As the whole world grapples with the personal, professional, and economic fallout of the COVID-19 outbreak, we wanted to help our tax and small business clients stay up to date on the latest news affecting them each day. Keep checking back for the top headlines to stay informed.
Here is some of the important news to keep up with today:
Daily News: LA County giving $10,000 each to businesses as coronavirus hits bottom lines
Barrons: The Dow Is Soaring on Optimism About Covid-19. Travel Stocks Are Rising.
Industry week: Are You Compliant with COVID-19 Leave Laws?
Bloomberg: Pelosi Says Next Stimulus Round Will Be $1 Trillion or More
CBS News: Wells Fargo stops taking applications for Paycheck Protection Program loans
USA Today: Homeowners hurt by COVID-19 can delay mortgage payments, but some say they’re anxious and confused about the real cost
The Hill: Yellen: Unemployment already likely at 12-13 percent
The Wall Street Journal: Big Restaurant, Hotel Chains Won Exemption to Get Small Business Loans
MarketWatch: Retailers lost 46,200 jobs in March but could lose millions by May
The Hill: Bank of America sees $33B boom in coronavirus rescue loan applications
The Washington Post: Thousands flood banks as federal small-business loan program begins with bankers expressing worries
CNN: The coronavirus pandemic has been catastrophic for house cleaners and nannies
CNBC: Bank of America’s small business loan portal is up, making it the first major bank to begin program
NPR: U.S. Lost 701,000 Jobs In March; Much Worse To Come
The Hill: Poll: Almost one in four small businesses are two months or less away from closing permanently
Forbes: Coronavirus Business Tracker: How The Private Sector Is Fighting The COVID-19 Pandemic
The New York Times: Trump Administration Scales Back Paid Leave in Coronavirus Relief Law
NPR: A Dismal Record: Nearly 10 Million Filed For Unemployment In Last 2 Weeks
Entrepreneur: How to Obtain an SBA Coronavirus PPP Loan and Have It Forgiven
USA Today: Here are the companies mass hiring during the coronavirus pandemic
Fast Company: Unemployment benefits for gig workers and freelancers: Here’s what we know so far
Politico: Social Security recipients won’t need tax return to receive stimulus payment
Forbes: Nearly 700,000 Retail Workers Out Of Jobs So Far Because Of Coronavirus
The Hill: 7 industries lobbying for more stimulus
The Hill: Trump calls on Congress to restore tax deductions for business meals, entertainment
Politico: Coronavirus hits the economy where it hurts: Consumer confidence
CountingWorks: Commercial Tenants: Dealing With COVID-19 Shutdowns and Your Lease Obligations
Fast Company: What is an ‘essential’ business anyway? A cheat sheet for getting through the COVID-19 pandemic
Politico: States overwhelmed by previously unimaginable layoff numbers
CNN: What will travel look like after coronavirus?
The Hill: Poll – 28 percent of Americans say they’ve already lost wages due to coronavirus
Fast Company: What is ‘force majeure’? The legal term you’ll be hearing a lot during the coronavirus crisis
Bloomberg: Goldman Sachs Sees 34% Plunge in U.S. GDP and 15% Unemployment
Barron’s: What the 1918 Flu Can Teach Us About Avoiding an Economic Meltdown
NBC News: Most cruise lines don’t pay taxes in the U.S. — just one of the reasons they aren’t getting a bailout
Los Angeles Times: Restaurants are pivoting to takeout and delivery. Will it be enough to survive?
Wodify Blog: Coronavirus/COVID-19: Guide for Gym Owners
Touch Bistro: Restaurant Marketing Ideas During Coronavirus
The Hill: Coronavirus poses new threat to mortgage industry
The Daily Beast: Do I Have to Pay My Rent or Mortgage During the Pandemic?
Fast Company: The coronavirus crisis is hitting childcare workers especially hard
CNBC: A food crisis looms as coronavirus forces farms to stay idle and countries hoard supplies
Forbes: Malls Survived The Retail Apocalypse, But Coronavirus Threatens To Be Their Armageddon
Bloomberg Businessweek: Boutique Fitness Studios Reduce to a Staff of One to Save Their Business
The Wall Street Journal: White House Extends Social-Distancing Guidelines Until End of April
Forbes: Beware Of Stimulus Check Scams And Related Hoaxes
The Hill: Trump floats restoring full corporate tax deduction for meals as coronavirus derails restaurants
Politico: Cannabis finds its moment amid coronavirus outbreak
Forbes: Zero Contact Everything: Coronavirus Causes The Rapid Rise Of ‘No Touch’ Retail
The New York Times: David Chang isn’t sure the restaurant industry will survive Covid-19
Forbes: IRS Continues To Limit Operations Due To Coronavirus Crisis, But Will Still Issue Tax Refunds
CNBC: New Yorkers have until July 15 to file state tax returns, Cuomo confirms
Fox Business: Coronavirus stimulus checks: Should you wait to file your 2019 tax returns?
Forbes: How To Maximize Your Coronavirus Stimulus Check
The Hill: House passes $2 trillion coronavirus relief bill, with Trump to sign quickly
The Wall Street Journal: How the Coronavirus Paid Leave Rules Apply to You
Politico: House to pass $2 trillion coronavirus package — but not without last-minute drama
The Wall Street Journal: Construction Companies Lobby to Keep Working as Coronavirus Spreads
Fast Company: An official World Health Organization COVID-19 app is coming soon
There is a lot to work through here but please get in touch with us if you have a question.
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