Autumn financial checklist for business owners

As 2025 draws to a close, now is the perfect time for business owners to take stock and prepare for the year ahead. A little financial housekeeping before year end can make a big difference to both your tax position and your company’s financial health. Here are some key areas to review this autumn

Review your cash flow

With costs rising and uncertainty around future tax policy, a clear picture of your cash flow is essential. Take time to update forecasts, review debtor and creditor balances and plan for upcoming liabilities such as VAT, corporation tax and PAYE. Good visibility helps you make informed decisions and avoid surprises.

Salary and dividend mix

For directors of owner managed businesses, it’s worth checking the balance of salary versus dividends before the year end. With dividend allowances cut and thresholds frozen, the right mix can reduce overall tax and NIC. Speak to your adviser to make sure you’re drawing income in the most efficient way.

Use annual allowances

Don’t forget to take advantage of your annual tax free allowances. These include the £500 dividend allowance, your ISA allowance and the capital gains tax exemption.  If unused before 5 April 2026 they are lost, early planning ensures you get the full benefit.

Pension contributions

Pensions remain one of the most tax efficient ways to save for the future. Contributions can reduce taxable profits for your company and save personal tax. With potential changes to pension tax relief on the horizon, making use of allowances while they remain available could be worthwhile.

Prepare for Making Tax Digital (MTD)

MTD for Income Tax will apply from April 2026, but landlords and self employed individuals should start preparing now. Review your accounting systems and processes to ensure they can handle quarterly digital reporting. Getting ready early will save headaches later.

Review business expenses

Finally, go through your expenses and ensure you’re claiming everything you’re entitled to. This includes business mileage, use of home as office and staff costs. Small claims add up over time and can improve cash flow.

If you have any questions or queries about your autumn finances please get in touch with your Swindells’ partner who will be able to help.