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As we begin 2025, now is the perfect time for businesses to reflect on the previous year and look forward with clear financial goals. January sets the tone for the entire year, and by planning effectively, business owners can ensure they are positioned for growth, success, and smooth operations. Whether you’re a start-up or an established SME, here’s how you can set up your business for success in 2025—and why Exchange Accountants can be the perfect partner to help you achieve those goals.

A New Year brings new opportunities, and for many, it’s the perfect time to act on the dream of starting their own business. If launching a business is on your list of New Year’s resolutions, you’re not alone—2025 could be the year that changes everything for you.

At Exchange, we’re here to guide you every step of the way, ensuring that your new venture is built on a solid foundation. From developing your business plan to managing your finances and taxes, our Start-Up Business Package is tailored to make your entrepreneurial journey as smooth and stress-free as possible.

As the festive season approaches, businesses often face an increase in spending on staff celebrations, gifting, and other year-end expenses. However, there are several tax-saving opportunities available to businesses, especially in the run-up to Christmas. From staff parties to gifting, businesses in Northern Ireland can benefit from tax relief and deductions that can help reduce the financial impact of seasonal spending.

The Autumn Budget 2024 has introduced several measures aimed at improving wages and employee welfare, including significant increases to the National Minimum Wage (NMW) and changes to National Insurance contributions. While these measures aim to benefit employees and improve disposable income, they also bring new challenges for employers—particularly small businesses. Here’s a breakdown of how these changes will impact both employers and employees, and some strategies to manage these transitions effectively.

The Autumn Budget unveiled several measures aimed at promoting sustainability and addressing the climate crisis. With an emphasis on renewable energy, environmental funding, and green incentives, the budget signals significant opportunities for businesses aiming to align with sustainability goals.

Digital accounting, the modern approach to managing finances, can be a game-changer for businesses aiming to grow.

In today’s complex financial landscape, individuals and families are increasingly turning to trusts as a means of safeguarding assets and managing their wealth. Trusts offer a range of benefits, including asset protection, tax efficiency, and control over inheritance.

Lisburn-based digital accountancy specialist Exchange Accountants has launched a ‘Start-Up Business Package’ (SBP) to provide a much needed ‘helping hand’ to local entrepreneurs on their road to starting up a new business.

Effective January 1, 2024, businesses globally are now obligated to notify tax authorities of their ‘side hustle’ activities.

As the new year unfolds, businesses often contemplate resolutions to elevate their operations, enhance financial health, and foster sustainable growth.