The Trump Effect: Accountants See Better Business Conditions

Changes to the Affordable Care Act are envisioned.

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By Rick Telberg
CPA Trendlines Research

In the first days following Donald Trump’s presidential election victory, tax and accounting practitioners surveyed say the results have lifted their confidence in the business outlook.

Curiously, accountants appear distinctly more confident in their own futures than in the nation’s outlook as a whole.

MORE POST-ELECTION ANALYSIS:   Why Accountants Voted the Way They Did

Some 56 percent say they are “somewhat” or “much” more confident in the 18-month outlook for their own firms. Even more, about 60 percent, say the election results could be good for their clients and customers. About 59 percent see brighter prospects for themselves and their own families. And 56 percent are feeling better about the nation’s economy as a whole.

To be sure, however, your outlook may depend on who you voted for. Trump voters are decidedly more upbeat about the future than Hillary Clinton voters.