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ARA Signed a Coalition Letter to Congress Supporting PPP Tax Deductibility for Small Businesses

Jul 01 2020

On July 1, ARA signed a coalition letter to Congress supporting the Small Business Expense Protection Act because it ensures small businesses can deduct eligible expenses paid with a Paycheck Protection Program (PPP) loan from taxes.

Without this relief, millions of small businesses will face significant tax liabilities at a time when they can least afford additional financial burdens, according to the letter.

Read the letter to learn more.