California Businesses Get Answers on PPP Deductibility: Summary of Assembly Bill 80
Reading Time: < 1 minute The debate on deductibility of qualifying expenses paid with funds provided under the CARES Act or Consolidated Appropriations Act (CAA) has finally concluded for California businesses as Governor Newsom officially signed Assembly Bill No. 80 (AB 80) into law on April 29, 2021. What AB 80 means for California businesses …
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