blog | Bowman & Company, LLP | Not-for-Profits

Spotlight on M&A: Why Buyers Love Asset Purchase Deals

Posted by Bowman & Co on Dec 13, 2019 10:18:00 AM
Spotlight on M&A: Why Buyers Love Asset Purchase Deals

Are you thinking about buying a business? How you structure the deal will affect the taxes owed by the buyer (you) and the seller (the other party).

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

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 Runs the Bridge

Posted by Bowman & Co on Nov 15, 2019 9:00:00 AM
Bowman Runs the Bridge

On Sunday, November 3rd Bowman & Company LLP participated in the 2019 Cooper Norcross Run the Bridge Event. This event consisted of a 10K run and a 2 mile walk, which both raised funds to support the children of the Larc School. This nonprofit organization provides individualized services in rehabilitation, therapy, and education for children with developmental disabilities. Furthermore, these services are all provided at no cost to the families.

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

What is a "Tax-Exempt Number" and Why do you Need One?

Posted by Maryann Holloway, CPA, RMA, PSA, Senior Manager on Nov 14, 2019 8:28:00 AM
What is a

There are a number of reasons that your organization could be asked to provide a tax-exempt number or other proof that you are actually a charitable entity. These reasons include:

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Topics: Not-for-Profits

New Bankruptcy Relief Coming Soon

Posted by Bowman & Co on Nov 8, 2019 10:00:00 AM
New Bankruptcy Relief Coming Soon

Is your small business struggling to make ends meet? Some relief may be on the way for distressed business owners. The Small Business Reorganization Act of 2019 will make it faster and less expensive to benefit from a Chapter 11 bankruptcy. The legislation was signed into law in August, and it goes into effect on February 19, 2020. Here's what you need to know.

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

Bowman Lends a Helping Hand

Posted by Bowman & Co on Nov 5, 2019 10:49:11 AM
Bowman Lends a Helping Hand

On Wednesday, October 16th, three Bowman team members joined with Bancroft as part of Bowman & Company LLP's volunteerism program. Bancroft is a leading regional nonprofit provider of specialized services for individuals with autism, intellectual and developmental disabilities, and/or need for neurological rehabilitation. 

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

Bowman at Bancroft's One World Run

Posted by Bowman & Co on Oct 28, 2019 9:43:00 AM
Bowman at Bancroft's One World Run

On October 13th, Bowman & Company LLP had the opportunity to participate in Bancroft’s second annual One World Run. Bancroft is one of the largest neurological and disability rehabilitation non-profit organizations in the region. They are dedicated to enhancing the lives of those they serve through a wide range of innovative approaches and specialized services.

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

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