In small business, lost opportunity translates into dollar amounts. Taking on a strategic client for a small profit is a wise investment if the experience, exposure, and finished product help you to gain additional, more-profitable contracts. To deny a potentially fruitful opportunity means losing out not only on that contract, but on the exponential effect it may have had on future work. At Bullock & Leslie Tax & Accounting, we’re concerned with the big picture of your business’s financial future.

So when the US government shut down October 1-17 over budget and debt ceiling disagreements, taxpayers lost out not only on the services that would have been rendered during those weeks but also on the cost of closing, reopening, and catching up for each one of the government agencies affected. In addition, we sacrifice the opportunity to stay ahead of our agency’s work to the tune of $24 billion. That TIME/Standard & Poor’s estimate breaks down to:

  • About $3.1 billion in lost government services, according to the research firm IHS
  • $152 million per day in lost travel spending, according to the U.S. Travel Association
  • $76 million per day lost because of National Parks being shut down, according to the National Park Service
  • $217 million per day in lost federal and contractor wages in the Washington D.C. metropolitan area alone
If you aren’t yet using a CPA for your small business, consider the opportunity cost of the time you’re spending on accounting for your business that you could be spending adding new clients or servicing existing ones. We’re your Melbourne FL CPA firm for all of your accounting needs!