Amarillo 806-371-7661
Pampa 806-665-8429
Hereford 806-364-4686
Write Us a Review

Insights Gallery

Family Loans and Gifts: Avoiding a Tax Headache

Family Loans and Gifts: Avoiding a Tax Headache

When relatives lend or gift money, it can strengthen family bonds or lead to complications if not handled properly. This video explores the differences between gifts and loans in family finances, highlighting IRS guidelines and offering strategies to manage these transactions with minimal tax impact.
What happens next with the TCJA? Tax professionals are concerned

What happens next with the TCJA? Tax professionals are concerned

Tax professionals who have been in the business for several years know that the implementation of the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, was time-consuming and stressful, so they are now concerned about what happens next since the act’s provisions are set to expire at the end of 2025, according to a report from Bloomberg Tax
BOI filing requirements for U.S. companies and persons removed

BOI filing requirements for U.S. companies and persons removed

The government on Friday significantly narrowed the scope of beneficial ownership information (BOI) filing requirements to foreign entities only, formalizing a move the Treasury Department previewed earlier this month.
Estate planning in 2025: What you can do now

Estate planning in 2025: What you can do now

Estate planning strategies for uncertainty. Proactively build flexibility into your plans. Secure your legacy amidst tax changes. Learn how now.
Common Beneficiary Mistakes That Can Wreck Your Estate Plan

Common Beneficiary Mistakes That Can Wreck Your Estate Plan

Uncover common estate planning mistakes that could jeopardize your assets and learn how to avoid them. Find out why aligning beneficiary designations with your will or trust is vital and discover the benefits of setting up a trust to manage your assets effectively.
Avoiding Common Mistakes in Transition Planning

Avoiding Common Mistakes in Transition Planning

Preparing your business for a future transition is crucial to its success. Learn how to avoid common mistakes and ensure your business thrives through any change.
U.S. tariffs and their impact on growth and inflation

U.S. tariffs and their impact on growth and inflation

While it is too early to quantify the tariffs' overall impact, a rough estimate implies between a 0.5% and 0.75% drag on growth this year and a one-time 0.6%.
The standard business mileage rate has increased for 2025

The standard business mileage rate has increased for 2025

Important news for businesses that rely on travel: the standard business mileage rate for 2025 has increased. Discover how this change affects your business’s bottom line in our recent article.
What to consider if you’re financing the sale of your business

What to consider if you’re financing the sale of your business

Financing the sale of your business can be a challenging process. This article outlines what you need to know and consider, helping you make a strategic move. Read on to ensure your business sale goes as smoothly as possible.
What would an estate tax repeal mean for you?

What would an estate tax repeal mean for you?

Estate tax repeal: What would it mean for your legacy? Regardless of potential changes to tax laws, estate planning will always be essential.
Business transition planning guide

Business transition planning guide

RSM explores how business transition planning can help establish your business legacy with strategic exit options for a successful business transition. Read more.
No results found.

Monday - Friday: 8:00 AM - 5:00 PM
*Will be closed Fridays between Memorial Day and Labor Day
Closed Saturday & Sunday

Subscribe to Our Newsletter

  • Should be Empty:
  • 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

    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.