As the new year begins, let's take a look at all the happenings that occurred as we said goodbye to 2020. Promotions and New Hires: Josh Minor started as a manager in our Business Advisory department on November 4, 2020. Conferences/Seminars/Events: In November, as a part of our firm-wide...
After several months of the Republicans and Democrats not being able to agree on additional COVID-related tax relief and other matters, as 2020 was coming to an end, horses were traded, and deals were made so that Congress could put together the much-needed legislation. The...
COVID-19 has caused the death of over 300,000 people. There have been nearly 19 million reported cases in the United States. COVID-19 has touched nearly every aspect of the lives of every American. It has even affected finances for most Americans as well, creating waves of...
One of the more tax-troubling issues this year has been the distribution of what Congress referred to as the recovery rebates. You may know these payments as the Economic Impact Payments (EIPs) or stimulus payments, names that the IRS took the liberty of creating. These...
In spite of (or in some cases, because of) the COVID-19 pandemic, and with near-record-low home mortgage interest rates, the housing market has been booming. September 2020 existing home sales were up 9.4% from August 2020 and 20.9% from 2019, according to the National Association...
Roth IRAs can be a powerful tax tool, but they are often misunderstood and misused. Investment income in Roth IRAs compound tax-free and most distributions are tax-free as well. Another benefit is that there are no required minimum distributions (RMDs) throughout the original owner's life....
Despite the fresh start that a new year promises, our world has not changed much since last March. We are still living in a new normal. We are masking up, working (and schooling) from home, and maintaining social distance. Furthermore, scores of community events and...
What year did you join Blackman & Sloop? I joined Blackman & Sloop in February 2020. Where did you go to college? I completed my Bachelor's degree at the University of North Carolina at Asheville. Why did you choose Blackman & Sloop? I chose Blackman & Sloop because of the...
With tax season finally behind us, we move into the holiday and end of the year season. 2020 will certainly be a year to remember. Check out what our team has been up to since our last newsletter. Promotions and New Hires: In July, we welcomed...
If you already have a budget, it’s probably been difficult for you to stick with it for the last several months. Unless you provide products and/or services that have been in great demand since the COVID-19 pandemic took hold, you’ve had to adjust your budget...
