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916-398-1637
Refund Saves Jobs
Fax Your Order To: 916-992-1450
3”
X
18” SIGNS
ACCORDING TO the National said NRF VP and tax counsel,
Retail Federation (NRF), the Rachelle Bernstein. “Because
$10 billion business tax refund retail sales have fallen so dra-
in the recent unemployment bill matically over the past year and
will help save retail jobs. The access to capital has been so
legislation will bring recession limited, retailers are experienc-
plagued retailers and other ing severe challenges in fi nding
businesses more than $10 bil- the cash they need to operate
lion in badly needed cash by their businesses, as the econo-
lengthening the period during my moves toward recovery.”
which they can “carry back” “The congressional vote
current losses, to claim a tax re- comes at a crucial time, be-
fund from previous years when cause most retailers see
they made a profi t. “This legis- between a quarter and half
lation will provide retailers with of their annual sales during
an important source of capital the fi nal quarter of the year,
to fi nance their operations and as consumers buy gifts for the
keep employees on the payroll,” holidays,” Bernstein pointed
out. “If retailers can’t fi nd a
way to fi nance inventories for
the 2009 holiday season, many
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could be forced to close stores,
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erating losses suffered during
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the current recession, in order
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.ATURAL!IR&Ss!RESHENERROMATH
"AT
ERAPY continued on page 18
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16 December 2009 www.covermag.
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com MENTION

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