blog | Bowman & Company, LLP | Government Entities

Taxpayers Should Watch Out for Gift Card Scam

Posted by Bowman & Co on Dec 6, 2019 10:41:54 AM
Taxpayers Should Watch Out for Gift Card Scam

Taxpayers should always be on the lookout for scams. Thieves want to trick people in order to steal their personal information, scam them out of money, or talk them into engaging in questionable behavior with their taxes. Scam attempts can peak during tax season, but taxpayers need to remain vigilant all year.

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

FAQs About Self-Employment Tax

Posted by Bowman & Co on Nov 29, 2019 11:00:00 AM
FAQs About Self-Employment Tax

Do you owe self-employment (SE) tax on non-wage income that you collect only occasionally or in a one-off circumstance? Some sources of income may not be subject to the dreaded SE tax. Here's what you should know if you earn income from "irregular" sources.

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

Reap Tax Rewards from Year-End Harvesting

Posted by Bowman & Co on Nov 22, 2019 10:00:00 AM
Reap Tax Rewards from Year-End Harvesting

The stock market has experienced plenty of ups and downs this year. So some investors are poised to take big gains for 2019, while others are currently showing losses and many have both.

What are the tax consequences if you sell securities? There's no fast answer. But it helps if investors understand the basic rules and plan accordingly at year-end. Here's a brief overview.

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

Bowman Presents at Rowan University

Posted by Bowman & Co on Nov 13, 2019 1:24:53 PM
Bowman Presents at Rowan University

On October 22nd, Bowman & Company LLP joined forces with Rowan University's Accounting Society and Beta Alpha Psi Chapter to host an event for students considering a career in governmental accounting or finance.

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Topics: Speaking Engagements, Government Entities, Events, #BowmanGivesBack

Bowman Presents at Municipal Clerk's Association of Gloucester County

Posted by Bowman & Co on Oct 29, 2019 10:00:00 AM
Bowman Presents at Municipal Clerk's Association of Gloucester County

Bowman & Company LLP recently had the pleasure of presenting at the Municipal Clerk's Association of Gloucester County’s Fall 2019 Mini Conference. This conference was held to promote financial, ethical, electoral, and licensing training and information for Municipal Clerks.

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Topics: Speaking Engagements, Government Entities, Events, #BowmanGivesBack

Year-End Strategies to Reduce AGI

Posted by Bowman & Co on Oct 25, 2019 10:30:00 AM
Year-End Strategies to Reduce AGI

Reducing your current-year adjusted gross income (AGI) is usually a tax-smart idea. Here are ten ways to reduce your AGI (and modified AGI) over the short and long run.

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

Two Education Credits Help Taxpayers with College Costs

Posted by Bowman & Co on Oct 11, 2019 2:00:00 PM
Two Education Credits Help Taxpayers with College Costs

With school back in session, parents and students should look into tax credits that can help with the cost of higher education. They do this by reducing the amount of tax someone owes on their tax return. If the credit reduces tax to less than zero, the taxpayer may get a refund.

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

Stormwater Utilities – Dealing with the High Cost of Flood Management and Water Pollution Control

Posted by Maryann Holloway, CPA, RMA, PSA, Senior Manager on Sep 24, 2019 2:42:23 PM
Stormwater Utilities – Dealing with the High Cost of Flood Management and Water Pollution Control

In June, 2019, New Jersey Governor Murphy declared a state of emergency in the southern part of the state after Burlington, Camden and Gloucester Counties experienced severe weather conditions, including heavy rains and extreme flooding. Bodies of water such as the Rancocas Creek, Big Timber Creek, Pennsauken Creek, Cooper River and Crosswicks Creek were at or above flood stage.  Several roads in the tri-county area had to be closed and there was flooding at the PATCO stations in Camden County. 

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Topics: Government Entities

NJCPA Reminds to Check Tax Withholding Amid IRS Form W-4 Changes

Posted by Bowman & Co on Sep 5, 2019 11:00:00 AM
NJCPA Reminds to Check Tax Withholding Amid IRS Form W-4 Changes

The New Jersey Society of Certified Public Accountants (NJCPA) reminds taxpayers to review their current federal income tax withholding from their paychecks, particularly as the IRS is issuing a new Employee’s Withholding Allowance Certificate (Form W-4). The IRS issued a draft 2020 Form W-4 in May and expects to issue a final version in November.

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

Give Yourself a Mid-Year Financial Check Up

Posted by Bowman & Co on Aug 29, 2019 11:00:00 AM
Give Yourself a Mid-Year Financial Check Up

It may seem like we just rang in the New Year, but 2019 is already half over. You may have set some financial resolutions for the year or have some money goals you wanted to accomplish. By staying on top of your financial situation and reviewing where you stand at least twice a year, you’ll have a better handle on where your money is going. This means that you can refocus your saving and spending on what matters the most to you and understand places where you can cut back.

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