Blog

Bowman & Company, A Beacon of Excellence in Accounting Workplace Culture March 15, 2024

In the realm of accounting firms, Bowman & Company CPA firm stands out for its workplace culture, earning back-to-back recognition from Accounting Today for being one of the top 50 midsize Best Firms to work for in 2022 and 2023. What distinguishes Bowman & Company is not just its expertise in financial management but its commitment to creating an environment where employees can thrive an...

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Recent Developments in Employee Retention Credits (ERC) and Disallowance of ERC Claims February 28, 2024

Initial ERC Claim Disallowance Letters Issued The IRS has taken a proactive stance by sending out disallowance letters to more than 20,000 businesses. These letters target claims made by businesses that either did not exist or lacked paid employees during the eligibility period (March 13, 2020, to December 31, 2021). This preemptive measure aims to identify ineligible claims before they are pa...

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Business Beneficial Ownership Reporting February 28, 2024

In the ever-evolving landscape of business regulations, the Corporate Transparency Act (CTA), passed as part of the National Defense Authorization Act for Fiscal Year 2021, introduces new reporting requirements for businesses in the United States, specifically focusing on beneficial ownership. The CTA aims to combat illicit activities such as money laundering, tax fraud, and terrorism financin...

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2023 Year-End Payroll Information January 16, 2024

It’s time again to prepare for year-end payroll processing. The following letter includes information intended to help you identify the topics you need to discuss with your tax advisor. Keep in mind, this letter is not a substitute for professional advice. CLICK HERE TO VIEW OUR 2023 YEAR-END PAYROLL INFORMATION ...

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Corporate Transparency Act Establishes Expanded Reporting Requirements September 28, 2023

The Corporate Transparency Act (CTA), which was enacted by Congress in 2021 as part of the Anti-Money Laundering Act of 2020, will establish a national database of Beneficial Ownership Information (BOI) to crack down on financial crimes such as money laundering, terrorist financing, or concealment of assets in the US through shell companies. Starting January 1, 2024, the majority of US ...

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Employee Retention Credit Paused Amid Growing Fraud Concerns  September 18, 2023

The Internal Revenue Service (IRS) has announced a moratorium on new claims related to the pandemic-era Employee Retention Credit (ERC, also known as Employee Retention Tax Credit).  The pause on new claims goes into effect immediately and will last until at least 2024.   When claimed properly, the ERC is a refundable tax credit designed to help employers who continued to pay th...

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Bowman & Company Announces New Senior Accountants  August 31, 2023

Bowman & Company is excited to announce the promotions of Shailee Martinez, Victor Hurtado, and Rajdeep Ubhi. They will be taking on new roles and responsibilities as Senior Accountants.  Shailee works with a variety of clients providing tax, audit, and accounting services. She enjoys contributing to multiple teams and having a broad skill set, and one of her favorite recent accomplis...

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Bowman & Company Announces New Supervisors   August 29, 2023

Bowman & Company is happy to announce the promotions of Allison Vela, Emily Terry, CPA, Evelyn Garcia, Angelica Sanchez, CPA, Natalie Tallerico, CPA, Sydney Duspiva, CPA, and Martha Elizondo, CPA. These seven professionals will take on new their new roles as Supervisors.   Allison is a member of the tax team, where her expertise and professionalism is a true asset to her clients and cow...

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Bowman & Company Announces New Senior Supervisors   August 25, 2023

Bowman & Company is happy to announce the promotions of Robert Miller, CPA, Monica Sautter, Maribel Galan, CPA, and Shannon Sandoval. These four professionals will take on new their new roles as Senior Supervisors.   Robert is a valued member of the tax team, working remotely from Colorado. He says one of his best experiences at Bowman was traveling to Stockton to meet his colleagues in...

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Grayson Moyer Promoted to Senior Manager  August 22, 2023

Bowman & Company is pleased to announce the promotion of Grayson Moyer, CPA. Grayson takes on new responsibilities as a Senior Manager.    Grayson is a motivated and hardworking member of the Bowman team with over 13 years of accounting industry experience. He currently specializes in providing audit services for clients in the in the low-income housing, non-profit (private ...

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