The IRS announced on Wednesday that it is postponing the deadline for all individual tax returns. Returns will not have to be filed until May 17, 2021…
THE BOWMAN BLOG
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American Rescue Plan Act: Breaking Down the Latest Relief Bill
by Bowman & Company LLP | Mar 12, 2021 | #COVID-19News, Construction, Federal Services, For-Profit Entities, Funeral Homes, Government Entities, Healthcare, Not-for-Profits, Professional Services
President Joe Biden signed the American Rescue Plan Act into law. This legislation, also known as H.R. 1319, brings about changes to a multitude of tax…
House Gives Final Approval to $1.9 Trillion Pandemic Aid Bill
by Bowman & Company LLP | Mar 11, 2021 | #COVID-19News, Construction, For-Profit Entities, Funeral Homes, Government Entities, Healthcare, Not-for-Profits, Professional Services
The House of Representatives voted 220–211 Wednesday to approve the Senate version of a $1.9 trillion coronavirus relief bill, which President Joe Biden…
IRS Issues Employee Retention Credit Guidance
by Bowman & Company LLP | Mar 4, 2021 | #COVID-19News, Construction, For-Profit Entities, Funeral Homes, Government Entities, Healthcare, Not-for-Profits, Press Releases
The IRS issued detailed guidance on the employee retention credit, originally created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act…
New Jersey Follows Federal Lead on Taxability of PPP Loans
by Bowman & Company LLP | Feb 10, 2021 | #COVID-19News, Construction, Federal Services, For-Profit Entities, Funeral Homes, Government Entities, Not-for-Profits, Professional Services
New Jersey will be following the federal government’s lead in making PPP loans tax exempt at the state level and allowing recipients to deduct business…
PPP Application Forms Will Be Released Today
by Bowman & Company LLP | Jan 11, 2021 | #COVID-19News, Construction, Federal Services, For-Profit Entities, Funeral Homes, Government Entities, Healthcare, Not-for-Profits, Professional Services
The US Small Business Administration and Treasury released borrower loan application forms Friday night for the rebooted Paycheck Protection Program…
Many Tax Provisions Appear in Year-End Coronavirus Relief Bill
by Bowman & Company LLP | Dec 29, 2020 | #COVID-19News, Construction, Federal Services, Funeral Homes, Government Entities, Healthcare, Not-for-Profits, Professional Services
The Consolidated Appropriations Act, 2021, signed into law on Dec. 27, includes extensions of various expiring provisions, expansions of certain pandemic..
Communication Breakdowns in the Digital Front
by Bowman & Company LLP | Dec 3, 2020 | #COVID-19News, Construction, For-Profit Entities, Not-for-Profits, Professional Services
Learn tips and tricks to identify and resolve communication breakdowns in professional settings. These steps can help mitigate the effects of remote work…
SALT ‘Workaround’ Approved by IRS
by Bowman & Company LLP | Nov 10, 2020 | #COVID-19News, Construction, For-Profit Entities, Government Entities, Not-for-Profits, Professional Services
The IRS has announced proposed regulations that clarify state and local income taxes imposed on and paid by partnerships and S corporations. Changes…
New Relief Available for NJ Small Businesses Impacted By COVID-19
by Bowman & Company LLP | Oct 26, 2020 | #COVID-19News, Construction, For-Profit Entities, Funeral Homes, Healthcare, Not-for-Profits, Professional Services
Learn how your business may be eligible for direct relief and PPE subsidies, made available to NJ small businesses through additional CARES Act funding.