Simon Smith, Partner at Oxfordshire based accountancy firm, Wellers, which has offices in Oxford, Banbury, Thame, and London, discusses how SME businesses can avoid the pitfalls of relying on a select few customers and suppliers.
Mike discusses his journey as a social entrepreneur, and some of the key learnings he has picked up along the way. He can discuss how to build a financially successful business focused on meeting a huge global social need.
1. Charitable and social initiatives: Despite being physically separated, the Freeths Charity and Social Committee has been extremely active; we have kept the Freeths community spirit high through organising a variety of virtual social initiatives such as Zoom quizzes, Microsoft Teams lunches and a firm-wide monthly book club!
It is important for any business, but especially during these unprecedented times, to understand the cashflow within the company and the impact that different circumstances could have on the financial health of the business.
HMRC announced on Friday 10th April that they will consider requests from UK VAT registered businesses who import goods from outside the EU, to suspend the monthly March deferment account payment for import VAT and customs duty, which is due this Wednesday 15 April.
Relaxing the insolvency laws. The UK Government has announced that it will introduce new measures to support businesses under pressure as a result of the coronavirus outbreak.
WHAT IS B4?
B4 provides platforms for our growing and diverse community of members to connect, learn, raise their profile, inspire and be inspired to become better businesses.
B4 members share the same values – they understand that any successful business, now and in the future, will need to build long-lasting, trusted relationships and embrace collaboration, reciprocation and integrity.