Recession Resource Hub
At Bench, we understand that the current economic environment is uncertain, and it can be a challenge to know how to prepare your small business. With clients like you in mind, we have created this resource hub to help get you up to speed.
The basics that you need to know
Recession: What It Is and Its Impact on Small Businesses
As a small business owner, you may hear economists warn businesses of a "looming recession". But what exactly does a recession mean and why should you care about it?
How to Deal with Inflation's Effects on Your Small Business
This is an expensive time to be running a small business, but there are ways to protect yourself from the effects of inflation.
How Bench's Bookkeeping Can Help You Prepare For A Recession
How you can use your monthly financial statements provided by Bench to help prepare your business for economic uncertainty.
Have questions about how to prepare your business for uncertain economic times?
Send your question to your Bench Bookkeeper in your message feed and they will connect you with our team of experts. From helping you understand how to analyze your cashflow, to discovering loan options — we have you covered!
Some ways to prepare your business
Do a Cash Flow Analysis
By following our step-by-step guide, you can feel confident knowing your cash situation and make better decisions about where to spend and where to make cuts.
Create a Business Emergency Fund
If the past few years have shown us anything, it’s just how crucial having an emergency fund for your company can be.
Create a Business Strategy for 2023
The 2023 business and economic environment will be unique in many ways. Create a business strategy that will best set you up for this year ahead
Tax season is just around the corner
If you found this page helpful, you should check out our Tax Resource Hub. Get exclusive access to deadline reminders, entity-specific tax guides, on-demand webinars and more!
Other helpful resources
How to Get a Small Business Loan
If you’re looking to inject some capital into your business, here’s how to get a small business loan in nine steps.
How the Inflation Reduction Act Could Positively Impact Your Small Business
To address rising inflation, the U.S. government passed the Inflation Reduction Act (IRA) of 2022, here is how it will impact small businesses.
17 Big Tax Deductions (Write Offs) for Businesses
Ensuring that you are taking advantage off all of the small business tax deductions available to you this tax season will help leave you with more money in your pocket this tax season.