We are thrilled to feature Justin Stremme in our Employee Spotlight this month. Justin joined Blackman & Sloop in 2023 as a Senior Audit Associate. He chose Blackman & Sloop…
In the Firm – August 2024
Here is what the firm has been up to since our last newsletter. Promotions / New Hires: On May 14, we welcomed our four summer Interns: Vincent Ruggiero, Todd…
Gift and Estate Tax Primer
The tax code places limits on the amounts that individuals can gift to others (as money or property) without paying taxes. This is meant to keep an individual from using…
Purr-fect Savings: The Secrets of Pet Tax Deductions
When tax season rolls around every year, many pet owners wonder if they can get a tax break for their furry companions – after all, “pet parents” often consider their…
Maximizing Benefits and Navigating Pitfalls: Understanding the Tax Implications of Inheriting or Receiving a Home as a Gift
A frequent question, and a situation where taxpayers often make tax mistakes, is whether it is better to receive a home as a gift or as an inheritance. It is…
Say Sayonara to Manual Transaction Entry in QuickBooks Online
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…
Navigating the Complex World of Your Child’s Tax Return
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…
Pre-Retirement Planning Guide
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…
Weather the Storm: How Small Businesses Can Thrive in a Tough Economy Flow
The current American economy is characterized by inflation, rising credit card debt, and the looming threat of a recession. As a result, small to medium-sized business owners face many challenges….