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THE BOWMAN BLOG
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How Can My Organization Benefit from SOC 2 vs. SOC for Cybersecurity?
by Bowman & Company LLP | Mar 27, 2020 | For-Profit Entities, Healthcare, Not-for-Profits, Professional Services, SOC Suite
Cyberattacks have become an unavoidable risk for organizations around the world. Learn how your company can ensure it stays one-step ahead…
Designating a Trust as an IRA Beneficiary
by Bowman & Company LLP | Mar 19, 2020 | Construction, Federal Services, For-Profit Entities, Government Entities, Healthcare, Not-for-Profits, Professional Services
Since an individual retirement account (IRA) can often represent a large percentage of an individual’s assets, an essential question that many clients…
Should You Pay Down Your Home Mortgage Early?
by Bowman & Company LLP | Mar 12, 2020 | Construction, Federal Services, For-Profit Entities, Government Entities, Healthcare, Not-for-Profits, Professional Services
If you routinely have extra cash on hand after paying off your monthly bills, you might want to consider paying down your home mortgage balance faster…
Understanding and Preventing Employee Theft
by Bowman & Company LLP | Feb 27, 2020 | Construction, Federal Services, For-Profit Entities, Government Entities, Healthcare, Not-for-Profits, Professional Services, SOC Suite
Employee theft in the workplace is a serious problem for employers: 75 percent of employees have stolen from their employer at least once, and business…
FAQs about Home Office Deductions
by Bowman & Company LLP | Feb 13, 2020 | Construction, Federal Services, For-Profit Entities, Government Entities, Healthcare, Not-for-Profits, Professional Services
In the past, home office deductions were available to a wide range of taxpayers, including certain employees who worked from home. But the Tax Cuts…
Avoidable Faults in Company Retirement Plans
by Bowman & Company LLP | Feb 7, 2020 | Construction, Federal Services, For-Profit Entities, Government Entities, Healthcare, Not-for-Profits, Professional Services
It is never a bad idea to review your retirement plan and how effectively it is working. Whether your plan needs an audit or not, you should…
Low Tax Rates Provide Opportunity to “Cash Out” with Dividends
by Bowman & Company LLP | Feb 6, 2020 | Construction, Federal Services, For-Profit Entities, Government Entities, Healthcare, Not-for-Profits, Professional Services
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…
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…