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March Insights Newsletter


Article | April 18, 2024

Authored by Johnson & Sheldon, PLLC


INSIGHTS

Frequently asked questions about profits interests

Profits interest are an equity-based compensation device intended to incentivize key employees in partnerships.

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Understanding the Form 8300 e-filing requirements for cash transactions over $10,000

Understand the IRS’s new e-filing system for Form 8300, designed to simplify the reporting of cash transactions over $10,000. Learn who must file, the e-filing requirements, and how to apply for a waiver if e-filing is challenging for your business.

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Natural gas and the move toward energy self-sufficiency

Natural gas accounts for 30% of the energy used domestically, and the U.S. is now the largest global exporter of LNG.

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At Johnson & Sheldon, PLLC, we’re transforming the meaning of financial consulting by helping our clients achieve results-driven financial solutions.

Based in Amarillo, TX, and with additional locations in Hereford and Pampa, TX, we’re a leading accounting firm in the Texas Panhandle that combines over 30 years of industry experience. Our staff is affiliated with AICPA, the Texas Society of Certified Public Accountants, and we’re up to date with industry standards.

Whether you need help at tax time or year-round, we’re the firm that’s dedicated to helping you achieve financial security, stability, and long-term success.

For more information on how ​Johnson & Sheldon, PLLC can assist you, please contact us: Amarillo | Pampa | Hereford