The Penny Is Disappearing—And It’s Not Just Trivia At first, it sounds like a fun fact. “The U.S. is phasing out the penny.” Interesting… but irrelevant, right? Not quite. Because this tiny shift—literally one cent—has a ripple effect on: How customers pay How businesses price How money flows through your business And if you...
If your federal tax refund is seriously overdue, it's normal to feel worried — especially if you were counting on that money for bills or other expenses. Before panic sets in, here's a clear, practical guide explaining what may be happening, why a new IRS...
Expanding your independent pharmacy to multiple locations can be an exciting growth opportunity. It offers the potential to increase revenue, broaden your customer base, and build long-term value. But opening a second—or third—location also comes with a host of financial challenges that require careful planning and management. Before...
For many nonprofit organizations, June 30 marks more than just the end of another fiscal year. It is an opportunity to step back, evaluate operations, and consider whether your current reporting cycle continues to support your organization's mission and long-term goals. While many nonprofits naturally adopt...
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: Lee Worrix joined the team as a Senior Tax Associate. Maclain Coords joined the team as a Tax Associate. Chinedu Mazi joined...
Shanita Walker joined Blackman & Sloop in December 2023 as an Administrative Associate, bringing a passion for organization and a genuine appreciation for supporting both clients and colleagues. She was drawn to the firm because of its commitment to the community, its focus on professional...
"Kiddie Tax" is a term that refers to the tax imposed on the unearned income of children. It was Introduced as part of the Tax Reform Act of 1986. The Reason Behind Kiddie Tax Its primary purpose is to prevent families from exploiting a lower tax rate...
The One Big Beautiful Bill Act (OBBBA) has fundamentally reshaped the tax-advantaged investment landscape by making the Qualified Opportunity Zone (QOZ) program permanent. For taxpayers sitting on significant capital gains in 2026, the strategy for when to sell and reinvest has shifted dramatically. Under the...
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...
