The US Small Business Administration and Treasury released borrower loan application forms Friday night for the rebooted Paycheck Protection Program…
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.
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…
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.