Recession-proof Your Business

Many small businesses are thriving despite high inflation, labor shortages, and other challenges. Unfortunately, some businesses are struggling.

Xero’s Small Business Global Index Update for July-September 2023 found that sales are down from a year ago. Even worse, it’s been reported that nearly 1,500 small businesses filed for bankruptcy in the first 9 months of 2023, which is almost as many as in all of 2022.

If you look at your profit and loss statement year-to-date and don’t see good numbers, what does this mean tax-wise for you?

Please select this link to read the complete blog post from Big Ideas for Small Business.