When was the last time you or your attorney reviewed or updated your will or trust? If it was before the passage of the 2017 tax reform legislation, or the Tax Cuts and Jobs Act (TCJA), your documents may be out of date. Among the...
Believe it or not, it’s 2020. You’re not just starting a new year—you’re entering a new decade. With this in mind, you might want to make some resolutions that focus on your finances. According to Psychology Today, 80 percent of resolutions fail by February. If...
Beginning on Jan. 1, 2020, the Internal Revenue Service (IRS) has new annual inflation adjustments for tax rates, brackets, deductions and retirement contribution limits. Note, the amounts below do not impact tax filing in 2020 for the tax year 2019. These amounts apply to 2020 taxes...
It may be hard to believe, but we are already two months into the new year. Many of us might reflect on the past year and tally up the good and the bad, the pros and the cons of 2019. In a society that focuses...
When it comes to determining depreciation for Furniture, Fixtures and Equipment (FF&E), there are many considerations that exist for accountants and business owners. Defining Furniture, Fixtures and Equipment FF&E refers to expenses for business items that are not affixed to the building where that business operates. Real...
The holidays are fast approaching and there is so much to be thankful for! The amazing team at Blackman & Sloop have really made it one of the best firms to work for! Here is what the team has been up to since our last...
What year did you join Blackman & Sloop? 2019 Where did you go to college? Daemen College, Amherst, NY Why did you choose Blackman & Sloop? I chose Blackman & Sloop because it is a diverse and friendly atmosphere. The partners are very approachable, and everyone works together as a...
No matter how old your children are, it’s always a good idea to start saving for college as soon as possible. (Yes, even when they’re still in diapers.) This might sound overwhelming, especially if you haven’t started, but take heart, it’s never too late. Here...
The rise in the number of data breaches reported has become a major concern – even to the ordinary internet user. As a result, we have all become aware of the need to maintain privacy while online. One of the measures promising to keep you...
When it comes to an employer's responsibility for non-exempt workers, according to the U.S. Department of Labor, there are many requirements businesses must follow related to payroll. In one example, there are strict regulations on what information employers must document for each non-exempt worker. While...
