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…
THE BOWMAN BLOG
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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.
Working from Home? Make the Most of the Opportunity
by Bowman & Company LLP | Jun 10, 2020 | Federal Services, For-Profit Entities, Funeral Homes, Government Entities, Healthcare, Not-for-Profits, Professional Services
Between distractions and limited productivity, many at-home workers could use a little help. Here are some common work-at-home productivity tips…
How to Plan for a PPP Audit
by Bowman & Company LLP | Jun 8, 2020 | #COVID-19News, Construction, For-Profit Entities, Funeral Homes, Government Entities, Healthcare, Not-for-Profits, Professional Services
Here are some tips to position your small business or not-for-profit organization to receive the maximum allowable forgiveness, as well as to prepare for the subsequent government audit.
Reminder: Three New Tax Credits Are Available to Many Businesses Hit by COVID-19
by Bowman & Company LLP | Jun 5, 2020 | #COVID-19News, Construction, For-Profit Entities, Funeral Homes, Healthcare, Not-for-Profits
The IRS today reminds employers affected by COVID-19 about three important new credits available to them.