Companies House Changes
A lot changes are planned for companies and other entities which file documents with Companies House.
Amongst these changes are the following, which will impact on us all:
- Every company will have to file its profit and loss account, which means this detail will be on the public record.
- It will become much more difficult to manipulate dates with Companies House to gain more time to file accounts.
- Photographic identity documents will need to be provided when forming companies. This will in due course apply to all companies and individuals already on the Companies Register.
In order to notify our clients well in advance, we have created A Guide to the Companies House Reforms.
The UK Companies House reforms are set to make significant changes in the way businesses operate, with increased transparency and more stringent measures to combat financial crime, including the proposed requirement for all companies, including small companies, to file a profit and loss.
These reforms will affect all limited companies, particularly small businesses, making it crucial for you to understand the implications and adapt accordingly.
What’s inside the guide?
Our comprehensive guide covers everything you need to know about the Companies House reforms, including:
- An overview of the key changes, such as increased identity verification requirements, streamlined accounts filing options, and enhanced powers for Companies House to investigate and take action against non-compliance.
- A detailed breakdown of the potential impacts on small businesses, including increased compliance costs, reduced flexibility and having more information on public record.
- Practical advice on mitigating the effects of these reforms, from staying informed about new requirements and deadlines to exploring alternative business structures.
- Insight into additional proposed changes, like the creation of a new enforcement body and the introduction of new penalties for non-compliance.
How our guide will help you
With expert advice and easy-to-understand explanations, our guide will help you:
- Navigate the complexities of the UK Companies House reforms, ensuring you’re well-equipped to face the challenges ahead.
- Stay up to date with the latest developments in business regulation.
- Understand the potential impacts of the reforms on your company.
- Take proactive steps to mitigate the effects of the changes.
- Make informed decisions about your business structure and strategies.
You can download the guide below:
Please do get in touch if you would like to discuss these reforms or if we can help you in any way.
