Jamie Grossman Partner

• +44 (0)20 7832 0444
• Send me an email
• Connect with me on LinkedIn
• Download my vCard

Jamie Grossman

Partner

Jamie joined the Wilson Wright audit team after qualifying with Ernst & Young in 2003. He has been a partner since 2008 and currently heads our business services and outsourcing department.

Jamie has a broad experience in all aspects of accounting, auditing, corporation tax and financial management. He has significant experience in property investment and development, sport, leasing, and the arts. Jamie acts for clients ranging from early stage start-ups through to established international groups.

He is a member of the Institute of Chartered Accountants of Scotland and has an honours degree from the University of Birmingham in accounting and finance.

13 Jun 2022

There has been a growing consensus in recent years that Companies House needs significant modernisation. The government issued its final ‘White Paper’ on Corporate Transparency and Register Reform at the end of February. A key component centred on “improving the financial information on the register” and the proposals will have significant consequences for accountants and their clients.

Key changes include:

• Filing deadlines will not be shortened in the near-term, but legislation will be introduced to facilitate future changes.
• Small companies will no longer have the option to prepare and file ‘filleted’ accounts and will be required to file both their profit and loss account and directors’ report.
• Micro-entities will also be required to file their profit and loss account but will continue to have the option to not prepare or file a directors’ report.
• Dormant companies will be required to file an eligibility statement.
• All companies will be required to file accounts digitally, with full tagging.

The aim is to make filing options easier to understand, reduce fraud and error and increase transparency.

Although these measures will not come into effect for some time, directors should consider the impact these changes will have on their business. Commercially, more sensitive financial information will be publicly available to competitors and, internally, reporting processes will need to be regularly monitored and assessed.

If you have any questions or concerns, do not hesitate to contact the Wilson Wright team.