Accounting Services in Dublin, Ireland You Can Rely On
Reliable Accounting Services
Our core business is preparing financial statements for our clients, which includes sole traders, partnerships and limited companies.
Financial statements may be required to be filed with the Companies Registration Office, to monitor your company’s performance, or to be used for tax purposes.
All Irish limited companies must prepare their statutory financial statements for any financial year regardless of their type of company or whether it is audited or not.
The rise in the exemption limits has resulted in many companies now falling into the category of being audit exempt.
The criteria for an audit exemption:
In respect of any financial year, if in that year and the financial year immediately preceding that year the company satisfies two of the three following conditions:
- Turnover must be below €12 million.
- Gross assets should be less than €2.6 million.
- An average number of employees should be less than 50.
- There is a €150,000 limit on the amount of capital invested by a member company in a Small Business, and a €1,500,000 limit on the amount of investment by any one member company.
If a company’s annual return for either the current year or the previous year was not filed on time, the company may not be entitled to avail of audit exemption.
We will advise on eligibility and complete the relevant paperwork to claim audit exemption status for all clients who satisfy the relevant criteria.
We have been dealing in this area every day for many years and therefore our team are always up to date with accounting regulations and the disclosures required in assisting directors to meet their statutory duties.
We can help prepare financial statements either from your own accounting records (computerised or paper-based), from your own financial records, from the information you’ve already given us, or from the information we hold in our Accounts Receivable records.
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