The death of a spouse is a profoundly challenging time, both emotionally and financially. Amidst the grieving process, surviving spouses must also navigate a complex array of tax issues. Understanding these tax implications is crucial to ensuring compliance and optimizing financial outcomes. This article explores...
We are excited to feature Stephen Dallara as this month’s Employee Spotlight! Stephen became part of the Blackman & Sloop family in July 2024. Since joining, he has embraced the firm’s culture and the welcoming spirit of his colleagues. "Everyone has been incredibly supportive, taking...
Here is what the firm has been up to since our last newsletter. Promotions / New Hires: On September 30, Ross Stremme joined the team as an Audit Manager. Welcome Ross! Conferences / Seminars / Events: It was great to see everyone on October...
Household employees play a crucial role in many homes, providing essential services such as childcare, eldercare, housekeeping, and gardening. However, employing household help comes with a set of responsibilities, particularly in terms of payroll, withholding, and tax reporting. This article delves into the intricacies of...
Tax season can be stressful, especially if you're worried about penalties. Whether you're an individual or a small business owner, IRS penalties can add up quickly, turning a simple oversight into a costly mistake. Understanding what triggers these penalties—and how to avoid or reduce them—can...
As business owners barrel toward the quarter-century mark of the 21st century, so, too, do the tools we use to manage our finances. Recently, Intuit announced significant changes to its QuickBooks Desktop offerings, signaling a shift toward more innovative, cloud-based solutions. According to the brand,...
As the deadline for compliance with the Corporate Transparency Act (CTA) approaches, small and medium-sized businesses (SMBs) must remain vigilant. This legislative milestone, aimed at enhancing corporate transparency, requires businesses to disclose beneficial ownership information to combat illicit activities like money laundering and tax evasion....
Natural disasters can strike with little warning, leaving a lasting impact on both personal and business finances. Whether it's a hurricane, wildfire, or flood, the financial toll can be substantial. However, by taking a proactive approach, small and medium-sized businesses (SMBs) and individuals can minimize...
We are excited to feature Shane Morris in this month's Employee Spotlight. Shane joined Blackman & Sloop in 2023 and has been an invaluable part of our team ever since. She was drawn to Blackman & Sloop because of the opportunity to learn and grow...
Here is what the firm has been up to since our last newsletter. Promotions / New Hires: We are excited to announce our recent promotions! Heather Fullagar was promoted to Tax Manager, Adrienne Collins to Audit Manager, and Andrew Olson to Senior Tax Associate. ...
