Trending Now | By Lauren Detweiler June 16th, 2021

Counting Down the News - June 16, 2021

Counting Down the News - June 16, 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: “Chaos” in the shipping industry, a shift in consumer spending, advice for small businesses to “stay the course” as the economy accelerates, and more.

Bloomberg: Retail sales fell further in May than expected, “suggesting a shift in consumer spending to services as the economy reopens.”

The Hill: Washington Prime Group, owner of more than 100 malls in the US, has filed for Chapter 11 bankruptcy.

NPR: If you’ve been noticing long wait times for shipping, it’s not just you. On both land and sea, “chaos” in the shipping industry is “choking the economy.” 

Fast Company: There’s something you don’t see every day – NFL player Dan Vitale has announced his job search on LinkedIn.

Small Business Trends: New data shows that “by 2024, mobile wallets will be responsible for one-third of all POS transactions globally.”

Yahoo! Finance: Vice President Harris has announced “the Biden administration is releasing $1.25 billion to hundreds of community lenders.”

Bloomberg: Plenty of economic reports to analyze this week – retail sales and factory data are indicating “growing pains” for the US economy.

Forbes: Goldman Sachs CEO David Solomon is encouraging small businesses to “stay the course” as the economy accelerates.

CBS News: A new poll finds Americans are “mostly optimistic about jobs in their area and their own ability to find a new job, if they want to.”

CNBC: “Proposed retirement legislation that’s pending in Congress would create an online ‘lost and found’ database” to help locate lost 401(k) accounts and pensions.

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.

  • 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: 

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

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