Gifts & How A Long Island Accountant Can Help

djamal-soft الأحد، 9 فبراير 2014
By Rob Sutter


As we become more and more involved in the holidays, we have to be able to understand just how important it is for gifts to be given. We want to be able to make the holidays special for those we care about and it goes without saying that spending will be done in great numbers. However, it seems as though there might be too much done in this regard. When it comes to the way in which gifts are swapped in the realm of business, I think that a Long Island accountant can prove to be a useful entity.

A Fox Business article went into detail about the matter and it seems as though small business owners are cutting back on a number of facets related to the holidays. An American Express OPEN survey said that such individuals are lessening the degree of holiday bonuses, parties, and of course gifts. For many, this is considered to be something of an outrage, which is fair to assume. However, it seems as though there is still the impact of the government shutdown to take into account.

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.

Just how serious is the situation at hand, you may wonder? According to the article, only 27 percent of business owners have said that they would be offering year-end bonuses to their employees. To say the least, this number is lesser than the 35 percent we have seen the year prior. It is clear that the business world is seeing less and less of the holiday involvement. After looking at these particular statistics, I have to wonder just how much this will impact any workplace in general.

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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