Sasserath Blog

By Alan R. Sasserath, CPA, MS As you are aware, there is a lot of confusion surrounding the Paycheck Protection Program (“PPP”) – maybe more confusion than certainty. Many of you have taken advantage of our workbook to calculate the loan amount under the PPP. We have adjusted our workbook as described below based on questions […]

By Alan R. Sasserath, CPA, MS It’s been almost a week since our last email and a lot has changed in that time frame. The biggest change was that President Trump signed the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) into law on Friday. There are a myriad of tax changes and economic stimulus provisions in […]

By Alan R. Sasserath, CPA, MS Here is a high-level summary of the “Payment Protection Program Loan” (The loan that can be forgiven under certain circumstances): The amount of the loan is the lesser of (1) the average monthly payroll (salary, wage, commission, tips, vacation, group health benefits…) up to $100,000 per employee for the preceding […]

By Alan R. Sasserath, CPA, MS Over the last week, some of you received two emails from me with the subject “The Next Phase.” For those of you that didn’t receive those emails, please click the link here. You can see how our messaging is becoming more and more clear as the economic challenges surrounding the COVID-19 […]

By Alan R. Sasserath, CPA, MS As you are aware, since my last writing this past Tuesday, the health and economic issues regarding Covid-19 have changed for the worse and will most likely continue to change for the worse in the short term. I have to admit, when I saw that accountants were on the list […]

By Alan R. Sasserath, CPA, MS In light of the COVID-19 outbreak, as well as the recent restrictions and operating hours placed on businesses and social gatherings, the Department of the Treasury announced today that the tax payment deadline of April 15 has been extended by 90 days. Individuals and business filers whose deadline is […]