Companies House reforms will soon create multiple challenges for your small business clients and could even persuade some to disincorporate.
But that gives your accountancy practice an opportunity to further build stronger relationships with your business clients and guide them through the changes.
The new requirements are part of the Economic Crime and Corporate Transparency Act, which received Royal Assent and became law in October 2023, so you can expect them to come into force soon.
In this article, Sage provides an overview of the reforms, why they’re happening and how you can support your clients with the changes.
Here’s what Sage covers:
- an overview of the Companies House reforms
- why the reforms are happening
- the new rules for small and micro companies
- three company law changes for company directors and accountants to be aware of
- new rules for registered office addresses
- all companies required to supply a registered email address
- new lawful purpose statements
- when will the changes come into force?
- challenges for small businesses
- how accountants can support small business clients with the changes
- final thoughts on the Companies House reforms.
Read the full article now.
