Bowman's Blog

Sharing Tax Issues in the Sharing Economy

Posted: Jun 16, 2017
Do you provide car rides through a mobile app, rent out your spare room using an online platform or repair computers for local businesses on demand? If so, you may be considered part of the "sharing economy" (also known as the Gig or on-demand economy).

Bowman at the Special Olympics - Track and Field Event

Posted: May 15, 2017
On April 29, 2017 Michael Thilker, CPA (Manager) and Robert Wiacek (Associate) of Bowman & Company LLP attended the Special Olympics, Area 7 Track and Field Event at Rowan University [...]

Financial Survival Tips for Recent College Graduates

Posted: May 12, 2017
Graduation can be one of the most exciting — and intimidating — times in your life. You're officially an adult, and with that new-found independence comes financial responsibilities. No pressure, but the decisions you ma [...]

Senior Accountant Colin Fricke Gives Presentation at Kennedy Health Alliance

Posted: May 11, 2017
On Wednesday April 26, 2017, Senior Accountant Colin Fricke, CPA, gave a presentation on Budgeting [...]

The Ins and Outs of Deducting Legal Expenses

Posted: May 05, 2017
Legal expenses incurred by individuals are typically not currently deductible under the federal income tax rules. Instead, they're most often treated as either personal outlays (which are nondeductible) or as part of the cost of acquiring an asset, such as real est [...]

Robert Marrone and Janice Grassia to Speak at NJASBO Conference

Posted: May 04, 2017
The NJASBO will hold its annual conference on June 7-9, 2017.  Two Bowman & Company LLP team members, Robert Marrone, CPA, RMA, CGMA, Partner and Janice Grassia, CPA, RMA, CFE, Senior Manager will be among the [...]

Senior Accountant Colin Fricke Gives Presentation to White Horse Rotary Club

Posted: May 01, 2017
On Thursday March 23, 2017, Senior Accountant Colin Fricke, CPA, gave a presentation on "Napoleon, Lessons in Leadership" to the White Horse Rotary Club, NJ, Rotary International.

Spring Cleaning: When Can You Purge Your Old Financial Records?

Posted: Apr 28, 2017
Feeling the urge to purge? April 18, 2017, was the deadline for individuals and C corporations to file their federal income tax returns for 2016 (or to file for an extension). Before you clear your filing cabinets of old financial records, however, it's important t [...]

An Update on Home Mortgage Interest Deductions

Posted: Apr 21, 2017
If you own a home with a mortgage, you should receive an IRS form from your lender each year with information that is used to claim an itemized deduction for qualified residence interest. For 2016, that form should include additional information that could trigger [...]

Remember the New FBAR Filing Deadline

Posted: Apr 14, 2017
Do you have an interest in — or authority over — a foreign financial account? If so, the IRS wants you to provide information about the account by filing a form called the "Report of Foreign Bank and Financial Accounts" (FBAR).