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PLANNING FOR BREXIT By Daniela Morgan, Morgan Accountants Ltd


Many businesses have legitimate concerns about the uncertainty surrounding Brexit whether it has a direct impact on the way they operate or the potentially negative effects on overall economic sentiment either in the short or long term. Even if they are not directly impacted, many companies rely on supply chains that may depend significantly on importing from the rest of the EU.


As one of the largest importers in the world, UK supply chains could potentially be disrupted by customs checks, possible skills shortages through changes to free movement and the need to renegotiate contracts due to amendments to business law and regulations post-Brexit.


Don’t let your business suffer, therefore, for any of the following reasons: • loss of customers or business • currency risk • documentation compliance • managing cash flow • increased costs and taxation via customs duties


Morgan Accountants are here to help local businesses reduce the potential risks and maximise the opportunities that will be available after Brexit. Our accountancy firm offers professional services for your business to deal with the effects and changes of Brexit through the provision of advice on specific issues such as the movement of goods and services, currency management and taxation, and in preparing a Brexit plan best suited to your business.


Your Business Solution Experts


Our first advice is to be prepared and not wait until Brexit happens in order to ensure international supply chains and exports are not compromised.


First steps to do: • Analyse the business situation • Prepare a strategic plan for Brexit; • Register for a UK Economic Operator Registration and Identification (EORI) number which we can help with


• Talk to your suppliers and see what they think will happen


• Accounting and Tax • Brexit Advice for Businesses • Management Consulting


• Forensic Accounting • International Tax • VAT, Payroll & Other S


• Talk to your bank manager (banks are likely to review their lending positions and financial exposure as a result of Brexit)


The initial consultation is free! Please contact us and we can look at the likely effects on your particular business!


BREXIT?


We can help you to understand wh is likely to mean for your business to prepare for the changes it will b


BOOK A FREE INITIAL CONSULTATION


01548 859255 info@morganaccountants.com www.morganaccountants.com


Duke Court, Bridge Street, Kingsbridge, TQ7 1HX


MORGAN Accountants Ltd - Registered office: Duke Court, Bridge Street, Kingsbridge, Devon, TQ7 1HX - Com


Daniela Morgan, MSc in Taxation, BSc (Hons) in Economics.


Italian Economist, Accountant and International Trade Adviser.


Director at Morgan Accountants Ltd, accounting firm located in Kingsbridge.


Morgan Accountants Ltd | 01548 859255 dmorgan@morganaccountants.com | www.morganaccountants.com


Daniela is also Director at UKIT Consultants Ltd, company specialising in International Trade matters.


Photography by Tessa Bricknell – Headcake Designs


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