As COVID-19 continues to run rampant in the United States, individuals everywhere are experiencing emotional, physical and economical implications. In an effort to ease the pandemic’s detrimental effects, the federal government has recently passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
Social distancing is the main strategy being used across America to help prevent the virus from spreading. Events have been canceled, gatherings of large groups of people are prohibited, schools have temporarily closed or moved online and nonessential businesses are required to close, reduce their hours or minimize their offerings. Small and local businesses are likely to suffer greatly, but if communities are vigilant, there are several ways you can still support your favorite spots.
For many Americans, tax season has taken a back seat to the recent COVID-19 pandemic and volatile economic situation But as you prepare to file for the 2019 tax season this year, there are a few important changes to keep in mind. Last year was the first tax season affected by the recently passed Tax Cuts and Jobs Act of 2017, meaning taxpayers are still getting used to the changes this legislation brought on. But since filing last year, a few additional changes have occurred, which we’ll discuss below.
While many investors are losing confidence in their investments due to the recent market volatility, there are those out there who may find this an opportune time to pad their portfolio. If you’re wondering if now’s a good time to invest, start by taking these considerations into account. Then, if you’re still interested, get in touch with your investment advisor to review your options.
On March 27, 2020, the White House and Congress came to an agreement and passed the largest relief package in recent United States history, called the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Spreading $2 trillion amongst businesses, hospitals, families and individuals, this economic stimulus package is designed to bring relief to those experiencing the ever-increasing threat of economic turmoil and downturn amidst the COVID-19 pandemic
There are two very serious risks we face that certainly could end modern life as we know it: a viral pathogen and a large-scale power blackout. Given the pandemic we're currently experiencing, this should wake up governments and corporations everywhere to realize the severity of these threats and prepare for it seriously.