ASAToday for July 3rd, 2025

Biden Administration Immediately Rolls Back Environmental Provisions After being sworn in on Wednesday, President Biden announced that the U.S. will rejoin the 2015 Paris climate accords and revoke the permit for the Keystone XL Pipeline.  Also, the Biden Administration will direct federal agencies to review more than 100 federal environmental regulations and agency decisions by…

President Trump’s 2nd Impeachment Trial Last Friday, Speaker Pelosi said that the House impeachment managers were preparing for the trial, but she declined to say when the article of impeachment would be sent to the Senate, or when the trial would begin.  Another unknown is whether Chief Justice Roberts will preside, or if that role will…

Small Business Administration (SBA) Obsoletes Non Deductible PPP Loan Expenses On Monday, January 11, 2021, Charles Jeane (SBA Office of Advocacy) informed ASA that Revenue Ruling 2021-2 obsoletes IRS Notice 2020-32 and Revenue Ruling 2020-27, which provided that taxpayers could not deduct otherwise deductible business expenses that were paid with forgiven or forgivable PPP loans. …