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

Payroll tax deferral starting today still contains uncertainty

Released on September 1, 2020 A payroll tax deferral on workers’ portion of the Social Security payroll tax begins today. But it’s unclear how many employers will participate and how much it will affect the staffing industry. The move is designed to give employees more money in their paychecks through the end of the year.Read More