Professional Advice

Small Businesses And Social Distancing

Use Buttons to LIKE & Share This with Friends!

Newsletter from

Steve Richardson & Company

Certified Public Accountants

April 1, 2020

Small Businesses and Social Distancing

 

To Our Clients and Friends:

The curfew order
A curfew order shutting down ‘non-essential’ small businesses is in effect nationwide. To the best of my knowledge small businesses in Tuscaloosa are in full compliance with these orders. That’s good!

The curfew orders are not voluntary.

Do not lose your business licenses
Law enforcement officers are actively visiting non-compliant small businesses. These officers have the power to permanently revoke business licenses. Thankfully this has not happened in Tuscaloosa but it is happening.

Essential businesses are allowed to stay open
This is not a ‘free-pass’ for essential businesses. We are required to follow certain public health standards and rules.

Our CPA firm is an essential business; even so, we must comply with certain public health standards as does Publix, Lowe’s, and the other essential businesses.

Note: I’m actually impressed with our Publix. They have a substantial staff dedicated to keeping the store as hygienic as possible. Every half hour, they disinfect every surface in their store. They are doing the best that can be done and setting a good example for other essential businesses.

Public health officials in Tuscaloosa and Mayor Maddox have made it crystal clear to me and our CPA firm that we must do better.

Virtual Meetings Only
Mayor Maddox and our public health officials are insisting that as many of our client meetings as possible be done via US Mail, e-mail and by virtual means. They are very serious.

This will not be a hardship for us; our CPA firm has clients in 35 states and 25 foreign counties. We know how to do this. We can take care of you!

Do Not Delay!!!
Do not delay in getting your 2019 tax returns done! Much of the COVID-19 stimulus and tax relief is based on 2019 tax returns and financial data. Especially important: many of the “forgiveness” features related to COVID-19 SBA loans, likewise, depend upon 2019 tax returns. Do Not Delay!

Sincerely,

Steve Richardson, CPA

 

 

Use Buttons to LIKE & Share This with Friends!