Just as many nonprofits have adjusted to the 2024 Uniform Guidance updates, another wave of potential federal grant changes is already on the horizon. The U.S. Office of Management and Budget (OMB) recently proposed significant changes to the Uniform Guidance—the rules that govern how organizations manage...
Blackman & Sloop is proud to announce that Assurance Partner Deetra Watson, CPA, has been recognized on the Forbes 2026 Best-In-State CPAs list, a distinction that highlights outstanding accounting professionals who have demonstrated excellence in client service, leadership, expertise, and contributions to the profession. This prestigious...
For independent pharmacies, budgeting often feels like a daunting or even unnecessary task. After all, you’re busy managing day-to-day operations, juggling staff, handling reimbursements, and serving your community. It’s easy to think, “If the business is making money, why worry about a budget?” But the truth is, budgeting is one...
For nonprofits, understanding the distinction between restricted and unrestricted funds is more than a matter of good bookkeeping—it’s essential to maintaining donor trust, ensuring compliance, and preserving your organization’s long-term mission. Misunderstanding or misreporting fund classifications can result in reputational damage, legal complications, and strained...
In accounting, no two years ever look exactly the same. As technology evolves, client needs shift, industries adapt, and new regulations emerge, the professionals who thrive long-term are rarely the ones relying solely on what they learned years ago. Instead, they are the ones willing to...
In today’s nonprofit landscape, organizations are increasingly exploring strategic mergers to expand reach, reduce overhead, or increase programmatic impact. Whether driven by economic pressures, mission alignment, or leadership transitions, mergers can be powerful tools—but they also come with complex financial implications. Before committing to a merger,...
In the competitive world of independent pharmacies, knowing how your business stacks up against similar operations is critical for informed decision-making and long-term growth. Pharmacy benchmarking provides valuable insights by comparing key financial and operational metrics against industry peers. This process can reveal strengths, uncover weaknesses, and...
Ross Stremme II joined Blackman & Sloop in September 2024 as an Assurance Senior Manager and has quickly made an impact across the firm. From his first interactions, Ross felt a genuine connection to the team, noting how welcoming and thoughtful everyone was throughout the...
Here is what the firm has been up to since our last newsletter.New Hires:We are pleased to welcome two new team members to Blackman & Sloop:Scott Grogan joined the team as an Audit Manager.Maclain Coords joined the team as a Tax Associate.We are glad to...
After revenue, and even after gross margin, there’s one phrase business owners say more than almost any other: “We’re profitable… so why does cash still feel tight?” It’s a fair question. And an incredibly common one. Because profit and cash flow are related — but they are not...
