blog | Bowman & Company, LLP

It’s Not too Early to Start Organizing Your 2021 Taxes

Posted by Funeral Service Insider: Kates-Boylston Publications on Nov 22, 2021 9:51:37 AM
It’s Not too Early to Start Organizing Your 2021 Taxes

As we start to see Christmas commercials on TV and decorations already available in stores, it won’t be long until we’re finished with 2021 and moving onto 2022. For funeral home owners, it’s always a good time to think about your taxes and start making sure everything is in order before the end of the year.

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The Funding Has Arrived – Now What? Internal Control Guidance Over Coronavirus State and Local Recovery Funds

Posted by Amy R. Neimeister, CPA, RMA, PSA on Oct 12, 2021 8:30:00 AM
The Funding Has Arrived – Now What? Internal Control Guidance Over Coronavirus State and Local Recovery Funds

Beginning in 2021, and continuing through 2024, various local government entities (LGEs) have been given the opportunity to receive funding from the Coronavirus Local Fiscal Recovery Fund. This relief fund was created by the American Rescue Plan Act of 2021 (ARP) in order help local governments mitigate the financial impacts of the COVID-19 pandemic. This funding was intended to help LGEs strengthen COVID-19 response efforts, replace lost revenue, provide stability for residents and local businesses, and ensure the systemic equality of public health resources and economic opportunities.

With such grant funding comes the responsibility to ensure that the LGE is spending the funds appropriately. Local governments that receive relief will need to adhere to the U.S. Department of Treasury’s funding objectives. Implementing proper internal controls over the grant funds is vital, as spending federal monies without such controls puts LGEs at risk of losing or having to return funds to the federal government. The table below illustrates examples of strong internal control policies and procedures that LGEs should consider implementing before spending the grant funds:

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Topics: Government Entities, Federal Services, #COVID-19News

Celebrating National Hispanic-Latinx Heritage Month

Posted by Bowman & Company LLP on Oct 4, 2021 8:23:14 AM
Celebrating National Hispanic-Latinx Heritage Month

National Hispanic-Latinx Heritage Month is observed from September 15th to October 15th of each year. This 30-day period serves as a time to cherish the histories, traditions, cultures and contributions of American citizens whose ancestors came from Spain, Portugal, Mexico, Central and South America, and the Caribbean.

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Topics: #DiversityandInclusion

Operation Backpack

Posted by Bowman & Company LLP on Sep 22, 2021 9:10:22 AM
Operation Backpack

While we are saying farewell to summer, students across the nation are welcoming a new beginning. To help local students get a head start, Bowman staff participated in Camden City's Operation Backpack. 

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Topics: Not-for-Profits, #BowmanGivesBack

Bowman & Company LLP Promoted Two to Senior Manager

Posted by Bowman & Company LLP on Sep 17, 2021 9:31:48 AM
Bowman & Company LLP Promoted Two to Senior Manager

Voorhees, NJ, July 1, 2020 – Accounting and management consultants Bowman & Company LLP is pleased to announce the promotion of two valued colleagues:

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Governments Can Win In the War on Fraud: Accounts Receivable

Posted by Maryann Holloway, CPA, RMA, PSA & Domonic A. Furfari on Sep 7, 2021 8:30:00 AM
Governments Can Win In the War on Fraud: Accounts Receivable

Previously in this series, we wrote that the war on government fraud starts with the five components of internal control known as the Committee of Sponsoring Organizations (COSO) framework. Internal controls are the foundation every government needs to ensure fraud can be detected and prevented, internally and externally. This article continues the discussion by highlighting another important area in which every government should apply this framework.

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Topics: Government Entities, Federal Services

Bowman to Exhibit at the NJSFDA's 2021 Convention & Expo

Posted by Bowman & Company LLP on Sep 2, 2021 8:30:00 AM
Bowman to Exhibit at the NJSFDA's 2021 Convention & Expo

Bowman & Company LLP is proud to announce that we will be an exhibitor at the New Jersey State Funeral Director Association’s (NJSFDA) 2021 Convention and Expo. This event propels the NJSFDA’s mission to provide comprehensive solutions that support the careers of funeral directors by providing high-value, innovative and educational programming geared specifically toward the funeral industry.

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Topics: Events, Funeral Homes

Understanding The Coronavirus State and Local Fiscal Recovery Funds

Posted by Maryann Holloway, CPA, RMA, PSA, Senior Manager on Aug 31, 2021 8:00:00 AM
Understanding The Coronavirus State and Local Fiscal Recovery Funds

If you are a member of the governing body or management of a New Jersey municipal or county government (local government), chances are you are overwhelmed by the amount of information issued by the State of New Jersey and the Federal Government for the Coronavirus Local Fiscal Recovery Fund (LFRF) provided by the American Rescue Plan Act of 2021 (ARP). In this article, we present an overview of the resources available to recipients of the LFRF. At Bowman & Company LLP, we review the material as it is issued and can be a resource to you as you navigate compliance with the funding.

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Topics: Government Entities, Federal Services, #COVID-19News

Deadline Coming: Follow Up on Your PPP Loans

Posted by Bowman & Company LLP on Aug 16, 2021 9:38:46 AM
Deadline Coming: Follow Up on Your PPP Loans

Payroll Protection Plan (PPP) loans were a lifeline for many small business owners during the worst of the pandemic-driven economic slowdown. In total, the Small Business Administration (SBA) approved nearly 12 million PPP loans, averaging $67,000.

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

What Small Business Need to Know About the $1.8 Trillion American Families Plan

Posted by Bowman & Company LLP on Aug 3, 2021 8:29:25 AM
What Small Business Need to Know About the $1.8 Trillion American Families Plan

Bowman Manager Tommy Kleinhans joined Paul Martin to help individuals and organizations understand the proposed American Families Plan. This episode is a part of Paul Martin’s Crucial Conversations podcast, where he partners with industry experts to help small businesses and healthcare clinics navigate the challenges of changing regulations, industry trends, and stakeholder needs.

MRMA 066 - Crucial Conversations with Tommy Kleinhans 001.001
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Topics: Speaking Engagements, Not-for-Profits, For-Profit Entities, Events, Healthcare, #COVID-19News