Accountancy – our qualified chartered accountants will prepare your end of year accounts for companies and ensuring these comply with tax and institute regulations.
All companies and sole traders need to prepare accounts in some form for the relevant authorities. We can prepare your accounts for you, in an easy to read and understand format that suits your needs. Our accountants will work closely with you to ensure you understand you accounts and how they can be applied to make sure your business operates to its full potential
Auditing – We are registered by the Institute of Chartered Accountants in Ireland to act as registered auditors in accordance with the companies act and auditing standards. As registered auditors we can prepare your companies statutory audits as required by
Taxation – We can prepare and submit all your necessary tax returns to Revenue for you using Revenues online system (ROS), we will ensure all available reliefs and deductions have been made to keep your liability as low as possible. Some of the taxes we can help you with are as follows:
VAT (Value Added Tax)
Most goods and services supplied in Ireland are subject to VAT.
VAT is a tax on consumer spending. It is collected by VAT-registered traders on their supplies of goods and services.
We can calculate and submit your bi-monthly or quarterly VAT 3 returns and make any payments due for you on the Revenues On-line System (ROS).
Subject to certain exceptions and exemptions, income tax is chargeable on all income arising in the State to individuals, partnerships and unincorporated bodies.,
The most common form of income tax is PAYE (Pay As You Earn) deducted by employers from pay. Self-assessment applies to the self-employed and those with income from non-PAYE sources.
Exemption from Income Tax
You may be exempt from paying Income Tax subject to certain conditions of profits or income. The principal exemptions are as follows:
Capital Gains Tax is chargeable on any gains that have arisen on the disposal of assets
is chargeable on gains arising on the disposal of assets, other than that part of a gain which arose in the period prior to 6 April 1974. Any form of property (other than Irish currency) including an interest in property (as, for example, a lease) is an asset for CGT purposes.
Rate of Tax
The rate of CGT on disposals varies and is determined on the date of disposal of the asset. The standard rates are as follows:
Reliefs and Exemptions from Capital Acquisitions Tax
There are a number of reliefs and exemptions available in relation to Capital Gains Tax including Gains made on the Disposal of Private Residences, the transfer of a site form parent to child, and retirement relief.
The first €1,270 of an individual’s annual chargeable gains, net of allowable losses, is exempt.
A detailed list of all reliefs and exemptions can be found in the Revenue guide CGT1 Guide to Capital Gains Tax (http://www.revenue.ie/en/tax/cgt/leaflets/cgt1.pdf)
(Capital Acquisitions Tax), comprises of Gift Tax, Inheritance Tax and Discretionary Trust Tax. Gift tax is charged on taxable gifts taken (other than on a death) on or after 28 February, 1974 and Inheritance Tax is charged on taxable inheritances taken (on a death) on or after 1 April, 1975. A once-off Inheritance Tax applies to property subject to a discretionary trust on 25 January, 1984, or becoming subject to a discretionary trust on or after that date.
Rates of Tax
The standard rate of tax is 33% in respect of gifts and inheritances taken on or after 6th December 2012.
Reliefs and Exemptions from Capital Acquisitions Tax
There are a number of reliefs available in relation to Capital Acquisitions Tax, including Business Relief, Agricultural Relief, and Favourite Nephew Relief. Exemptions may apply to certain classes of property and to certain classes of individuals.
(Relevant Contracts Tax), applies to payments made by a principal contractor to a subcontractor under a relevant contract (this is a contract to carry out, or supply labour for the performance of relevant operations. ) RCT applies to both resident and non-resident contractors.
RCT applies to the following:
RCT does not apply to professionals such as architects, surveyors etc.
Corporation Tax is charged on all profits (income and gains), wherever arising, of companies resident in the State, with some exceptions, and non-resident companies who trade in the State through a branch or agency.
How is a Company Taxed?
This tax is charged on the company’s profits which include both income and chargeable gains. A company’s income for tax purposes is calculated in accordance with Income Tax rules. Chargeable gains are calculated in accordance with Capital Gains Tax rules.
What is the rate of Corporation Tax?
There are two rates of Corporation Tax:
* Excepted trades include certain land dealing activities, income from working minerals and petroleum activities
We can provide full book-keeping services for your company which include:
Accurate recording of the all day-today businesses financial transactions.
Debtor, creditor and bank reconciliations.
– We provide a complete payroll service which includes:
Payslips for employees, whether weekly, fortnightly or monthly
Process an issue P45’s and P60’s for employees.
File and return P30’s and P35’s with the Revenue office
Keep accurate records of employee leave and time off.
Registration of all employees with Revenue
By availing of our company secretarial services we can help you with many of the time consuming tasks that your company is required by the CRO and Revenue Commissioners to fulfil.
We can provide the following as part of our service:
Insurance, Pensions and Investment Business.
Our advisors set out all the options available to you and offer guidance on the best choice for you.
We can provide counsel on:
Life cover, Savings and Investment funds, pension schemes
Business Advisory Services – Our business advisors will look at your company account, its performance, market etc. provide you with advice and options for lowering your costs, improving sales figures and increase cash flow.
Personalised Business Plans – We offer extensive business plans for new and existing businesses, including projected three year profit and loss accounts. Realistic projections based on up to date market and product research. We factor in all relevant details such as, start up costs, Income Tax and VAT payments etc.
Mergers & Acquisitions
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Corporate restructuring / Insolvency
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