January Insights Newsletter
Article | January 18, 2024
Authored by Johnson & Sheldon, PLLC
NEWS
Johnson & Sheldon, PLLC is excited to announce the addition of their newest Equity Partner, Alicia Pickens, effective January 1, 2024.
Alicia has been with the firm since 2010 and has over 18 years of public accounting experience. She has experience providing both accounting and tax services to clients in a variety of industries including non-profit and religious organizations, online and on-site retail stores, healthcare, construction, and real estate. In 2020 Alicia stepped up to lead the firm’s Accounting Outsourcing and Client Advisory Services group on a full-time basis. She works hard to build and maintain lasting client relationships, as well as keeping us current with the latest tools and technology.
As many of you already knows Alicia brings a wealth of experience and expertise, along with a passion for both the firm and the CPA industry. She is highly committed to the continued growth of our Accounting Outsourcing and Client Advisory Services side of the business. The partners also want to say that we really appreciate Alicia for everything she does for the firm and everyone here, along with just being the enjoyable person that she is.
INSIGHTS
RSM US LLP | January 5, 2024
New guidance on section 174 research expenditures
Notice 2024-12 clarifies rules regarding research performed under a contract while Rev. Proc. 2024-9 updates guidance on accounting method changes.
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.
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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