BusinessCorporate FinanceFiling deadlines ‘to ruin summer holidays’

Filing deadlines 'to ruin summer holidays'

Proposed changes to filing times will mean smaller company deadlines fall in the middle of the summer holidays. 

New filing deadlines for smaller companies are set to ruin accountants’
summer holidays, according to the Daily Telegraph.

The new rules, which mean the companies have just seven months to file
accounts rather than 10, mean that companies with year-ends will need to file in
the middle of the summer holidays every year.

‘It’s the height of the holiday season, particularly for those accountants
with children,’ Clive Lewis, of the ICAEW, said.

The proposed rules are part of the company law reform bill, due out this
week.

The changes are designed to increase transparency, the information provided
being more up-to-date.

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