Insights

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Article | COVID-19

Setting the Stage for Recovery and Opportunity

Dear Clients and Friends,

Through this crisis, we have seen so many of you dealing with severe disruptions to your businesses, your families, your lives. To say the least, it has been a time of upheaval for us all. At HBK CPAs & Consultants, HBKS Wealth Advisors, HBK Valuation, Litigation & Forensics, HBK High Performance and HBK IT, we changed our operations to work remotely with the exception of a small group of team members who continue to go into our offices to provide critical support. We have mobilized a dedicated COVID-19 Recovery Relief Team that has become a valuable resource to our clients and our professionals on the various state and federal relief programs and their constantly evolving provisions and requirements, on tax regulations and evolving tax strategies, and on the multitude of business operations issues that have surfaced with this crisis.

We are sharing an appreciable amount of information, one-on-one but also through webinars and a new area of our website dedicated to COVID-19-related issues and answers. Our professionals have spent a great deal of time and energy becoming knowledgeable about state and federal relief programs and legislation. Your advisor also has access to firm level specialists who are available to assist on a wide array of subjects and industry-specific matters. I strongly encourage you to work closely with your advisor, to discuss your concerns and for access to timely information and practical solutions.

It’s time now to begin looking forward, to concentrate our efforts on what’s next, to set the stage for recovery and opportunity. With the full impact of the crisis still to be determined, our focus will now begin to turn to helping you implement strategies to manage liquidity to sustain operations, to ensure compliance with the terms of government relief programs, to address affected tax filings, to review the adjustments made and still needed to be made to operations to ensure your businesses are positioned to move forward—all with an eye on helping you come out of the crisis strong and ready to meet the challenges of tomorrow.

We appreciate your trust in us. As always, together, we are here to help.

Be safe, be well and be prepared to move forward.

Christopher Allegretti
Managing Partner and CEO

About the Author(s)
Chris serves as HBK CPAs & Consultants’ Managing Principal/Chief Executive Officer. He provides strategic direction for our firm, which includes focusing on maintaining and expanding the quality and depth of services and delivering increased value to our clients. Chris works with each HBK office to ensure that investments in our people and resources continue to help guide our clients to achieve their goals. He is the chair of HBK’s affiliated financial services firm, HBKS Wealth Advisors. Over the course of his career, Chris has provided invaluable services to clients in a wide range of industries including manufacturing, professionals, wholesale distribution and automotive dealerships. He is featured and quoted throughout the recently published book, Leading an Accounting Firm: The Pyramid of Success, by Troy Waugh.
Hill, Barth & King LLC has prepared this material for informational purposes only. Any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or under any state or local tax law or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Please do not hesitate to contact us if you have any questions regarding the matter.

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