Blog

At the end of last week, the House approved the Senate's action of extending the PPP loan availability for 5 more weeks, and the President signed it shortly thereafter.This means that approximately $129 billion in remaining PPP funds can be tapped by Greater New York...

With all of the chaos we've been enduring, word on the tax professional "street" is that there is coming a FLOOD of people who will be owing tax debts to the IRS (and the SBA) in a few months.With unemployment as it (still) is, and the economy not fully reopening...

Scattershotting around the world of SBA loans and taxes here before the huge deadlines looming on July 15th.(As a reminder: 2019 personal tax returns and payments, first AND second quarter 2020 estimated tax payments are ALL due on Wednesday, July 15th.)We're working...

How are you and your Greater New York City business hanging in there these days? I'd be interested in what kind of revenue you're managing (unless you've already given us visibility into your books -- I can see for myself).Shoot me an email, and let me know. I might...

The nation keeps roiling, and life for many of your Greater New York City customers might take longer than anticipated to get back to "normal".For some, they might not actually want to get back to whatever that "normal" was before all of this. Some of this change...

Just when we thought that the business-related news might slow down for Greater New York City business owners... Not only are unemployment numbers improving (much to the surprise and delight of the stock markets), but ... Congress passed, and the President has signed...

2020 has been ... something.Maybe, if we're all fortunate, the SpaceX launch will be the best thing to come out of this season.Because there is simply pain all around right now. I said this in another place, but it's overwhelming, as someone who has to communicate to...

The short answer is: not really.There are some caveats.Before I get into all of that, though, a word...This pandemic represents an opportunity for you.Whatever it is that caused your initial problems with the IRS and other taxation authorities ... our cultural moment...

...don't navigate this season alone.The more we learn about the nuances of PPP forgiveness, EIDL regulations, the Employee Retention credit (an alternative, payroll-tax-specific way to save cash for your Greater New York City business) ... well, the more that we...

Are you tired of talking and thinking about the PPP? Because I'm tired of talking and thinking about the PPP.That said -- this program has been a lifesaver for a variety of my Greater New York City clients, and it has provided a great shot in the arm for others.And,...

There has been a lot of recent chatter about the PPP money, who got it, who didn't, and even if some Greater New York City companies should pay it back.Well, I have some thoughts on this for you today, but ultimately, you will have to be the one who makes this...

Well, if you were wise, you probably saw this coming.Turns out ... if you received a PPP loan, that the expenses you pay from the proceeds of this (forgivable) loan ... are not deductible for Greater New York City businesses.Ouch.The IRS just released new guidance to...