Word: brennans
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...Brennan isn't alone...
...recession has hit small businesses particularly hard during this recession, and government bailout programs have yet to offer significant incentive programs aimed at propping up the battered sector. Although there are some provisions for small companies, "we're not seeing it," says Brennan. "We're always left...
...Brennan isn't convinced a tax credit for new hires will work. "I don't have any work for someone, so giving me a $5,000 tax credit to hire someone and pay them $40,000 a year with health benefits and vacation, that's $60-grand. Do the math," he says. Brennan would prefer the government offer a tax credit or tax cut for every dollar that small businesses spend on health care for their employees. (Read "How to Know When the Economy Is Turning...
...Brennan admits this is the worst he's seen the business environment, but remains optimistic the sector will rebound with or without a stimulus package...
...more of a Warren Buffett approach - there are good times in business and bad times," says Brennan. "But this one just came like a tsunami - we were so busy we didn't see it coming...