The IRS issued detailed guidance on the employee retention credit, originally created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act…
THE BOWMAN BLOG
We’re happy to offer news, updates, and thought leadership to our clients, friends, and subscribers. Please feel free to look around and subscribe to whatever topics you’re interested in using the form to the right.
Pennsylvania Governor Tom Wolf Signs PPP Loan Forgiveness Measure
by Bowman & Company LLP | Feb 10, 2021 | Construction, Federal Services, For-Profit Entities, Funeral Homes, Government Entities, Not-for-Profits, Professional Services
PA state lawmakers added a provision addressing Paycheck Protection Program (PPP) loan forgiveness to provide COVID-19 relief to small businesses…
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…
2021 Brings Changes to New Jersey’s Minimum Wage
by Bowman & Company LLP | Dec 17, 2020 | Construction, For-Profit Entities, Government Entities, Healthcare, Not-for-Profits, Professional Services
Effective January 1, 2021, New Jersey’s general minimum wage will increase. Here’s what you need to know about the general and specific wage increases…
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.
Guidance Issued on Payroll Tax Deferral
by Bowman & Company LLP | Aug 31, 2020 | #COVID-19News, Construction, Federal Services, For-Profit Entities, Funeral Homes, Government Entities, Healthcare, Not-for-Profits, Professional Services
New notice from the IRS provides guidance for employers wishing to defer withholding and payment of certain payroll taxes for qualifying employee wages.
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…