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National Restaurant Association - IRS provides tips on disaster preparedness

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IRS provides tips on disaster preparedness

With hurricane season now underway, the Internal Revenue Service recently provided employers with tips on safeguarding their businesses in the event of a disaster.

Among the IRS's recommendations: Create a backup set of records electronically, including bank statements, tax returns and insurance policies; photograph or videotape the contents of the business to document your valuables; update emergency plans and make sure your employees are informed; and check whether your payroll service has a fiduciary bond that can help protect you if the payroll service defaults. Learn more here.

The federal government's Ready.gov includes other resources aimed at helping businesses prepare for disasters, including a link to the American Red Cross's "Ready Rating," which helps businesses and other organizations assess their preparedness.

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