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.

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.

Contact CFO Consulting Services today if you are looking for some additional information about finding a Long Island accountant in your area!