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.
Topics: Not-for-Profits, Events
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).
Topics: Not-for-Profits, #COVID-19News
Bowman & Company LLP has recently been named to a list of the top key players of SOC (Service Organization Controls) reporting services market by Digital Journal in an article published on March 17th, 2022. Click here to read the full article, "SOC Reporting Services Market May See a Big Move with Attractive Growth Opportunities, Incredible Possibilities and Growth Analysis and Forecast to 2028".
Bowman & Company LLP is proud to announce that we have rejoined the BDO Alliance USA as a member firm.
As the saying goes, "knowledge is power." To derive valuable knowledge from your company's operating data requires the development of an effective business intelligence (BI) program.
Simply put, BI is a technology-driven process for analyzing data and presenting actionable information to help corporate executives, managers and others make more informed decisions. For example, if you're clear about which customers spend the most money and what they buy, you can develop marketing campaigns and promotions focused on selling to these high-value customers.
Not surprisingly, a well-designed BI program can provide your business with a significant competitive advantage. Consider the following advantages of a BI program:
On Wednesday January 19, 2022 Partner Harry Wills of Bowman & Company LLP presented at the New Jersey Society of Certified Public Accountant's (NJCPA) "Professional Issues Update for CPA Firm Leaders" virtual meeting. Topics of discussion included a New Jersey business and economic update, national issues, legislative outlook, and NJCPA updates.
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.
Topics: Not-for-Profits, #BowmanGivesBack
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.
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.