The AICPA urged Congress to take action on Paycheck Protection Program (PPP) issues, remove tax obstacles to remote work, support state and local governments, and adopt new coronavirus-related liability provisions in a letter sent Monday, July 20.
The AICPA sent the letter to congressional leaders as they consider phase four federal legislation to address the COVID-19 pandemic.
In the letter, AICPA encouraged Congress to allow full deductions for PPP-related business expenses, provide information and tools to further simplify the PPP loan forgiveness application process, adopt new coronavirus-related liability provisions and more.