With the Brexit transition period set to end on 1 January 2021, it is important that every business in Ireland evaluates its readiness for what the new landscape will look like, with our closest neighbour no longer within the European Union.
Each business must look at the steps that need to be taken to ensure a seamless transition to avoid obstacles to distribution, supply chain, operations and staff. With the prospect of a no-deal exit still possible, far-reaching preparations should be made in the coming weeks to ensure all business are prepared, regardless of the outcome.
Businesses who do not understand their potential exposure and are not preparing for a no-deal exit are taking a big gamble. Mazars is committed to supporting our clients in navigating a no-deal Brexit scenario and helping them manage the challenges and opportunities it will bring.
We have identified the following ten steps every small and medium-sized enterprise should consider doing as the chances of a no-deal scenario increases.
Lorcan Colclough Partner, Audit & Business Advisory - Dublin
It will take time to fully understand the implications Brexit. We remain committed to partnering with our clients and our people during this period of volatility and uncertainty, supporting them as the implications of the vote become clear and helping them work through any necessary changes.