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U.S. businesses are facing pressure to drive revenue, manage costs and increase shareholder value, all while surrounded by economic and political uncertainties. Disruptions to supply chains brought about by the pandemic have continued into 2023. Inflation and rising interest rates have made the cost of debt, goods and services more expensive and cooled consumer spending. The stock market continues to fluctuate and the prospect of a recession is on the rise. What’s more, the outcomes of the upcoming November U.S. Presidential election will shape future tax policies. How do businesses thrive in uncertain times? By turning toward opportunity, which includes proactive tax planning. Tax planning is essential for U.S. businesses looking for ways to optimize cash flow while minimizing their total tax liability over the long term. Read more here.
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