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.
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.
If you think that this choice made on short notice, you would be wrong since there are other facets which had involvement, too. The financial situation that we find ourselves in is not exactly tremendous, which is something that any Long Island accountant would be able to tell you about. According to the poll, 34 percent of business owners have said that they believe that the holiday season approaching would be weak. This is very telling and I am sure that many authorities - CFO Consulting Services included - can tell you the same.
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.
Morale should be kept alive in any line of work, which I am sure that just about any Long Island accountant will be able to agree with. It is apparent that workers have to be content or else they are not going to be able to perform to their utmost ability. Holiday parties, whether individuals believe it or not, can actually create a much happier environment in the long term. Many people look forward to such events and I do not think that economics should have as much weight on the matter.
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.
If you think that this choice made on short notice, you would be wrong since there are other facets which had involvement, too. The financial situation that we find ourselves in is not exactly tremendous, which is something that any Long Island accountant would be able to tell you about. According to the poll, 34 percent of business owners have said that they believe that the holiday season approaching would be weak. This is very telling and I am sure that many authorities - CFO Consulting Services included - can tell you the same.
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.
Morale should be kept alive in any line of work, which I am sure that just about any Long Island accountant will be able to agree with. It is apparent that workers have to be content or else they are not going to be able to perform to their utmost ability. Holiday parties, whether individuals believe it or not, can actually create a much happier environment in the long term. Many people look forward to such events and I do not think that economics should have as much weight on the matter.
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