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OPINION: The Pandemic Lays Bare Our Information Problems
When the history of this era is written, special attention should be reserved for the prominent U.S. politicians who dismissed or misrepresented the COVID-19 pandemic for political purposes. The coronavirus has wreaked untold suffering and damage to this country, and it has been able to do this because we had a major failure of government. […]
OPINION: IRS Issues Guidance Denying Tax Deductions for PPP Loans
OPINION The IRS has released guidance on the deductibility of payments for otherwise-deductible expenses using funds from the Paycheck Protection Program (PPP). The guidance, although not unexpected, is not taxpayer friendly. Revenue Ruling 2020-27 describes two situations. In situation 1, the taxpayer incurred eligible expenses for which a PPP loan was obtained. In November, the
OPINION: 5 Ways For Companies To Give Back — And Still Make Bucks
OPINION As the coronavirus pandemic turns much of the business world upside down, numerous companies have pivoted while reevaluating their purpose, products, and relationships with customers. One area of emphasis that has gained traction is philanthropy. Many CEOs see helping those in need as an essential element of a business, especially in these unprecedented times.
Opinion: Why Buying A Small Business Now Is A Bad Idea
Normally, I am a proponent of buying small businesses. The data shows they make the world go ‘round. The U.S. Small Business Administration Office of Advocacy, which defines a small business as a firm with fewer than 500 employees, states that there are over 30 million such enterprises in the U.S. But a convergence of factors
Every year right after an election, I would find a small pile of requests waiting for me from journalists. They wanted some sort of comment on what it all meant. “What are the voters telling us?” they’d ask. It’s human nature to want to make sense of such a complex picture — to draw conclusions
OPINION: Time to Get Back to Business
The National Small Business Association (NSBA) congratulates all of the winners of the 2020 elections and looks forward to a productive nonpartisan working relationship that can address the many issues that face the small-business community. Many small businesses that have been severely impacted by the pandemic are barely treading water at this point, due in-part
OPINION: America Needs to Step Up to the Challenges
Having won the election for U.S. President, Joe Biden now has an opportunity to take stock of America, to assess where we have been and where we are going. With voting now behind us, I see several trends that will challenge President-elect Biden and his team. We do not seem to have a strategy to
Election Numbers Encouraging Sign for Democracy, Assembly Minority Conference
[November 3rd’s] historic election was the culmination of a truly remarkable effort from representatives at every level of government. Despite the ongoing COVID-19 health crisis, an enormous number of voters in New York state were able to safely cast their ballot and participate in our democratic process. Residents in New York should be proud
President Trump was right about vaccine timing
President Donald J. Trump was ridiculed and scoffed at by bureaucrats at the FDA when he repeatedly stated that a vaccine was nearing completion, possibly by election day. [The Nov. 9] announcement by Pfizer Corporation that they have a vaccine that is 90-percent effective just six days past election day is proof that the president was right.
Why an ACA Repeal is Bad for the Economy
The U.S. Supreme Court appears likely to uphold the Affordable Care Act (ACA), leaving the central aspects of the law in place. It’s a good move, not only for Americans’ health, but also for the economy. The ACA has been law for a decade now and provides affordable, government-subsidized health insurance to tens of millions
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