Small Business Struggles As Recession Fears Increase (Solution Inside)

1 year ago
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Small business struggles as recession fears increase (solution inside) In this video I'll share business owners' views (survey) on the economy, as well as a possible solution to help your struggling business. - ERC Helpdesk https://bit.ly/RBERCHelpdesk

â–¶ EMPLOYEE RETENTION CREDIT
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â–¶ TIME STAMPS
00:00 Business Struggles As Recession Fears Increase
1:27 Business Owners Survey
2:00 Business Owners Not Feeling Good About Economy
3:21 Operating Expenses Too High
4:57 ERC Tax Credit Solution
5:18 Millions of Unclaimed Dollars Available
5:29 ERC Helpdesk Promo
7:57 Outro

â–¶ VIDEO NOTES

Small businesses struggle as recession fears increase.

Nearly 9 in 10 (89%) of those surveyed say that between the pandemic, inflation, and labor shortages, they feel it is nearly impossible for small businesses to thrive in today’s economy.

Almost 9 in 10 (89%) respondents say the surge in operating expenses and/or the cost of goods have made paying employees a competitive wage unaffordable.

83% of respondents feel the early 2020s have been the worst time for small businesses since the Great Depression.

81% of business leaders and decision-makers indicated that business is suffering because they lack knowledge of or adequate counsel on accounting procedures, financial planning, and related business tasks.

Nearly a third (31%) of survey respondents indicate that the tax or financial experts who typically assist with their business’s tax needs did not provide accurate or enough information regarding the ERC.

45% of respondents who believe they are ineligible to claim ERC benefits, believe their business is ineligible because they have already applied for a Payment Protection Program (PPP) loan.

Click here to read the article - https://www.benefitspro.com/2022/12/13/small-businesses-struggle-with-erc-tax-credit-submissions/

â–¶ SMALL BUSINESS RESOURCES

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Ric Bender; Empowering Prosperity :
Exploring trends shaping your personal economy
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â–¶ KEYWORDS

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#economicnews #smallbusiness #recession2023

â–¶ HASHTAGS

#economy #businessnews #news

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