When parents go through a separation or divorce, one of the many complex issues they face is determining who gets to claim the children as dependents for tax purposes. This…
Untangling the Tax Maze: Who Claims the Kids After Divorce?
Navigating the Aftermath: Understanding Disaster Loss Tax Provisions for Homeowners Affected by Disasters
In recent years, wildfires, hurricanes, and other natural disasters have become increasingly frequent and devastating, leaving many individuals and families grappling with the loss of their homes and personal property….
QuickBooks Made Simple: 5 Expert Tips for Getting Started
QuickBooks is one of the most powerful tools on the market for managing small business finances, but getting started can feel daunting. Setting up your account properly and taking advantage…
Unveiling the Hidden Costs: How Non-Compliance in Foreign Asset Reporting Could Lead to Substantial Penalties
In an increasingly globalized world, many U.S. taxpayers find themselves with financial interests or assets located outside the United States. Whether through inheritance, investment, or business ventures, these foreign assets…
Maximizing Tax Benefits: A Guide for Disabled Individuals and Their Families
There are significant tax benefits available to compensate for individuals with disabilities. This article breaks down the benefits into three categories: As they apply to an individual with disabilities, the…
Tax Implications of Downsizing: What Baby Boomers and Gen X Need to Know
Remember when “downsizing” was something you did to your closet every spring? Now, it’s a buzzword for a major financial move: selling the big family home to streamline expenses, pocket…
Employee Spotlight: Trent Herndon
Trent Herndon joined Blackman & Sloop as a Senior Associate in our Client Accounting and Advisory department in February 2024. He was initially drawn to the firm’s strong commitment to…
In the Firm – April 2025
Here is what the firm has been up to since our last newsletter. Promotions / New Hires: Megan Simard joined the team on 2/17 as an Audit Manager. Conferences…