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Personal Finance

Small companies need holistic midyear checkups

Thursday, June 25, 2009 2:34:57 PM
By JOYCE M. ROSENBERG

NEW YORK (AP) - Small business owners might want to put two important items at the top of their midyear to-do lists: get a financial checkup, and do more networking.

Early July is a good time for owners to plan for the rest of the year. But the recession has likely chilled many companies' plans to expand or make big capital expenditures. And many owners have already have done as much cost-cutting as they could to help their companies weather the poor economy.

So, many of the savvy owners who schedule midyear financial checkup appointments with accountants or tax attorneys are likely to be seeking other kinds of guidance as well, such as finding ways to bring in more sales.


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