Managing payroll is one of the most critical and complex aspects of running an independent pharmacy. With a mix of pharmacists, technicians, support staff, and sometimes seasonal employees, payroll involves more than just issuing paychecks. It includes navigating overtime rules, structuring bonuses effectively, and ensuring...
Artificial intelligence is changing the accounting profession. For students and young professionals considering a career in accounting, that statement can sound either exciting or a little unsettling. Will AI change what accountants do every day? Almost certainly. Will some of the work traditionally performed by early-career accountants...
Since joining Blackman & Sloop in January 2026, Allyra has brought a thoughtful, client-focused approach to her role as a Client Relationship Specialist. What stood out to her about the firm was the genuine warmth she encountered during the interview process. She appreciated seeing an...
Here is what the firm has been up to since our last newsletter.New Hires:We are pleased to welcome the following team members to Blackman & Sloop:Brian Finn joined the team as a Tax Manager.Helena Lawton joined the team as a Tax Manager.Laura Bolduc joined the...
Trump Accounts officially launched on July 4, 2026. Families who already signed up should confirm that their account has been activated and is ready to receive contributions. Those who have not yet registered can still submit the required election, complete the activation process, and begin...
Many business owners dismiss C corporations almost immediately because they have heard about “double taxation.” That concern is real. It is part of the conversation. But it is rarely the only issue that matters, and it is not always the issue that matters most. The better question...
For many Americans, Social Security will become one of the largest and most dependable sources of retirement income they'll ever receive. Yet surprisingly few people understand just how many decisions surround those benefits-or how much those decisions can influence their long-term financial security. Most people know they...
Why the smartest capital decisions start with a tax planning conversation “Buy it before year-end so you can write it off.” That advice gets repeated so often in business circles that it starts to sound like strategy. In reality, it is only a fragment of the story. A...
A Health Savings Account, or HSA, is one of the most tax-efficient accounts in the Internal Revenue Code. Its basic purpose is simple: help people with high-deductible health plans save for current and future medical costs with favorable tax treatment. But the HSA is more...
For many business owners, succession planning is one of the most important decisions they will ever make, yet it is often delayed until the owner is nearing retirement, facing health problems, or reacting to a crisis. That is usually too late. A good succession plan...
