{"id":109079,"date":"2023-03-01t14:30:19","date_gmt":"2023-03-01t19:30:19","guid":{"rendered":"\/\/www.g005e.com\/?p=109079"},"modified":"2024-08-07t23:09:39","modified_gmt":"2024-08-08t03:09:39","slug":"tax-pros-offer-advice-for-small-businesses","status":"publish","type":"post","link":"\/\/www.g005e.com\/2023\/03\/01\/tax-pros-offer-advice-for-small-businesses\/","title":{"rendered":"tax pros offer advice for small businesses"},"content":{"rendered":"<p><strong><a href=\"https:\/\/www.research.net\/r\/23busy1?\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-71577\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/02\/busy-season-barometer-with-join-the-survey-424x203-424x203.png\" alt=\"\" width=\"424\" height=\"203\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/02\/busy-season-barometer-with-join-the-survey-424x203.png 424w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/02\/busy-season-barometer-with-join-the-survey-424x203.png 300w\" sizes=\"auto, (max-width: 424px) 100vw, 424px\" \/><\/a>specific tips from your colleagues.<\/strong><\/p>\n<p><em>by 卡塔尔世界杯常规比赛时间 research<\/em><\/p>\n<p>when the 2023 cpatrendlines busy season barometer asked practitioners what advice they\u2019d give small businesses, most of the responses boiled down to two essential messages:<\/p>\n<ul>\n<li>don\u2019t be afraid \u2026 but be careful \u2026 and ready.<\/li>\n<li>hang on to your cash.<\/li>\n<\/ul>\n<blockquote><p><strong><b>more: <\/b><\/strong><a href=\"\/\/www.g005e.com\/2023\/02\/28\/busy-season-barometer-finds-many-cpas-in-transition\/\">busy season barometer finds many cpas in transition<\/a> | <a href=\"\/\/www.g005e.com\/2023\/02\/27\/more-cpas-see-worsening-economy\/\">more cpas see worsening economy<\/a> | <a href=\"\/\/www.g005e.com\/2023\/02\/06\/marchternity-the-solution-is-community\/\">marchternity: the solution is community<\/a> | <a href=\"\/\/www.g005e.com\/2023\/01\/26\/the-tax-code-is-too-complex-and-out-of-touch\/\">why we all hate the tax code<\/a> | <a href=\"\/\/www.g005e.com\/2023\/01\/23\/high-hopes-for-tax-season-2023\/\">tax season 2023: better or worse?<\/a><br \/>\n<strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-49700 size-full\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2016\/08\/yellow_key_clip_art-e1375897299811-36p-hi-1-e1603911598474.jpg\" alt=\"goprocpa.com\" width=\"39\" height=\"16\" \/><span style=\"color: #b79c00;\">exclusively for pro members. <\/span><\/strong><span style=\"color: #b79c00;\"><a style=\"color: #b79c00;\" href=\"\/\/www.g005e.com\/wp-login.php?redirect_to=\/\/www.g005e.com\/2023\/03\/01\/tax-pros-offer-advice-for-small-businesses\/\">log in here<\/a> or <a class=\"external\" style=\"color: #b79c00;\" href=\"http:\/\/goprocpa.com\/\" target=\"_blank\" rel=\"noopener\">2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n<p><strong>a little trepidation<\/strong><\/p>\n<p>looking at these early responses to the survey \u2013 <a href=\"https:\/\/www.research.net\/r\/23busy1?\" target=\"_blank\" rel=\"noopener\">which is still open for responses<\/a> \u2013 we are sensing a little trepidation over the near future.<br \/>\n<!--more--><br \/>\nit\u2019s far short of fear, but there\u2019s a clear call for taking defensive positions. generally the tax pros who have their fingers on the pulses of clients are suggesting that small businesses keep going forward \u2013 improving, expanding \u2013 but stay alert and flexible.<\/p>\n<p>\u201cdon&#8217;t lose faith in the future,\u201d says him hechtman, of hechtman group fame. \u201cdown cycles always occur. what doesn&#8217;t kill you will make you stronger in the long run.