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U.S. November Consumer Price Index: Inflation continues to abate

U.S. November Consumer Price Index: Inflation continues to abate

Inflation continued to abate in November as energy prices declined by 2.3% and gasoline prices dropped by 6%, resulting in a 0.1% monthly advance in the CPI.
U.S. November jobs report: This is what a soft landing looks like

U.S. November jobs report: This is what a soft landing looks like

Through November this year, the American economy has produced 2.58 million jobs as inflation has eased from 6.4% to 3.2% all while the unemployment rate has remained below 4%.
IRS will use AI to help target partnerships and high net worth individuals

IRS will use AI to help target partnerships and high net worth individuals

The IRS announced a sweeping enforcement effort that will engage AI to focus on large partnerships and wealthy individuals.
FOMC preview and the logic of Fed rate cuts in 2024

FOMC preview and the logic of Fed rate cuts in 2024

After nearly two years of raising the federal funds policy rate to restore price stability, the Federal Reserve is poised to all but declare that campaign to be over at its meeting next week.
What To Do With Old Retirement Accounts

What To Do With Old Retirement Accounts

You likely have at least one old retirement account if you've ever changed employers. These accounts stay exactly as you left them unless you take action. In this video, we'll provide options for what to do with those old accounts.
The 1031 Exchange Explained

The 1031 Exchange Explained

In the world of real estate, the Section 1031 exchange has been a significant tool for investors who want to grow their real estate portfolio and wealth. In this video, we'll explain how a 1031 exchange works and important considerations when using one.
Tax Court rules state law limited partner may be subject to self-employment tax

Tax Court rules state law limited partner may be subject to self-employment tax

The Tax Court ruled that holding a state law limited partnership interest is not, by itself, enough to avoid self-employment tax.
IRS delays implementation of lower $600 reporting threshold for 1099-K

IRS delays implementation of lower $600 reporting threshold for 1099-K

New IRS notice 1099-K for small vendors will be subject to existing requirements for TY 2023, followed by a phased-in approach.
U.S. existing home sales plunged to their lowest level since 2010

U.S. existing home sales plunged to their lowest level since 2010

In October, sales of existing homes dropped to 3.79 million, marking the lowest point since 2010, the National Realtor Association reported on Tuesday.
Are ESOPs a good fit for business and professional services (BPS) companies?

Are ESOPs a good fit for business and professional services (BPS) companies?

ESOPs can be advantageous to BPS companies, but their success ultimately depends on several key factors - culture, messaging and ownership goals.
IRS Releases 2024 tax inflation adjustments

IRS Releases 2024 tax inflation adjustments

IRS releases inflation adjustments for 2024. Inflation adjustments impact individual tax brackets and other various provisions of the Code.
Creating an effective enterprise growth strategy

Creating an effective enterprise growth strategy

Creating an effective enterprise growth strategy can help organizations build a foundation for future success.

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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: fbeavers@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

    AICPA
    Texas CPA Certified Public Accountant

    We are clients of the RSM Professional Services+ Practice. As a client, we have access to the Professional Services+ Collaborative, a globally connected community that provides access to an ecosystem of capabilities, collaboration and camaraderie to help professional services firms grow and thrive in a rapidly changing business environment. As a participant in the PS+ Collaborative, we have the opportunity to interact and share best practices with other professional services firms across the U.S. and Canada.