Sasserath Blog

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Sasserath Joins CMM Cares, Inc.’s Board of Directors

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CMM Cares, Inc. has announced the election of Alan R. Sasserath, CPA, MS, Partner at Sasserath & Zoraian, LLP, to their Board of Directors. CMM Cares is a 501(c)3 and major supporter of veterans, children, and the arts on Long Island through fundraising, volunteering, and awareness campaigns. With the addition of Sasserath to its Board, […]

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Employee Retention Credit & Paycheck Protection Program Loans

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Getting Ahead of the March 31st Deadline for Each By Alan R. Sasserath, CPA, MS A number of our friends and clients were/are eligible for Paycheck Protection Program (“PPP”) second draw loans AND the expanded Employee Retention Credit (“ERC”). March 31, 2021 is a critical day for each program. With regard to the ERC, March 31st marks […]

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S&Z Welcomes George Batas as Partner

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Sasserath & Zoraian, LLP, a New York CPA firm providing accounting, tax, and business advisory services, is pleased to announce that George Batas has been promoted to Partner as of January 1, 2021. George Batas joined Sasserath & Zoraian in 2017, where he quickly became instrumental in establishing and running the firm’s State and Local […]

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Paycheck Protection Program (“PPP”) First and Second Draw Applications and Timing

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By Alan R. Sasserath, CPA, MS and George Batas It is tough for us to believe we are writing about new PPP Loans again, but here we are.   First some housekeeping, there are two types of PPP loans referenced in the latest guidance. “First Draw” PPP loans refer to the borrower’s first application whether received […]

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Paycheck Protection Program Webinar – December 2020

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Congressional leaders have reached a long-awaited agreement on a $900 billion stimulus package. The measure is expected to provide more than $284 billion for businesses and revive the Paycheck Protection Program (PPP), a lifeline federal loan program for small businesses that lapsed over the summer. On December 23, 2020, Sasserath & Zoraian, LLP gave an informative […]

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Year-End Planning: Qualified Disaster Relief Under Section 139

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By George Batas As such an unprecedented year draws to a close, employers and employees alike may be interested to know that Section 139 of the Internal Revenue Code allows an employer to make qualified disaster relief payments to an individual on a tax-free basis. The employer would get a deduction for the payments and […]

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