August Journal

July 1, 2020

August Financial Update

August this year is like May most years: the quiet after the tax storm. If you haven’t filed your federal taxes, July 15 was the deadline! For a full list of tax deadline dates, see the IRS Tax Calendar, but briefly:

  • No deadlines except payroll tax deposits!

Government Aid in Coronatimes

What’s Happening, in Charts

The coronavirus continues to be on everyone’s mind as we all work from home and wonder what’s going to happen with schools in the fall. Perhaps most interesting in business are the continued evolution of work-from home and recession stats. Start with 30 Stats on Working from Home and see more in the links below.

Meanwhile, the US and Europe have entered a recession, with different views arising about recovery. The virus has had a huge impact on different sectors of industry: 78.3% of manufacturers anticipate a financial impact. The outbreak’s affect in the US has been considerable, and goods from overseas (as seen in the China chart below) are heavily affected as well.

Source: Statista, Chinese Manufacturing Heavily Affected by COVID-19 Outbreak

But on the other side of things, the political climate in America has had a lot of effects. One is the effect of making people less likely to talk about politics. Sometimes you don’t even have to say anything, just wearing a mask or a t-shirt can say enough. Either way, Americans are worried about the perception of what they say.

The Economist: Land of the Free-ish. Americans are getting more nervous about what they say in public

General Links from Around the Web:

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Security Links!

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Nonprofit Links

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Business Links

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