Articles for August, 2020
Tax and Financial News
R&D Tax Credits May be Part of the Next Tax Relief Bill
August, 2020
As the economic impact of COVID-19 lingers and an impending second wave is on everyone’s mind, Congress is already thinking of new legislation to stimulate the economy. One of the ideas on the top of the list...
HEROES ACT Can Combat Economic Downtown
July, 2020
The HEROES Act, otherwise known as the Health and Economic Recovery Omnibus Emergency Solutions Act, can greatly improve the benefits for the earned income tax credit (EITC) for eligible workers who don't have...
General Business News
How to Develop an Employee Leave Policy During COVID-19
August, 2020
According to the United States Department of Labor's Wage and Hour Division, the Families First Coronavirus Response Act addresses how select businesses must give their workers paid sick leave...
Hiring in the Age of Coronavirus
July, 2020
The U.S. job market gained 2.5 million jobs during the month of May, dropping the unemployment rate to 13.3 percent, according to the U.S. Bureau of Labor Statistics. There's likely been a lot of rehiring, with...
Stock Market News
How Will the Market Price in Q2 Earnings?
August, 2020
The New York Fed Staff Nowcast predicts a negative 14.3 percent (-14.3 percent) growth of real GDP for Q2 of 2020 and a positive 13.2 percent growth of real GDP for Q3 of 2020. Clearly, the Fed...
How Likely Would a Second Coronavirus Wave Negatively Impact the Stock Market?
July, 2020
As Johns Hopkins University of Medicine's Coronavirus Resource Center revealed a recent increase of coronavirus cases in the Southern and Southwestern United States, the VIX ticked...
Financial Planning
Borrowing From Your Retirement Plan: New CARES Act Rules
August, 2020
It’s been nearly half a year since Americans first became widely aware of the coronavirus contagion within the United States. While for a brief month it looked as if we had the virus in hand, since...
How To Use Qualified Charitable Distributions For Charitable Giving
July, 2020
Each year, millions of Americans make donations to charitable organizations and receive something in return – a tax break. However, the 2017 Tax Cuts and Jobs Act curbed this tax advantage because it reduced the...
What's New in Technology
Robotics Carves Out Niche in Various Businesses
August, 2020
Away from the movies, robots are becoming a reality in everyday life...
Fileless Malware Poses New Threat to Computer Users
July, 2020
With increased cyber threats, there is great awareness of malware that comes attached in files.  Individuals and businesses invest in security solutions to protect against malware. In fact...
Guest Writer of the Month
IRS Gears Up for Aggressive Enforcement
August, 2020
Recently, the IRS Commissioner testified before the Senate Finance Committee, sending the message that the IRS is committed to catching intentional tax evaders. There was no ambiguity in the message of his testimony to...
How to Develop a Sanitation Plan for Employee and Customer Safety
August, 2020
As part of a comprehensive strategy to cope with COVID-19 and reduce the risk of spreading it, developing a sanitation plan is a necessary tool that businesses can implement during the reopening...
How Businesses Can Help Protect Themselves Against Civil Unrest
July, 2020
If the COVID-19 pandemic isn't a big enough strain on businesses trying to engage in commerce, whether it’s retailers, restaurants, manufacturers or those in the service sector, civil unrest puts another strain on...
Tip of the Month
Help for People Struggling to Pay Bills
August, 2020
The impact of COVID-19 has caused many Americans to suffer hardships, one of which is struggling to make ends meet. But take heart; there are solutions. Here are a few areas in which creditors are working...
Best Part-Time Jobs During Corona
July, 2020
Even though unemployment is still relatively high, there are still some great part-time jobs you can do that will help cover basic expenses. Here’s a list of the industries that are hiring right now...
Congress at Work
Relief and Funding for Human Rights, Emergency Aid, Cash-Flow Assistance and New Infrastructure Projects
August, 2020
Law Enforcement Suicide Data Collection Act (S 2746) – This bill authorizes the establishment of a new Law Enforcement Officers Suicide Data Collection Program to...
Helping Small Business Owners, Seniors and U.S. Hostages, and Limiting Intrusive Domestic Surveillance
July, 2020
Paycheck Protection Program Flexibility Act of 2020 (HR 7010) – Rep. Dean Phillips (D-MN) introduced this legislation on May 26. This Act modifies provisions related to small business loans issued under the...