Achieve 2025 Goals: Six-Week Strategy Framework for Leaders

It can be difficult for business leaders to switch off for the holiday season. However, you can turn your worries about the "cost" of rest and relaxation into a year-end profit boost with a few simple, engaging and potentially lucrative end-of-year activities. These three focus areas offer significant opportunities for your business and can make a real impact without taking over your holiday plans — just a bit of time invested can go a long way!

Plan for the New Administration

The year ahead will be challenging as the first year of an incoming administration. While it may be impossible to predict how the campaign’s policy proposals will be processed by Congress and translated into written law, it’s always smart to be proactive.

Join CBIZ for a roundtable discussion, “2025 Tax Strategies: Insights, Forecasts & the Election’s Impact on Planning.” Whether you’re a business owner, individual taxpayer or tax professional, our professionals will equip you with the knowledge to make informed decisions, helping you navigate the complexities of 2025 tax planning.

We have an idea of the incoming administration’s approach to refining corporate and individual tax, cross-border transactions, and the industries and initiatives that might receive more or less government funding, support or subsidies. Adjusting your business objectives accordingly could prove to be the difference between a disappointing performance or accelerated success in 2025.

Align on Business and Tax Strategy

Year-end often brings a comparative lull to even the most active office environments. It may be the best chance for business leaders to come together to talk about big-picture strategies. When everyone puts their heads together, you can put particular emphasis on aligning objectives across the organization. If your business needs to tighten up compliance measures, for example, this is the time to work through the practical impact of new processes and procedures. The same goes for high-priority goals in other areas. Any degree of change is likely to be accompanied by growing pains, but with solid planning and careful anticipation, the headaches and disruptions associated with even profound variations can be minimized.

How this looks in practice will be unique to every business. However, for all organizations, this means aligning your tax experts with your accounting and business teams to focus on the goals and strategies that will most impact your bottom line in 2025. Ask the collective group of leaders:

• Where do we excel?
• What support can we offer one another to ensure we’re moving together toward shared objectives?
• What challenges will we face in the coming year that we need to address cohesively to overcome?
• What opportunities can we capitalize on?

Evaluate Your Tech

Now that you’ve assessed your business strategy, you want to ensure you have the proper technology in place. Connect with your providers to evaluate your current technologies and explore alternatives that may be a better fit moving forward. With tech constantly advancing and each technology providing unique advantages and applications, the period just before renewal is prime for evaluating the market.

However, be aware that integrating a new system could carry costs related to the professionals managing its implementation. This is of particular concern for those with a multifaceted or otherwise complex technology environment. Overtime for in-house staff and potentially higher fees for those using third-party professionals to manage an influx of integration-related tasks are a possibility.

Year-end is also a perfect time to explore the potential of artificial intelligence (AI) and consider integrating AI tools into your business. AI can revolutionize how you operate, streamlining processes and enhancing efficiency across various aspects of your organization.

CBIZ professionals are here to help with the expert guidance you need to plan for the future. Connect with us today.