Deltrease Hart-Anderson, the owner of D. Hart Accounting, joins us. At this meeting, we will discuss the tax situations that business owners sometimes get into and the financial and legal consequences of these tax issues.

We’ve been running into an alarming number of business owners who are not pursuing PPP or EIDL funds because they: don’t think they qualify, encountered some difficulty, are afraid of penalties, or have savings.

The adage says: “If you stay ready, you won’t have to get ready.” You never know when opportunity, or a much needed lifeline, will present itself to your business. In order to effectively seize upon an opportunity or lifeline, every business must have its house in order. An ordered house can mean proper corporate documentation, up-to-date financial records, and/or secured legal rights and obligations. So let’s take stock of our businesses and get ready!

Unfortunately, many businesses are closing. If you’re in a position to grow, you can use this time to acquire businesses, equipment, or locations. If an acquisition seems too aggressive, you can partner with like-minded firms. You can also partner to replace expertise you had to lay off, such as with a marketing or analytical firm.