Courtney Murphy Joins as Senior Manager
Blackman & Sloop, CPAs, P.A. is pleased to announce the addition of Courtney Murphy, CPA, to their professional team. Murphy joins the firm as a senior manager for the Business…
It’s Not Too Late for an IRA Contribution
Most of the time an expense that may be tax deductible needs to be paid by the end of the year for which the expense will be claimed. However, there…
Don’t Ignore Household Employee Payroll Tax Rules
If you hire a domestic worker to provide services in or around your home, you probably have a tax liability that you don’t know about – or one that you…
George Willie Ethnically Diverse Program Now Open for Applications
The American Institute of CPAs® (AICPA®) is now accepting applications for the Private Companies Practice Section (PCPS) George Willie Ethnically Diverse Student Internship and Scholarship program. The George Willie program provides a…
Haven’t Filed Tax Returns for Multiple Years? Here’s What You Need to Do Next
You’d be hard-pressed to find someone who actually enjoys the process of filing taxes. Having said that, it’s absolutely something that you’re supposed to do like clockwork every single year….
Are You Worried You Won’t Have Enough Money Saved for Retirement?
All of us dream of one day being able to retire – to finally be able to relax and enjoy the lifestyle we worked so hard for. However, you’ll need…
Are You an S Corporation Stockholder? Are You Taking Reasonable Compensation in the Form of Wages?
S corporation compensation requirements are often misunderstood and abused by owner-shareholders. An S corporation is a type of business structure in which the business does not pay income tax at…
Be On the Outlook for Tax Reporting Forms
With tax season upon us, documents reporting income, sales and other items needed for your 2022 tax return should have arrived or will be arriving soon. Be on the lookout…
What You Need to Know About Converting an S Corp to a C Corp
The type of business that you’re running has major implications in virtually all areas of your operations, especially when it comes to federal taxes. An S Corporation (or S Corp…
Married? Know Your Filing Options
Married taxpayers generally have the option to file a joint tax return or separate returns, a filing status commonly referred to as married filing separate (MFS). If you are married…