Cash Flow Triage - Part 1

The first three concerns of small business are 1) cash flow, 2) cash flow and 3) cash flow.

With or without a federal government program this is going to be tough for a while.

So let's talk cash flow:

Some payments may be required to be paid promptly by federal and/or state law.

Payroll 
Withheld payroll taxes and other withholds
Unemployment taxes, workers comp premiums
Collected sales taxes
Fuel and other excise taxes due


When businesses get backed into cash flow corners it is not uncommon to skip or partial pay these payments.

Beware, there are stiff penalties and to the best of our knowledge those penalties are not being waived.