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CFOs are facing a complex and uncertain business environment due to new tariffs and the potential reauthorization of the Tax Cuts and Jobs Act (TCJA). Tariffs are creating complexity and uncertainty, making it difficult for CFOs to forecast and plan. The potential reauthorization of the TCJA could also have a significant impact on CFOs, as it could lead to changes in tax deductions and excise taxes. To navigate these challenges, CFOs should engage in scenario planning, collaborate on pricing strategies, and actively participate in advocacy efforts.

Some key considerations for CFOs are:

• Tariffs: CFOs need to be aware of the potential impact of tariffs on their businesses. They should also be prepared to adjust their pricing strategies to account for the increased costs associated with tariffs.
• TCJA: CFOs need to stay current on the latest developments related to the potential reauthorization of the TCJA. They should also be prepared to make changes to their tax planning strategies if the TCJA is reauthorized.
• Scenario planning: CFOs should engage in scenario planning to help them prepare for different possible outcomes. This could include planning for different levels of tariffs or changes to the TCJA.
• Pricing strategies: CFOs need to collaborate with other members of their management team to develop pricing strategies that will allow them to offset the increased costs associated with tariffs.
• Advocacy: CFOs should actively participate in advocacy efforts to help shape the policies that will impact their businesses. This could include working with trade associations or lobbying lawmakers.