According to the vendor, 40% of SMEs have not prepared their businesses for the euro and are leaving steps such as budget allocation and systems conversion until the last minute.
Although UK companies won’t be changing to the new currency, Exchequer believes all systems and processes, including any partner/client supply chain relationships, need to be fully compliant before 1 January.
‘When compared to the euro, the hype surrounding the impact of Y2K seems laughable. Most SMEs are sitting on a ticking timebomb,’ said Eduardo Loigorri, managing director at Exchequer.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements