{"id":219842,"date":"2017-11-17T20:35:16","date_gmt":"2017-11-17T20:35:16","guid":{"rendered":"https:\/\/www.pearlaccountants.com\/?p=4850"},"modified":"2023-02-20T11:06:20","modified_gmt":"2023-02-20T11:06:20","slug":"quick-guide-brexit-small-businesses-2","status":"publish","type":"post","link":"https:\/\/www.pearlaccountants.com\/blogs\/quick-guide-brexit-small-businesses-2\/","title":{"rendered":"Quick Guide to Brexit for Small businesses"},"content":{"rendered":"<p>Small Businesses will need to take steps to ensure that they are prepared for Brexit. Here is the most important issues that small businesses will have to prepare for.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.pearlaccountants.com\/blogs\/quick-guide-brexit-small-businesses-2\/#Currency_Effects\" title=\"Currency Effects\">Currency Effects<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.pearlaccountants.com\/blogs\/quick-guide-brexit-small-businesses-2\/#Free_Trade_Effects\" title=\"Free Trade Effects\">Free Trade Effects<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.pearlaccountants.com\/blogs\/quick-guide-brexit-small-businesses-2\/#Migration_Effects\" title=\"Migration Effects\">Migration Effects<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.pearlaccountants.com\/blogs\/quick-guide-brexit-small-businesses-2\/#Contingency_Plans\" title=\"Contingency Plans\">Contingency Plans<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Currency_Effects\"><\/span>Currency Effects<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Most small businesses will be affected by the currency effects of Brexit<\/li>\n<li>As the pound devaluates, costs increase<\/li>\n<li>Currency effects that have been experienced have not been largely disruptive<\/li>\n<li>Predict currency calculations ahead of the time to gauge effects on your small business<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Free_Trade_Effects\"><\/span>Free Trade Effects<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>If the UK leaves the EU with no free trade agreement there will be large costing and logistics effects<\/li>\n<li>Large amount of new paperwork may be involved with importing goods<\/li>\n<li>Look at your logistics needs and make contingency plans if you are reliant on the import of goods solely from the EU<\/li>\n<li>Still unclear if a transition phase to help businesses will be implemented<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Migration_Effects\"><\/span>Migration Effects<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Rights of EU nationals is still being debated<\/li>\n<li>Top of negotiating list between UK and EU<\/li>\n<li>Most significant effect will be for seasonal workers and professions where there are skill shortages such as nurses and doctors<\/li>\n<li>Small businesses that employ EU seasonal workers should prepare for this eventuality<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Contingency_Plans\"><\/span>Contingency Plans<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<li>Contingency plans should be prepared and put in place if there is a \u2018no deal\u2019 Brexit<\/li>\n<li>Examine most crucial areas that will affect your small business and make plans<\/li>\n<li>Make contingency plans for soft, hard and no-deal Brexit for all the risk factors mentioned above<\/li>\n","protected":false},"excerpt":{"rendered":"<p>Small Businesses will need to take steps to ensure that they are prepared for Brexit. Here is the most important issues that small businesses will have to prepare for. Currency Effects Most small businesses will be affected by the currency effects of Brexit As the pound devaluates, costs increase Currency effects that have been experienced <a href=\"https:\/\/www.pearlaccountants.com\/blogs\/quick-guide-brexit-small-businesses-2\/\" class=\"more-link\">&#8230;<span class=\"screen-reader-text\">  Quick Guide to Brexit for Small businesses<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":4851,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2198],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Quick Guide to Brexit for Small businesses - Pearl Accountants<\/title>\n<meta name=\"description\" content=\"Here is a quick guide for small businesses and implications of the Brexit upon them. 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