Set your New Year resolutions

This is not the place to discuss your personal options, but this is an ideal time to consider your business and personal financial planning options for 2019.

What are your options?

If Brexit, as it seems likely, has a depressive effect on the UK economy, we may be pushed back into a mild recession. If so, the enthusiasm for investment will decline and businesses will hoard cash.

Accordingly, you might like to consider your present cash position, plan for a levelling off or decline in your sales and pressure on your margins as competitors seek to maintain their competitive advantage; and, you will need to invest some time in considering the effects of any disruption to your supply lines especially if we are faced with a no-deal Brexit.

There has never been a more appropriate time to prepare a formal business plan.

Ideally, the numbers should be entered into your accounts software so that you can closely monitor what is happening to you financially compared to your expectations. In this way you can take remedial action as events unwind rather than considering the mess left behind if you take your eyes off the road ahead.

We can help. Please call so we can make a start on finding the best-fit solution for your business. 2019 will likely be a challenging year. Be prepared.

Latest Blog
17
Jan

How do we prepare for Brexit when so much is undecided?

It is hardly surprising that Brexit is fast becoming as big a turnoff as tax. How on ...

Read More
15
Jan

Why does the UK tax year end 5th April?

A bit of history this week but with a practical outcome for 2019. Up to 1582, Europe ...

Read More
10
Jan

Have you received your tax statement?

HMRC normally send out a tax statement this time of the year to all self-assessment t...

Read More
08
Jan

Travelling to the EU after Brexit

The following guidance was published on the GOV.UK website 20 December 2018. Much of ...

Read More

CONTACT SIMON COOPER