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To fight inflation, 67% of small companies surveyed have raised prices, and 41% reported having to lower their staff or take out a loan. Small businesses throughout every sector, together with manufacturing (41%), services (35%), retail (32%) and professional services (29%) industries, all cited inflation as the highest problem for small companies. Read more on the must-know client tendencies that will form retailers’ strategies this year here. With the 2022 tax season underway, the IRS warned taxpayers that the refund process may be “particularly challenging” this year due to the improve in COVID-19 infections and insufficient funding authorization from Congress. …
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