Cryptocurrency is hot right now. As it emerges as an asset class of its own, many people are still confused about how to treat it for federal income tax purposes. In response, the IRS issued guidance back in 2014 that treats virtual currencies that are...
Although tax filing season has been officially open only since Jan. 29, the Internal Revenue Service (IRS) is already warning that reports of refund scams are skyrocketing. Below is an overview of the most common type of scam and some tips to help you avoid...
Estate planning is never done. Just like a piece of real estate, it needs periodic maintenance and care to make sure it’s in good shape when you need it most. Provisions in the newly passed GOP tax plan mean it’s time to revisit a handful...
There are several factors expected to help fuel the economy through 2018. The first is government intervention through fiscal policy. Congress passed the Tax Cuts and Jobs Act (TCJA) at the end of 2017. This legislation offers a plethora of tax breaks for corporate and individual...
2017 was a great year for Blackman & Sloop! Here's a look back at some of the fun events and end of year milestones at our firm. FIRM HOLIDAY PARTY AND BIG BROTHERS BIG SISTERS CHRISTMAS GIVING The Blackman & Sloop team loves to give back!! This...
How much time do your employees squander on various distractions that take their time and attention away from work? Recent surveys from staffing organizations suggest that almost half of participating employers believe the majority of their workers lose one to two hours a day in...
When a business owner wants to expand his business concept across a region or the country, franchising can be an attractive option. According to the International Trade Association's 2016 Franchising Top Markets Report, franchising was projected to generate $944 billion in financial growth for the...
Call it ironic that on the very day Equifax went public with news of its massive data breach, Congress was holding hearings on reducing the regulations imposed on U.S. credit bureaus. Long before the recent breach that exposed confidential data affecting about 143 million Americans,...
In an effort to ensure you are always in compliance with government rules and regulations, we wanted to take a few minutes to remind businesses to file the necessary Forms 1099 for the 2017 calendar year. The IRS recently announced a crackdown on compliance with...
A recent article published by Pharmacy Owners walks the reader through the use of SWOT Analysis, which is a simple, but powerful, tool that can aid a business in identifying its strengths, weaknesses, opportunities, and threats. Step one is to complete all four quadrants of the SWOT...
