blog | Bowman & Company, LLP | Funeral Homes

Reminder: Three New Tax Credits Are Available to Many Businesses Hit by COVID-19

Posted by NJCPA on Jun 5, 2020 12:01:55 PM
Reminder: Three New Tax Credits Are Available to Many Businesses Hit by COVID-19

The IRS today reminds employers affected by COVID-19 about three important new credits available to them.

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

Applications for NJEDA Small Business Emergency Assistance Loan Program to Open April 13

Posted by NJCPA on Apr 8, 2020 10:00:00 AM
Applications for NJEDA Small Business Emergency Assistance Loan Program to Open April 13

The New Jersey Economic Development Authority (NJEDA) will launch the application for its Small Business Emergency Assistance Loan Program on Monday, April 13, at 9 a.m. A link to the program application will be posted on the State’s COVID-19 Business Information Hub. To provide business owners the opportunity to prepare to apply for the loan, a PDF version of the application will be available on Monday, April 6. The loan program is part of a package of initiatives announced last week to support businesses and workers facing economic hardship due to the outbreak of the novel coronavirus COVID-19.

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

Breaking Down the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act")

Posted by Bowman & Company LLP on Mar 30, 2020 3:18:30 PM
Breaking Down the Coronavirus Aid, Relief, and Economic Security Act (

The coronavirus (COVID-19) pandemic has already had widespread effects on the U.S. economy. Demand for many goods and services has stalled, unemployment claims have reached record highs, and many academic institutions and businesses are operating online — if at all. Life has changed dramatically across the country.

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

Tips for Securing Internet of Things (IoT) Devices

Posted by Michael Thilker, CPA, CITP, Senior Manager on Jan 14, 2020 2:59:40 PM
Tips for Securing Internet of Things (IoT) Devices

Internet-connected devices or Internet of Things (IoT) devices are popular holiday gifts. Now that the holidays are over, our shiny new tablets, phones, smart TVs, watches, and toys are providing hours of entertainment. Before the boxes and instruction manuals are long gone, it is the perfect time to make sure they are secure! These devices usually require personal and/or financial information to complete setup, which includes sending that information over the internet. Without thinking about it, we put in a credit card number or create a password in our haste to play with our new toy or satisfy an impatient child. Security of this sensitive information now resides with the manufacturer or service provider who is charged with keeping it safe from a cyberattack. Attacks and breaches happen every day and are frequently in the news.

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

In Memoriam - Thomas P. Duffy: 1929 - 2020

Posted by Bowman & Company LLP on Jan 10, 2020 2:37:11 PM
In Memoriam - Thomas P. Duffy: 1929 - 2020

Bowman & Company LLP extends its heartfelt condolences on the passing of our retired Partner, Thomas P. Duffy.

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

Tips for Keeping your Funeral Home's Finances in Order

Posted by Megan Dovie, CPA, Manager on Aug 13, 2019 11:00:00 AM
Tips for Keeping your Funeral Home's Finances in Order

Good financial management is critical to running a successful funeral home. Here are some quick tips to help ensure you're operating at your best:

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Topics: Funeral Homes

Update on the New Business Interest Expense Limitation

Posted by Bowman & Company LLP on Aug 2, 2019 11:45:00 AM
Update on the New Business Interest Expense Limitation

The Tax Cuts and Jobs Act (TCJA) imposes a new limitation on deductions for business interest expense. The IRS recently issued guidance in the form of proposed regulations. The business interest expense limitation is a permanent change for tax years that began in 2018. Thankfully, many businesses are unaffected. Here's what you need to know.

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Topics: For-Profit Entities, Funeral Homes, Construction, Professional Services, Healthcare

Decoding "Qualified Business Income" for Flow-Through Entities

Posted by Thomas J. Kleinhans, CPA on Jul 31, 2019 10:00:00 AM
Decoding

For the first time since the Reagan Administration, the U.S. Government has implemented a tremendous shift to the tax code creating major adjustments that have affected millions of taxpayers. To name a few changes, the child tax credit and threshold have increased, the standard deduction has doubled, and the state and local tax deduction has been limited for many taxpayers. Among the significant adjustments to the tax code includes a qualified business income (QBI) deduction for business owners of a flow-through entity. Flow-through entities include LLCs, sole-proprietorships, partnerships, s-corporations, and more. This article will describe the composition of the deduction and who was able to benefit the most from the deduction in 2018 and for years to come.

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Topics: For-Profit Entities, Funeral Homes, Construction, Healthcare

Retired Bowman Partner Honored by AICPA

Posted by Bowman & Company LLP on Jul 29, 2019 4:15:26 PM
Retired Bowman Partner Honored by AICPA

We are proud to announce that retired Bowman & Company LLP Partner John "Jack" F. Dailey Jr., CPA, was presented with the American Institute of Certified Public Accountants' (AICPA's) Special Recognition Award for his influence, commitment, and length of service to the CPA profession.

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

Financial Tips for Newly Married Couples

Posted by Bowman & Company LLP on Jul 16, 2019 10:35:00 AM
Financial Tips for Newly Married Couples

In the United States, June marks the start of a peak wedding season that runs through the early fall. All across the country happy couples are discussing their seating charts, selecting a song for their first dance and planning their honeymoons. But there is one conversation that they cannot afford to forget – how they will manage their finances once they become legally married. As the big day approaches, here are some tips to make sure money issues don’t get in the way of happily ever after.

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