Beating COVID-19: Tips for Your Insurance, Finances, and Business - June 9, 2020

June 09, 2020
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News. Insights. Analysis. Inspiration.

 

Today's Key Question: 

The Labor Department reported last week that employers added 2.5 million jobs  in May. See the article below from the Washington Examiner.

Does that make you more confident that the economy won't suffer the worst-case scenario from the pandemic?

  

"IRS Rules Are Changing (For The Better) For Business Owners Due To Covid-19"

From Wealth Advisor:

* To further assist with the continuity of business and provide relief for small businesses, some tax policy is under review. It is worth looking at these areas to see if you should be recording or tracking things differently, rather than waiting until year-end and trying to backtrack. 

 

"The tech behind ‘social-distance selling’"

From Vogue Business:

* New technologies can aid in “social-distance selling” by helping retailers limit physical contact, reduce time spent in stores, avoid large groups of people and even utilise stores to fulfil online orders. Some of these technologies are still unproven; others are in the early stages of adoption. But use cases suggest they can help retailers recoup sales and increase customer confidence. As of April, 89 per cent of shoppers had concerns about shopping in physical stores according to a survey by payments service Fast.

 

"How to Plan for Your Employees’ Return to the Office"

If you're reopening your office, you need a plan to help ensure your employees' safety. 

From American Express:

* Employers looking to reopen in states that have lifted stay-at-home mandates should be thoughtful about how to balance safety with productivity and how they can meet the new expectations set by working from home. If you are planning to reopen your office, consider formalizing policies that cover everything from continued remote work to health screenings.

 

"Reopening your small business? Here are 3 important steps to take"

From USA Today:

* For much of April and May, small businesses suffered nationwide as stay-at-home orders forced non-essential operations to close their doors. Now that many parts of the country are starting to open back up, you may find that you're getting the green light to resume business as usual – or as per the new normal. If you're gearing up to reopen, there are numerous financial and logistical considerations you'll need to account for. Here are three crucial steps to take as you plan to welcome customers in once again.

 

"Signs the economy will escape the worst-case pandemic scenario"

From Washington Examiner:

* In total, 7.7 million people went from the ranks of the unemployed into employment, by far the highest such monthly move on record, suggesting that businesses were rehiring their workers en masse.

Here's a short video from Steve on how you can purchase insurance in these changing times....Watch Here