This short message will go out to business clients ASAP:
“Over the past four days I’ve switched my small business advisory practice from cautious planning to full-fledged crisis management. Obviously the intent of this work is to stay ahead of the impact but that is especially difficult with the situation changing by the hour. My focus is your financial health. The concentration of our efforts right now is meant to quickly change our collective business strategies and operating practices to minimize the pain of the expanding cash flow collapse.
We recognize that some businesses will be barely affected while other businesses will suffer, close, and go bankrupt. Please be considerate of this while we attempt to address the wide range of client impact.
We still have no authoritative word from federal, state or local governments on changing tax obligations. I expect to speak with each client individually this week to assess their situation to balance government compliance with strategic crisis planning.”