As 2020 comes to an end, vaccines are beginning to be distributed across the country, but it will be several months until things are back to “normal.” COVID-19 cases are increasing across the country and many regions are experiencing another round of business shutdowns. Although the manufacturing industry has fared better than other sectors, it still has been a challenging year and we are not out of the woods yet.
At this writing, Congress appears to be close to approving a new round of federal stimulus dollars, but it is uncertain how the new administration will handle economic relief. As 2021 nears, you may be wondering: What is the business outlook for U.S. manufacturing next year? What should you do now to prepare for next year’s business? What changes should you anticipate with your customers and suppliers once the pandemic ends? What impact will Paycheck Protection Program (PPP) loans have on your tax liabilities?
View the full article here.