Survival Plan for Small Businesses to Deal with the Coronavirus
As the COVID-19 quarantine continues, many small businesses are facing unprecedented difficulties. While every industry suffers temporary ups and downs, the current “shelter-in-place” laws that have swept the country are forcing many customers to stay home, and many businesses to close their doors. Large corporations have protections and extra funding sources to tap into, but smaller companies are fearful of the future. At iBoost, we provide premium SEO, digital marketing and web design services for companies of all sizes. Our experts enjoy helping our clients find creative ways to grow their online reach and increase their sales. Though today’s circumstances may be challenging, you can make it through this hardship and find success long term. Here are some helpful tips for staying ahead of the curve during this tumultuous time.
Don’t Neglect Taxes
There is a lot of confusing information surrounding this year’s taxes. While many companies have been provided with a tax payment extension until July 15th, you may still be required to file or extend taxes by April 15th. Failure to follow the tax deadlines could result in expensive fines and other penalties. Consult your tax professionals to ensure compliance with the law.
Get Creative
Shelter-in-place ordinances vary from city to city. Some restaurants, hotels, theaters and retail stores have closed their doors to keep the spread of the virus at bay. Still, there may be ways to keep funds flowing and employees working, even if they must do so from the comfort and safety of their home. Some food establishments can provide meals through the drive thru or might be able to offer delivery. Boutiques and retail stores can focus their efforts toward online sales. Service based businesses such as electricians and plumbers can take service calls from home and some jobs can be performed on the computer, away from the office.
