Accountants believe that more than one in four UK SMEs have still not returned to pre-Covid-19 levels of productivity or turnover. The latest Association of Chartered Certified Accountant’s (ACCA) SME recovery tracker revealed that four in five UK SMEs are not seeking finance to grow in the next six to 12 months with 30% of…
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The overwhelming majority of SMEs say that their accountant plays a critical role in their business operation and is their first point of contact. The Count on Accountants research, conducted by Sage, revealed that 91% of SMEs consider that their accountant is a vital adviser to their business, although nearly two-thirds, 64% of accountants believe…
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Half of SMEs state that taking steps towards sustainability is not a main priority for business leaders as they continue to deal with the fallout from the Covid-19 pandemic The most recent SME Tracker survey from the Association of Chartered Certified Accountants (ACCA) and the Corporate Finance Network (CFN) found that issues such as supply…
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According to the Bank of England, a third of UK SMEs are in more than twice as much debt as before the Covid-19 pandemic. A report issued by the Bank of England revealed that the increasing level of debt among SMEs has caused the central bank to expect a rise in the number of small…
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A survey by accountancy firm BDO found that 91% of mid-sized businesses overwhelmingly support a change to the tax year from 4 April to 31 December. Nine out of 10 mid-sized businesses believe that this is the right time to change the date after the Office of Tax Simplification (ONS) announced in June that it…
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Late payment continues to be a chronic problem small enterprises face. As the business community looks forward to a post-pandemic trading landscape, we look at what practical steps can be taken to reduce instances of late payment. For small enterprises, in particular, navigating the pandemic has been challenging to say the least. Ensuring a stable…
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Half of UK SMEs, 56%, expect to recruit more staff over the next year with 60% of SMEs intending to invest in their businesses, with only 20% intending to borrow, according to the Azets’ SME Barometer. A survey by UK accountancy firm Azets found that 68% of SMEs feel positive about the economic outlook…
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SME businesses remain optimistic about their post-pandemic recovery but staff shortages and concerns around rising inflation threaten future growth. The findings from accountancy and advisory firm BDO reveals that business leaders are concerned about staff shortages derailing their recovery with more than half, 58%, currently have open roles that they cannot fill and more than…
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The main reason for the geographical disparity is the fact that most businesses’ fundraising is asset-backed. In other words, the scale of the assets a business has available is dependent on how prosperous it has been. “As we know, the economic inequalities in how prosperous businesses are determines how much free assets you’ve got available…
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SME owners are feeling more optimistic and are keen to invest in growth but are frustrated by the mix of financial options open to them, according to a survey from ACCA UK (the Association of Chartered Certified Accountants) and The Corporate Finance Network (CFN) According to the ACCA’s SME businesses tracker, a total of 89%…
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