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Will Localized Outbreaks Derail Recovery?

The news this week has been a bit of a mixed bag. The bad news is that we’ve seen signs of localized outbreaks in several states. In recent days, Arizona, California, Florida, and Texas have all had significant spikes in cases. But here’s the good news: outside of these and a handful of other states, the virus remains under control. There’s still no sign of a national second wave of infections.

As of June 17, three of those states with data available (i.e., Texas, Florida, and California) reported 10,300 new cases, or almost 40 percent of all new cases across the country. This suggests that conditions continue to improve in most of the remaining 46 states. Although those outbreaks have affected the national numbers, they remain localized, for little national effect on a net basis. The rate of positive tests has stayed low as well, suggesting that the data continues to trend favorably.

Covid19 Office Update

Important update regarding office operations due to Covid19.

The Tax Implications of Working from Home

In addition to causing countless hardships, the COVID-19 pandemic has created smaller issues that may be easy to overlook during a crisis. With employees working remotely far more often, for example, one such issue is the complexity of a scattered workforce and its various tax implications.


Consumers Moving Back into Economy-But Risks Remain

Over the past week, the biggest news in the coronavirus crisis has been what's not happening; that is, we're not seeing any signs of a second wave of infections as a result of the ongoing reopening of the economy and the loosening of social distancing measures. In fact, the data reveals that social distancing had been subsiding in many areas even before the formal loosening. So, we're three weeks or more into the start of a new environment for the spread of the virus, and there has not been a significant increase in the case growth rate. In fact, case growth itself has trended back down to around 20,000 per day.
The real question is whether recent public protests will generate a second wave of infections. We won't know the answer for at least another two weeks, but this possibility is something we must keep an eye on through June.

Spread Rates Remain Low as Reopening Continues

Over the past week, we've seen more good news in the coronavirus crisis. Perhaps most important, there were no signs of a second wave of infections stemming from the ongoing reopening of the economy and the loosening of social distancing measures in several states. In fact, the data reveals that social distancing had been subsiding in many areas even before the formal loosening. At two weeks or more into the start of this new environment for the spread of the virus, some growth in cases could have been expected. The fact that we have continued to see the spread rates at close to the lowest levels of the pandemic is a real positive.

Early Signs Suggest Reopening Going Better Than Expected

In the past week, we had some mixed news on the coronavirus pandemic. Testing continued to rise, although improvement in slowing the spread rate and case growth seemed to stall. Further, the number of active cases started to grow again, a negative sign. Overall, conditions still remain much better than they have been in recent weeks, but we did not see much (if any) additional progress in controlling the virus.

Beware of Coronavirus Scams

The IRS has announced a warning agains coronavirus scams.  Please use caution and read the article informing of items to watch out for.

Pandemic Slowing, Economy Reopening, and Markets Reassessing

In the past week, we've had some good news. To start, there has been continued and even accelerated progress with the pandemic, and it looks like we could be approaching "phase 2." Plus, the economy has started to reopen, resulting in some positive effects. But the news for the financial markets hasn't been so good, as they've experienced volatility as the prospect of reopening has turned into reality. Let's take a closer look.

What Will Progress in the Coronavirus Crisis Mean for the Economy and Markets?

In the past week, we've seen signs of progress in the coronavirus pandemic. As such, it's a good time to evaluate where we are with containing the virus-and what comes next for the markets and economy. Let's start with taking a look at the data on the virus itself.

Q&A: Understanding the New CARES Act

On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) into law. The CARES Act has been enacted as a direct response to the COVID-19 pandemic and is intended to provide immediate and ongoing economic relief to individuals and businesses affected by the crisis.
The following Q&A covers key questions you may have about the legislation.