Last year, you spent $32 on the gas tank, and today you spent $57.
You go to the grocery store and fill up your cart for $110 last year; now it’s $180.
Your rent went from $1,600 to $2,000.
Inflation is everywhere, and it’s KILLING your purchasing power.
If you make the same this year as last year, even if you increase revenue by 10%, you are taking a big PAY CUT.
And you need to craft a plan on how to fix this. Things that may come to mind include:
- Assess & adjust your overpayment in taxes to the IRS
- Create a cash flow plan
- Assess workforce needs
- Operate within your budget
- Track marketing key performance indicators (KPIs)
- Know your liquidity options.
I’m hosting a live training on everything you need to know about how to recession-proof your firm.
Date: Tomorrow, Tuesday, August 9.
Time: 10 a.m PST / 1 p.m EST
Topic: Recession Proof Your Business with Tax Planning.
Presenter: Miguel A. Palma CPA, PFS,CGMA
& Tax Advisor.
You in? Click here to register for tomorrow’s webinar.