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by 卡塔尔世界杯常规比赛时间 research
it looks like 2025 is going to be a year of obstacles (a.k.a. opportunities), instability (change), potential (good and bad) and surprises (just wait) – not just for the accounting industry but for the industries of its clientele. and the biggest opportunities for accountants will be in their most successful clients.
more barometer: tax preparers share advice for your clients | staffing, tech, prices top tax pros’ concerns | tax pros gear up for a better busy season | tax season 2025 begins. ready or not.
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where will growth occur? the 2025 busy season barometer is asking, and 卡塔尔世界杯常规比赛时间 members are answering. here’s where they’re telling us to expect growth:
technology
- “technology as the world moves faster to reliance on this sector.”
- “technology (companies) stand out with all the private equity going into them.”
- “ai seems to be expanding geometrically and will help all industries. i think technology will benefit by having such demand.”
- “technology because of the issues that many people do not want to work or have a lower work ethic. forced to replace or augment people with technology. also remote or work from home has opened the door to replace local workers with less costly foreign workers. started with big business but small business can’t ignore the cost savings. technology allows this. i have seven employees; tech (software, computers, phone, internet) now is my second largest expense after payroll. it was not this way 20 years ago.”
energy
- “oil and energy – watch as more marginal wells are turned off.”
- “oil and mining because of trump’s initiatives.”
- “i believe the new administration will cut much of the red tape imposed by the democrats on energy production.”
- “energy – new administration has expressed its desire to increase exploration to improve our energy independence.”
real estate
- “real estate, in our area. the housing market is very hot, a true sellers’ market as consumers are either looking for larger homes to accommodate multigenerational families or downsizing to stretch existing income. it’s made for a shortage of properties in certain markets with the average home price now over $750,000. mortgage lenders have waiting lists for not only new clients but existing clients remortgaging their home to take advantage of their equity.”
- “construction – housing, whether affordable or not, is continually in short supply.”
- “real estate – interest rates are going down and people are looking to spend money.”
- “in australia, the building industry, driven largely by demand and supply shortages.”
- “construction. america’s aging infrastructure.”
recreation and leisure
- “cannabis and gaming are the new thing. relaxing social acceptance of these perceived vices has opened up opportunities to expand in these areas, which show indications of high pent-up demand.”
- “cannabis, as it will help states with their shortfalls of income.”
- “restaurants will need to deliver more to stay competitive.”
business and manufacturing
- “manufacturing and distribution, because they will be better supported by the new administration in washington.”
- “the new administration will be focused on what will benefit big corporations and u.s. resources, so any industry that is connected to big corporations or corporate earnings (i.e., stock investment) should flourish in the upcoming environment.”
services
- “professional services. the need for professional advice will be greater.”
- “two could excel, as i see them: cannabis because of the tremendous revenue it produces for local governments, and technology for advancements toward cybersecurity and new program development.”
- “health care-related professional services are clear winners because of demographic trends (baby boomers). other sectors have upside/downside risks that seem to net each other out or are unclear in magnitude for fair assessment at the moment.”
- “professional services – because of low overhead and ability to easily adapt to the marketplace.”
- “professional services can really name their price, not as sensitive to economic conditions as many other industries.”
- “trades.”
finance
- “banking: reduced regulations.”
- “cryptocurrency has drawn a lot of interest from the incoming administration, so i expect congress and the president to put forth legislation to boost its usage.”
- “i am hopeful we have a united and unified house, senate and president to provide tax relief and reduce interest rates. financial markets will respond favorably.”
- “brokers/dealers – because people are starving for financial guidance.”
- “accounting stands out as having huge potential for the following reasons:
1) not enough young people going into the business means there’s opportunity to use technology to serve more clients.
2) there’s room for rates to increase.
3) an excellent accountant can provide massive value to their clients.
4) it’s easier than ever to work remotely. that means both remote meetings with clients and remote staff.
5) it’s time to get creative and make the industry attractive! we offer pay that’s well above industry averages and we only work four days/week outside of tax season.”
other
- “ha! just looked in my crystal ball :).”
- “i have no idea who will thrive and who will not.”
- “who knows?”
where do you see the potentials for your firm and your clients? the busy barometer needs your input. click here to take part and receive the results.