New COVID related Act to ease burden on accountants and firms
1st Jul 2020
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Failure to file accounts with Companies House can lead to fines that run into thousands of pounds.
This has been yet another worry for accountants and the hard hit companies they act for.
Indeed, the need to comply with reporting requirements has not gone away despite COVID-19, though Companies House recently reported accounts submissions fell by 15% in April and May this year, compared with the same period last year.
The good news is much needed relief has come with new legislation designed to give “breathing space” to companies.