May 2023

Here is what the firm has been up to since our last newsletter. [themify_col grid="2-1 first"] Promotions and New Hires:  Jessica Dugan joined the team as a Senior Audit Associate on May 1st.  Will DeAndrade and Beth Ann Quinn joined the team as interns on May 15th. ...

What month and year did you join Blackman & Sloop? I joined Blackman & Sloop in May 2022 as an intern and came on full-time in September 2022 as a Business Advisory Associate.   Where did you go to college? I received my Bachelors of Science in Accounting from...

Estate and inheritance (“death”) taxes are levied on the transfer of property at death. The difference between an estate tax and an inheritance tax is based on who pays the bill. An estate tax is levied on the estate of the deceased, while an inheritance...

The tax code provides two tax advantageous plans for taxpayers to pay medical expenses. One is a Flexible Spending Account (FSA) and the other is a Health Savings Account (HSA). The two are often misunderstood and their provisions are frequently mixed up by taxpayers who...

Tax time is all year long! There's always a lot you can do to help lower your taxes, save money and avoid penalties. Read on for six ways to save. — Contribute to Your Retirement Accounts Yes, doing this will help lower your tax bill. So, if...

Most people volunteer out of a sense of altruism, duty or purpose – not to get a tax deduction from Uncle Sam. At the same time, if your good deeds could also result in lower taxes, why not? Theoretically, this would free up more time...

If you had to make a list of all the things that most business owners hate, taking care of accounting and other financial matters is probably right at the top. Yet at the same time, a lot of those same business owners are struggling. Maybe...

Many taxpayers prefer to care for ill or disabled family members in their homes as opposed to placing them in nursing homes, but doing this can be expensive, time-consuming, and exhausting. The government also recognizes home care as a means of reducing the government’s costs...