Picture this: it’s the morning after the election, your coffee is brewing, and before you can say "qualified business deduction," you’re hit with the news: Trump has won. Whether you’re elated, perplexed, or just wondering how to work this into a pottery class theme, you’re asking the big question: What does this mean for my paint-your-own pottery (PYOP) studio?
Don’t worry, studio owner extraordinaire—we’ve got you covered.
First things first: the markets love certainty, and boy, do they hate drama. The stock market’s initial response to the election was a big sigh of relief—not because of who won, but because we’ve checked the "uncertainty" box off the list. That’s good news for your studio’s financial planning because smoother sailing in the broader economy usually trickles down to better retail spending. Translation? Customers with steadier wallets ready to grab a ceramic mug and a brush.
If you’re like most small business owners, you’ve been blissfully (or ignorantly) benefiting from the qualified business deduction. That’s a fancy way of saying 20% of your income gets a tax break before Uncle Sam sticks his hand in the jar. This deduction was set to expire in 2025, but with a Republican-controlled government, you can breathe easy. Chances are, it’ll stick around. That’s real money you can reinvest into your studio for better brushes, snazzy events, or even that dreamy kiln you’ve had your eye on.
With the House, Senate, and presidency all under one party, things might actually get done in Washington (cue shocked gasps). This means legislative changes could move faster. For you, that’s less red tape and more clarity in financial planning—no need to panic about restructuring your business or bracing for surprise tax hikes.
Here’s the bottom line: your business’s job is to support you, not the other way around. With Trump’s victory, the economic environment could give you just the boost you need to create a studio that thrives and shares joy with your community. This is the moment to bake smooth financial systems into your business’s DNA and ensure you’re not just working in your studio but growing it into a worthy investment.
Need help navigating these changes and setting up systems that support a healthy retail and event-driven studio? PYOP Accounting is your dynamic partner in building a real business that delivers profitability and peace of mind. Because life is too short for low returns on big energy.
Ready to turn this political curveball into a masterpiece? Let’s get to work!
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Donna Bordeaux, CPA with PYOPAccounting.com
Creativity and CPAs don’t generally go together. Most people think of CPAs as nerdy accountants who can’t talk with people. Well, it’s time to break that stereotype. Lively, friendly, and knowledgeable can be a part of your relationship with your CPA, as demonstrated by Donna and Chad Bordeaux. They have over 50 years of combined experience as entrepreneurial CPAs. They’ve owned businesses and helped business owners exceed their wildest dreams. They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.
