Small Business Cuts Back

Wells Fargo’s new Gallup poll shows…

More than one-third of small business owners say their personal financial situation as a whole is getting worse.

Already, half have postponed a major purchase in the past three months, and nearly as many (44 percent) have reduced the amount of money they’ve deposited into savings, checking or a CD. Thirty-one percent have reduced the amount they have contributed to a retirement account.

Seventy-five percent have concerns about paying for gas. More than half (51 percent) are worry they will not have enough money for the next 12 months’ regular medical and dental expenses, and almost half (46 percent) fear they will not have enough money to pay for unforeseen medical emergencies.

Sounds like they could use some ideas from a good accountant. Send in your Money Tips here: CPA Trendlines Money Tips.

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Posted at June 26, 2008
Filed Under BSG [CPA TRENDLINES] | Leave a Comment

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