• Tax Law Changes: Potential adjustments to federal tax brackets, deductions, and business tax credits could impact planning strategies.
• Economic Growth: The U.S. economy is expected to stabilize, with inflation easing and interest rates potentially adjusting, affecting both personal and business financial planning.
• Business Expansion: With the increasing demand for proactive tax planning, accounting firms like Lamm & Co CPA’s will likely see a surge in consulting, tax advisory, and financial planning services.
• Technology Integration: More businesses will leverage AI-driven accounting tools and cloud-based financial management, streamlining tax preparation and reporting.
• Investment & Retirement Planning: With potential market fluctuations, individuals and businesses will need to focus more on diversified financial strategies and wealth management.