(Legal/Regulatory-Compliance)
When running a limited company, there are many important things to consider. One of these is the legal obligations placed on the company. Perhaps one of the most important of these is the requirement to submit company accounts each year and on time. There are severe penalties for those companies that fail to do this.
Initially failing to properly submit your company accounts can lead to a late filing penalty. These are fines which increase with severity; the longer the submission is delayed. The penalties were introduced to ensure that the accounts and reports were submitted on time. These accounts are necessary for public accountability.
Initially failing to properly submit your company accounts can lead to a late filing penalty. These are fines which increase with severity; the longer the submission is delayed. The penalties were introduced to ensure that the accounts and reports were submitted on time. These accounts are necessary for public accountability.
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