Resources to Help Your Small Business Plan for Brexit

With the potential impact of Brexit on small businesses across the UK, it’s understandable that you’re concerned about the potential tax implications.

Brexit Consultancy

wedo accounting can help your business to prepare for Brexit while the UK negotiates its depature from the European Union, so that you safeguard your profits when it becomes clear what the new UK and EU partnership looks like.

Fancy a free, 1-hour initial consultation? We offer complementary face-to-face meetings if you’re based in London, or a free 1-hour call with an accountant if your office isn’t based nearby. CALL WEDO ACCOUNTING: 0208 936 7605

How Can You Prepare Your Small Business for Brexit?

Many small business owners across London and the UK are busy preparing themselves for the potential eventualities of Brexit. With so much still up in the air, it’s very difficult to know what the precise impact of Brexit will be on existing EU tax and accounting regulations, and how this will in turn affect UK business.

We do know that through the Great Reform Act, the UK will be converting exisitng European legislation into UK law – keeping the parts that the UK considers “practical and appropriate”. As a result of this, and coupled with the timing of HMRC’s Making Tax Digital (“MTD”) program, we certainly anticipate a lot of movement in the Tax & Accounting space over the coming years, with major changes expected to existing Customs and Excise duties, indirect taxes, direct tax and other regulatory reporting obligations.

The best thing that small business owners can do to prepare for Brexit, is to keep up-to-date with the latest developments, and to ensure that they call on the services of a specialist financial advisor or accountant to help them manage any tax changes or financial legislation alterations to come as soon as firmer details are published on the precise nature of an exit deal.

At wedo accounting, we are closely monitoring the impact of Brexit and MTD on our customers and products, and will offer Brexit accountancy advice and support to all customers as soon as more details become available.

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