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ASA Meets With Treasury Department to Urge ‘Passthrough’ Deduction for Staffing Firms

ASA representatives met last week with top officials from the U.S. Department of the Treasury’s Office of Tax Policy. They presented the association’s position that owners of staffing firms should be eligible for the 20% deduction for qualified business income from “passthrough” businesses such as S corporations, limited liability companies, and sole proprietorships. The deduction is part of the sweeping tax reform legislation signed into law last year. ASA advanced strong arguments in support of owners of staffing firms being eligible for the tax deduction.