2025 has been a year of steady but significant change across the SME accounting landscape. Rather than the sweeping overhauls some predicted, the sector has experienced a series of incremental shifts including regulatory adjustments, evolving client expectations, deepening technology adoption, and persistent skills pressures.

Together, these shifts have reshaped both the operating environment for SMEs and the accounting professionals advising them. As the year closes, a number of areas stand out as the key issuues defining 2025.

New company size thresholds: practical shift; broad impact