November is always a key month for small businesses. The year-end countdown begins and with the Autumn Budget approaching, it’s a time of anticipation and, for many, uncertainty.
While it’s tempting to wait and see what’s announced, a proactive approach can make a real difference. Preparing early means you’ll be ready to act quickly when policy changes, tax updates or new incentives come into play.
Here are our top tips to get your business ready for the Autumn Budget and beyond.
1. Don’t Wait for the Budget — Anticipate It
Many business owners hold off on big decisions like hiring, investing in equipment or making major purchases until the Budget has been announced. But the most effective planning happens beforehand.
Make a list of any financial decisions you’ve been delaying and consider the possible scenarios. For example, if capital allowances are extended, could you bring forward an investment? If thresholds change, would that affect your hiring plans? By preparing now, you’ll be ready to act fast when the details are confirmed.
2. Check How Policy Changes Could Affect You
Even small policy adjustments can have a big impact, particularly for limited companies and growing sole traders. Keep an eye on:
- Corporation tax bands and rates
- VAT registration thresholds
- Employment support and National Insurance reliefs
- Investment or R&D incentives
Understanding which areas are most relevant to your business will help you focus your attention where it matters most.
3. Review What “Good Value” Means for You
With rising costs and tighter margins, it’s a good time to review where your money is going. Look through your main expenses and ask: Is this still bringing value to my business?
Trimming unnecessary costs can often have a greater impact than chasing new revenue. Small, thoughtful adjustments such as renegotiating supplier contracts or reviewing subscription services can add up to meaningful savings.
4. Revisit Your Pricing Strategy
If your costs have changed but your prices haven’t, it might be time for a review. November is the ideal point to check your management accounts and identify where margins have tightened.
Even small price adjustments can protect your profitability and help you stay sustainable into 2026. Remember, a clear, well-communicated pricing update is often better received than a sudden increase later.
5. Speak to Your Accountant Before the Announcement
Your accountant can help you plan for different scenarios before the Budget is announced. Discuss your short-term plans, from dividend payments and capital purchases to potential hires, so you’re ready to adapt if changes to tax or allowances are introduced.
At Venton, we work closely with clients to make sure their year-end strategies are robust and flexible. A quick conversation now could save you a lot of time (and stress) later.
6. Start Forecasting for 2026 Early
Forecasting doesn’t need to be complicated, even a simple version gives you clarity. Start by reviewing your 2025 figures and build a basic projection for income, expenses and cash flow for next year.
Once the Budget announcements are made, you can easily update your forecast with the new information. This helps you plan with confidence, rather than react in panic.
7. Stay Calm, Not Reactive
Budgets always bring headlines and speculation but not every change will impact you directly. The best approach is to focus on your own numbers, know your business inside out and keep your plans flexible.
By preparing early and staying informed, you’ll be ready to make confident decisions, no matter what’s announced.
Stay Prepared, Not Surprised
At Venton, we help small businesses plan ahead with confidence, before and after the Budget. Whether it’s reviewing your accounts, forecasting for the new year or understanding how policy changes might affect you, we’re here to help you make informed, proactive decisions.
Get in touch to review your year-end strategy and start planning for 2026.