blog | Bowman & Company, LLP | Funeral Homes

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

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

The PPP Deadline Extension has been Signed into Law

Posted by AICPA on Apr 1, 2021 3:17:00 PM
The PPP Deadline Extension has been Signed into Law

The Paycheck Protection Program (PPP) application deadline formally changed from March 31 to May 31 on Tuesday, March 30, 2021, when President Joe Biden signed the extension into law.

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

1040 Tax Filing & Payment Deadlines You Need to Know

Posted by AICPA on Apr 1, 2021 11:50:49 AM
1040 Tax Filing & Payment Deadlines You Need to Know

On March 17, the Internal Revenue Service (IRS) announced the deadline for individuals to file federal taxes would be extended from April 15 to May 17, 2021 (Notice 2021-21). This week, the IRS issued additional guidance on its postponement of the tax deadline for individuals. Like the news release before it, this most recent notice does not extend the April 15 due date for estimated tax payments. To ensure our clients do not miss the deadline for estimated tax payments, we encourage the early submission and preparation of tax returns.

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

American Rescue Plan Act: Breaking Down the Latest Relief Bill

Posted by AICPA on Mar 12, 2021 9:31:11 AM
American Rescue Plan Act: Breaking Down the Latest Relief Bill

Yesterday, President Joe Biden signed the American Rescue Plan Act into law. This legislation, also known as H.R. 1319, was first passed by the House on February 27. The Senate made several amendments and passed its version of the bill on March 6. The bill then came back to the House for a final vote on Wednesday and was subsequently signed into effect on March 11.

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

House Gives Final Approval to $1.9 Trillion Pandemic Aid Bill

Posted by Bowman & Company LLP on Mar 11, 2021 1:51:17 PM
House Gives Final Approval to $1.9 Trillion Pandemic Aid Bill

The House of Representatives voted 220–211 Wednesday to approve the Senate version of a $1.9 trillion coronavirus relief bill, which President Joe Biden is expected to sign into law.

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

IRS Issues Employee Retention Credit Guidance

Posted by AICPA on Mar 4, 2021 2:03:59 PM
IRS Issues Employee Retention Credit Guidance

In Notice 2021-20, the IRS issued detailed guidance for employers claiming the employee retention credit for calendar quarters in 2020. The credit was created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L 116-136, and amended by the Consolidated Appropriations Act, 2021, P.L 116-260. The IRS says the guidance in the notice is similar to the information it posted in FAQs last year, but the notice clarifies and describes retroactive changes under the new law that apply to 2020, primarily relating to expanded eligibility for the credit for taxpayers who took Paycheck Protection Program (PPP) loans. The AICPA requested authoritative guidance on the 2020 and 2021 employee retention credits from the IRS in a comment letter sent on Feb. 25.

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Topics: Government Entities, Not-for-Profits, Press Releases, For-Profit Entities, Funeral Homes, Construction, Healthcare, #COVID-19News

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

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