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Counting Down the News - May 6, 2020

Counting Down the News - May 6, 2020

Having trouble sorting through the endless barrage of news and content online every day? You aren’t alone. Every week, we publish a curated list of some of our favorite articles for small businesses. Tune in every Wednesday to read the latest SMB news, thought leadership pieces from our favorite bloggers, #smallbiztips, and much more.

Counting Down the News this week: The small businesses left out of COVID-19 relief programs, shifting toward a more remote workforce, the quick depletion of new PPP funds, and more.

CNBC: New survey data shows just how many small businesses were left out of governmental relief programs like PPP and EIDL – and indicates they won’t survive long without help.

Forbes: Layoffs are an unfortunately common occurrence in the time of COVID-19. If you are forced to handle this as a manager, here is some guidance on working through the situation in a way that is respectful to your employees and your organization.

Fast Company: Running an internship during the coronavirus emergency? Here are some tips to design a great remote intern program.

The Hill: We saw this PPP news coming – “The Small Business Administration (SBA) said it has allotted over half of the $310 billion in a key coronavirus relief fund in less than a week, setting expectations that it will run dry this week.”

NPR: Some “not-so-small businesses” are continuing to benefit from Paycheck Protection Program loans.

Bloomberg: As of the most recent release of unemployment figures, the six-week total topped 30 million since the coronavirus pandemic began affecting businesses across the country.

The Atlantic: Small businesses – brace yourselves (if you haven’t already). “The great small-business die-off is here, and it will change the landscape of American commerce, auguring slower growth and less innovation in the future.”

Small Business Trends: A new study indicates that “over half (57%) of Americans say they would prefer to work at home in the future.”

The Hill: To open or not to open? As states start easing social distancing restrictions across the country, small businesses face their own tough choices.

Bonus content: 

  • As the COVID-19 outbreak continues to disrupt our lives across the board, we’ve received many questions about how tax and accounting pros should respond. To help, we created a Coronavirus Resource Hub with all the info you need to keep up. Be sure to explore and bookmark this page as we’re updating it daily.

Don’t miss our most recent CountingWorks posts: 

  • Tips for Reaching 100% Forgiveness on Your PPP Loan
  • Congress Provides Sick Leave and Child Care Leave Benefits for Employees
  • Paycheck Protection Program and Health Care Enhancement Act: What's In It?
  • Laid Off During the COVID-19 Crisis? 4 Things You Can Do to Boost Your Job Prospects

Did we miss a great article this week? Let us know in the comments below!

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Lauren Detweiler

Lauren Detweiler

I am equal parts marketer, traveler, and writer, and I've been doing all three for as long as I can remember. I have spent most of my time since graduating university traveling and working remotely in Africa and Europe. My passion lies in conveying the right messaging to the right people, and being a part of the CountingWorks and TaxBuzz team means I get to do that not only for our company, but for clients across the country as well.

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