James M. Bowen
CPA, MTax
About
Expertise
Articles
Jim Bowen has more than 25 years in public accounting, serving both private and public companies in tax, audit, business consulting, financial systems, business valuations and strategic planning.
Since 1990, Jim has focused his attention on taxation. Over the years, he has implemented scores of tax planning strategies for clients of all entity types, in the areas of IRS practice and procedure, state and local income taxation, real and personal property tax, sales and use tax, tax abatements and incentives, mergers and acquisitions, and tax accounting methods and periods. He also has significant experience in the accounting for income taxes, tax risk management, and the establishment of tax-based internal controls.
Jim is widely regarded for his work with SEC and private equity firms in the ASC 740 (FAS 109) and corporate tax outsourcing areas. Jim was a principal with Ernst & Young, serving as the area practice leader for their tax operations; responsible for dozens of tax outsourcing and process improvement projects with companies in Ohio, Pennsylvania, New York, and Michigan.
He joined BMF as a partner in 2003.
Specializations
- Manufacturing/Distribution
- Real Estate
- Banking
- Professional Services
- SEC “Second Source Provider” services
Education
- Bachelor of Science in Accounting, The University of Akron
- Master of Taxation, The University of Akron
Certifications
- Certified Public Accountant (CPA)
Professional and Civic Memberships
- American Institute of Certified Public Accountants (AICPA), member
- Ohio Society of Certified Public Accountants (OSCPA), member
- Leadership Akron, Class XXVII, 2011 graduate
- St. Vincent-St. Mary High School, past executive board chairman
- The University of Akron, national alumni board president
- The University of Akron, Masters of Taxation adjunct professor and board member
- The University of Akron, Accountancy Advisory Board
CliftonStrengths
- Strategic
- Relator
- Belief
- Ideation
- Empathy
IRS Broadens Tax Filing and Payment Relief, Refund Guidance Coming Soon
Previous tax return and payment relief were centered around income tax filings due by April 15, 2020. This newest relief applies to all taxpayers that have a filing or payment, specified in this notice, with a due date falling. Read More >>
CARES Act: Federal Coronavirus Emergency Relief Package in Response to COVID-19
Relief is coming. Following supplemental funding for government agencies and individual-focused legislation, the President is expected to sign Phase III legislation in the CARES Act after it clears the House in response to the COVID-19 crisis. The Act is. Read More >>
Valuing the Cost of Customer Relationships
The costs of acquiring and retaining customers can be astronomical. We know the costs of attracting and maintaining customer relationships in salaries, commissions and proposals, but oftentimes businesses fail to see the cost of maintaining relationships. This includes low. Read More >>