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Our business philosophy is simple. We think smart, and we work smart. This means that we offer you the sort of professional advice that can genuinely transform your business by introducing simpler and more effective practices to your company.

Whether you’re a new start-up looking for book keeping or a tax accountant, a developing SME or already a successful business with ambitions to be bigger, we’d love to talk to you. We promise it’ll change the way you view your accountants forever.

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Latest Posts in our Blog /
24th June 2016

Brexit : what is the immediate impact for your business ?

deptIn light of the decision of the United Kingdom to exit the EU the immediate effect on your business is likely to be mainly tied up in the value of sterling and the euro. It is expected that in the period of uncertainty immediately post the referendum that there will be volatility within the exchange markets which will continue until the mechanics of separation are publicised.
The fluctuations will offer as many opportunities as difficulties to businesses and as such careful consideration should be given to the timing of transactions. Some of the issues to keep in mind are:
Pros
– Those with cash/ liquid assets may have an opportunity with a strengthened EURO against sterling to make high value purchases of property and plant and machinery assets.
– Lower raw material costs for those purchasing through the UK.
– Opportunities for contracts within the EU which the UK providers no longer have access to. These potential opportunities should be identified and sought out early.
– FDI opportunities into Ireland which were previously targeting UK for access to the EU.

Cons
– For those trading in sterling the volatility in value for the services provided is a risk this may be mitigated by:
o Maintaining a sterling bank account
o Requiring payment in EURO value
o Hedging on currency value.
– Competiveness issues with exporting into UK market while sterling weak.

It will take circa two years for the exit to complete so other than initial currency shocks, there is plenty of time for strategic planning to occur to manage the impact of Brexit. If you are concerned about the impact on your business, please do not hesitate to contact McInerney Saunders on 01-8404029.

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Testimonials /
“always available to answer staff or management queries”Jackie Freeman“…Over the years McInerney Saunders have worked with us to develop their service in line with our IT developments leading to the most cost effective and efficient service to our staff whilst still maintaining the personal contact for resolving their payroll queries. They provide a dedicated account manager who is always available to answer staff or management queries. “
[ Read the entire testimonial ]– Jackie Freeman, Finance Director – Pizza Express (Restaurants) Limited –
Carol Wilkinson“McInerney Saunders are, quite simply, experts in their field.”“The knowledge of the freight and logistics industry shown by the staff of McInerney Saunders has been a fundamental cornerstone to our growth. In these challenging times, we know McInerney Saunders are there for us and their staff are always on hand to provide prompt and excellent support in all areas of accounting issues. McInerney Saunders are, quite simply, experts in their field.”
[ Read the entire testimonial ]– Carol Wilkinson – Curtis & Lees Limited –Client Testimonial Logo Curtis and Lees
invacare logo“Invacare have engaged McInerney Saunders as auditors and taxation agents for our Irish subsidiary operation since we established in Ireland some years ago.
McInerney Saunders has consistently delivered a thoroughly professional, efficient and friendly service and, in particular, has always responded promptly to e-mails or other correspondence. They have exceeded our expectations time and time again.
I would have no hesitation in recommending McInerney Saunders to other multinational businesses interested in establishing a presence in Ireland.” – Kevin McCarthy, Director, Invacare Ireland Limited
“Utterly professional and very knowledgable, McInerney Saunders are a true example of a “Client First” firm. They are imaginative in the way they try to solve clients’ problem and thoroughly efficient in getting the job done….great to deal with”
– Barry O’NeillEFC