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Are their accountants prepared to finalize interim/annual financial reports that capture the circumstances created by the government mandated shutdowns? Are their accountants able to support preparation of financial projections? Are their accountants familiar with latest IRS/Treasury pronouncements on employee tax credits, operating loss carryforwards, etc.? Are their accountants familiar with potential corporate and payroll tax consequences to the business arising from employees working from homes in other states? If the business received a PPP loan, are their accountants up-to-date on

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How important is it to have a financial plan in place right now? Very important.  Every business should have a financial plan and business plan in place, or at least have committed serious thought to how they are to come out of the current environment, if at all. What are the most important elements to include in this plan? Focus on core issues and ignore the noise.  Emotion must be removed from the equation. What is needed is an examination

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BY ALANA MAIELLO The Senior Business Directory was able to sit with financial consultant Stephen Chin. He briefed us on his financial consulting firm, Financial Structures and Advisory, Inc, what he does as a financial consultant, and what skills are required for those interested in this line of work. Tell us a little about your company Financial Structures and Advisory, Inc. What is your background in financial consulting? I started my financial consulting firm in 2003. With a background in commercial

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