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  • Chen Moore and Associates

May 22, 2020

Peter Moore, P.E., F.ASCE, ENV SP, LEED AP

President, Chen Moore and Associates

Last week:The provision of the $2M limit as far as a Safe Harbor from audit on the PPP Loans was a huge step forward in providing certainty to business owners in uncertain times. The IRS and SBA need to finalize their rulings on tax deductions and the Department of Defense needs to drops its request that these monies not be allowable expenses in overhead costs. PPP was supposed to be a lifeline, it needs to not be treated like a payment.

  • Chen Moore and Associates

May 8, 2020

Peter Moore, P.E., F.ASCE, ENV SP, LEED AP

President, Chen Moore and Associates

Last week: I remember as a kid tracking Hurricane Andrew on my Publix Hurricane Map. You’d get the coordinates and graph the location of the storm. You’d hear on tv the storm might come or might not, but I didn’t interrupt my plans to attend Lollapalooza the day before I went to work the day of Andrew (yes, it was a Sunday). This past year, I was frozen with spaghetti model updates every three hours, answering to managers, employees and my family as our preparations for Hurricane Dorian advanced. The COVID-19 updates feel like spaghetti models coming out all the time.

Looking ahead: I’m a fan of Bayern Munich who plays in the Bundesliga (German Soccer League). Next week, they will join Korean Baseball as some of the few sports available to watch as a distraction from the COVID-19 updates and murder hornet stories. We have a lot of lessons to learn from Asia and Europe as they are ahead of us in the recovery from the onset of the virus. After 9/11, Hurricane Katrina and other tragedies, we looked to sports as both a distraction and sense of normalcy. Dolphins, Heat, Marlins, Panthers and beloved Gators, please save our sanity soon.

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  • Chen Moore and Associates

April 24, 2020

Peter Moore, P.E., F.ASCE, ENV SP, LEED AP

President, Chen Moore and Associates

Last week: This past week I’ve heard from friends who received funds for their business from the Payroll Protection Program (PPP) and I’ve heard from friends that were shut out and they are hoping for a second round of funding. A few things have jumped out at me, though. There are accusations of large banks prioritizing larger clients and making billions off of loans. I know the processes varied from bank to bank, requiring different levels of documentation and yielding different results. Loaning small business money saves more jobs than corporate donations or individual stimulus checks. I hope they get this right.

Looking ahead: The next great debate is when to “reopen”. Whether it be a beach or a business is where the suggestions vary. Let’s be clear, the potential for exposure to COVID-19 exists regardless of when these various places reopen. There will be more infections. We need to continue to be cautious and prepared. Our business is considered essential, but we sent most of our employees to work remotely before the mandatory closures and we’ll keep them working remotely after things reopen. If things reopen, will you consider staying in an extra day, week or month? It just might benefit you.

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