Three month filing extension
Michael Chadwick, founding Director at Chadwick & Company, gives details about a new Government extension on filing accounts designed to support business through the Coronavirus crisis.
In response to the Covid-19 outbreak, the Government has announced that companies have an additional three months to file their accounts at Companies House. As a result, businesses will avoid penalties and late filing fees in an attempt to help them recover from the economic effect of the virus.
This is just the latest measure released by the Government to try and help businesses of all sizes recover from the outbreak and in turn stabilise the economy.
It is important to note that the extension won’t be automatically applied. Companies will have to apply for the three month extension, however applications can be made through a fast-tracked online system which will take just 15 minutes to complete. Those companies citing issues around Coronavirus will be automatically and immediately granted an extension.
We are here to help
If you would like to talk to a qualified accountant about these measures, or any other financial matter, then please do not hesitate to get in touch. We are now operating a ‘virtual office’ with Directors and Senior Managers still available to respond to calls and emails, so we are on hand to offer support and guidance for your business throughout this testing time.