From the American Institute of Certified Public Accountants (AICPA)
Yesterday afternoon, Congress released the text of its $900 billion pandemic relief bill. With over 5,500 pages, there’s a lot we still need to review. However, a few key provisions impacting small businesses and the profession are immediately apparent.
One big success?
PPP loan-related expenses will be deductible.
We’re still working through the legislation and will continue to provide you with additional updates as we learn more.
