The Bowman Blog

Bowman & Company LLP has an 84-year history of success, and we're still looking towards the future in everything we do; but the accomplishments we reach today, tomorrow, and beyond are only possible because of the legacy of many talented & dedicated professionals of the past. To quote Sir Isaac Newton, "if I have seen further, it is by standing on the shoulders of giants". By acknowledging and appreciating those that have shaped us into who we are today, we can realize the importance of giving to others. To honor the legacies of former Partners Lisa A. Donahue & Jack Dailey, Bowman & Company LLP has established scholarship funds for accounting students in the region. By partnering with the New Jersey Society of Certified Public Accountants (NJCPA) Scholarship Fund, Bowman hopes to change the lives of these young adults for the better.

On Thursday April 20th, Bowman Senior Manager Michael Thilker and the South Jersey Honor Flight program made headlines for another successful event for veterans of the US armed forces. The organized effort between South Jersey Honor Flight and Williamstown High School's students & faculty allowed 100 veterans to have an unforgettable experience. Multiple local media outlets, including ABC News (Channel 6) and CBS News (Channel 3), documented the heartwarming display of volunteerism & appreciation for their respective television audiences.

Even if you are not invested in cryptocurrency or understand the technology behind it, you may have noticed a growing number of crypto companies advertising in entertainment & media in the past few years. The presence of crypto in the modern economy grows with each day that passes. From digital currencies such as Bitcoin to Non-Fungible Tokens (NFTs), people are looking to diversify investments digitally. Ever since cryptocurrency emerged into the public consciousness, regulation of the industry has been playing "catch-up" to the fast-paced, volatile nature of the industry. The IRS has recently indicated in a chief counsel advice memorandum that that a taxpayer must submit a qualified appraisal to substantiate the fair market value (FMV) of donated cryptocurrency exceeding $5,000 and may not rely on the value listed on a cryptocurrency exchange.

If you've passed our Voorhees office in the evening recently, you may have noticed a slight change in decoration. All month, there have been red lights illuminating the sides of the building. While the color red in February is a symbol of Valentine's Day, it also represents American Heart Month. This year marks the 57th nationally recognized Heart Month, since it was officially proclaimed by Lyndon B. Johnson in 1964. At Bowman, we take education on health seriously, and we want our community to know the facts on heart health as well!

Everyone has a different idea of what the holidays are supposed to look like. We all have traditions and customs that make this time of year special. No matter what holiday you celebrate or who you share your time with, there's a way for everyone to enjoy the holiday season. One thing that we all have in common, however, is the opportunity to share. We share food around the dinner table, presents, stories with our loved ones, our time & service, and anything else we might find value in. Being in a position to give to others is a privilege, and is a rewarding aspect of life that Bowman encourages. That's why this year, Bowman has partnered with multiple organizations to better our community.

Veterans Day gives us the opportunity to truly celebrate those we appreciate while they are still among us. That's an opportunity that we often forget to take in life. Veterans are a living, breathing history of this country and represent the meaning of dedication & service to its fullest extent. Veterans can teach us all a lesson in believing in something larger than ourselves; you always have an opportunity to uphold common values, perform service on another's behalf, and fight for a brighter future. Bowman & Company LLP strongly supports veterans, as well as those that go above and beyond to recognize their service.

Accounting and management consultants Bowman & Company LLP is announcing our expansion into Haddonfield! As of November 1, 2022, Ragone Lacatena Fairchild & Beppel, PC will join Bowman & Company LLP. With this strategic addition, Bowman will be expanding both our commercial services as well as adding a Haddonfield office location. The new Bowman office is located at the previous site of RLFB at 76 E. Euclid Avenue #200, Haddonfield, NJ, 08033.

Throughout the COVID-19 pandemic, organizations received many different kinds of government assistance. The Paycheck Protection Program (PPP), Provider Relief Fund (PRF), Employee Retention Credit (ERC), and COVID-19 Economic Injury Disaster Loans (EIDL), to name a few. These funds were crucial to helping minimize the impact of business interruptions from COVID. Since each type of assistance had its own rules and regulations, ensuring compliance with each can be difficult.

Bowman & Company LLP Senior Manager Michael Thilker traveled with SJ Honor Flight to Washington D.C. on April 21st. The SJ Honor Flight network is a non-profit organization for veteran support. Mr. Thilker - pictured here with Vietnam veteran Preston Sharp - has been involved in SJ Honor Flight for over seven years.

Now that we have made it through the initial impact of the COVID-19 pandemic, navigating the aftermath continues to prove to be a challenge. The Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), established the Provider Relief Fund (PRF), which was used to provide aide to health care entities with increased expenses or lost revenue attributable to Coronavirus Disease 2019 (COVID-19).