A smarter way to move forward in 2025/26
The rush of year-end deadlines. The late nights finalising accounts. The scramble to get everything submitted on time. If you’re like most business owners, the close of the 2024/25 tax year was a whirlwind.
But now that the dust has settled, it’s time to look back — not just to review, but to improve.
At Kingston Burrowes, we always encourage our clients to treat the year-end as more than just an accounting milestone. It’s an opportunity to take stock of what worked, what didn’t, and what you want to do differently in the year ahead.
Here are a few key areas to reflect on.
- How healthy are your financials?
Your year-end accounts tell a story — but are you reading between the lines?
- Did your profit margins meet expectations?
- Were you consistently hitting your revenue targets?
- Did your cash flow remain stable, or did you have crunch points?
Now is the time to analyse trends, spot issues early, and make informed decisions for 2025/26. If you didn’t have regular management reports this year, it may be worth putting a monthly or quarterly review process in place.
- Were your systems and processes up to scratch?
A chaotic year-end often signals a lack of systems throughout the year.
- Were your records up to date and easy to access?
- Did you rely heavily on last-minute fixes or manual input?
- Could technology have saved you time or reduced errors?
Consider whether it’s time to invest in cloud-based accounting software, automate payroll or invoicing, or streamline your internal processes. The smoother your day-to-day operations, the less stressful your year-end will be.
- Did you take advantage of available tax reliefs and allowances?
Now is a good time to assess whether you made the most of your opportunities:
- Capital allowances
- R&D tax credits
- Staff benefit schemes
- Dividend optimisation
- Pension contributions
If you’re unsure what could have applied, a review with your accountant can help you spot missed opportunities — and make sure you’re ready to claim them next time.
- What did your business really achieve?
Sometimes it’s easy to get lost in the numbers. But take a step back:
- Did you grow your client base?
- Did your team expand?
- Did you launch a new product, service, or marketing initiative?
These achievements deserve recognition — and can form the foundation of your goals for the next 12 months.
- What do you want to change in 2025/26?
Year-end reflection isn’t just about looking back. It’s also about making conscious choices moving forward.
- Do you need better forecasting?
- A more proactive tax strategy?
- Help managing costs or improving profitability?
Whatever your goals, having a clear plan can help you move into the new financial year with confidence. New tax rules and frozen thresholds could impact your finances more than you realise.
Here’s what’s changed — and how to stay one step ahead
Let’s build on the past to strengthen the future
At Kingston Burrowes, we’re here to help you take the lessons of 2024/25 and turn them into practical steps for growth in 2025/26. Whether you need a post-year-end review, strategic advice, or day-to-day support, our team is ready to guide you.
Get in touch today to book your business review and start the new year on solid footing.
