As we look ahead to 2025, business owners, accountants and financial advisors face a rapidly shifting tax landscape. With significant changes on the horizon, from adjustments to business asset disposal relief (BADR) to the phased implementation of Making Tax Digital (MTD) and increases to employer National Insurance contributions (NICs), proactive planning is essential.

In the longer term, from April 2026 onwards, advisers will need to contend with the substantial changes to inheritance tax (IHT) reliefs – whilst these rules aren’t yet in play, early discussions with clients are recommended to help them adapt to this new environment. 

Here are the key updates and actionable steps for accountants to help their clients prepare.