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Preparing for the end of federal paper checks

Preparing for the end of federal paper checks

Executive Order 14247 directs federal agencies to phase out paper checks for refunds, benefits, and contracts. Here’s who’s affected and how to prepare.
Building a budget and forecast system for your business

Building a budget and forecast system for your business

The harsh reality is that many business failures are caused by poor financial planning and cash flow management. Despite this, surprisingly few companies invest in building robust systems for forecasting and tracking their financial future. Learn the fundamentals of building and maintaining a budget and forecast for your business.
No tax on tips: What occupations qualify? What are qualified tips?

No tax on tips: What occupations qualify? What are qualified tips?

RSM explains what employers should know about IRS proposed regulations clarifying the "No tax on tips" provision in the OBBBA. Learn more.
AI is here—is your family office prepared?

AI is here—is your family office prepared?

Learn how family offices can prepare for artificial intelligence adoption with strategy, governance and strong data foundations.
Debt-financed distributions for pass-throughs: how they work and when they make sense

Debt-financed distributions for pass-throughs: how they work and when they make sense

When a pass-through business takes out a loan at the entity level and immediately distributes the borrowed funds to its owners, this is considered a debt-financed distribution. This maneuver provides owners with immediate liquidity without triggering a current tax bill, as long as they have sufficient tax basis to cover the distribution.
The Latest IRS Guidance on Section 174

The Latest IRS Guidance on Section 174

Aprio Insights on the The Latest IRS Guidance on Section 174. Read the article.
Is your business ready? Red flags that demand a modern fraud risk assessment

Is your business ready? Red flags that demand a modern fraud risk assessment

RSM US details why a modern fraud risk assessment is no longer just a leading practice, it's essential to stay ahead of threats. Learn more.
Personal guarantees: costly risk or tax leverage?

Personal guarantees: costly risk or tax leverage?

Banks want an extra layer of security for business loans, and a personal guarantee delivers it - but for partnership owners, there's a hidden tax advantage most overlook. This synthetic capital injection can turn a necessary business risk into meaningful tax leverage, provided you understand the mechanics and monitor the potential pitfalls.
Medicare: premiums, taxes, and surprise surcharges

Medicare: premiums, taxes, and surprise surcharges

Many people reach 65 expecting Medicare to replace their health insurance and ease budget pressures. But in reality, Medicare often adds a new layer of costs - monthly premiums, income-based surcharges, and potential late penalties that can last a lifetime. Read our article to avoid costly surprises later in retirement.
New IRS Electronic Payment Mandate Impacts FIRPTA Transactions

New IRS Electronic Payment Mandate Impacts FIRPTA Transactions

Aprio Insights on the New IRS Electronic Payment Mandate Impacts FIRPTA Transactions. Read the article.
The OBBB and ERC Audit Risk: Three Steps to Defending Your Claim

The OBBB and ERC Audit Risk: Three Steps to Defending Your Claim

The OBBB Act made changes to the Employee Retention Credit (ERC) program by retroactively invalidating certain claims and extending the statute of limitations for an audit to six years.
Financial Survival Guide for Startups

Financial Survival Guide for Startups

Spending all your time delivering for clients and letting bookkeeping slide? In this quick guide, discover the simple systems that protect your finances as a new entrepreneur.
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  • Johnson & Sheldon, PLLC
    Amarillo Location
    500 S Taylor St Suite 200
    Amarillo, TX 79101

    Phone: 806-371-7661
    Fax: 806-371-0529
    Email: ebaten@amacpas.com

    Johnson & Sheldon, PLLC
    Pampa Location
    2004 N. Hobart
    Pampa, TX 79065

    Phone: 806-665-8429
    Fax: 806-665-8804
    Email: blewis@amacpas.com

    Johnson & Sheldon, PLLC
    Hereford Location
    119 E 4th St
    Hereford TX 79045

    Phone: 806-364-4686
    Fax: 806-364-0826
    Email: khollingsworth@amacpas.com

    President’s Award
    35 Years

    Johnson & Sheldon, PLLC, is proud to be part of Aprio Alliance — a national association created by accounting professionals to help collaborative, growth-minded CPA firms thrive. This affiliation gives us access to leading expertise, resources, and best practices, while preserving what matters most: the personalized service and local insight you expect from an independent firm. Joining Aprio Alliance reinforces our commitment to exceptional client service and staying ahead of industry trends. While we leverage the strength of a national firm, we remain fully independent—maintaining our name, client relationships, and service approach.