With the holiday season upon us, it is a given that we are going to focus tremendously on the idea of giving - as well as receiving - gifts. We want to make sure that those most near and dear to us are left happy after the holidays are over, which means that there is potential for a lot of spending to be done. However, is there such a thing as too much gifting? I believe that this is where a Long Island accountant can prove to be most helpful, especially when it comes to the realm of 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 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.
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.
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 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.
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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