blog | Bowman & Company, LLP

New PPP Loan Forgiveness Applications Released

Posted by NJCPA on Jul 8, 2020 12:40:26 PM
New PPP Loan Forgiveness Applications Released

On June 17th, the U.S. Small Business Administration (SBA), in consultation with the Department of the Treasury, posted a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act of 2020, signed into law by President Trump on June 5, 2020.  

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Topics: Government Entities, Not-for-Profits, For-Profit Entities, Funeral Homes, Construction, Professional Services, Healthcare, #COVID-19News

Bowman & Company LLP Promotes Two to Senior Manager

Posted by Bowman & Company LLP on Jul 1, 2020 10:02:03 AM
Bowman & Company LLP Promotes Two to Senior Manager

Voorhees, NJ, July 1, 2020 – Accounting and management consultants Bowman & Company LLP is pleased to announce the promotion of two valued colleagues:

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Bowman Partners Continuing to Serve the Accounting Profession

Posted by Bowman & Company LLP on Jun 23, 2020 8:30:00 AM
Bowman Partners Continuing to Serve the Accounting Profession

It is with great honor that we wish to recognize the accomplishments of members of our team for their involvement with the New Jersey Society of Certified Public Accountants (NJCPA).

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CARES Act Provides 4 Possible Reasons to File an Amended Return

Posted by Bowman & Company LLP on Jun 15, 2020 9:48:00 AM
CARES Act Provides 4 Possible Reasons to File an Amended Return

The $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act delivers good news to individuals and businesses, including valuable tax-relief measures. Some of that tax relief is retroactive. These provisions can affect 2018 and 2019 returns that have already been filed. One retroactive provision can, in some cases, go all the way back to 2013. Some taxpayers that file amended returns may receive a tax refund from prior years.

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Topics: Government Entities, Not-for-Profits, For-Profit Entities, Funeral Homes, Healthcare, Federal Services, #COVID-19News

Prepare for a Post-COVID-19 Business Sea Change

Posted by Bowman & Company LLP on Jun 12, 2020 9:45:00 AM
Prepare for a Post-COVID-19 Business Sea Change

The United States-Mexico-Canada Agreement (USMCA) will take effect on July 1, 2020. President Trump has hailed the new North American trade treaty as a "colossal victory" for Americans. Whether the impact is worthy of superlatives will vary by industry sector and geography. Here's what U.S. business owners should know.

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Topics: Government Entities, For-Profit Entities, Construction, #COVID-19News

Working from Home? Make the Most of the Opportunity

Posted by Bowman & Company LLP on Jun 10, 2020 12:27:54 PM
Working from Home? Make the Most of the Opportunity

Have you been working from home to comply with the social distancing measures related to the novel coronavirus (COVID-19) pandemic? Or perhaps your employer has closed the office and is requiring you to work from home.

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Topics: Government Entities, Not-for-Profits, For-Profit Entities, Funeral Homes, Professional Services, Healthcare, Federal Services

Bowman Nominated as a Healthiest Employers Finalist by the Philadelphia Business Journal

Posted by Bowman & Company LLP on Jun 8, 2020 2:42:02 PM
Bowman Nominated as a Healthiest Employers Finalist by the Philadelphia Business Journal

On an annual basis, the Philadelphia Business Journal partners with the Healthiest Employers to recognize firms in the Greater Philadelphia area that are going above and beyond to create healthy work environments. Bowman & Company LLP is proud to announce that we have been recognized as a finalist. 

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How to Plan for a PPP Audit

Posted by Bowman & Company LLP on Jun 8, 2020 10:15:00 AM
How to Plan for a PPP Audit

The Small Business Administrator Jovita Carranza and U.S. Treasury Secretary Steven Mnuchin recently announced that recipients of Paycheck Protection Program (PPP) loans of $2 million or more should expect an audit if they apply for loan forgiveness. Here are some tips to position your small business or not-for-profit organization to receive the maximum allowable forgiveness, as well as to prepare for the subsequent government audit.

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Topics: Government Entities, Not-for-Profits, For-Profit Entities, Funeral Homes, Construction, Professional Services, Healthcare, #COVID-19News

Reminder: Three New Tax Credits Are Available to Many Businesses Hit by COVID-19

Posted by NJCPA on Jun 5, 2020 12:01:55 PM
Reminder: Three New Tax Credits Are Available to Many Businesses Hit by COVID-19

The IRS today reminds employers affected by COVID-19 about three important new credits available to them.

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Topics: Not-for-Profits, For-Profit Entities, Funeral Homes, Construction, Healthcare, #COVID-19News

A Letter from the NJCPA about Racial Injustice in America

Posted by NJCPA on Jun 4, 2020 1:31:39 PM
A Letter from the NJCPA about Racial Injustice in America

Like many, we are deeply troubled by the death of George Floyd. People are right to be upset about this senseless injustice, and we must confront the truth that African Americans and other communities of color live with feelings of anger, frustration and fear over systemic racism on a daily basis.

It is profoundly disturbing when some peaceful protests turn violent and are marred by looting and vandalism. Violence should be condemned and is, in fact, not a solution. But we cannot lose sight of the larger picture — we need things to change, and we need them to change now.

We need tangible commitments from our nation’s leaders to address racial inequalities once and for all, but every one of us needs to do the work, to identify, challenge and change the values, structures and behaviors that perpetuate systemic racism. We encourage you to find ways to embrace this mission, not only in the workplace, but in your local communities if possible. Valuing those with different backgrounds and continuously fostering a spirit of inclusiveness starts with each of us.

The NJCPA’s purpose includes elevating the accounting profession and helping our members to create positive impact through their work. Today and every day, we stand together with our employees, members, partners and friends in the fight against racism, injustice and inequity. Together, we must build a more just and equitable society.

This year has certainly presented its share of challenges, but we are encouraged by the good that exists in so many people. In the words of Martin Luther King, Jr., “The time is always right to do what is right.” We encourage you to continue to focus on doing what is right for your community and each other.

As always, be safe and stay well.

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