This year to mark World SME Day we celebrated the work of our member firms in supporting their SME clients. We spoke to some of our firms in India, Malta and Qatar to put together a report showcasing their contributions over the past year and looking forward.
In May 2021 ACCA UK and The Corporate Finance Network (CFN) published an SME tracker revealing that a total of 77.8% of accountants’ small business clients are not expecting to return to pre-Covid levels of production and turnover for at least a year. According to the World Bank, SMEs play a major role in most economies. SMEs account for the majority of businesses worldwide and are important contributors to job creation and global economic development. They represent about 90% of businesses and more than 50% of employment worldwide.
Against this backdrop, we spoke to some of our member firms to understand how their role as a trusted adviser is more important than ever for SMEs, how these firms are supporting their clients, and what changes they are making for the future as a result of the pandemic.
Click the download button at the top of the page to read the report and please share with your colleagues, clients and friends!