PSC Spring Magazine

PSC Spring Magazine

Welcome to the first edition of our newsletter for 2017. We hope that 2017 is filled with success for you and your business. 2017 will certainly be a year with plenty turmoil on the political front, with the combination of America’s new President Donald Trump and Theresa May’s Brexit plan, Ireland may suffer in the process.

Trump is continuing to outline his priorities and is focusing on companies who left America, many of whom are in Ireland. What is his plan? Surcharge imports of goods in America that are produced by American companies abroad! If this is the case, there will be a lot of talks held by leaders around the world, including our government leaders. Theresa May, in reference to borders and customs, hopes to maintain a common travel area on and between Islands but admits that there could be border issues but hopes that these are “as frictionless as possible”. She noted that the UK would be prepared to go it alone, slash corporate tax rates, revamp its economic model, cut access to the City – and goes on to say in her speech “I am clear that no deal for Britain is better than a bad deal for Britain”. So where will it leave Ireland and how can the Irish government reduce the risk of the fallout for Ireland? 2017 will begin to provide the answers to many of these questions. However, it’s important to remember that where there is change there is also opportunities.

But for now, for you and your business, what better way to start the year, than to set goals and prepare a financial plan around this. In this edition, Siobhán Rivas May, Director of Auditing, sets out how to prepare a budget and what actions to take once it is prepared.

As always, our team here at Peevers Slye Cotter are here at hand to answer any queries or concerns you have.

We hope you find the contents of this newsletter of interest and benefit to you and would appreciate any feedback you may have.

Positive thought: Never look back, unless you are planning to go that way.

From all at Peevers Slye Cotter