Here is what the firm has been up to since our last newsletter. New Hires: Laura Fletcher joined on October 23 as a Business Advisory Associate Chad Wrigglesworth joined on November 1 as a Tax Associate Jackie Skinner joined on November 27 as...
When did you join Blackman & Sloop? August 2023 Why did you choose Blackman & Sloop? I chose Blackman and Sloop because I love the environment here. It feels like a big family. Everyone is welcoming and also hard working. It feels great to be a part of...
The unrelenting advancement of technology is still going strong even as we enter 2024. The business landscape is poised for transformative changes, driven by ongoing developments that demand organizations to be innovative and adaptive. Below, we explore some key technology trends that businesses should keenly...
For many, buying a home is the biggest asset they will ever own. However, you aren’t able to fully benefit from that asset until you pay off the mortgage; until then it is technically a liability. The most common length of a mortgage loan is...
The Kiddie Tax was introduced in 1986 to prevent high-income parents from shifting their investment income to their children, who typically fall into lower tax brackets. While the term “Kiddie Tax” isn’t used in the tax code, it does succinctly describe this tax. The tax...
Gift and estate taxes are both part of the federal transfer tax system and are interconnected. Gift tax applies to transfers of wealth during a person's lifetime. If a person gives another person a gift that exceeds the annual gift tax exclusion ($17,000 in 2023), the...
As you approach retirement age, the thought of returning to work might be on your mind. Whether you're considering part-time roles or fully immersing yourself back into the workforce, this article is designed to provide insights into the financial aspects of such a decision. We...
Decades of innovation have transformed the finance office from a mindset of processing transactions to one of strategic financial management. But even with this advancement, nonprofit organizations are operating in an increasingly complex environment that requires them to balance routine and new tasks with a...
Many in the nonprofit world know Form 990 as the all important nonprofit tax form that details an organization’s activities and financial standing. In addition to justifying an organization’s tax-exempt status, Form 990 reveals key information that charity-rating organizations and grantmakers use when evaluating nonprofits. The...
With an increasing focus on environmental, social and governance (ESG) issues, some organizations are seeking ways to fund various ESG initiatives. Tax credits and incentives have played an important role in subsidizing ESG initiatives, with the Inflation Reduction Act significantly enhancing their impact on environmental...
