Don’t miss your December accounts filing deadline
With December being a short month due to the festive period, our attention is already on December filing deadlines.
Across the UK more than 25,000 companies missed their September accounts deadline and as a result, incurred late filing penalties (a further 643 were filed in the last hour). Companies House report that in total, 223,640 late filing penalties were handed out in 2018.It is important that company directors are aware of their responsibilities to file annual accounts with Companies House on time. Failure to do so will result in a late filing penalty – not something that anyone wants as a post-Christmas present!
Failing to deliver company accounts on time is a criminal offence. Fines start at £150 for accounts that are filed up to one month late, increasing to £1,500 for accounts that are 6 months late. These penalties double if accounts are filed late accounts two years in a row.
Preparation is key to avoid a last-minute rush to file accounts, and the sooner everything is filed, the quicker you can start looking forward to a relaxing Christmas. Work with your trusted advisers to ensure that your financial records are all ready for the swift preparation of those year-end accounts.
If you require our help to meet your statutory deadlines please get in touch via email@example.com and one of our corporate advisers will be happy to assist.