blog | Bowman & Company, LLP

Are You Ready for REAL ID in NJ and PA?

Posted by Robert E. Biddle Jr., Principal on Feb 25, 2019 9:28:31 AM
Are You Ready for REAL ID in NJ and PA?

In New Jersey and Pennsylvania, you may soon need a new form of ID, called REAL ID, to board a flight. While the new IDs will be available starting in March, anyone boarding a domestic commercial flight without a passport or military ID will need to have one starting October 1, 2020.

Read More

Topics: Government Entities, Not-for-Profits, Funeral Homes, Construction, Professional Services

2018 Income Tax Withholdings: Too Much, Too Little or Just Right?

Posted by Bowman & Co on Feb 8, 2019 2:00:00 PM
2018 Income Tax Withholdings: Too Much, Too Little or Just Right?

Did you withhold enough money from your regular paychecks in 2018? If you withheld too little — or, didn't pay enough estimated taxes if you're self-employed — you could have an unpleasant surprise when you file your 2018 return.

Read More

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

Once Again, We've Gone Red To Support The American Heart Association

Posted by Bowman & Co on Jan 31, 2019 3:00:00 PM
Once Again, We've Gone Red To Support The American Heart Association

Bowman & Company LLP is once again proud to support the American Heart Association’s (AHA) National Wear Red Day (February 1, 2019). Millions of Americans all across the country wore red to show their commitment to the fight against heart disease in women. Wear Red Day gives Americans the annual opportunity to get the word out to family and friends and to empower them to take action against heart disease.

Read More

Topics: Events, #BowmanGivesBack

4 Tax Issues to Consider in Retirement

Posted by Bowman & Co on Jan 29, 2019 1:29:00 PM
4 Tax Issues to Consider in Retirement
What do you imagine when you think about retirement? A less stressful life? Time for family, new hobbies and maybe some travel? Taxes? That’s right, even in retirement, many people will still have to pay taxes. 
Read More

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

2018 Tax Payments Fall Short? You May Be Eligible for Penalty Relief

Posted by Bowman & Co on Jan 25, 2019 11:00:00 AM
2018 Tax Payments Fall Short? You May Be Eligible for Penalty Relief

The IRS announced that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.

The IRS is generally waiving the penalty for any taxpayer who paid at least 85% of their total tax liability during the year through federal income tax withholding, quarterly estimated tax payments or a combination of the two. The usual percentage threshold is 90% to avoid a penalty. (IRS Notice 2019-11)

Read More

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

Tax Reform and Your 2018 Tax Return

Posted by Bowman & Co on Jan 24, 2019 1:24:55 PM
Tax Reform and Your 2018 Tax Return

Do you know where things stand with your 2018 taxes? For many taxpayers, the first time they will see the overall impact of some significant provisions of the Tax Cuts and Jobs Act will be in their 2018 tax return. Do you know how the new laws will affect your tax situation and what tax planning issues you need to address in the new year? Here are some questions and answers. 

Read More

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

10 New Year’s Resolutions to Improve Your Personal Financial Position

Posted by Bowman & Co on Jan 11, 2019 11:00:00 AM
10 New Year’s Resolutions to Improve Your Personal Financial Position

Have you ever kept a New Year's resolution for the entire year? Every January, millions of Americans make promises to eat less, exercise more and save for the future. But most resolutions are forgotten by spring.

However, there are ten promises that relate to your financial health that you can't afford to abandon.

Read More

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

Bowman's Team Walks for the American Heart Association

Posted by Bowman & Co on Jan 4, 2019 10:00:00 AM
Bowman's Team Walks for the American Heart Association
On November 10, 2018 at Cooper River Park, Bowman & Company LLP supported the American Heart Associa tion Heart Walk, which promotes fun way to be physically active and make healthier choices every day.  Imagine the impact if we could reduce death and disability from cardiovascular diseases and stroke by 20 percent by 2020.
Read More

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

Picking the Right Retirement Plan (Part One: Understanding ERISA)

Posted by Megan Dovie, CPA, Manager on Jan 3, 2019 2:00:00 PM
Picking the Right Retirement Plan (Part One: Understanding ERISA)

Getting the best employees means giving them the best possible benefit packages. One crucial part of that package is a plan that allows your employees to save for retirement, while you help them by matching part of their contributions.

Read More

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

Bowman Partner Receives Medallion For Distinguished Service To The NJCPA

Posted by Bowman & Co on Jan 3, 2019 11:00:00 AM
Bowman Partner Receives Medallion For Distinguished Service To The NJCPA
On December 21, 2018, Bowman & Company Partner Nina S. Sorelle was honored with a Distinguished Service Medallion for her work with NJCPA's peer review program.  Nina has served on NJ Peer Review Executive Committee for 26 years, including terms as Chair and person responsible for oversight function.
Read More

Topics: Government Entities, Events, #BowmanGivesBack