Not All Interest Is Deductible For Taxes

A frequent question that arises when borrowing money is whether or not the interest will be tax deductible. That can be a complicated question, and unfortunately, not all interest an…
A frequent question that arises when borrowing money is whether or not the interest will be tax deductible. That can be a complicated question, and unfortunately, not all interest an…
On August 16, President Biden signed the Inflation Reduction Act (IRA) into law. The enormous bill—clocking in at 725 pages—contains a wide range of provisions and comes with a nearly…
Your charitable contributions include a wide variety of tax-saving opportunities, some you may not be aware of, and some that are frequently overlooked. And there are some contributions that you…
That is an important question because the actual money you have to spend when you retire depends upon the after-tax sources of your retirement income. Thus it is important to…
The local accounting firm of Blackman & Sloop, CPAs, P.A. is pleased to announce the addition of G. Paul Foster II to their professional team. Foster joins the firm as…
This article explains the precautions to take when getting a divorce, and several tax concerns that need to be addressed to ensure that taxes are kept to a minimum and…
This article explains that the current state of the economy and the Covid-19 pandemic has drastically changed the way consumers behave. It’s extremely important for small businesses to capitalize on…
This article explains that bonus depreciation rules have been changed over several years. In 2016 and 2017, under the IRS Revenue Proclamation (Rev. Proc.) 2019-33, Section 5.02 Section – Deemed…
Blackman & Sloop is pleased to announce the addition of Sarah Benoist to our professional team. Benoist joins the firm as an associate and will work in the Audit Department….
The local accounting firm of Blackman & Sloop, CPAs, P.A. is pleased to announce the promotion of Robert Lewis, CPA to partner. Rob has served Blackman & Sloop for more…
1414 Raleigh Road, Suite 300 | Chapel Hill, NC 27517
Phone: 919.942.8700 | Toll Free: 877.854.7530 | Fax: 919.968.4766