December Insights Newsletter
Article | December 21, 2023
Authored by Johnson & Sheldon, PLLC
NEWS
Welcome to the very first edition of our firm E newsletter, where we strive to keep you informed, engaged, and inspired. As we navigate with you the ever-evolving landscape in the accounting and financial world, it is our pleasure to share with you certain exciting developments, achievements, and milestones that continue to shape our journey together along the way.
In each of our newsletters we hope that you find a blend of recent insightful articles, team spotlights, and updates on projects that underscore our commitment to excellence. As we reflect on our collective accomplishments with you and look ahead to the future, we are grateful for the work and dedication of each team member of our Johnson & Sheldon family! And for our clients, we want to say a big Thank You for your trust and relationship with us and for being an integral part of our ongoing success!
As we approach the end of the year, we would like to also wish you all the blessings that come with the holiday season, as well as best wishes and success for the New Year!
INSIGHTS
RSM US LLP | December 13, 2023
Fed signals end of rate hikes and projects cuts in 2024
The Federal Reserve signaled at its meeting on Wednesday that it is done raising its policy rate and is poised to reduce it by 75 basis points next year to support the expanding economy.
Johnson & Sheldon | September 11, 2023
Determining Reasonable Compensation for S-Corp Owners
As an owner of an S-Corp, understanding the concept of reasonable compensation is crucial for tax planning and compliance. Learn about the IRS’s reasonable compensation rules for determining how much should be taken in the form of wages versus pass-through income.
RSM US LLP | November 13, 2023
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.
RSM US LLP | November 13, 2023
IRS releases 2024 retirement plan limitations
Cost-of-living adjustments to retirement plan limits for 2024 have been issued by the IRS in Notice 2023-75.
Let's Talk!
Contact us at one of our locations or fill out the form below and we'll contact you to discuss your specific situation.
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