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…
President Biden Signs Inflation Reduction Act into Law
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…
Don’t Overlook Your Charitable Contributions
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…
Will Your Planned Retirement Income Be Enough after Taxes?
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…
Blackman & Sloop Announces New Senior Audit Associate
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…
Divorce and Taxes – What Are the Implications?
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…
Does Your Small Business Have the Right Tech Tools for the Future?
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…
Changes to Bonus Depreciation Rules
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 Welcomes Sarah Benoist
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….
Blackman & Sloop Announces New Partner
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…