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 put up an article that went into detail about small business owners in relation to the various facets associated with the holidays. From what was shown in an American Express OPEN survey, it seems as though holiday bonuses given and gifts swapped, to name a couple of examples, were going to start seeing decreases. This isn't terribly difficult to see why, especially when the government shutdown has left an impact that is still being felt today. However, it is a choice that I can certainly see sparking outrage.
I do not want to think that the lesser involvement done during the holidays was something that was made in a moment of snap judgment. In fact, the financial situation that we see ourselves in is not especially great, which is something that any Long Island accountant will be able to tell you about. A total of 34 percent of small business owners, according to the article, anticipated that the holiday retail season would not be exactly strong. This is a point that can be assessed by many authorities, CFO Consulting Services included.
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 put up an article that went into detail about small business owners in relation to the various facets associated with the holidays. From what was shown in an American Express OPEN survey, it seems as though holiday bonuses given and gifts swapped, to name a couple of examples, were going to start seeing decreases. This isn't terribly difficult to see why, especially when the government shutdown has left an impact that is still being felt today. However, it is a choice that I can certainly see sparking outrage.
I do not want to think that the lesser involvement done during the holidays was something that was made in a moment of snap judgment. In fact, the financial situation that we see ourselves in is not especially great, which is something that any Long Island accountant will be able to tell you about. A total of 34 percent of small business owners, according to the article, anticipated that the holiday retail season would not be exactly strong. This is a point that can be assessed by many authorities, CFO Consulting Services included.
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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