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The United Capital Source Business Journal

The holiday season has been good to retail owners in recent months. It’s been estimated that during Black Friday and Cyber Monday sales alone, consumer spending was up by as much as 3% over last year’s figures. Projections have been correct, according to just in reports from Trading Economics figures through December 14th. The National Retail Federation also reported that consumer spending is up, 56% of it taking place online. The average amount individuals spent on gifts for the holidays was $588.90; the largest portion spent on gift cards, clothing, consumer electronics, food and beverages. It’s no wonder that holiday sales generally represent around 20% to 40%of the annual revenues for most retail owners.

Money. It’s the lifeblood of every small business. In a perfect world, you’d have plenty to pay your ongoing operations bills. Plenty when you want to expand or upgrade. Or when you need to stock up on inventory. Enough money to easily handle emergencies. Or take advantage of surprise opportunities. But what small business owner operates in a perfect world? No one we know. So for you, we have three words: small business loans.

Small business owners eagerly anticipate the start of each New Year. Not only is it a great opportunity to reflect on the past year, but it can also be a time for setting strategic goals and making positive changes that can impact the success of the business. One of the primary areas that all small business owners ponder is in terms of their merchant finances. Whether a small business loan has supported the business or alternative business funding such as a merchant cash advance has played a big role, it’s important to know what may be happening in the near future.

With 2017 on the horizon, many consumers and business owners alike are carefully evaluating their financials, including the use of credit cards and small business loans. It appears that many have prospered over the last 12 months and will continue to do so in the New Year. Now that the presidential election is over, Americans are eagerly anticipating what’s to come in the financial markets, including credit cards.

Whether the holidays are your busy or slow season, this time of year presents challenges and opportunities for every small business owner. Taking advantage of the season requires some extra planning, but so what? Extra planning is a "Tuesday" for small business owners.

As the year quickly comes to a close, small business owners are already a step ahead of things by considering all the ways they can reduce their taxes by taking deductions and using smart tax tips. Nolo estimates that the average savings can add up to as much as 43% of your earnings, which can drop your business into a lower tax bracket. But, where should you start when there are so many opportunities to reduce your tax liability?