blog | Bowman & Company, LLP | Professional Services

Crypto Charity: IRS Creates New Regulations on Donation Appraisals

Posted by Bowman & Company LLP on Mar 21, 2023 9:15:00 AM
Crypto Charity: IRS Creates New Regulations on Donation Appraisals

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.

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Topics: Not-for-Profits, Professional Services

New Tax Rebate in NJ Meant to Combat Rising Living Costs

Posted by Megan M. Lodes on Feb 10, 2023 3:00:00 PM
New Tax Rebate in NJ Meant to Combat Rising Living Costs

It isn't just the rising cost of consumer goods that has made life difficult for Americans recently; Housing prices, monthly rent costs, and all costs associated with property have been steadily increasing. In a recent attempt to weather the storm of inflation, the state of New Jersey has introduced a new tax rebate program. The ANCHOR tax relief program (Affordable NJ Communities for Homeowners and Renters) will apply to the primary residence of New Jersey homeowners and should arrive in the form of direct deposit.

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Topics: Professional Services

Ragone Lacatena Fairchild & Beppel PC Joins Bowman & Company LLP

Posted by Bowman & Company LLP on Nov 1, 2022 8:15:00 AM
Ragone Lacatena Fairchild & Beppel PC Joins Bowman & Company LLP

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.

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

Heading Back to School? Act Soon on The NJ State Sales Tax Holiday

Posted by Bowman & Company LLP on Aug 30, 2022 2:29:27 PM
Heading Back to School? Act Soon on The NJ State Sales Tax Holiday

The back-to-school  commercials are unavoidable on TV, but what you might NOT be aware of is the NJ State Sales tax holiday on retail sales which include certain back-to-school supplies.

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Topics: Professional Services

Bowman Partner Receives Ovation Award by NJCPA

Posted by Bowman & Company LLP on Jun 30, 2022 9:15:00 AM
Bowman Partner Receives Ovation Award by NJCPA

Recently, partner Michelle Gasiorowski, CPA, was a recipient of an NJCPA Ovation Award for 2022. This award is granted to those who have made a "substantial impact in accounting" within the region for a multitude of reasons. Ms. Gasiorowski is featured in 2022's "Women to Watch" section of the ovation awards. By clicking this link, you can find her profile listed along with the other winners of the Ovation awards on the NJCPA website. Bowman congratulates all winners in 2022!

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

Bowman Sr. Manager Appears on RVN Television, "It's Your Money"

Posted by Bowman & Company LLP on Apr 15, 2022 11:15:00 AM
Bowman Sr. Manager Appears on RVN Television,

Bowman & Company LLP Senior Manager Nicholas Colanzi appeared on an edition of RVN television's "It's Your Money" on March 16th. The topics discussed in this appearance include the nature of his accounting & tax work here at Bowman, as well as current tax topics in the field of finance today.

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Topics: Speaking Engagements, For-Profit Entities, Funeral Homes, Professional Services

Bowman Named A Top Key Player in SOC Reporting by Digital Journal

Posted by Bowman & Company LLP on Mar 21, 2022 11:15:00 AM
Bowman Named A Top Key Player in SOC Reporting by Digital Journal

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".

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

BOWMAN PARTNER LISTED IN SOUTH JERSEY BIZ' "WOMEN TO WATCH" 2022 EDITION

Posted by Bowman & Company LLP on Mar 3, 2022 2:04:00 PM
BOWMAN PARTNER LISTED IN SOUTH JERSEY BIZ'

Bowman is proud to announce that partner Michelle Gasiorowski has been listed in South Jersey Biz' latest edition of "Women to Watch". This annual publication celebrates women who are "trailblazers, mentors, [and] influencers" in the South Jersey business landscape across all industries and practices of business.

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

BOWMAN REJOINS BDO ALLIANCE USA

Posted by Bowman & Company LLP on Feb 10, 2022 12:13:50 PM
BOWMAN REJOINS BDO ALLIANCE USA

Bowman & Company LLP is proud to announce that we have rejoined the BDO Alliance USA as a member firm.

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

Use Business Intelligence to Make Profitable Decisions

Posted by Bowman & Company LLP on Jan 28, 2022 11:15:00 AM
Use Business Intelligence to Make Profitable Decisions

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:

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