The post Luca Pacioli and the Birth of Modern Accounting appeared first on Bowman & Company, LLP ..read more

The post Bowman Celebrates Hispanic Heritage Month 2024 appeared first on Bowman & Company, LLP ..read more

The Partners of Bowman & Company LLP have elected three staff to join the Partnership group in July 2024. Pictured from left to right are Kenneth M. Drewes, CPA, RMA, PSA, CMFO of the Governmental Services Department, Michael J. Thilker, CPA, CITP of the Commercial Services Department, and Josette P. Traversa, CPA of the Commercial Services Department. We are thrilled to make this announcement, and encourage you to learn more about their experience. Kenneth M. Drewes Ken joined the Governmental Services Department of the Firm in 2009. His areas of expertise are the audits of county and m ..read more

Today marks three years since Juneteenth was declared a federal holiday. This holiday commemorates the deliverance of the news of emancipation to the last slaves in the United States in 1865, following the end of the Civil War. Even though President Abraham Lincoln delivered the Emancipation Proclamation in 1863, the executive decree was not fully enacted throughout the country for an additional two years. This period of American history is riddled with tremendous strife and loss; but we emerged from the chaos on a more unified path. The lessons of Juneteenth are of critical importance, both ..read more

Summer has arrived, finals are over, and students everywhere have flocked from campus dorms back to their homes. But for many graduating students, Summertime can actually be stressful; while a college diploma is a monumental achievement, millions of young adults are now entering a highly competitive job market while simultaneously shouldering the burden of massive sums of debt. In this sense, many people feel that the opportunities in front of them are clouded under a shadow of career and/or financial insecurity. Despite this, Bowman & Company LLP believes that education is a worthwhile ..read more

Personal finances are a source of stress for millions of people. It’s hard to keep track of bills, taxes, loans, and other financial obligations. When faced with debts, people can easily forget to consider the fact that they might be owed money themselves. Fortunately, the government has resources available to the public that helps identify unclaimed money. Money or property is “unclaimed” when a business, financial institution, or government owes money to an individual that (knowingly or unknowingly) did not collect it. Regardless of why you may not have collected money or property due to yo ..read more

As accountants, we spend countless hours with our clients performing audits, generating reports, filing taxes, performing consultations, and many other services. Bowman & Company knows what makes a business from top to bottom. Yes, it involves a litany of assets and liabilities; but what really makes a business is a collection of people that have decided that their time and effort are worth contributing to common goals. Despite the personal differences that make each member unique, a good organization shares the desire to work together to succeed. Bowman employees have specialized skillse ..read more

The Corporate Transparency Act (“CTA”) was enacted January 1, 2021, as part of the National Defense Authorization Act, representing the most significant reformation of the Bank Secrecy Act and related anti–money laundering rules since the U.S. Patriot Act. The CTA is intended to address and guard against money laundering, terrorism financing, and other forms of illegal financing by mandating certain entities (primarily small and medium size businesses) to report “beneficial owner” information to the Financial Crimes Enforcement Network (“FinCEN”). The CTA authorizes FinCEN, a bureau of the U ..read more

Since 1978, the United States has recognized a week of recognition of Asian Americans and their contributions to the nation. In 2009, the government expanded this period to a monthlong celebration, encompassing all Asian American & Pacific Islander (AAPI) heritage. The official theme of AAPI Month in 2024 is “Advancing Leaders Through Innovation” according to the Federal Asian Pacific American Council (FAPAC). Innovation can come in many forms, ranging from the physical world of technology & industry to the abstract world of political philosophy & artistic expression. Asian Ameri ..read more

Nicholas S. Colanzi, Jr., Commercial Services Partner | A successful business relies on maintaining proper financial management. Without a solid financial foundation, it is impossible to measure the success and future of your funeral home. For many funeral directors, wearing your “business hat” can be difficult when serving grieving families, but preserving consistent financial stability is crucial to the success of your business. From working with an accountant to simple cash flow management practices, here are five best practices for managing your funeral home’s finances. Hire An Accountan ..read more