The Autumn Budget has introduced key changes for small businesses, including a 6.7% rise in the National Minimum Wage and a 1.2% increase in employer National Insurance Contributions (NIC) set for April 2025. For many SMEs, these adjustments mean higher payroll and tax costs at a time when every penny counts.
But with the right tools, you can stay ahead of these challenges, optimize tax planning, and keep your business resilient. Here’s how Futrli can help you manage these budget changes effectively:
See the Full Financial Impact with Three-Way Forecasting
When wages and NIC costs increase, you’ll feel it in your cash flow, profit, and expenses. Futrli’s three-way forecasting provides a complete view across your Profit & Loss, Cash Flow, and Balance Sheet, so you see how these changes ripple through your finances. Plus, you can model upcoming tax obligations in real time, helping you anticipate cash flow impacts and budget accordingly.
“Every business owner thinks bookkeepers and accountants have a crystal ball… with Futrli, you actually do”
- Laura Day-Henderson
Run ‘What-If’ Scenarios for Different Paths Forward
With rising wage and NIC requirements, plus changing tax rates, your business may need to adjust expenses or pricing. Futrli’s scenario planning tool lets you model various strategies in a risk-free way. You can compare approaches like adjusting pricing, cutting expenses, or delaying investments to find the most effective route that balances tax efficiency and profitability.
Keep a Close Eye on Key Metrics with Visual Dashboards
Futrli’s intuitive dashboards let you monitor payroll and tax expenses as they increase, giving you a real-time view of the financial metrics that matter most. Quickly spot trends, make adjustments on the go, and maintain control over your finances with easy-to-read insights
Multi-business consolidations: Stay on top of complex structures
Managing multiple entities is complex, especially with new budget changes impacting costs and taxes across the board. Futrli’s consolidation features give you a clear, unified view of your entire operation, regardless of how many businesses you run. Consolidate data across locations, currencies, and business units to understand the impact of budget changes across your enterprise and make informed decisions tailored to each entity.
Streamlined Tax Reporting to Reduce Errors and Keep You Ready
With rising NIC and payroll costs, tax forecasting is essential. Futrli’s forecasting and reporting functions keep you on top of your tax liabilities by tracking upcoming payments and tax obligations. You get a real-time picture of tax costs, allowing you to plan payments with accuracy, avoid costly errors, and ensure compliance with current HMRC guidelines.
Stay Proactive and Plan Confidently
Budget changes don’t have to catch your business off guard. By leveraging Futrli’s tools and working with your accountant, you gain confidence in your financial future. Navigate the 2025 budget shifts with clarity, control, and a strategy that keeps your business strong through any changes.
