Accounting Services for Irish Companies

We can organise the following, steps which can be needed to make the company operative:

  • Informing Revenue Commissioners and supplying details of the new company
  • Registering for VAT
  • Register for PAYE/PRSI
  • Register with Revenue Commissioners for Corporation Tax

Our comprehensive accountancy service combines tax compliance with the production of the Irish company’s accounts. We can then organise and lodge periodic and annual accounts as well as corporation tax returns. Therefore, we would be able to 

  • Register your invoices, and reconcile your bank accounts periodically
  • Lodge VAT and payroll returns
  • Compile and lodge the annual accounts with the Company Registration Office in accordance with accounting rules and legislation
  • Advice on what sort of accounts and details that should be filed for the Registry
  • Compile and lodge the accounts and a corporation tax returns with the tax authorities in due time, in accordance with the rules about what needs to be lodged

Lodging Company Accounts for the Irish company

As from the beginning of using your company; we will guide you on the accounting records that need to be held.

From your accounting records, we can compile annual accounts.

These are compiled in accordance with the Companies Act and in accordance with international generally accepted accounting practice with:

  • Balance Sheet
  • Profit and Loss for the period
  • Report of the Directors
  • Notes to the Accounts

Registering your Company for VAT

You must register for VAT if the Irish incorporated company is invoicing in the European Union and is not registered for VAT anywhere else, or in the case of a company managed from Ireland: where your annual turnover exceeds or is likely to exceed : €70,000 in respect of the supply of goods or €35,000 in respect of the supply of services.

To register for VAT you must show a trading presence and some infrastructure in Ireland or evidence of trading partners in Ireland. A registered office address or a virtual office will not simply suffice.

We can advise you on the steps to take to get a VAT number in Ireland which is likely to mean:

  • a dedicated work place
  • an Irish bank account
  • employment of at least one person

Registering for PAYE/PRSI/USC

When a company starts employing staff, they must register for payroll taxes.

Advanced Income Tax deductions (PAYE) is taken from employees' gross pay and Pay Related Social Insurance (PRSI) is payable by employers and employees.

There is a small Universal Social Charge (USC) paid on most salaries

There is a single registration process for all taxes.

We will draft and send for signature the required registration forms and once the signed documents have been returned we will administer the entire registration process

Annual Returns

Every Irish company is obliged to file an annual return each year at the Companies Registration Office. The first annual return becomes due for filing with the Companies Registration Office 6 months after incorporation. The date for filing of your annual returns remain the same each year. The second and all subsequent annual returns require accounts to be annexed when filing.

The following information must be provided for the annual return:

  • Date of the return
  • Company Name
  • Company Registration Number
  • Registered office address
  • Any address where the statutory documents may be kept
  • Name and address of company secretary
  • Any political donations made by the company
  • Authorised share capital
  • Issued share capital
  • Details of payment of the shares
  • List of shareholders on the date of the return
  • List of persons who have ceased to be members since the last return
  • Details of shares transferred since the last return
  • Directors' names
  • Directors' dates of birth
  • Directors' nationality
  • Directors' residential address or address for notification
  • Directors' occupations
  • Details of directors' all other directorships of companies