How to get your business ready for 2026

As the year draws to a close, November is the ideal time to step back and prepare your business for 2026. A little forward planning now can make the difference between simply reacting to changes and starting the new year with clarity and control. Here are five key areas to focus on before the Christmas slowdown.

1. Review your cash flow and budgets

With inflation stabilising and costs still unpredictable, updating your cash flow forecast is essential. Look ahead to the first six months of 2026 and identify any seasonal dips, major outgoings or tax payments due. Understanding your upcoming commitments allows you to plan for growth or secure funding early, rather than being caught out by surprises.

2. Plan for tax changes

Tax policy is evolving. From frozen thresholds to potential new rules on pensions, property and National Insurance, it pays to stay ahead. Reviewing your corporation tax position before the year end can uncover opportunities to claim allowances, defer income or accelerate investment. For directors, it’s also worth checking your salary and dividend mix to make sure it remains tax efficient in light of current thresholds.

3. Update your systems for Making Tax Digital

Making Tax Digital for Income Tax (MTD IT) will apply from April 2026, but preparation takes time. If you’re self employed, a landlord or run a small company, review your accounting software now to ensure it can handle digital quarterly submissions. Transitioning early gives you time to iron out issues and avoid a last minute scramble.

4. Revisit your goals and business plan

Strategic planning isn’t just about compliance — it’s about direction. Take this opportunity to reassess your 2026 business goals; revenue targets, staffing needs and investment priorities. Align your financial plans with your long term vision so that every decision next year supports sustainable growth.

5. Get advice early

An autumn review with your accountant can help you spot risks and opportunities before year end. Whether it’s optimising tax, managing cash flow, or preparing for regulatory change, getting ahead now means you’ll enter 2026 ready to move confidently.

Swindells can help you review, plan and prepare, ensuring your business starts the new year strong, compliant and ready for growth. Get in touch with your Swindells partner to arrange a year end planning review.