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:
January 28
CNBC: 10,000 stores are expected to close in 2021, as pandemic continues to pummel retailers
The New York Times: The SBA finds ‘anomalies’ in hundreds of thousands of small business relief loans
Yahoo! Finance: Jobless claims: Another 847,000 Americans filed unemployment last week
January 27
MarketWatch: Home prices are rising at the fastest pace since the Great Recession, price barometers show
CNBC: Restaurants staged nimble responses to Covid’s blows in 2020, but 6 years of growth were wiped away
January 26
CNBC: U.S. toy sales surged 16% in 2020 as parents looked to entertain kids during pandemic
Forbes: Tax Refund Chart Can Help You Guess When You’ll Receive Your Money In 2021
Fast Company: Still no IRS stimulus check in the mail or by direct deposit? Here’s how and when to trace it
January 25
Fast Company: Taking on additional responsibilities at work? You’re not alone
Yahoo! Finance: Stimulus checks and taxes: What you need to know before filing your 2020 income tax returns
NBC News: Tech companies are leaving Silicon Valley for cheaper cities
January 24
CNN Business: The megarich have already recovered from the pandemic. It may take the poor a decade to do so
January 23
Forbes: Win $1 Billion Mega Millions Lottery Jackpot, Pay Mega Taxes
January 22
USA Today: Stimulus checks and taxes: What you need to know before filing your 2020 income tax returns
Reuters: U.S. labor market recovery fading; housing, factories underpin economy
Forbes: A Cultural Tax History Of The Three-Martini Lunch
January 21
Fast Company: Biden stimulus update: What the new president and Senate could mean for third checks
CNN Business: A big infrastructure spending bill might finally be in the cards
Yahoo! Finance: Jobless claims: Another 900,000 Americans filed new unemployment claims last week
January 20
Bloomberg: San Francisco Office Vacancy Rate Eclipses Financial-Crisis High
Yahoo! Finance: Over $5 billion in U.S. small business relief loans approved in first week: SBA
CNBC: States have tried seizing unemployment benefits during the pandemic. Some fear new rules won’t help
January 19
Forbes: State Death Tax Hikes Loom: Where Not To Die In 2021
CNBC: Yellen says U.S. must ‘act big’ on next coronavirus relief package
Fast Company: IRS stimulus checks: Painfully slow mailed-out payments frustrate many Americans
January 18
CBS News: Third stimulus check: When could you get a $1,400 check?
January 17
January 16
Forbes: IRS Announces Filing Season Open Date (It’s Later Than Expected)
January 15
TaxBuzz: What’s Inside Biden’s $1.9 Trillion Stimulus Package
CNN Business: Huge step in the wrong direction: Unemployment claims soar
Forbes: IRS Says Key Tax Forms Will Be Ready For Tax Season, But There’s No Start Date Yet
January 14
The Hill: SBA to reopen Paycheck Protection Program on Jan. 15
CNBC: How being unemployed in 2020 could lead to a surprise tax bill
USA Today: Hurting long before COVID-19, failing companies took stimulus money then closed anyway
January 13
Fast Company: IRS stimulus check update: What to know about mailed payments and the Friday deadline
Reuters: U.S. labor market losing speed as COVID-19 spirals out of control
CNBC: Cellphone service is cheaper, but bills haven’t dropped — taxes are one reason why
January 12
CNBC: Many workers are unsure how, or when, they can collect extra unemployment benefits
Forbes: FAFSA Simplification Changes Which Parent Must File The FAFSA
CNN Business: Only 39% of Americans can afford a $1,000 emergency expense
January 11
CNBC: State tax departments set their sights on pro athletes’ earnings
The Wall Street Journal: PPP Loans: Everything We Know About Latest Small Business Protection
NBC News: PPP loan program reopens with revamped rules to stamp out fraud
January 10
CNN Business: Nearly 4 million Americans have been out of work for at least six months
January 9
Forbes: Can You Deduct Business Expenses Used For PPP Loan Forgiveness?
January 8
CNN Business: Mortgage rates kick off 2021 with a new record low
Reuters: Error puts millions of U.S. stimulus payments in wrong accounts -TurboTax
Fast Company: Extra unemployment benefits update: Here’s the latest on which states are paying and what to expect
CNBC: Millions of stimulus debit cards will be mailed out starting this week
January 7
MarketWatch: Bitcoin price surges to $40,000, doubling in just about 3 weeks
The Wall Street Journal: U.S. Unemployment Claims Remain Elevated While Consumer Demand Boosts Goods Imports
CNBC: Weekly jobless claims little changed despite signs that hiring is slowing
January 6
CNBC: Scammers have taken $36 billion in fraudulent unemployment payments from American workers
The Wall Street Journal: Covid-19 Aftermath Could Spell a ‘Lost Decade’ for Global Economy, World Bank Says
Fast Company: IRS Get My Payment: Stimulus check went to the ‘wrong’ bank account? This might be why
CNBC: Private payrolls post first drop since April as coronavirus spread hits job growth, ADP says
January 5
Yahoo! Finance: Where’s My Stimulus Check? Use the IRS’s “Get My Payment” Portal to Get an Answer
CNBC: Some states start paying $300 unemployment boost while others lag
The Hill: Poll: 75 percent of voters say $600 coronavirus relief checks are ‘too little’
January 4
CNBC: More than 20 years of airline passenger traffic growth got erased in 2020, report finds
Yahoo! Finance: Inflation Is on the Way for 2021 – Here’s What That Means for You
The Wall Street Journal: Economists Expect Tough Sledding in Winter, Then a Rebound
January 3
The Hill: Twenty states raise minimum wage at start of new year
January 2
CNBC: U.S. air travel hits pandemic high over New Year’s holiday amid surging Covid outbreak
