Archive for May 2020
How SBA FAQ 46 affects PPP loans as deadline extended to May 18
Mitch Gerstein quoted in Philadelphia Business Journal’s article by Jeff Blumenthal about PPP loan forgiveness: how SBA FAQ 46 affects…
Continue ReadingMitch Gerstein is quoted in Philadelphia Business Journal article by Jeff Blumenthal about the latest PPP loan forgiveness rules
The interim final rules offer guidance about how to incorporate employees who refuse an offer to return to work and…
Continue ReadingNew Paycheck Protection Program (PPP) guidance released Friday night by Treasury and the Small Business Administration (SBA)
Two new Interim Final Rules (IFR): Provides borrowers and lenders guidance on requirements governing the forgiveness of Paycheck Protection Program…
Continue ReadingMitch Gerstein is quoted in Philadelphia Inquirer’s reporter Erin Arvedlund’s article about how to receive PPP loan forgiveness.
The rules for converting PPP loans to grants are complex. Here’s a guide. Trying to figure out how you’ll pay…
Continue ReadingSBA Issues PPP Loan Forgiveness Application & Instructions- Addition to Website
On Friday, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program…
Continue ReadingYou’re working from home now. You qualify for a home-office tax deduction, right? Not so fast.
Arthur Zatz, special consultant in the tax department, is quoted in a Philadelphia Inquirer article by Andrew Maykuth about working…
Continue ReadingTreasury Department Provides Automatic Safe Harbor for PPP Loans Under $2 Million
Today, the Treasury Department revised the FAQs for borrowers under the Paycheck Protection Program (PPP) by adding new FAQ #46.…
Continue ReadingPPP loan forgiveness rules keep changing. Here’s the latest guidance from 5 experts
Hundreds of thousands of Philadelphia-area business owners are breathing sighs of relief after being notified that their Paycheck Protection Program…
Continue ReadingSBA Modifies the PPP Loan FAQs to Extend the Date for Certain Loan Repayments
On May 5, the Treasury Department and the Small Business Administration (SBA) updated their Paycheck Protection Program (PPP) FAQ document…
Continue ReadingDidn’t get your small-business loan to stay open? Here are other options for help.
Mitch Gerstein, senior tax advisor, is quoted in the article by Gene Marks in the Philadelphia Inquirer about PPP loans…
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