Bookkeeping During The Coronavirus Epidemic
Mar 18, 2020
As We Post This, The Biggest Story Everywhere Is COVID-19.
As the coronavirus crisis escalates, area restaurants and beyond fear deserted dining rooms. Consumer confidence is getting hit, therefore, people go out less. We decided it was a good idea to share some help with bookkeeping during this uncertain time.
Times have changed and your finances may need to do so as well.
Coronavirus Confirmed Cases As Of 16th March 2020
3,837 confirmed cases in the United States, 175,203 confirmed cases globally
If reading after this, click on the following link for the latest up-to-date statistics:
Older adults and those with underlying chronic medical conditions seem to be at higher risk, according to the CDC. As the illness is thought to spread from person to person, experts advise washing hands, avoiding close contact with others, and cleaning and disinfecting surfaces which is why restaurants are mostly affected because of close contact with other patrons.
Tax File Delay: As of now, the 2020 deadline to file your 2019 taxes is still April 15th. However, it has been reported that “the Trump administration is likely to delay the tax filing deadline.” Those of you who haven’t filed yet should still get all your documents together. You should file your taxes as soon as possible if you are expecting a refund. We can’t confirm, but there may be a delay in sending the checks out. Change in Service:
Some states have already placed restrictions for restaurants so please check with your own state for guidelines.
Massachusetts, for instance, mandated restaurants will only be able to serve take-out or delivery food, Gov. Charlie Baker announced Sunday, March 15. The order will begin Tuesday, March 17th, and go until April 6th.
The National Restaurant Association Has Issued Recommendations For Helping Restaurant Operators Protect Customers And Employees From Coronavirus.
The potentially lethal infection that has spread from China to the United States. Among the best practices cited in the one-page list of recommendations are sending home any employees who sport flu-like
symptoms and providing extra tissues and napkins for customers to use for coughs or sneezes. The guidelines also recommend making alcohol-based hand sanitizers available for both guests and staff members and sanitizing any surfaces that could have been contaminated.
It just might be a good time for restaurant owners to focus on other parts of the operation…promoting more to-go offerings, doubling down on already high sanitation standards, and making customers feel more comfortable and safer spacing out their tables. The money will be tight for a little while and will have to really watch spending during this unsettled time. Among the best practices cited in the one-page list of recommendations are sending home any employees who sport flu-like symptoms and providing extra tissues and napkins for customers to use for coughs or sneezes.
The guidelines also recommend making alcohol-based hand sanitizers available for both guests and staff members and sanitizing any surfaces that could have been contaminated. It just might be a good time for restaurant owners to focus on other parts of the operation…promoting more to-go offerings, doubling down on already high sanitation standards, and making customers feel more comfortable and safer spacing out their tables.
The money will be tight for a little while and will have to really watch spending during this unsettled time. Change in Service: Some states have already placed restrictions for restaurants so please check with your own state for guidelines. Massachusetts, for instance, mandated restaurants will only be able to serve take-out or delivery food, Gov. Charlie Baker announced Sunday, March 15.
The order will begin Tuesday, March 17th, and go until April 6th. The National Restaurant Association has issued recommendations for helping restaurant operators protect customers and employees from coronavirus The potentially lethal infection that has spread from China to the United States. Among the best practices cited in the one-page list of recommendations are sending home any employees who sport flu-like symptoms and providing extra tissues and napkins for customers to use for coughs or sneezes.
The guidelines also recommend making alcohol-based hand sanitizers available for both guests and staff members and sanitizing any surfaces that could have been contaminated. It just might be a good time for restaurant owners to focus on other parts of the operation…promoting more to-go offerings, doubling down on already high sanitation standards, and making customers feel more comfortable and safer spacing out their tables.
The money will be tight for a little while and will have to really watch spending during this unsettled time. Among the best practices cited in the one-page list of recommendations are sending home any employees who sport flu-like symptoms and providing extra tissues and napkins for customers to use for coughs or sneezes. The guidelines also recommend making alcohol-based hand sanitizers available for both guests and staff members and sanitizing any surfaces that could have been contaminated.
It just might be a good time for restaurant owners to focus on other parts of the operation…promoting more to-go offerings, doubling down on already high sanitation standards, and making customers feel more comfortable and safer spacing out their tables. The money will be tight for a little while and will have to really watch spending during this unsettled time.
Ready to transform your restaurant's finances? Whether you need Monthly Bookkeeping, a Catch-up Bookkeeping service, or want to embark on our DIY Bookkeeping Course, we've got you covered. Have questions or need more information? Don't hesitate to reach out. Let's talk about how we can support your business. Schedule your FREE 15-Minute Call today and let's get started on your path to stress-free bookkeeping!
