Under current tax law, the federal income tax rate for C corporations is a flat 21%. Under prior law, C corporations faced a graduated federal income…
THE BOWMAN BLOG
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Further Consolidated Appropriations Act: What You Should Know Now
by Bowman & Company LLP | Jan 31, 2020 | Construction, Federal Services, For-Profit Entities, Government Entities, Healthcare, Not-for-Profits, Professional Services
On December 20th, the Further Consolidated Appropriations Act was signed into legislation, which effectively extended tax provisions that were set to…
Late Retirement Plan Contributions and What to Do About Them
by Bowman & Company LLP | Jan 29, 2020 | Construction, Federal Services, For-Profit Entities, Government Entities, Healthcare, Not-for-Profits, Professional Services
One of the most common mistakes we see when auditing retirement plans is a lack of compliance with the handling of late employee contributions. Many plan…
US Department of Labor Is Expanding Employees Eligible for Overtime
by Bowman & Company LLP | Jan 20, 2020 | Construction, Federal Services, For-Profit Entities, Government Entities, Healthcare, Not-for-Profits, Professional Services
Effective January 1, 2020, all employees must earn at least $684 per week (or $35, 568 annually) before they can be exempt from overtime. The current…
Tips for Securing Internet of Things (IoT) Devices
by Bowman & Company LLP | Jan 14, 2020 | Construction, Federal Services, For-Profit Entities, Funeral Homes, Government Entities, Healthcare, Not-for-Profits, Professional Services
Internet-connected devices or Internet of Things (IoT) devices are popular holiday gifts. Now that the holidays are over, our shiny new tablets, phones…
In Memoriam – Thomas P. Duffy: 1929 – 2020
by Bowman & Company LLP | Jan 10, 2020 | Construction, Events, Federal Services, For-Profit Entities, Funeral Homes, Government Entities, Healthcare, Not-for-Profits, Professional Services
Bowman & Company LLP extends its heartfelt condolences on the passing of our retired Partner, Thomas P. Duffy…
The SECURE Act: What You Should Know Now
by Bowman & Company LLP | Jan 10, 2020 | Construction, Federal Services, For-Profit Entities, Government Entities, Healthcare, Not-for-Profits, Professional Services
President Donald Trump has signed into law the Setting Every Community Up for Retirement Enhancement or SECURE Act. The Act ushers in major changes to…
Tied Down to Your 401(k) Plan’s Cost? Discover the Alternatives
by Bowman & Company LLP | Dec 27, 2019 | Construction, Federal Services, For-Profit Entities, Government Entities, Healthcare, Not-for-Profits, Professional Services
Before 401(k) plans burst onto the employee benefit scene in the 1980s and traditional pension plans had not yet gone nearly extinct, there were profit…
Estate Planning Isn’t Just for the Rich and Famous
by Bowman & Company LLP | Dec 20, 2019 | Construction, Federal Services, For-Profit Entities, Government Entities, Healthcare, Not-for-Profits, Professional Services
Nearly everyone should consider updating his or her estate plan. This is smart advice even if you’re not currently exposed to the federal estate tax…
Spotlight on M&A: Why Buyers Love Asset Purchase Deals
by Bowman & Company LLP | Dec 13, 2019 | Construction, Federal Services, For-Profit Entities, Government Entities, Healthcare, Not-for-Profits, Professional Services
Are you thinking about buying a business? How you structure the deal will affect the taxes owed by the buyer (you) and the seller (the other party)…