COVID-19 (Coronavirus) Information for SMBs

COVID-19 medical masks on a red background

COVID-19 (Coronavirus) has reached all 50 states and is continuing to impact the world. Updates on the virus are happening by the minute, while both the private sector and the government continue to combat the effects this will have on the economy and, specifically, small businesses. 

Our top priority is making sure you’re able to focus on more important things than your business’ books—both through this crisis and beyond. To help, we’ve compiled a list of small business resources for verified programs and relief efforts and listed them below. 

The CDC and WHO remain the best resources for the latest updates on the virus as it pertains to your health. You’ll find breaking news we think might be useful to small business owners at the bottom of this page, these articles are being updated and aren’t official policy or announcements, but you might want to be aware of them.

Know what you’re looking for? Hop to the resources you need most here.

Your Top Resources

Small Business Resources

HR Resources

Tax Resources

  • The tax deadline has been pushed to July 15th. Should you qualify for a refund, most are still being issued within 21 days and the IRS recommends you still submit your taxes as soon as possible. Any IRS information on the coronavirus tax relief efforts can be found here
  • Avalara has a roundup of state tax relief for your business. Relief may include filing extensions, interest waivers, and penalty waivers for a host of taxes, including lodging tax and sales and use tax.
  • Need information about state tax deadlines? Check out TurboTax’s comprehensive guide to tax due dates here.
  • Where’s My Refund? is an IRS online tool that will track your tax refund. You will need your Social security number or ITIN, your filing status and your exact refund amount to use the tool.
  • Using Online Payment Agreements you can apply for a payment plan online to pay off your tax liability over time.
  • Did you know the IRS has an app? IRS2Go app is mobile only app where you can check your refund status, make a payment, find free tax preparation assistance, sign up for helpful tax tips, and more.
  • Your IRS Online Account can show you your payoff amount, updated for the current calendar day, the balance for each tax year for which you owe, up to 24 months of your payment history, and key information from your current tax year return as originally filed (if you’ve already done so).
  • Guidance on how the delaying of tax returns until July 15th has been issued by the IRS and Treasury Department. Find their suggestions here. 

Financial Resources

Many financial institutions and businesses are stepping up to help small businesses during this time. Should you need any help, these are some of the resources available.

Banks 

If your business is being impacted by COVID-19, you should reach out to your bank or credit issuer directly. The links below are simply statements we were able to find online and are not representative of an exhaustive list. 

Developing Stories

These stories are developing quickly but could have consequences for your small business. 

This post was last updated on March 31, 2020. We will do our best to update according to the latest news.

Reader Interactions

Put your accounting on autopilot

Schedule a free consultation today.

Scalefactor dashboard desktop graphic