\u201d<\/p>\n<p>the trick, of course, is to not get killed.<\/p>\n<p><strong>tread carefully<\/strong><\/p>\n<p>paula rhoden, with a a small firm in ohio, explains how.<\/p>\n<p>\u201ckeep your inventory low, cut your spending wherever you can to maintain current activity scheduled,\u201d she recommends. \u201cidentify and start shifting to other possible revenue streams, pay off debts, and save, save, save as much cash as possible.\u201d<\/p>\n<p>rick sager, head of sager cpa &amp; advisors in eagle, idaho, backs rhoden up with \u201cif you have cash, you have options.\u201d<\/p>\n<p>david kwiecinski offers similar defense advice with \u201ccash flow, cash flow, cash flow! planning for expansion is more important than ever. tread carefully. guard your interests first; that&#8217;s the best thing you can do for your employees and loyal customers\/clients.\u201d<\/p>\n<p>trey horton, at denver\u2019s abacus accounting center, is also bullish on defense. \u201cbe very diligent about your expenses,\u201d he advises. \u201cit&#8217;s okay to invest for growth, but look for other ways to cut costs.\u201d<\/p>\n<p>jennifer b. wozny, head of cornerstone tax service in frankfort, ill., advises flexibility over fear. \u201cdo your homework!\u201d she urges. \u201cthere are opportunities out there but you have to work for them. if something isn&#8217;t working, you need to reassess, do some homework and revise the plan.\u201d<\/p>\n<p>sonya graywolf, founder of a small and eponymous firm, takes a similar stance on cash and preparation.<\/p>\n<p>\u201cbuild business savings,\u201d she cautions. \u201cplan out expenses. work on making current clients happier. keep tabs on marketing and advertising roi.\u201d<\/p>\n<p>a host of other respondents offer crisp, compact guidance:<\/p>\n<p>chuck fong: \u201cstay with it!\u201d<\/p>\n<p>roy ackerman: \u201cinvest in infrastructure.\u201d<\/p>\n<p>terry guy: \u201ckeep an adequate reserve.\u201d<\/p>\n<p>frank stitely: \u201craise prices!!!\u201d<\/p>\n<p>bruce ekmanian: \u201ckeep good books.\u201d<\/p>\n<p>anonymous: \u201cthink\/plan long and hard.\u201d<\/p>\n<p>anonymous: \u201cbe ready to pivot\/adjust.\u201d<\/p>\n<p>\u201canonymous: \u201chold onto cash, cash is king.\u201d<\/p>\n<p>and finally, jeffery swank says, \u201cgood luck!\u201d<\/p>\n<p>what\u2019s your advice for small businesses? the busy season barometer survey \u2013 <a href=\"https:\/\/www.research.net\/r\/23busy1?\" target=\"_blank\" rel=\"noopener\">it takes just five minutes<\/a> \u2013 is your chance to share what you know.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong>specific tips from your colleagues.<\/strong><br \/>\n<a href=\"\/\/www.g005e.com\/2023\/03\/01\/tax-pros-offer-advice-for-small-businesses\/\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-108981\" src=\"\/\/www.g005e.com\/wp-content\/uploads\/2023\/02\/250_busy-season-barometer-with-join-the-survey.png\" alt=\"\" width=\"250\" height=\"120\" \/><\/a><br \/>\n<em>by 卡塔尔世界杯常规比赛时间 research<\/em><\/p>\n","protected":false},"author":17,"featured_media":57568,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[3184,1905,2780,5,2269,3120,3002,9,11,1906,2246],"tags":[252,645,644,227],"class_list":["post-109079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-advisory","category-clients-and-service","category-news-2","category-outlook","category-politics","category-pro-member-exclusive","category-special","category-strategy","category-research","category-tax-practice","category-busy-season","tag-recession","tag-forecast","tag-outlook","tag-small-business"],"acf":[],"yoast_head":"<!-- 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