Filtered by category: Economics Clear Filter

A Mid-Crisis Assessment to Prepare for the New Normal

From the NAW Blog:

During and after extreme disruption, such as that caused by the COVID-19 pandemic, the thought of doing a performance assessment can be overwhelming. However, taking a microscope to performance in a time of crisis can tell us more about our core underlying capabilities than in a time of stability.

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Topics to Consider Regarding Second Draw of PPP Funding

February 2021 Article by:

Michael S. Hampleman & Roman A. Basi

Basi, Basi & Associates at The Center for Financial, Legal & Tax Planning, Inc.

Business owners, CPAs, loan officers, and if applicable, business brokers, should use a variety of tactics simultaneously as businesses pursue economic support in the form of a second draw of PPP funding. Per advice from the AICPA, the American Institute of Certified Public Accountants, borrowers may need to be act quickly and diligently to fill out their forms for a second round of PPP funding.

Some lenders are requiring PPP borrowers to apply for forgiveness on their first-draw PPP loan before they file to seek a second-draw PPP loan. However, according to the SBA and Treasury, this is not a requirement. Possible borrowers may want to consider other lenders to process the second-draw loan application without the business having to file for forgiveness on their first PPP loan.





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An Analysis and Overview of The Second Round of PPP Funding

January 2021 Article by:

Michael S. Hampleman & Roman A. Basi

Basi, Basi & Associates at The Center for Financial, Legal & Tax Planning, Inc.

On December 27, 2020, late Sunday night, President Trump signed into law the $900 billion COVID-19 relief bill that was passed approximately a week before by Congress. The legislation, the Consolidated Appropriations Act of 2021, calls for direct payments to individuals and funding to other various communities and sectors that have been hit hardest directly by COVID-19.



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What's the Net Investment Income Tax and How does it Apply to Me?

What's the Net Investment Income Tax and How does it Apply to Me?

August 2020 Article by:

Matthew A. Dolan & Roman A. Basi
Basi, Basi & Associates at The Center for Financial, Legal & Tax Planning, Inc.

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Strategies for Investors in a Volatile Market

From my401kPartners.com

During volatile times, many investors get agitated and begin to question their fundamental investment decisions and choices.

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California job growth continues to lead the nation

From Beacon Economics

The latest release from the California EDD shows that the state accounted for nearly one-fifth of all job gains in the nation in March, according to an analysis released jointly by Beacon Economics and the UCR School of Business Center for Economic Forecasting and Development. READ MORE

California exports continue robust growth

From Beacon Economics

California’s merchandise export trade had an exceptionally strong showing in February, although merchandise imports pulled back in the latest numbers, according to a Beacon Economics’ analysis of U.S. trade statistics released this morning by the U.S. Census Bureau. READ MORE

Trump 'Unknowns' Continue To Cloud Economic Forecast

From Beacon Economics

The ability to accurately forecast where the U.S. and California economies are headed continues to be seriously hampered by the enormous uncertainties stemming from the ongoing turmoil of President Donald Trump’s administration.

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Quarterly forecast for six major regions in California

From Beacon Economics

Each quarter, find updated analysis that goes beyond the state and national level to present a snapshot of employment, home prices, consumer spending, personal income, and other leading economic indicators within key areas of the state. READ MORE

U.S. Small-Business Optimism Index Surges by Most Since 1980

From Bloomberg

The National Federation of Independent Business’s index jumped 7.4 points last month to 105.8, the highest since the end of 2004, from 98.4. While seven of the 10 components increased in December, 73 percent of the monthly advance was due to more upbeat views about the outlook for sales and the economy, the Washington-based group said. Read More

Credit Managers’ Index Reaches Nine-Month High

From NACM's eNews Weekly Update

The strong, 54.6 showing of the combined manufacturing and service sectors continues a trend of mostly steady gains that began in November, although a couple of key categories showed signs of losing steam. Click here to read more

ISM Manufacturing Index Points to First Expansion in Six Months

From MarketWatch.com

The Institute for Supply Management said its manufacturing index rose to 51.8% last month from 49.5% in February. Click here for more information

Businomics Newsletter February 2016

By Bill Conerly

Businomics ®: Connecting the dots between the economy and business. Click here to see the February issue