ASA Supports Petition to Allow Tax Deductibility of PPP Loan Expenses

Released on November 4, 2020 Posted November 4 on the American Staffing Association website: In a notice issued April 30, the U.S. Internal Revenue Service determined that expenses paid that result in forgiveness of a covered loan under the Paycheck Protection Program are not deductible under the federal tax code. Bipartisan legislation has been introduced in Congress that wouldRead More