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ESG for SMEs
The EU economy includes 23 million SMEs, which should benefit from greater access to sustainability advisory services based on their specific needs. The COVID-19 crisis has made it more challenging for SMEs to attract financing they need for their transition efforts. SMEs often lack the capabilities and awareness to seize the opportunities offered by sustainable…
Rethinking risk for the future
“By their nature, SMEs will have an accountant who is well positioned to help them to think about how their business can progress and prepare for the future”” — says in the report “Rethinking Risk for the Future”. This report looks at the reality, from ACCA’s members’ points of view, about how COVID-19 has made them reassess…
Congratulations!
ACCA (the Association of Chartered Certified Accountants) is celebrating this year’s Micro-, Small and Medium-sized Enterprises (MSME) Day by paying tribute to small businesses globally. “SMPs can help businesses develop new revenue streams, transform their business models , support growth and share best practices” Aleksandra Zaronina-Kirillova – ACCA’s head of SME – Professional Insights
Sustainability 2021: Ukraine
Yesterday there was a discussion on “The 2021 Sustainable Development Rating”, which analyzed the results of recent studies. Representatives of leading Ukrainian enterprises who took part in the discussion spoke about the need to introduce ESG – approaches to business management. We can note that most of the examples were in the context of double…
Six Ways CFOs Can Help Small Businesses Recover
In his article, J. Stephen McNall talked about what the role of CFOs in the recovery of SMEs after coronavirus.He suggested 6 ways: Ensure accurate reporting and insightful data Monitor and manage cash flow Develop strategic plans — for growth and setbacks Plan for the short-term Act as a catalyst for sustainability Build and maintain…
Sustainability and SMEs
It can be daunting for SMEs to prioritise their business’ sustainable transition. This sustainability assessment checklist was developed with the support of the European Association of Co-operative Banks (EACB). It helps SME accountants and advisors to support their SME clients to build their sustainability profile. It can be the first step to enable a smoother…
Accountants – REACT now and help SMEs adapt to new VAT e-commerce rules
The changes to the EU e-commerce rules will take effect from 1 July 2021. Accountancy europe with the advice of DG TAXUD, European Commission, developed factsheet provides a high-level summary of the main changes and how accountants can support their SME clients. Time is of the essence. Reed more here.
NFRD: Commission scatters sand in the eyes of the SMEs
“… the European Commission is scattering sand in the eyes of the SMEs…” — said Enterprise Director Luc Hendrickx during a Webinar to update on the Non-Financial Reporting Directive organised by CSR Europe, the European business network for Corporate Sustainability and Responsibility. Reed more here.