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Changes in reporting rules

Changes in reporting rules

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I have recently been informed that an upcoming change will mean that Companies will no longer be able to prepare and submit their own accounts?  This is something that I have seen nothing about and seems an onerous change for small Companies.

Can anyone confirm or deny?

Thanks

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02nd Dec 2015 11:25

Your informant ...

omitted the words "as in the past". 

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By nig24
02nd Dec 2015 11:42

as in the past?

Sorry, what do you mean?

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02nd Dec 2015 11:58

Who informed you? Was it a seedy firm of accountants trying to get you to sign up with them?

One thing that has happened is that agents will soon be unable to submit company returns using free HMRC software, but that should in no way affect small companies. I have no idea what halblackburn is getting at.

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02nd Dec 2015 11:51

Clarification

Micro-entities and FRS102.

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By nig24
02nd Dec 2015 12:02

Still confused

I'm still confused, how does FRS102 or micro-entity classification have any impact on the Companies ability to prepare and submit its own accounts (as long as they comply with reporting standards)?

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02nd Dec 2015 12:18

@halblackburn seems intent on being as unhelpful as possible, and I would not waste further time seeking clarification.

No there are no changes in principle to the matter of who can prepare company accounts and submit them to Companies House, HMRC or anywhere else.

Tim has highlighted one change to the availability of a particular software platform, but that affects only agents, not companies themselves, and in any case does not affect anyone's entitlement to prepare and submit accounts - just that they have to move to a different software platform.

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