Seemingly, the Government have done as much as they're going to do. But we know 23% of SMEs are still saying they're unviable due to social distancing; almost 70% of have deferred taxes and yet only 34% can repay those within 6 months; then why have only 27% SMEs businesses prepared cashflows? Is this a perfect storm and are businesses going to be 'sleepwalking into insolvency'? (all stats come from accountants responding to the ACCA/CFN SME Health Tracker)
As accountants we can see what is coming over the horizon. Don't feel you are powerless to act. We are going to give the profession that power - a free Skills Hub for training and practical resources for us to support the SME economy to relaunch, survive and thrive. AccountingWeb, ACCA, AVN, Accountex, Clarity, Capitalise and The CFN (led by me) are behind this campaign and we have been sent galvanising messages of support from leading figures such as Steve Pipe, Paul Dunn & Mark Lee. Come and see if we've created something you want to be part of - More details tomorrow (Thur 16th July) on our launch webinar - register here and tell me afterwards what you thought. We can do this!
[EDIT - the recording of the launch webinar is now here https://vimeo.com/438876796/bd09939906
To make your pledge & to get access to the Skills Hub, register here http://assets.em3.capitalise.com/leave-no-business-behind ]