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).
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 [...]
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 [...]
On Wednesday April 26, 2017, Senior Accountant Colin Fricke, CPA, gave a presentation on Budgeting [...]
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 [...]
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 [...]
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.
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 [...]
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 [...]
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).