The holidays is one of those fields in which we are becoming more and more involved, which goes without saying. We want to be able to make the most out of this time of the year and the idea of giving gifts is something that we will do, at the cost of spending of course. With this in mind, how much spending can prove to be too much, you may wonder? This is an important subject to look into, especially if you were to talk to a Long Island accountant about changes in business.
Fox Business posted an article in regards to small business owners and how many of them are cutting back on the facets tied to the holidays. There was an American Express OPEN survey done and it seems as though holiday bonuses and gifts, to name a couple of said facets, were being decreased. One can see how this would be able to stir a great amount of outrage. However, when you consider the impact left behind by the government shutdown, perhaps this isn't as farfetched as one might assume.
I do not believe that the lesser extent of holiday involvement was something that was done overnight, without any kind of basis beforehand. It's just that, with the current financial situation we find ourselves in as a society, a Long Island accountant can tell you that it is more viable to cut back on the spending that is done time and time again. In fact, 34 percent of small business owners have anticipated the holiday retail season to be weak. Keep this in mind as you refer to authorities along the lines of CFO Consulting Services.
You may be looking at this particular situation and wondering just how important it truly is. Well, the article made it a point to mention that 27 percent of business owners would be offering year-end bonuses to their workers. This is unfortunate, especially when you consider that it is down from the 35 percent that was seen last year. While it seems as though businesses are taking part in the holidays less and less over the course of time, one has to wonder about the long-term impact this can have.
If there is one thing that should be kept up in any line of work - and I am sure that any Long Island accountant would agree - it would have to be morale. You want to make sure that your workers are kept content and sometimes the simplest of gestures are able to keep said morale at as high of a level as possible. Holiday parties and related events are ones that many people look forward. While I understand the economic situation is not great, such festivities should not be done away with.
Fox Business posted an article in regards to small business owners and how many of them are cutting back on the facets tied to the holidays. There was an American Express OPEN survey done and it seems as though holiday bonuses and gifts, to name a couple of said facets, were being decreased. One can see how this would be able to stir a great amount of outrage. However, when you consider the impact left behind by the government shutdown, perhaps this isn't as farfetched as one might assume.
I do not believe that the lesser extent of holiday involvement was something that was done overnight, without any kind of basis beforehand. It's just that, with the current financial situation we find ourselves in as a society, a Long Island accountant can tell you that it is more viable to cut back on the spending that is done time and time again. In fact, 34 percent of small business owners have anticipated the holiday retail season to be weak. Keep this in mind as you refer to authorities along the lines of CFO Consulting Services.
You may be looking at this particular situation and wondering just how important it truly is. Well, the article made it a point to mention that 27 percent of business owners would be offering year-end bonuses to their workers. This is unfortunate, especially when you consider that it is down from the 35 percent that was seen last year. While it seems as though businesses are taking part in the holidays less and less over the course of time, one has to wonder about the long-term impact this can have.
If there is one thing that should be kept up in any line of work - and I am sure that any Long Island accountant would agree - it would have to be morale. You want to make sure that your workers are kept content and sometimes the simplest of gestures are able to keep said morale at as high of a level as possible. Holiday parties and related events are ones that many people look forward. While I understand the economic situation is not great, such festivities should not be done away with.
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