The Penny Is Disappearing—And It’s Not Just Trivia At first, it sounds like a fun fact. “The U.S. is phasing out the penny.” Interesting… but irrelevant, right? Not quite. Because this tiny shift—literally one cent—has a ripple effect on: How customers pay How businesses price How money flows through your business And if you...
If your federal tax refund is seriously overdue, it's normal to feel worried — especially if you were counting on that money for bills or other expenses. Before panic sets in, here's a clear, practical guide explaining what may be happening, why a new IRS...
Here is what the firm has been up to since our last newsletter. New Hires: We are pleased to welcome the following team members to Blackman & Sloop: Lee Worrix joined the team as a Senior Tax Associate. Maclain Coords joined the team as a Tax Associate. Chinedu Mazi joined...
Shanita Walker joined Blackman & Sloop in December 2023 as an Administrative Associate, bringing a passion for organization and a genuine appreciation for supporting both clients and colleagues. She was drawn to the firm because of its commitment to the community, its focus on professional...
Most business owners know their revenue. Ask what they did last month?They’ll answer instantly. But ask them this: How long could your business survive without new revenue? What’s your actual margin after delivering your work? What percentage do you truly keep? That’s where the pause happens. Because revenue feels like progress. But these...
"Kiddie Tax" is a term that refers to the tax imposed on the unearned income of children. It was Introduced as part of the Tax Reform Act of 1986. The Reason Behind Kiddie Tax Its primary purpose is to prevent families from exploiting a lower tax rate...
The One Big Beautiful Bill Act (OBBBA) has fundamentally reshaped the tax-advantaged investment landscape by making the Qualified Opportunity Zone (QOZ) program permanent. For taxpayers sitting on significant capital gains in 2026, the strategy for when to sell and reinvest has shifted dramatically. Under the...
Ross Stremme II joined Blackman & Sloop in September 2024 as an Assurance Senior Manager and has quickly made an impact across the firm. From his first interactions, Ross felt a genuine connection to the team, noting how welcoming and thoughtful everyone was throughout the...
Here is what the firm has been up to since our last newsletter.New Hires:We are pleased to welcome two new team members to Blackman & Sloop:Scott Grogan joined the team as an Audit Manager.Maclain Coords joined the team as a Tax Associate.We are glad to...
As you are no doubt aware, the IRS has made a significant shift in its approach to issuing tax refunds by discontinuing the practice of sending refunds via paper checks. This change is part of an ongoing effort to enhance efficiency and security in processing...
