02 Feb New Administration Business Impact
Ask Me Anything: The Nuts and Bolts of Selling a Business in 2025
Question:
What do you see changing in 2025 with a new administration?
Answer:
I am not sure what to expect, but I do know there many small/medium sized business owners who are nervous even while some owners, specifically domestic manufacturing, are very bullish. Those who worry, are nervous about tariffs and how price increase may impact demand for their product. They worry if imports from Canada are taxed, items such as timber and gas will increase, eroding consumer spending overall.
Distributors are worried price increases because of tariffs will dampen demand and increase the capital required to stock inventory. Still others are worried about the impact of deportations. They worry deportations, without an increase in legal immigration, will reduce the workforce causing wages to rise even more. Generally, the marketplace likes stability, even when they feel the rules are unfair. When the marketplace is unstable and unclear, it is hard to make decision on hiring, investment and growth. This leads to lower investments, fewer jobs, which leads to less spending….
During the 2024 Managing and Accounting Practice (MAP) Conference hosted by the Massachusetts Society of CPAs (MassCPAs), Beacon Equity Advisors presented an AMA (Ask Me Anything) to the CPA firm partners attending. We thought we would share some of their questions and our answers.