SME support in Ukraine: accounting and taxes
Thinking about sustainability can be daunting for SMEs that cope with everyday challenges and the pandemic’s impacts. But Covid-19 is also the latest call for more resilient and sustainable businesses. SMEs often rely on accountants as their primary advisors on business decisions. They can also help SME owners consider sustainability risks, mitigate them, and advise…
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…
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…
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…
“… 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.
The COVID pandemic has reinforced the case for SME digitalisation by showing how digitalised business models can foster SMEs’ resilience. What are the main challenges for SME digitalisation? Accountancy Europe conducted a survey to find out. Some of the survey results: The most important obstacle to SMEs’ digitalisation identified was existing employees’ skill set deficiencies…
To stay relevant, accountants must be ready to develop new services and ways of working to meet the needs of today and tomorrow, through recovery and beyond. Sixty-seven per cent of Canadian SMBs said the nature of their business had changed, according to Wagepoint. And, also according to Wagepoint, 90 per cent of Canadian SMBs…
Small business owners are reporting a mental health and welfare crisis as they wage a constant battle to save their businesses, according to a survey from ACCA UK (the Association of Chartered Certified Accountants) and The Corporate Finance Network (CFN). Kirsty McGregor, founder of The Corporate Finance Network, said: ‘It’s a concern that SMEs are…
Accountancy Europe announced webinar «Bridging expectations: what NFI from SMEs?». It will take place 18 March 2021, 10:00-11:00. It is planned to debate how new rules on reporting non-financial information (NFI) might affect SMEs. With the help of European Association of Cooperative Banks (EACB), Accountancy Europe is developing a checklist for accountants to help SME…