PCA Urges Congress to Fix PPP Tax Loophole

PCA Executive Director Scott Pearce and President John Anderson sent a letter to Congress today urging them to take action to fix the PPP tax loophole that would cost small businesses upwards of $120 billion in lost deductions and would prevent PCA members from claiming payroll and rent from money granted through PPP on their taxes. 

Read the full letter here

For additional information about this and how this presents a PPP tax loophole, see the PPP Tax Treatment document from the IRS.