"We must never forget that the highest appreciation is not to utter words, but to live by them.”

Over the past year, we have seen hundreds of reports about the labor shortage. Each of these reports has advised that we need to offer different kinds of benefits to attract talent. As inflation rises, layoffs loom, and the economy stalls, Gen Zers no longer are in that luxury position. Yes, they want ‘mission driven’ jobs, but more money is what they will take to help pay for rising costs of living.

Click below to get new polling data in this WSJ article:

Yes, there is a recession looming at the same time we are struggling to find employees! Although it might not happen today, or next month, the only way to curb this 9% inflation rate is to increase unemployment. That means you, our members, will need to layoff employees at some point. This is a great article with some tips on how to do so.

It’s time for a midyear review of your taxes. Sounds like fun right? Well, if you are a small business owner, and see higher costs, lower profits in the coming months, talk to your CPA and see what that means to your extimated tax payments?

Don’t give the government anymore than you have to, and potentially save on your cash flow. Looking for a CPA? check our our membership directory!