Most companies have policies or procedures governing their employment practices, but they're sometimes maintained informally. This can lead to inconsistent application and confusion about employer and employee rights and responsibilities. An employee handbook formalizes those policies so that employees have a written resource to read...
You’ve got loads of experience in your field. You know things that only time can teach you. However, all of your experience and knowledge can sometimes work against you. And even though age discrimination is illegal, it doesn’t mean it isn’t prevalent. You can’t turn...
According to Fidelity Investments, the average 65-year-old couple retiring today will need about $300,000 for out-of-pocket healthcare expenses during retirement. And that doesn’t even include long-term care. One way to help pay for this enormous cost is to open a health savings account (HSA), which...
Accurate and timely accounting is critical for any business's survival. At the same time, entrepreneurs need to pour their energy into core business activities and not waste time on day-to-day bookkeeping. Unfortunately, the cost of setting up a full-time accounting department is prohibitive for most...
What year did you join Blackman & Sloop? I joined Blackman & Sloop in November of 2020. Where did you go to college? I spent 5 lovely years in Raleigh, NC at the best college/university in North Carolina: NC State. Go Pack! Why did you choose Blackman & Sloop? This...
As we come out on the other side of tax season, the team at Blackman & Sloop continues to work hard to bring the best service possible. Here are a few things that have been happening at the firm since our last newsletter. Promotions and New...
The Child Tax Credit as we know it originated during the Clinton administration, but the recently enacted American Rescue Plan created a new version. The updated version of this tax credit could have a beneficial impact on Americans struggling through the COVID-19 pandemic. The changes...
In 2020, a year when all income brackets benefited from lower tax rates, the stock market took a nosedive at the beginning of the pandemic. For investors sharp enough to see the opportunity, this was an ideal time to convert a traditional IRA into a...
After the unprecedented year we’ve just experienced, the last thing you need is to have your accounting data compromised or stolen. It would be impossible to reconstruct your QuickBooks file from scratch, and you can’t afford to have a hacker steal any of your funds. There...
What year did you join Blackman & Sloop? January 2020 Why did you choose Blackman & Sloop? My family and I wanted to relocate to the Chapel Hill/Durham area, and after interviewing with Blackman & Sloop I felt immediately comfortable with the people and their attitudes towards work/life...
