blog | Bowman & Company, LLP

How Tax Reform Affects Tax Planning for C Corporations

Posted by Bowman & Co on Aug 17, 2018 11:00:00 AM
How Tax Reform Affects Tax Planning for C Corporations

One of the biggest changes under the Tax Cuts and Jobs Act (TCJA) is the permanent installation of a flat 21% federal income tax rate for C corporations for tax years beginning after 2017. The new 21% rate applies equally to personal service corporations (PSCs). (Under prior law, PSCs were taxed more heavily than other C corporations.)

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Bowman Employees Continue Community Service With Habitat for Humanity

Posted by Maryann Holloway, CPA, RMA, PSA, Senior Manager on Aug 16, 2018 2:45:06 PM
Bowman Employees Continue Community Service With Habitat for Humanity

The morning started sunny and 80 degrees; however, the temperature would rise to nearly 90 degrees before the day was over. This potentially humid day did not prevent ten volunteers from the management and staff of Bowman & Company LLP from gathering in Burlington, New Jersey, the location of a current housing project for Habitat for Humanity. These volunteers were Jennifer Buccieri, Sarah Donahue, Lauren Granate, Janice Grassia, Maryann Holloway, Stephen Morano, Mitchell Peiffer, Kelly Roche, John Ryan and Kaleigh Sawers.

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Topics: Not-for-Profits, Events, #BowmanGivesBack, Construction

Not-for-Profits Should Avoid These Fundraising Mistakes

Posted by Glen J. Walton, CPA, Partner on Aug 15, 2018 8:59:58 AM
Not-for-Profits Should Avoid These Fundraising Mistakes

We understand that as a nonprofit, you want and need to receive donations in order to thrive. Going about asking for donations the right way will help you the most in the long run. Here are some common fundraising errors and how you can avoid them:

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Topics: Not-for-Profits

Bowman Participates in NJCPA Kickball Tournament

Posted by Bowman & Co on Aug 13, 2018 4:43:54 PM
Bowman Participates in NJCPA Kickball Tournament

In July, 2018, Bowman & Company LLP had twelve employees participate at the 8th Annual Emerging Leaders Kickball Tournament sponsored by the New Jersey Society of Certified Public Accountants.

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Topics: Events, #BowmanGivesBack

The ABCs of Higher Education Tax Breaks

Posted by Bowman & Co on Jul 27, 2018 11:00:00 AM
The ABCs of Higher Education Tax Breaks

The Tax Cuts and Jobs Act (TCJA) includes many changes that affect individual taxpayers. But, in terms of tax breaks for higher education, the new tax law generally maintains the status quo, with a few minor tweaks here and there. Here's the rundown on education-related tax breaks for 2018 and beyond.

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Topics: Government Entities, For-Profit Entities, Funeral Homes, Construction

Funeral Home Pricing Strategies that can Turn Families into Customers

Posted by Nicholas Colanzi on Jul 26, 2018 11:00:00 AM
Funeral Home Pricing Strategies that can Turn Families into Customers

If potential customers were researching your funeral home and wanted to know what funeral options were available and what they would cost, would they find pricing presented in an engaging way, or just simply listing prices? Would they be educated on all available options?

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Topics: Funeral Homes

Sick Leave to Become Law in New Jersey This October

Posted by Harry P. Wills III, CPA, CGMA, Partner on Jul 17, 2018 10:00:00 AM
Sick Leave to Become Law in New Jersey This October

If you are an employer in New Jersey, take note. You will now have to provide your employees with paid sick leave, as the state has joined several others in making this a law. There is now one uniform law for paid sick leave throughout the state. Here is what you need to know about the new law:

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Topics: Government Entities, Not-for-Profits, For-Profit Entities, Funeral Homes, Construction

IRS Encourages Taxpayers to Check Withholding

Posted by Bowman & Co on Jul 13, 2018 11:00:00 AM
IRS Encourages Taxpayers to Check Withholding

Are you having enough money withheld from your regular paychecks? The Tax Cuts and Jobs Act (TCJA) has made several significant changes to the tax rules for individuals for 2018 through 2025. As a result, many taxpayers who previously itemized deductions are expected to claim the standard deduction, starting in 2018.

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Topics: For-Profit Entities, Funeral Homes, Construction

Sales Tax Okayed for Out-of-State Sellers, Court Says

Posted by Harry P. Wills III, CPA, CGMA, Partner on Jul 10, 2018 10:00:00 AM
Sales Tax Okayed for Out-of-State Sellers, Court Says

Many businesses have historically enjoyed the privilege of avoiding collecting sales tax on sales in states in which they don’t have a physical presence.  Due to a recent Supreme Court decision, that’s all about to change, and you should prepare for the impact this will have on your operations and finances. Sellers will no longer need to have a physical presence in a state before imposing sales or use taxes.

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Topics: For-Profit Entities, Funeral Homes, Construction

Tax Reform: What's Changing for Individuals?

Posted by Bowman & Co on Jul 6, 2018 11:00:00 AM
Tax Reform: What's Changing for Individuals?

The Tax Cut and Jobs Act makes sweeping changes to the tax rules for individuals.  But some of the new provisions won't necessarily be relevant to your situation. Here's a quick reference guide to the major issues under the new law to help you understand what's changing.

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Topics: Government Entities, Not-for-Profits, For-Profit Entities, Funeral Homes, Construction