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With Rachel Reeves’ first full Autumn Budget scheduled for 26 November 2025, the business community is bracing for what could be one of the most consequential fiscal announcements in recent years.

The Chancellor has already made it clear that the UK’s public finances face pressure — and that “everyone will have to contribute” to restore stability. Against that backdrop, speculation is mounting over potential tax changes designed to raise revenue and reshape the economy in line with her “securonomics” agenda.

Here’s what accountants, business owners, and directors are watching most closely ahead of Budget Day.

As the year starts to wind down, November is the perfect time to pause, review, and prepare your business for the months ahead.

From tax planning to cashflow management, taking a proactive approach now can help you start 2026 strong — and avoid a few nasty surprises come January.

As speculation builds ahead of the Autumn Budget on 26 November 2025, one of the most talked-about possibilities is a significant change to how Limited Liability Partnerships (LLPs) are taxed.

Rachel Reeves has introduced the term “securonomics” as the cornerstone of her economic philosophy — a signal of how the UK’s fiscal strategy may evolve under her watch.

At its heart, securonomics rests on three core pillars: security, investment and fiscal discipline. For small and medium-sized businesses in Northern Ireland (and beyond), understanding these themes early gives you the strategic advantage of being prepared rather than reactive.

When it comes to sending chills down a business owner’s spine, three little letters stand above the rest… HMRC.

Even the most confident entrepreneurs can feel a shiver when an unexpected brown envelope lands on their desk. But here’s the truth: with the right systems, knowledge, and accountant in place, there’s nothing to be afraid of.

Tax season might not involve cobwebs or cauldrons, but for many business owners, it can feel just as frightening. As the 31 January filing deadline looms, even the bravest entrepreneurs can find themselves haunted by piles of paperwork, sleepless nights, and the fear of unexpected tax bills.

Halloween might come once a year, but for many small business owners, financial frights can strike at any time. 👻

From 18 November 2025, Companies House will begin rolling out a new identity verification process for all company directors and persons with significant control (PSCs).
This change forms part of the Economic Crime and Corporate Transparency Act, a major piece of legislation designed to increase transparency, tackle fraud, and strengthen trust in the UK’s business register.

Recent media reports are warning of potential tax rises ahead — and for many business owners, landlords, and high-net-worth individuals, that means it’s a good time to review your plans.

While no changes are confirmed yet, speculation is mounting around how the next Budget could attempt to raise revenue. As your trusted accounting partners in Northern Ireland, we wanted to walk you through what might be on the horizon — and what steps you can take now to protect yourself.

The UK Government has announced a wide-ranging plan to support small businesses, outlining a series of measures aimed at tackling long-standing challenges and helping smaller firms to grow.

The plan has been welcomed by leading professional bodies, including the Chartered Institute of Management Accountants (CIMA) and the Institute of Chartered Accountants in England and Wales (ICAEW), as an important step toward strengthening the UK’s small business economy.

New figures from the Office for National Statistics (ONS) show signs that the UK labour market is continuing to cool.

For the three months to June, unemployment rose slightly to 4.7%, the highest in four years, while average pay growth slowed from 5% to 4.6% including bonuses. Excluding one-off payments, pay remained flat at 5%, suggesting that employers are scaling back incentive-based rewards as budgets tighten.

HMRC has launched a new letter campaign targeting companies that may have miscalculated corporation tax marginal relief on their recent returns.

Businesses receiving one of these letters must respond within 30 days, even if they believe their calculations are correct. Failure to do so could result in a formal compliance check and potential penalties.

Chancellor Rachel Reeves is set to deliver her Autumn Budget on 26 November 2025. With borrowing at a five-year high and public finances under pressure, speculation is growing about which tax changes may be announced to raise revenue.

While nothing will be confirmed until Budget Day, it’s worth considering the areas most likely to affect individuals and businesses here in Northern Ireland.

At Exchange Accountants, we’re proud that a recent client survey showed 99% of our clients would be happy to recommend us to family and friends. For us, this is more than just a statistic — it’s a reflection of the relationships we’ve built and the trust our clients place in us.