Business Owners Are Learning The Coronavirus Economic Relief Act Through The Cares Program Has Strings Attached. The Payroll Protection Program Money Is Not Tax Deductible. So Businesses Who Took Advantage Of The Payroll Protection Program Funds Won’t Be Able To Write Off Those Expenses On Their Taxes. For Example, The Coffee Company In Elizabethton Used 60-Thousand Dollars From The Program To Help Stay Afloat And Now Without Being Able To Deduct Payroll Expenses As Normal, The Business Will Face 12-Thousand Dollars In Extra Taxes.
