Is money tight in your business during the holiday season? Holiday gifts for clients, employee bonuses, tips for service providers, holiday parties — that’s all extra spending. On top of that, if you are in retail or manufacturing, you may have needed to stock up on inventory and extra materials to meet customer demands. You also may be making capital purchases in order to maximize deductions in this tax year.
Some businesses, though, see year-end spending as an investment in their businesses. In fact, 40 percent of small business owners are planning for an uptick in business performance this holiday season compared to last year according to a recent survey by Ink from Chase.
7 Simple Strategies for Saving Money During the Holidays
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