blog | Bowman & Company, LLP

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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Understanding the Newly Proposed Coronavirus Relief Bonds

Posted by Carol A. McAllister, CPA, RMA, Partner on May 20, 2020 8:58:39 AM
Understanding the Newly Proposed Coronavirus Relief Bonds

On Thursday, May 14, the New Jersey Legislature through the Assembly Commerce and Economic Development Committee passed Assembly Bill 3971, which effectively authorizes New Jersey municipalities and counties to issue "coronavirus relief bonds."

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Topics: Government Entities, #COVID-19News

The Dedicated Workforce Behind it All

Posted by Bowman & Company LLP on May 8, 2020 12:29:45 PM
The Dedicated Workforce Behind it All

No one could have predicted how greatly our lives would change in 2020. Living rooms have turned into classrooms, cubicles have been replaced by dining tables, and family pets have evolved into our closest coworkers. This pandemic has transformed almost every aspect of normality for most Americans. However, at Bowman one thing has remained the same: the grit and endurance of our workforce.

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Thanking Our Local Heroes

Posted by Bowman & Company LLP on Apr 27, 2020 9:16:01 AM
Thanking Our Local Heroes

Bowman & Company LLP would like to thank the health professionals, factory operators, grocery store workers, police officers, and all the other essential workers that are keeping our communities running during these extraordinary circumstances.

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Topics: Not-for-Profits, #BowmanGivesBack, #COVID-19News

SOC 2:  Breaking Down the Report

Posted by Michael Thilker, CPA, CITP, Senior Manager on Apr 24, 2020 10:00:00 AM
SOC 2:  Breaking Down the Report

In the previous blogs of this series, several aspects of SOC examinations were explored.  This portion will include an in depth look at the contents of a SOC 2 report.

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Topics: Not-for-Profits, For-Profit Entities, Professional Services, Healthcare, SOC Suite

SOC for Cybersecurity:  Breaking Down the Report

Posted by Michael Thilker, CPA, CITP, Senior Manager on Apr 17, 2020 10:00:00 AM
SOC for Cybersecurity:  Breaking Down the Report

In the previous blogs in this series, several aspects of SOC examinations were explored.  This portion will include an in depth look at the contents of a SOC for Cybersecurity report.

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Topics: Not-for-Profits, For-Profit Entities, Professional Services, Healthcare, SOC Suite

Understanding the Paycheck Protection Program

Posted by Bowman & Company LLP on Apr 16, 2020 10:18:39 AM
Understanding the Paycheck Protection Program

The COVID-19 pandemic has introduced a wide variety of constraints and complications for businesses across the nation and the globe. The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed to help entities recuperate losses and weather through uncertain markets.

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Topics: Speaking Engagements, Not-for-Profits, For-Profit Entities, Construction, Professional Services, Healthcare, #COVID-19News