blog | Bowman & Company, LLP | Government Entities

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

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

Bowman & Company LLP Elects Stefanie J. DeSantis to Partner

Posted by Bowman & Company LLP on Jul 19, 2021 10:54:40 AM
Bowman & Company LLP Elects Stefanie J. DeSantis to Partner

Bowman & Company LLP is pleased to announce the election of Stefanie J. DeSantis, CPA, RMA, PSA, CGMA to Partner, effective July 1, 2021.

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Topics: Government Entities, Not-for-Profits, Press Releases, For-Profit Entities, Events

Bowman & Company LLP Elects Jennifer L. Bertino to Partner

Posted by Bowman & Company LLP on Jul 19, 2021 10:54:36 AM
Bowman & Company LLP Elects Jennifer L. Bertino to Partner

Bowman & Company LLP is pleased to announce the election of Jennifer L. Bertino, CPA, RMA, PSA to Partner, effective July 1, 2021.

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Topics: Government Entities, Not-for-Profits, For-Profit Entities, Events

The NJCPA Honors Retired Partner John Dailey with the 2021 Lifetime Leader Award

Posted by Bowman & Company LLP on Jul 9, 2021 8:30:00 AM
The NJCPA Honors Retired Partner John Dailey with the 2021 Lifetime Leader Award

This June, retired Bowman partner and consultant John "Jack" F. Dailey, Jr. received the New Jersey Society of Public Accountants' (NJCPA) 2021 Lifetime Leader award.

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Topics: Speaking Engagements, Government Entities, Events

Governments Can Win the War on Fraud: Accounts Payable

Posted by Maryann Holloway, CPA, RMA, PSA & Domonic A. Furfari on Jun 7, 2021 12:17:43 PM
Governments Can Win the War on Fraud: Accounts Payable

In our introduction to 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 will continue the discussion by highlighting areas in which every government should apply this framework.

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Topics: Government Entities, Federal Services

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