ACEC Missouri recently sent a letter to Patrick McKenna, MoDOT Director, regarding the Paycheck Protection Program (PPP) within the CARES Act and how it has had a profound impact on nearly every small business in America. While this program has generally been met with hope and optimism from those that have received the loans, there is significant concern within the Engineering community about some serious unintended consequences. This concern revolves around two key issues; the deductibility of the underlying expenses for income tax purposes and the treatment and impacts on a consultant’s overhead rate. To read the full letter to MoDOT, click on the link below.
Click Here for ACEC-MO PPP Letter to MoDOT