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Isdaner News

Mitch Gerstein is quoted in Philadelphia Business Journal article by Jeff Blumenthal about the latest PPP loan forgiveness rules

May 27, 2020

The interim final rules offer guidance about how to incorporate employees who refuse an offer to return to work and…

New Paycheck Protection Program (PPP) guidance released Friday night by Treasury and the Small Business Administration (SBA)

May 27, 2020

Two new Interim Final Rules (IFR): Provides borrowers and lenders guidance on requirements governing the forgiveness of Paycheck Protection Program…

Mitch Gerstein is quoted in Philadelphia Inquirer’s reporter Erin Arvedlund’s article about how to receive PPP loan forgiveness.

May 25, 2020

The rules for converting PPP loans to grants are complex. Here’s a guide. Trying to figure out how you’ll pay…

SBA Issues PPP Loan Forgiveness Application & Instructions- Addition to Website

May 18, 2020

On Friday, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program…

You’re working from home now. You qualify for a home-office tax deduction, right? Not so fast.

May 14, 2020

Arthur Zatz, special consultant in the tax department, is quoted in a Philadelphia Inquirer article by Andrew Maykuth about working…

Treasury Department Provides Automatic Safe Harbor for PPP Loans Under $2 Million

May 14, 2020

Today, the Treasury Department revised the FAQs for borrowers under the Paycheck Protection Program (PPP) by adding new FAQ #46.…

PPP loan forgiveness rules keep changing. Here’s the latest guidance from 5 experts

May 8, 2020

Hundreds of thousands of Philadelphia-area business owners are breathing sighs of relief after being notified that their Paycheck Protection Program…

SBA Modifies the PPP Loan FAQs to Extend the Date for Certain Loan Repayments

May 6, 2020

On May 5, the Treasury Department and the Small Business Administration (SBA) updated their Paycheck Protection Program (PPP) FAQ document…

Didn’t get your small-business loan to stay open? Here are other options for help.

May 5, 2020

Mitch Gerstein, senior tax advisor, is quoted in the article by Gene Marks in the Philadelphia Inquirer about PPP loans…

CARES Act Provides 4 Possible Reasons to File an Amended Return

May 1, 2020

The $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act delivers good news to individuals and businesses, including valuable…

Now may be a good time for a Roth Conversion

May 1, 2020

The coronavirus (COVID-19) outbreak is causing havoc in the global markets and the U.S. economy. In today’s uncertain marketplace, it’s…

IRS Addresses Deductibility of Costs Paid with PPP Loans That Are Forgiven

May 1, 2020

On April 30, the IRS issued Notice 2020-32 addressing an important issue that was not covered explicitly in the CARES…

IRS Enhances “Get My Payment” Online Application

April 28, 2020

The IRS announced significant enhancements to the “Get My Payment” tool to deliver an improved and smoother experience for Americans…

Congress Approves Additional Funding for Paycheck Protection Program and the SBA Clarifies Loan Availability for Large Companies

April 24, 2020

Two recent important developments took place in connection with COVID-19 related small business funding opportunities. ADDITIONAL FUNDING The $484 billion…

Many small businesses say loans won’t get them to rehire

April 22, 2020

Isdaner & Company quoted in article by Associated Press reporter Christopher Rugaber about small businesses having second thoughts about government…

The Latest on Paycheck Protection Program & Related Guidance

April 20, 2020

Less than two weeks after small businesses across the country were first able to apply for potentially forgivable loans through…

Updated Guidance on PPP Loans

April 17, 2020

The Small Business Administration released an additional Interim Final Rule on April 14 that provides guidance on a couple of key areas of…

IRS extends more tax deadlines to cover individuals, trusts, estates, corporations and others

April 13, 2020

To help taxpayers, the Department of Treasury and the Internal Revenue Service announced on April 9 that Notice 2020-23 extends…

To all our valued Clients and Friends:

April 13, 2020

We at Isdaner & Company are committed to protecting the health and well-being of our staff, clients and colleagues in…

Paycheck Protection Program – SBA Issues FAQs to Address Areas of Uncertainty

April 8, 2020

The Small Business Administration (SBA) issued on April 6 a series of frequently asked questions (FAQs) addressing and clarifying several…