13/10/2026
Your weekly news from First Base Accountants 💡
A new consultation, 'Modernising Corporate Reporting to Support Long-term Economic Growth', aims to reform company reporting standards, benefiting firms while raising concerns. Proposed changes include audit exemptions for medium-sized firms, a solvency-based profit regime, and streamlined reporting for SMEs. The government emphasises clarity, flexibility, simplicity, proportionality, and future readiness. The consultation, which affects LLPs too, closes on 30 November 2026. What are your thoughts on these proposed changes? 💬