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9 Jun 2016 11:33am

SMEs turning to accountants for advice on impact of EU referendum

More than one in six SME leaders has contacted their accountant for advice on the impact of the EU referendum, according to a new study

Research by accountancy firm PKF and capitalise.com, an alternative funding website, shows that 40% of SMEs say that the approaching referendum has already impacted their investment decisions, while nearly a fifth are focusing less on business growth in Europe.

Chris Clay, business adviser at PKF’s London office, said: “These results don't just reveal the financial impact of the EU referendum over the last few months. They demonstrate SMEs' growing requirement for counsel and advice on a wide array of issues.

"With the most prominent economists struggling to forecast the ultimate impact of 'in' or 'out', the accountancy profession is under pressure to work more closely than ever with clients and be a true extension to their business."

Ellie Clayton

 

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