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Changes at Companies House - Accounts Filing
All companies will need to file their annual accounts electronically and also include profit and loss accounts from 1st April 2027. The below guidance has been provided by Companies House.
‘Basis period’ reforms will impact on most legal practices
The long-delayed HMRC reforms which will see sole traders, partnerships and LLPs assessed for tax on a ‘tax year basis’ are finally due to come into effect in April 2024 – but those practices whose current accounting year-end does not coincide with the tax year need to start thinking about how they are going to cope with the change sooner rather than later.