blog | Bowman & Company, LLP

Pennsylvania Governor Tom Wolf Signs PPP Loan Forgiveness Measure

Posted by PICPA on Feb 10, 2021 11:50:35 AM
Pennsylvania Governor Tom Wolf Signs PPP Loan Forgiveness Measure

The PICPA won a major legislative victory when state lawmakers added a provision addressing Paycheck Protection Program (PPP) loan forgiveness to legislation providing COVID-19 relief to Pennsylvania small businesses. Senate Bill 109 was approved unanimously by the state House and Senate and signed by Gov. Tom Wolf. It is now Act 1 of 2021.

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

New Jersey Follows Federal Lead on Taxability of PPP Loans

Posted by NJCPA on Feb 10, 2021 10:08:40 AM
New Jersey Follows Federal Lead on Taxability of PPP Loans

Yesterday, New Jersey Governor Phil Murphy and  State Treasurer Elizabeth Maher Muoio announced that New Jersey will follow the federal government's lead in making PPP loans tax exempt at the state level and allowing recipients to deduct business expenses that were paid with the loan proceeds.

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Topics: Government Entities, Not-for-Profits, For-Profit Entities, Funeral Homes, Construction, Professional Services, Federal Services, #COVID-19News

Bowman Selected to Cosponsor the AICPA’s George Willie Scholarship Program

Posted by Bowman & Company LLP on Feb 9, 2021 8:15:00 AM
Bowman Selected to Cosponsor the AICPA’s George Willie Scholarship Program

Bowman & Company LLP is excited to announce that we have been chosen to cosponsor the American Institute of Certified Public Accountants’ (AICPA) Companies Practice Section (PCPS) George Willie Ethnically Diverse Student Scholarship and Internship program. Bowman is one of ten accounting firms across the nation that will be hosting an internship for a selected accounting collegiate student.

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Topics: #DiversityandInclusion

PPP Application Forms Will Be Released Today

Posted by AICPA on Jan 11, 2021 11:16:39 AM
PPP Application Forms Will Be Released Today

The US Small Business Administration and Treasury released borrower loan application forms Friday night for the rebooted Paycheck Protection Program (PPP), which will launch today, January 11, 2021. The application will Initially be available for select lenders and borrowers before a broader opening takes place a few days later.

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Topics: Government Entities, Not-for-Profits, For-Profit Entities, Funeral Homes, Construction, Professional Services, Healthcare, Federal Services, #COVID-19News

Bowman Partner Robert S. Marrone Receives Lifetime Achievement Award

Posted by Bowman & Company LLP on Jan 4, 2021 8:45:00 AM
Bowman Partner Robert S. Marrone Receives Lifetime Achievement Award

Bowman & Company LLP Partner Robert S. Marrone recently received the Born to Shine Roosevelt Lifetime Achievement Award by the March of Dimes.

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Many Tax Provisions Appear in Year-End Coronavirus Relief Bill

Posted by AICPA on Dec 29, 2020 4:09:27 PM
Many Tax Provisions Appear in Year-End Coronavirus Relief Bill

The omnibus spending and coronavirus relief bill passed by Congress includes many tax provisions, including the extension of various expiring provisions, extensions and expansions of certain earlier pandemic tax relief provisions, and much more. The Consolidated Appropriations Act, 2021, H.R. 133, passed both houses of Congress on Dec. 21, and President Donald Trump signed the bill into law on Dec. 27.

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Topics: Government Entities, Not-for-Profits, Funeral Homes, Construction, Professional Services, Healthcare, Federal Services, #COVID-19News

Tax Deductibility for Paycheck Protection Program (PPP) Expenses

Posted by AICPA on Dec 22, 2020 2:16:31 PM
Tax Deductibility for Paycheck Protection Program (PPP) Expenses

The U.S. Senate and House of Representatives overwhelmingly passed a COVID-19 relief bill Monday night that provides $600 stimulus payments to individuals, adds $300 to extended weekly unemployment benefits, and provides more than $300 billion in aid for small businesses. In addition to providing $900 billion in COVID-19 relief, the stimulus bill also specifies that business expenses paid with forgiven Paycheck Protection Program (PPP) loans are tax-deductible.

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2021 Brings Changes to New Jersey's Minimum Wage

Posted by Bowman & Company LLP on Dec 17, 2020 9:00:00 AM
2021 Brings Changes to New Jersey's Minimum Wage

In accordance with New Jersey Bill A-15, the turn of the year will bring significant wage increases across all industries. Effective January 1, 2021, New Jersey’s general minimum wage will increase to $12 per hour.

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

Communication Breakdowns in the Digital Front

Posted by Michael J. Thilker, CPA, CITP & Danielle A. Cloud on Dec 3, 2020 8:45:27 AM
Communication Breakdowns in the Digital Front

After months of coping with the world changing at a rapid pace, discussions with coworkers, clients, and other professionals, the consensus seems to be the same issue: Staying productive and focused.

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

Bowman Congratulates Roebe S. Thompson on Retirement

Posted by Bowman & Company LLP on Nov 30, 2020 8:45:00 AM
Bowman Congratulates Roebe S. Thompson on Retirement

It is with mixed feelings that we announce the retirement of our beloved and respected Senior Manager, Roebe S. Thompson. Since joining Bowman & Company LLP in 1976, Mr. Thompson has diligently worked to make our Firm what it is today.

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