The year ahead: Matt Herd and Mark Taylor, Directors at Duncan & Toplis

Matt Herd and Mark Taylor

Each year Lincolnshire Today Magazine invites a select panel of the region’s business leaders to offer up their predictions for the year ahead. It has become something of a tradition, given that we’ve been doing this now for over 30 years. And, while none of us possess a crystal ball, it is uncanny how accurate some of these forecasts have been.

Here we catch up with Matt Herd and Mark Taylor, Directors at Duncan & Toplis:

The new year is just around the corner, and there are important changes ahead for businesses in the East Midlands.

The biggest uncertainty that everyone is facing at the moment is Brexit. From 29th March, businesses could face either years of disruption, import tariffs, conflicting standards and miles of red tape, or the conclusion of the Brexit process could result in a simple, clear and frictionless trading environment that opens up new opportunities.

No matter what we learn in the coming months, it’s crucial that your business is in good shape for whatever the outcome. Prepare for a worst case scenario for your business so you can be ready for any eventuality.

Just days after the Brexit date, Making Tax Digital will come into force. Switching to cloud accountancy before the changes come into force is the simplest way to get your business ready, so the best thing to work out at this stage is what cloud-based platform to use.

Bringing your business into the digital age and taking stock of your policies, people and practices is the best thing you can do to be prepared for whatever turbulence 2019 will bring.