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 come with specific reporting requirements mandated by the Internal Revenue Service (IRS) and the Financial...
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 parent with a disabled child or dependent, and a business that accommodates individuals with disabilities. AS...
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 extra cash, or fund that dream RV trip. Especially for Baby Boomers and Gen Xers...
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 work-life balance. Since joining, he has fully embraced its culture of continuous growth and collaboration,...
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 / Seminars / Events: Over the past few months, we’ve enjoyed visiting several schools: Accounting...
Kristen Pate joined Blackman & Sloop in 2024 with a passion for teamwork, community impact, and building meaningful client relationships. Drawn to the firm’s strong culture and collaborative spirit, she quickly found a home where values align with action. The core value that resonates most with...
Here is what the firm has been up to since our last newsletter. Promotions / New Hires: On January 6, we welcomed two new Tax Managers to the team: Conor Weeks and Renee Tessman! Congratulations to the following on their recent promotions! Joe...
Here we are in yet another new year. The obligations and celebrations are over. Chances are, you’ve spent a fair amount over the holidays and might need a plan to help kickstart 2025 with some actionable financial goals. Here are a few ideas. Create a Budget This...
Whether you file your income tax return early or at the last minute, there are ways to simplify the process and reduce what you owe – or even increase your refund – before the deadline. Filing Simplification Tip Once you receive your W-2 and/or 1099 tax forms,...
As the popularity of cryptocurrency continues to grow, individuals and businesses engaged in crypto transactions face increasing challenges in managing their finances. Cryptocurrency accounting and tax preparation services have become crucial to ensure compliance with regulations, accurate record keeping, and efficient tax filing. Cryptocurrency transactions, unlike...
