October 2020

going up

GDP Jumps to Record-Setting 7.4% in Third Quarter

The economy set a record-breaking rebound in the third quarter — but there’s still a long way to go before a full recovery is made. America’s GDP (gross domestic product) — the value of all goods and services produced — grew by approximately 7.4% from July to September. This indicates that consumers and businesses had…

password

“What’s Mom’s Maiden Name?” Password Best Practices

In its annual report on password “strategies”, Security.org, a team of security experts and advisors found that topical issues are a dominant feature of passwords. So, it should come as no surprise that many Americans, 14% according to their study, are using COVID-related passwords online. Another key topic of course, is the upcoming US election. If…

Coronavirus robot

Automation is the Answer for Small Businesses

Approximately 84% of small businesses are using at least one form of digital technology and the events of the past year have helped push that number higher. The pandemic has caused an acceleration the automation of tasks normally carried out by actual people. Jobs like, administrative assistants, bookkeepers, and payroll managers, are moving to automation…

making money remote

10 Ways to Create Your Own $1,200 Stimulus Check

As Washington continues to debate the terms of a second stimulus check to boost your budget during the pandemic – you don’t necessarily have to wait. Republicans and Democrats have been negotiating for months — and still haven’t agreed on a new relief package that would include another round of those $1,200 checks most people received in…

money clock

Tick Tock! 48 Hour Deadline Given to Strike a Stimulus Deal

House Speaker Nancy Pelosi issued a 48-hour deadline to strike a deal on a COVID-19 relief package if federal aid is expected to reach Americans before Election Day. Pelosi stated she and the White House are at an “impasse” over a bipartisan deal that’s expected to send $1,200 checks to most Americans. “We don’t have…

debt image

Up to $50K Forgiven on Loans for Small Biz Owners

Business owners who borrowed $50,000 or less through the Small Business Administration’s loan program can get the up to that amount forgiven. Though they must file the appropriate paperwork. However, accountants urging business owners not to jump at the opportunity to have their debt forgiven. This is likely because the Small Business Administration (SBA) may…

Sick days

NYC’s Paid Sick Leave Law Amended to Match State Requirements

Last month, the New York City Council enacted Int. No 2032-A, aka paid safe and sick leave law, which days later was signed into law by the mayor. The new law amends the city’s paid sick leave requirements, on the books since 2014, and aligns it with the state’s recently enacted paid sick leave law. The…

IRS screenshot

IRS Deadline Extended to Register for Federal Stimulus Checks

The IRS has extended the deadline for approximately 9 million Americans to register to receive a federal stimulus check. The extension was pushed to November 21, from the original October 15 deadline to register for IRS.gov’s non-filer tool to receive stimulus money. The extension comes as the IRS attempts to reach millions of individuals who may qualify for…

paycheck

9 States That Legally Don’t Need to Provide Pay Stubs

Everyone loves payday right? But do you love your pay stub? Well, if you live in these 9 states you don’t even get one because federal law doesn’t require employers to provide them. But what do you do if you need one? Well, we answer all those questions. Let’s begin with the fact that private…

rising

How to Keep the Economic Recovery Effort Going

In what will be the last jobs report before the Nov. 3 election, we learned that the U.S. economy added 661,000 jobs in September. These numbers indicate the labor market’s recovery from the coronavirus pandemic may be leveling off as the second round of government stimulus relief seems more and more likely. In the September report, we see the unemployment…

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