Editor’s Note: This article provides an accurate overview of key tax changes and policy actions initiated by the new administration. However, the pace of legislative and executive developments in Washington remains extraordinarily rapid. More recent actions—particularly shifts in tariff policies—may have a larger impact on the economy and our clients than some of the initial policy changes. Given the evolving nature of these regulations and their potential financial implications, we are closely monitoring these developments. We encourage you to stay informed and reach out to your advisor for the most up-to-date guidance tailored to your specific situation.

The only constant in today’s business world is an evolving economic outlook. Businesses are negotiating a web of challenges to preserve their bottom lines from inflationary pressures and supply chain interruptions to changing global markets. Even if inflation has slowed down since its height in the early 2020s, primary challenges still include changing customer expectations, unpredictability in material costs, political movements affecting all aspects of business, disruption from emerging technologies, emerging international competition, and a constant demand for nimble pricing strategies.

Maintaining pricing power in this changing environment is no simple task; it requires proactive planning, clear communication, and real-time adaptation. Here’s how your company might keep ahead.