Trending Now | By Lauren Detweiler July 7th, 2021

Counting Down the News - July 7, 2021

Counting Down the News - July 7, 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: An increase in payrolls last month, the massive ransomware attack affecting hundreds of companies, businesses getting cash from the government through the Employee Retention Credit, and more.

CNBC: This chart shows the one month net change in jobs for the month of June 2021. Leisure and hospitality, government, and professional and business services are leading the way.

CBS News: Jeff Bezos has stepped down as the CEO of Amazon, with Andy Jassy (former head of Amazon Web Services) taking his place.

Small Business Trends: 43% of US workers “are on the fence in terms of returning back to work amid high levels of productivity from working remotely.”

CNN: A massive ransomware attack took place over the weekend “which could potentially cost tens of millions of dollars and affect more than 1,000 other companies.”

TechRadar: Heads up – there’s a devious Paypal phishing campaign that’s scamming innocent people. Here’s what to know.

Wall Street Journal: Jobless claims in the US fell to 364,000 in the latest report, a new low since the start of the pandemic.

CNN Business: Good news for anyone that wants to see consumers spend more money – consumer confidence has jumped to its highest level since the start of the pandemic.

Reuters: Private payrolls increased in June as the economy reopens, with “hiring in the leisure and hospitality sector accounting for nearly half of the increase.”

CNBC: Businesses are getting billions in cash back from the government to offset hiring costs thanks to the Employee Retention Credit.  

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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