Ditching manual transaction entry should be your number one priority now that QuickBooks Online streamlines the process of importing transactions from your bank. When you manually input transactions, you open the door to data transposition errors, potentially leading to inaccuracies in customer billing, reports, and...
In an effort to prevent high-income parents from exploiting tax benefits by shifting their investment income to their children, who typically fall into lower tax brackets, the U.S. Congress introduced the "Kiddie Tax" in 1986. While not officially termed as such in the tax code,...
Blackman & Sloop Advisors, Inc. is pleased to announce the addition of Chris Kavcsak as Chief Growth Officer. Chris joined the firm in 2024, bringing a wealth of experience and a proven track record in leading strategic growth initiatives. In his current role, Chris is...
To our esteemed clients, We are thrilled to have the opportunity to express our gratitude for your partnership with Blackman & Sloop and to share some exciting news with you. The partners of Blackman & Sloop are pleased to announce that effective May 1, 2024, Blackman &...
Here is what the firm has been up to since our last newsletter. Conferences / Seminars / Events: We wrapped up a busy Spring Recruiting season with two trips to UNC-Greensboro on April 8th for a Beta Alpha Psi meeting and April 22 for an...
Unlike employees, who have income, Social Security, and Medicare taxes withheld from their wages, self-employed individuals must prepay their taxes by making periodic estimated tax payments. These are referred to as estimated tax payments because the self-employed individual must estimate his or her net earnings...
As the season changes and springtime approaches, it’s not just your home that could use a good cleaning. Your financial records, especially in QuickBooks, could benefit from a little spring cleaning too. With tax season in full swing and the start of a new fiscal...
One of the more insightful quotes of baseball great Yogi Berra was, “If you don’t know where you’re going, you’ll end up someplace else.” When you’re young, first starting out in life and career, the path to professional success and personal fulfillment isn’t always clear. Most...
Most people know the basic concept that certain types of investment accounts are tax-sheltered while others are not. Think 401(k), 403(b), IRA and Roth IRA accounts, for example. What most people are not aware of is how splitting your investment positions between your taxable and...
Here is what the firm has been up to since our last newsletter. New Hires: Trent Herndon joined on February 7th as a Business Advisory Senior Associate Noah Tessau & Roger Lewis joined on February 12th as Seasonal Tax Administrative Associates Terri Knotts...
