while signs are looking better for firms.
by 卡塔尔世界杯常规比赛时间 research
in a contradictory combination of economic outlooks, accountants are seeing pretty good times ahead for their firms and families, but trouble for other businesses.
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according to mid-season results from the 卡塔尔世界杯常规比赛时间 busy season barometer, 38 percent of respondents think the next 12 to 18 months will be much better (at 7 percent) or at least somewhat better (31 percent) for their own firms, and almost half – 45 percent – believe they’ll be doing at least as well as last year.
predictably, the numbers were pretty much the same for how well their own families will be doing economically.
gloom
still, that leaves a disturbing 17 percent who say they see a downturn for their firms, and 15 percent who think their families, too, will be somewhat or much worse off.
but the expectations are much, much gloomier for the national economy. a vanishingly small minority of 0.9 percent foresee improvement, and only 13 percent can say the economy might get somewhat better.
the numbers on the downside are even worse – or even scary.
for the nation: 47 percent say it’s going to get somewhat worse, and 19 percent fear something much worse.
scary numbers
what’s really scary about those numbers is that they are coming from cpas – respected professionals who know what money’s all about, how it moves around and adds up.
they also have their finger on the pulse of small business, and the pessimism’s just about as bad there. only 2 percent imagine their own clients and other small businesses doing much better, though 22 percent admit their own clients, under the guidance of excellent cpas, might do at least somewhat better.
but other small companies? only 13 percent of respondents say these small-scale engines of the american economy might do somewhat better.
far more are expecting an economic nosedive. sixty percent (!) feel small businesses are in for trouble, with 46 percent warning that things will get somewhat worse, and another 14 percent waving the red flag of “much worse.”
again, they see their own clients suffering, but not as much as everybody else. a good 42 percent think their clients will chug along at about the same rate as last year, though 29 percent see a mild downturn. another 4 percent fear a much worse outlook.
so why the general pessimism for the nation and its small businesses?
we’re getting a lot of explanatory comments.
a wait-and-see year
michael j. teuscher, a founder of teuscher walpole llc, a midsized top 25 firm in utah, was among those who see their firms and clients thriving while the rest of the nation suffers.
“while gross activity will be up for most of our clients,” teuscher said, “the pressure brought by government interference, short material supply, lack of available workforce, and inflation, net profit will be hit hard for most of our small and midsized businesses.”
krista piwonka, head of a small illinois firm specializing in services to small businesses, mapped out a dismal future.
“inflation will start to catch up to people as they continue to live the same lifestyle while having less buying power,” piwonka warned. “interest rates will rise and the accumulation of personal credit card debt will start to explode to an unmanageable level around late may. as a result people will stop all extra spending habits, such as eating out and traveling. doing so will further crush the already struggling restaurants and travel industry to a place that they can’t recover. as a result, more people will be laid off and then not able to find a replacement job, causing an inability to get credit in order to stay afloat. that will start the downward cycle as people begin utilizing their retirement accounts inappropriately, which ultimately will start the foreclosure cycle all over again late in 2022.”
sylvia turnage, running a solo office in georgia, summed up her concerns in two sentences: “small business is staggering under the burdensome regulations. inflation and delivery of goods are serious problems.”
joy casey, a sole practitioner, was shrewd enough to know that in the midst of a maelstrom, predictions aren’t worth much.
“for the first time in my 54 years, i have no outlook,” casey admitted. “too many changing factors and too many uncertainties. this is going to be a wait-and-see year.”