Trending Now | By Lauren Detweiler July 28th, 2021

Counting Down the News - July 28, 2021

Counting Down the News - July 28, 2021

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: A new PPP “fast forgiveness portal”, $500M in Covid-related fraud, the dos and don’ts of starting a side business, and more.

Inc.: Heads up – the SBA is launching a “fast forgiveness portal” to expedite forgiveness for the remaining 7.8 million PPP loans, worth $385.4 billion.  

Reuters: US consumer confidence rose unexpectedly in July to a 17-month high. It was also the sixth straight monthly increase.

CNBC: According to the FTC, “consumers have reported losing more than $500 million to Covid-related fraud since the beginning of 2020.” 

The New York Times: The team President Biden has chosen to work on antitrust issues “signals a big swing at corporate titans.”

Department of Justice: 22 individuals have been charged in connection with a scheme to fraudulently obtain over $11 million in Paycheck Protection Program loans.

Entrepreneur: Thinking of starting a side business? Here are some of the dos and don’ts before you get going. 

Forbes: Supply chain issues can certainly help explain many of the challenges small businesses face – but labor shortages don’t help, either.

CNBC: There are unemployed workers across all generations, but one study suggests that Gen X may be facing the biggest jobless crisis. 

Small Business Trends: Buying a business is a huge undertaking. Here’s a checklist to make sure you have all your due diligence bases covered.

Bonus content: 

  • Looking for help with the PPP forgiveness process? Our experts at TaxCPE converted the SBA’s very complicated instructions and side computations into a series of worksheets that make completing the SBA applications (Form 3508EZ and Form 3508) considerably easier. Download them here.

  • Also available: TaxCPE’s 2-hour "PPP Loans & Forgiveness" CPE webcast is ready to answer your most difficult questions and guide you through the PPP forgiveness application with our comprehensive worksheets. See it here.

Don’t miss our most recent CountingWorks posts: 

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

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About 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.

All Articles by Lauren Detweiler

2549 Eastbluff Drive #448
Newport Beach, CA 92660

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