11-22-22 – Rethink Accounts Payable – Surviving the Economic Downturn – Tactic #2

NEWS ROUNDUP1Retail sales surged last month 1.3%, exceeding forecasters’ expectations.     https://tradingeconomics.com/united-states/retail-salesA new report out by the Federal Reserve Bank of New York shows an increase in total household debt in 3Q22 of 2.2% to an all-time high of $16.5 trillion.     https://www.newyorkfed.org/newsevents/news/research/2022/202211152The National Small Business Association is filing a lawsuit challenging the constitutionality of the Corporate Transparency Act of 2019 – also known as “Beneficial Ownership” rules.     https://www.nsba.biz/_files/ugd/601769_6e4c8814fad44357ba4fb466cd6202bd.pdf3A new survey finds that 24% of small businesses reported their upcoming Christmas sales will determine if their business can survive into next year.     https://investors.amexglobalbusinesstravel.com/investors/news/news-details/2022/New-American-Express-Survey-Shows-60-of-U.S.-Small-Businesses-are-Investing-in-Cash-Flow-Tools-Ahead-of-the-Holidays-/default.aspx----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.----------I would love to hear from you!  Please email me at [email protected]. ----------Email me at [email protected] give me feedback on the podcast.Show web site:  www.smallbizflash.com