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.