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Building Financial Strength: The Role of Operating Reserves in Nonprofit Resilience
As nonprofits navigate a challenging landscape shaped by economic uncertainty, delayed government reimbursements, shifting donor priorities, and growi
15 October, 2025
The Future of U.S. Nonprofits: Sector Outlook and Strategic Shifts
As nonprofit leaders look beyond 2025, one thing is certain — the years ahead will be defined by volatility, complexity, and opportunity. Federal poli
15 October, 2025
Got an IRS Notice? Here’s How to Handle It Without Losing Sleep
Few things can rattle a business owner faster than seeing “Internal Revenue Service” on an envelope. The instinct is to panic. But the truth? An IRS n
02 October, 2025
Launching a Bright Financial Future: Tax Benefits for Your Children
Setting up a child’s financial future can be one of the most impactful gifts parents, grandparents, relatives, and friends can provide. By lever
02 October, 2025
Tax Break for Businesses: 100% Bonus Depreciation is Back Plus New Expensing of Qualified Production Property
The reinstatement of bonus depreciation is a critical component of recent U.S. tax legislation aimed at fostering economic growth. The 2017 Tax Cuts a
02 October, 2025
Understanding the New Deduction for Overtime Under the OBBBA: A Comprehensive Guide
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
02 October, 2025
IRS Dirty Dozen Scams for 2025: What to Watch Out For (and How to Protect Yourself)
Let’s get one thing straight: Scammers are not slowing down. They’re getting slicker, faster, and disturbingly good at sounding like someo
02 October, 2025
How to Keep Your Business in the Family – Tax Traps and Solutions
So you built something real. A business. A legacy. A family-run thing that’s weathered recessions, pandemics, and probably more sleepless nights than
02 October, 2025
Employee Spotlight: Laura Fletcher
Laura Fletcher joined Blackman & Sloop in October 2023 as part of our Client Accounting and Advisory Services (CAAS) team. Prior to joining, she s
02 October, 2025
Cash Flow Pains? Here’s What Your Pharmacy’s Books Might Be Hiding
In the world of independent pharmacy, managing cash flow can feel like a constant balancing act. Even when revenue looks healthy, cash shortages can s
02 October, 2025
In the Firm – September 2025
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 Sen
01 October, 2025
Living Our Core Values: Celebrating What Makes Blackman & Sloop Thrive
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
30 September, 2025
Profit Leaks in Independent Pharmacies: 5 Financial Red Flags
Independent pharmacies operate in a fast-moving and highly regulated environment. While owners focus on patient care and community engagement, small b
03 September, 2025
FASB Simplifies Credit Loss Accounting for Nonprofits
In July 2025, the Financial Accounting Standards Board (FASB) issued ASU 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Cred
20 August, 2025
Why Audit Readiness Is Essential for Nonprofit Organizations
For nonprofits, audit readiness has evolved far beyond simply ticking a compliance box. It’s now a critical part of building strong leadership, earnin
18 August, 2025
