published by Askew CPA Firm | Expert Tax, Accounting, and Financial Guidance
Staying ahead of financial trends is key to making smart money decisions in today’s ever-evolving economy. Whether you’re managing a household budget, running a small business, or planning for retirement, the financial landscape of 2025 brings new opportunities—and challenges—that are important to understand.
At Askew CPA Firm, we help individuals and businesses navigate today’s complex financial environment with expert, up-to-date advice. Here are the top trending financial topics in 2025 you should be watching:
1. High Interest Rates Are Reshaping Personal & Business Finance
The Federal Reserve continues to keep interest rates elevated to combat inflation. As a result:
- Consumers are paying more for credit cards, mortgages, and auto loans.
- Businesses face higher borrowing costs for expansion and operations.
- The Federal Reserve’s outlook for 2025 suggests a potential slowdown in economic growth, with a slight increase in the unemployment rate and a gradual decrease in inflation towards the target rate of 2%. The Fed is likely to maintain a cautious approach, monitoring economic data and potentially cutting interest rates in the latter half of the year.
Tip: Work with a CPA to reassess your debt strategy and explore cost-saving opportunities through refinancing, cash flow management, or new budgeting tools.
2. Inflation-Driven Financial Planning
Persistent inflation in key sectors—like healthcare, food, and housing—is forcing Americans to rethink their budgets. In 2025:
- Saving for emergencies and retirement requires larger monthly contributions
- Many are shifting investment strategies to protect against inflation
- Budget-conscious consumers are turning to CPAs for spending, financial and planning assistance
Pro Insight: Askew CPA Firm offers personalized financial planning to help you stay on track, even during economic shifts.
3. Digital Payment Platforms and IRS Reporting
Apps like Venmo, Zelle, and Cash App are now under greater IRS scrutiny due to updated 1099-K reporting thresholds.
If you’re using these platforms for business transactions, rental income, or side gigs, accurate tracking and reporting are now a must.
Askew Tip: We help small businesses and freelancers set up compliant systems for digital income tracking—before tax season surprises you.
4. Financial Literacy & Generational Wealth Planning
In 2025, more families are focusing on:
- Building multi-generational wealth
- Teaching teens and young adults about budgeting and investing
- Using Roth IRAs, HSAs, and trusts for future security
- Considering insurance (CVLI) for tax planning, tax-deferrals and penalty-free withdrawals.
What You Can Do: Askew CPA Firm offers tax-smart strategies, including partnering with insurance and wealth management specialists to help you build a lasting financial legacy for your family.
5. Small Business Owners Are Prioritizing CFO Services
More small businesses are investing in part-time or outsourced CFO services to:
- Improve profitability
- Control cash flow
- Prepare for growth or succession
We offer virtual CFO services tailored to small businesses who want big-picture strategy without the full-time cost.
6. AI in Finance: Opportunity and Risk
AI tools are making headlines for everything from robo-investing to AI-generated financial forecasts. While automation can help with budgeting and analysis, it’s still important to:
- Verify data accuracy
- Understand the why behind your numbers
- Pair tech with real human advice from trusted CPAs
Final Thoughts from Askew CPA Firm
At Askew CPA Firm, we stay ahead of the curve, so you don’t have to. Whether you’re planning for a major life event, optimizing your business finances, or just trying to make sense of changing financial rules in 2025, we’re here to help.
Contact us today to schedule a free consultation and take control of your financial future with confidence at elizabeth@askewcpafirm.com or (713) 352-0831 www.askewcpaservices.com
