The reinstatement of bonus depreciation is a critical component of recent U.S. tax legislation aimed at fostering economic growth. The 2017 Tax Cuts and Jobs Act (TCJA) had already put significant emphasis on bonus depreciation, but its permanent reinstatement under the "One Big Beautiful Bill...
The recent passage of the One Big Beautiful Bill Act (OBBBA) marks a significant shift in the tax landscape, bringing with it a range of changes aimed at easing the financial burden on American workers. Among these changes, the introduction of a new deduction for...
Let’s get one thing straight: Scammers are not slowing down. They’re getting slicker, faster, and disturbingly good at sounding like someone you trust—especially now that AI can mimic voices, emails, and even your tax pro’s writing style. The IRS sees it too. That’s why, every year, they publish...
So you built something real. A business. A legacy. A family-run thing that’s weathered recessions, pandemics, and probably more sleepless nights than you care to count. Maybe it’s a restaurant. A dental practice. A small farm. Maybe it’s a consulting firm that started at your kitchen...
Laura Fletcher joined Blackman & Sloop in October 2023 as part of our Client Accounting and Advisory Services (CAAS) team. Prior to joining, she served as VP of Finance at a local non-profit, where she partnered with Blackman & Sloop during annual audits. Impressed by...
In the world of independent pharmacy, managing cash flow can feel like a constant balancing act. Even when revenue looks healthy, cash shortages can still happen—leaving owners scrambling to cover payroll, pay vendors, or reinvest in their operations. If this sounds familiar, the issue may...
Here is what the firm has been up to since our last newsletter. Promotions and New Hires: On August 25, we welcomed Jessica Wyant to the team as a Senior Audit Associate, and on August 11, Henry Kunz joined us as an Audit Associate! We’re excited to...
At Blackman & Sloop, our core values aren’t just words on a wall — they’re the compass that guides us every day. From how we serve our clients to how we support each other, these values shape our culture, fuel our growth, and keep us...
Independent pharmacies operate in a fast-moving and highly regulated environment. While owners focus on patient care and community engagement, small but steady profit leaks can go unnoticed—leading to long-term financial strain. At Blackman & Sloop, we work with pharmacy owners to help them identify and...
In July 2025, the Financial Accounting Standards Board (FASB) issued ASU 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets. This update is especially helpful for nonprofits, as it simplifies how organizations measure allowances for credit losses, an...
