capital, technology and the federal government are just some of the concerns.
by 卡塔尔世界杯常规比赛时间 research
the 卡塔尔世界杯常规比赛时间 busy season barometer sure opened a can of worms when it asked what will be “important” for businesses over the next 12-18 months.
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the survey offers a list of nine issues to choose from but then asks an open-ended question about what else will be important in the near-term future.
it turns out a lot of things will be important. here are a few in the voices of accounting professionals across the country.
wendy s. weber, at weber accounting and tax service in akron, ohio, says: “federal budget cuts/reorganization. most of our concern is what will it do to school funding and how our state will handle any federal cuts that may take place.”
tim e. gehring, at gehring & farrwood in pullman, wash., seems to be talking about accounting firms when he says, “the costs of doing business are simply going to go up. by how much is the real question. this will likely lead to larger firms eating up smaller firms and consolidating (gaining economies of scale). however, in the mid-term this could also lead to mid-level firms struggling and breaking apart. small firms and large firms will be mostly unscathed.”
ron frazier, ea, founder of ez1040taxservice in tannersville, pa., has his finger on the pulse of his clients, identifying their most important problem as “affordable capital. the majority of my clients are small businesses which require capital to not only keep their businesses afloat, but to expand.”
shawn park, with p&c group in los angeles, says, “ai. it’s a game changer in so many aspects. we are so far 75 percent automation firm. we are going for nearly 90 percent automation this year.”
pamela corn, with robnett cpas in austin, tex., says, “the uncertainty in the economy will drive a lot of decisions by business owners and clients who are getting ready to retire. there is too much instability right now. the new government reality is frightening.”
lewis talbert says, “in my opinion congress needs to extend the trump tax cuts. the raising of the standard deduction has helped the working class tremendously and has simplified much of tax reporting.”
some respondents preferred to remain anonymous, but here’s what a few of them had to say.
- “affordable capital and economic uncertainty have caused investors to sit on their capital or charge toxic returns to make it available to businesses.”
- “federal reorganization – unpredictable and chaotic; business conditions expected to worsen as a result.”
- “new tax legislation (includes tariffs). this is impacting our business clients in a big way, but the trickle-down impacts consumers, not making purchases and being conservative. there appears to be very little confidence in our government and leadership.”
- “media’s influence on public opinion and feelings.”
- “i worry that the tariffs and crackdown on undocumented workers are going to cause a deep recession.”
- “technology, as it has caused the pace of change and cost of doing business to increase dramatically.”
- “as interest rates remain high and the cost of borrowing remains above recent norms, many clients are feeling worse off. inflation hasn’t cooled. new minimum wage changes will pinch profits more in september.”
you know your clients’ businesses better than just about anyone else, so you know what they need to know. the busy season barometer wants to know, too. click here to share your knowledge.