New notice from the IRS provides guidance for employers wishing to defer withholding and payment of certain payroll taxes for qualifying employee wages.
THE BOWMAN BLOG
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Beware of a 100% Personal Liability Penalty
by Bowman & Company LLP | Aug 4, 2020 | Construction, For-Profit Entities, Funeral Homes, Government Entities, Healthcare, Not-for-Profits, Professional Services
A “100% penalty” can be assessed against a responsible person when federal income tax and/or federal employment taxes are withheld from employee pay…
PPP Loans: What You Need to Know About the Latest Changes
by Bowman & Company LLP | Jul 27, 2020 | #COVID-19News, Construction, For-Profit Entities, Funeral Homes, Government Entities, Healthcare, Not-for-Profits, Professional Services
Legislative measures were enacted creating significant changes for small businesses wishing to participate in the Paycheck Protection Program (PPP).
New PPP Loan Forgiveness Applications Released
by Bowman & Company LLP | Jul 8, 2020 | #COVID-19News, Construction, For-Profit Entities, Funeral Homes, Government Entities, Healthcare, Not-for-Profits, Professional Services
In addition to revising the full forgiveness application, SBA also published a new EZ version of the forgiveness application that applies to borrowers…
CARES Act Provides 4 Possible Reasons to File an Amended Return
by Bowman & Company LLP | Jun 15, 2020 | #COVID-19News, Federal Services, For-Profit Entities, Funeral Homes, Government Entities, Healthcare, Not-for-Profits
Here’s a summary of four retroactive CARES Act provisions that can potentially benefit you or your business entity after amended prior-year returns have been prepared and filed.
Working from Home? Make the Most of the Opportunity
by Bowman & Company LLP | Jun 10, 2020 | Federal Services, For-Profit Entities, Funeral Homes, Government Entities, Healthcare, Not-for-Profits, Professional Services
Between distractions and limited productivity, many at-home workers could use a little help. Here are some common work-at-home productivity tips…
How to Plan for a PPP Audit
by Bowman & Company LLP | Jun 8, 2020 | #COVID-19News, Construction, For-Profit Entities, Funeral Homes, Government Entities, Healthcare, Not-for-Profits, Professional Services
Here are some tips to position your small business or not-for-profit organization to receive the maximum allowable forgiveness, as well as to prepare for the subsequent government audit.
Reminder: Three New Tax Credits Are Available to Many Businesses Hit by COVID-19
by Bowman & Company LLP | Jun 5, 2020 | #COVID-19News, Construction, For-Profit Entities, Funeral Homes, Healthcare, Not-for-Profits
The IRS today reminds employers affected by COVID-19 about three important new credits available to them.
SOC 2: Breaking Down the Report
by Bowman & Company LLP | Apr 24, 2020 | For-Profit Entities, Healthcare, Not-for-Profits, Professional Services, SOC Suite
This article explores the ways SOC 2 examinations can enhance the security, availability, processing integrity, confidentiality, and privacy of your control systems…
SOC for Cybersecurity: Breaking Down the Report
by Bowman & Company LLP | Apr 17, 2020 | For-Profit Entities, Healthcare, Not-for-Profits, Professional Services, SOC Suite
Our team will work alongside your company’s management to create a report that strengthens internal controls and your commitment to your shareholders…