Business & Tech
Greater Louisville Inc.: Op-Ed: GLI CEO Urges Kentucky Lawmakers, Governor To Take Action On PPP Tax Relief
This article first appeared in Louisville Business First on March 11, 2021. This article first appeared in on March 11, 2021.
2021-03-11
This article first appeared in Louisville Business First on March 11, 2021.
Find out what's happening in Louisvillefor free with the latest updates from Patch.
This article first appeared in on March 11, 2021.
Imagine being a small business owner in our community. You finally see a glimmer of light at the end of the long tunnel of this pandemic and your business is picking back up.
Find out what's happening in Louisvillefor free with the latest updates from Patch.
After a year of great uncertainty, you sit down to file your taxes and find an unexpected state tax increase. It turns out that you cannot deduct expenses you traditionally deduct from your overall tax burden because the Paycheck Protection Program (PPP) loan that you used to pay for them has been forgiven.
Unfortunately, this is the current reality for small business owners in Kentucky.
This press release was produced by Greater Louisville, Inc.. The views expressed here are the author’s own.