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MarketWatch MarketPulseOct 21, 2020
Rising number of COVID-19 cases in the U.S. is 'distressing,' CDC official says
Government officials said Wednesday afternoon they are "distressed" about the rising number of COVID-19 cases in the U.S., with one official noting that 75% of the country has reported an uptick in cases. The U.S. has been averaging about 60,000 new cases a day in the last week. "We're also seeing cases increase in really all parts of the country, in the Midwest, particularly, likely in part because people are moving indoors with the arrival of cooler temperatures," Dr. Jay Butler, deputy director for infectious diseases for the Centers for Disease Control and Prevention, said during a news conference. "We are all getting tired with the impacts that COVID-19 has had on our lives, we get tired of wearing masks, but it continues to be as important as it's ever been." He also said that all states have submitted vaccination plans to the federal government. CDC director Dr. Robert Redfield said he expects the U.S. government will have "a limited supply of one or more COVID vaccines" available for distribution by the end of 2020.

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KiplingerOct 21, 2020
There's Never Been a Better Time for Business Owners to Make a Move
The future is uncertain. COVID proves that.

SEE MORE Audit Alert: Why Business Owners Shouldn't Be Spooked by Captive Insurance Not only that, this election year is filled with unpredictability, especially for owners of small and midsize businesses. We are simultaneously navigating the uncertain waters of the Paycheck Protection Program as well as planning for possible changes in the business tax code.

2020 has been particularly brutal. According to MarketWatch, 55% of Yelp-listed businesses that closed due to COVID will stay closed permanently.

It's easy to see why many would assume a wait-and-see approach. Let's see who gets elected and how the tax code will change. Let's see how COVID stimulus is going to play out.

If you've found yourself saying things like this, let me be clear: This is anything but the moment to wait. I'm telling my clients that not only is it the right time to plan at least two years into the future, it's the right time to think big and consider whether an even bigger move makes sense.

Here's what you need to know to start making those plans:

Business taxes Small and midsize businesses should be building contingency plans now for whoever ends up winning the White House, as well as which party controls the House and Senate. Yes, it will take time before any legislation is passed regarding business taxes, but as COVID-19 has taught us, building those plans now and thinking at least two years ahead will set your business up for success regardless of the outcome on election night.

First, let's think about the most drastic scenario: a Democratic president and Senate. This is where I'd expect

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