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Isdaner News

Here come the child tax credit payments: What you need to know.

July 8, 2021

The first advance payments under the temporarily expanded child tax credit (CTC) will begin to arrive for nearly 39 million…

Getting Married? Financial Chores to Complete When You Tie the Knot

July 2, 2021

The wedding season typically peaks in late summer and early fall, according to the wedding website TheKnot.com. This year, that…

Eligible Businesses: Claim the Employee Retention Tax Credit

July 2, 2021

The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue…

Supreme Court Finds No Standing to Challenge ACA’s Minimum Essential Coverage Provision

June 21, 2021

In a 7-2 decision, the Supreme Court has held that both the state and individual plaintiffs lacked standing to challenge…

Is Your PPP Loan Forgiveness Deadline Fast Approaching?

June 21, 2021

More than 30% of borrowers of Paycheck Protection Program (PPP) loans in 2020 have not submitted for loan forgiveness. PPP…

Gerstein Quoted About PPP Loans in Philadelphia Inquirer

June 17, 2021

Mitch Gerstein, CPA, was quoted in the June 17, 2021, Small Business section of the Philadelphia Inquirer regarding PPP loans…

Is your small business is eligible for the Employee Retention Tax Credit (“ERTC”)?

June 17, 2021

If you are eligible, this tax credit could be even more lucrative for your small business than the Paycheck Protection…

2022 Inflation-Adjusted Amounts for HSAs and Excepted Benefit HRAs

June 4, 2021

In a Revenue Procedure, the IRS has provided: a) the 2022 inflation-adjusted amounts for Health Savings Accounts (HSAs); and b)…

How to verify your identity using IRS’s Identity Verification Service

June 4, 2021

On a webpage, the IRS has discussed its Identity Verification Service, used to verify the identity of taxpayers when the…

Reap Tax and Non-Tax Benefits – Hiring Your Minor Children This Summer

June 4, 2021

If you’re a business owner and you hire your children this summer, you can obtain tax breaks and other nontax…

Many Parents Will Receive Advance Child Tax Credit Payments beginning July 15

May 26, 2021

Eligible parents will soon begin receiving payments from the federal government. The IRS announced that the 2021 advance child tax…

Home Sales: How to Determine Your “Basis”

May 4, 2021

The housing market in many parts of the country is strong this spring. If you’re buying or selling a home,…

PPE Costs Qualify for Medical Deduction

May 4, 2021

The IRS recently announced that amounts paid for personal protective equipment, such as masks, hand sanitizer, and sanitizing wipes, for…

The Importance of Tax Return Filing and Payment Deadlines

April 30, 2021

The May 17 deadline for filing your 2020 individual tax return is coming up soon. It’s important to file and…

IRS Provides Guidance On Temporary 100% Expense Deduction For Meals

April 26, 2021

Good news for restaurants and business owners – temporary 100% deduction of restaurant meals! The IRS recently released guidance addressing…

Isdaner & Company winner of Top Workplace Awards for FIVE Consecutive Years

April 14, 2021

THE PHILADELPHIA INQUIRER NAMES ISDANER & COMPANY, LLC A WINNER OF THE DELAWARE VALLEY TOP WORKPLACES 2021 AWARD Bala Cynwyd, PA,…

IRS Reminds Taxpayers of Recent Changes to Retirement Plans

April 2, 2021

The IRS reminded taxpayers recently on March 16, 2021, about the rules for required minimum distributions (RMDs) from retirement accounts. A…

Make the most of the Employee Retention Credit

April 2, 2021

The Employee Retention Credit (ERC), which was created to encourage employers to keep their workforces intact during the COVID-19 pandemic,…

Mitch Gerstein quoted in Philadelphia Inquirer Article – Tax Season Questions

March 30, 2021

Mitch Gerstein’s quote appeared in the March 30, Philadelphia Inquirer article “Didn’t get $1,400 stimulus checks? Took money from retirement…

PPP Application Deadline Extended

March 30, 2021

President Biden has signed the PPP Extension Act of 2021. The new law extends the Paycheck Protection Program (PPP) application…