Related:

  1. Webinar

    From survival to recovery: shielding your supply chain from COVID-19

  2. Webinar

    A briefing on coronavirus-related tax relief

  3. Webinar

    Crisis, continuity and recovery: A real-time enterprise risk workshop

The importance of cash flow during uncertain times

Understanding your cash flow should be a priority when the economy goes from a position of strength to a one of uncertainly.

Coronavirus preparedness

The coronavirus (COVID-19) outbreak is affecting both individuals who get sick as well as organizations and industries worldwide. During this uncertain time, Baker Tilly is ready to help you with practical advice on informing and supporting your employees as well as keeping your business running.

Keeping informed about the virus

The Centers for Disease Control website is a key resource for national information on the spread of COVID-19, what you can do to protect yourself, and what to do if you get sick. While the virus has spread to all 50 states and accelerated outbreaks have occurred in several major metro areas, it is vital for organizations to monitor their local public health departments for updates on testing, quarantine, and possible limits on public gatherings.

Organization preparedness

Communication is key in a time of crisis. Your organization should identify a small, cross-functional group of people responsible for key communications to both employees and customers. Since the impact of COVID-19 is localized, but also changes daily, it’s important that this team be able to monitor news from the geographic areas specific to the organization’s employees and customers, and communicate this news effectively.

Take care of employees

For your employees, make sure there is a central, reliable system to communicate day-to-day changes related to COVID-19. This platform may be a combination of the organization’s website, e-mail, and a 1-800 number but should be broadcast widely so employees can access relevant information easily from the office, home, or the road.

Take care of clients, customers and your supply chain

While customers and suppliers may understand that the spread of COVID-19 will impact your business, they need to be reassured that you have a plan to mitigate the impact of the virus on shipments, sales calls, customer service, or other parts of the business.

Client accounting services

Outsourcing and managed services

Are you struggling with critical finance tasks as your workforce is at home? Baker Tilly leverages best-in-class technology to provide both short- and long-term solutions to perform your critical finance and accounting tasks remotely.

  • Payroll processing and reporting
  • Bank reconciliations
  • ­Accounts payable processing
  • ­Vendor reconciliations
  • ­Financial statement preparation
  • ­Account reconciliations

Team Member LinkedIn Articles

The seven strategies of working from home – Success is in the details

Ann Blakely, Principal, Strategic Cloud Services

5 steps of building and maintaining your network in a world of social distancing

Aaron T. Brooks, MBA, Business Development & Client Relationship Executive

Beyond surviving - thriving remotely

Monica Modi Dalwadi, Managing Partner - DC Metro Region

Business Interruption is My Life—COVID-19 Edition

Simon Oddy, FCA, CFE, MCIArb, Partner, Global Insurance and Litigation Services