BREXIT DAY: Small businesses need to stay agile

BREXIT DAY: Small businesses need to stay agile in an uncertain environment

The founder of the UK’s leading accountancy firm for small and micro businesses says SMES need to stay agile as we exit the European Union.

There is still so much uncertainty about what impact there will be on the UK economy that threats and challenges could emerge from unexpected directions, says Mazuma co-founder Lucy Cohen.

“Businesses basically need to be ready for anything now. The time we are heading into is unprecedented,” she said.

“The most important thing you can do is to remain as agile as possible during this time of uncertainty.

“Make sure that you know (and have documented) all of your policies, procedures and work-flows.

“That means should something need to change you can more easily identify it and make the changes necessary to remain compliant.

“Keep your eyes open and your ears to the ground.

“Businesses need to be engaged in the changes - not just wait for someone else to tell them that something has shifted, and they have to scramble to keep up.

“Try your best to stay informed and ahead of the curve. And good luck!”

Award-winning online accountancy business Mazuma is based in Bridgend, South Wales, but has clients across the UK.

For further information or to arrange an interview with Lucy Cohen, please call Maria Williams on 07790 654274.

NOTE TO EDITORS:

• Mazuma is the UK's leading accountancy firm for small and micro businesses. 
• It provides hassle-free, online accounting to businesses across the UK.
• Mazuma uses a combination of cutting edge technology and the expertise and experience of chartered accountants to create an accounting service that can truly make a difference to its clients. Click here to find out more about the business.
• Lucy Cohen won Accounting Personality of the Year in 2009 and was a finalist in the Institute of Directors Awards 2019 after being named Wales Director of the Year in the innovation category. Mazuma won the Account and Tax Adviser of the Year award at the British Business Awards 2019 and the British Small Business Awards 2018.
• She is on the Advisory Board for AccountingWEB Live which will be held in the RICOH Arena, Coventry, on December 2 and 3.