Financial Resources for Businesses During National Crisis
Virtually all businesses are being impacted by the COVID-19 pandemic and the national response to this crisis is evolving quickly. During times like these, it is critical to be aware of information and resources that impact your financial health and well-being and that of your business.
We’ve pulled together a list of materials that we hope will be of immediate assistance to small and medium sized businesses.
New York Times has published a good overview of the package. Additionally, this post provides more detailed information for individuals and companies.
The Federal Tax filing deadline has been moved to July 15, 2020 and TurboTax offers updates on this and other impacts for taxpayers.
The CFPB offers practical assistance if you are experiencing job loss or difficulty paying bills and/or meeting other financial obligations.
Guidance for businesses with respect to commercial leases and various options for seeking relief.
AON offers observations on the types of business costs and income losses that may be covered by business interruption insurance policies.
If your business is impacted by coronavirus, review your insurance policies now and be sure to document coronavirus-related business impacts.
For health-related information, follow the guidance at the CDC Coronavirus (COVID-19) site, as well as state and local health authorities.
Disclaimer: This document has been provided as an informational resource. It is intended to provide general guidance on potential exposures, and is not intended to provide medical advice or address medical concerns or specific business risk circumstances. Due to the dynamic nature of infectious diseases, Xtiva cannot be held liable for the guidance provided. We strongly encourage visitors to seek additional safety, medical and epidemiologic information from credible sources such as the Centers for Disease Control and Prevention and World Health Organization.