Accounting & Tax Advice
At the end of your financial year, we convert your data into yearly returns and submissions. We file your accounts, tax return, and B1, ensuring everything required for REVENUE and the Companies Registration Office (CRO) is completed, including:
- Profit and Loss Report: A comprehensive summary of your business’s activity throughout the year, detailing all sales and expenditures.
- Balance Sheet: A detailed overview of your assets and liabilities, your cash position, and an account of what you own and what you are owed.
- Director’s Report and Notes to the Account: These are prepared in accordance with Generally Accepted Accounting Principles (GAAP), providing essential insights into your financial status.
Unlimited tax advice is included as part of our accounting services. We encourage all of our clients to reach out with questions at any time. This proactive approach is more efficient and helps prevent avoidable issues that could arise at the end of the financial year.
Value Added Tax (VAT)
Staying on top of VAT obligations is crucial for any business operating in Ireland. We offer comprehensive VAT services to ensure your business remains compliant with Revenue. Our services include VAT registration, where we help set up your business with the necessary VAT identification number. Additionally, we prepare and submit bimonthly returns, ensuring timely and accurate reporting to avoid any penalties. Our team remains at your disposal for any VAT-related advice you may need, guiding you through every aspect of the VAT process. Whether you’re just starting or expanding, our expert services provide the support you need to focus on growing your business without the worry of compliance issues.
VAT Registration
We will prepare and submit everything to Revenue on your behalf. Once your business is making taxable supplies over the applicable threshold, it’s essential to register for VAT. Please note that different thresholds apply for Irish and overseas companies. Rest assured, we will handle the entire registration process, ensuring that your business is registered as quickly as possible, so you can focus on your operations without delay. Our thorough approach ensures compliance and minimizes any potential disruptions to your business activities.
Bookkeeping
Handling books for businesses that utilize multi-channel ecommerce solutions is our area of expertise. We cater to businesses selling on platforms like Amazon, Shopify, eBay, Etsy, and more. Our process involves gathering sales data on your behalf, saving you valuable time and effort. Understanding the intricacies of various ecommerce platforms’ reporting isn’t your worry; it’s ours. By proactively mastering these systems, we ensure that the process is seamless for you. We save you time and money by:
- Automatically retrieving sales data from all platforms.
- Utilizing top-tier tools such as Xero for bookkeeping and Receipt Bank for efficient invoice capture.
- Offering flexible bookkeeping frequency options to help you manage costs effectively, whether you need frequent or infrequent bookkeeping services.
Our commitment is to streamline your bookkeeping activities, allowing you to focus on growing your ecommerce business.
Compliance and Deep Understanding of VAT for Ecommerce Sellers
Getting VAT right should be hassle-free. Our team is dedicated to simplifying the process, ensuring your ecommerce business remains compliant, whether you’re based in Ireland, overseas, or operating as a drop shipping company. We provide a comprehensive understanding of VAT regulations as they apply to your business model. With our proactive approach, we help you navigate the complexities and prevent any compliance-related interruptions to your business.
Payroll
We efficiently manage your monthly payroll submissions to REVENUE, making sure your payroll processes are handled accurately and on time. Our service includes calculating employee wages, taxes, and deductions, ultimately reducing the administrative burden on your business. By entrusting us with your payroll, you can focus on fostering growth and productivity within your company.
Personal Tax and Self-Assessment
For sole traders, your standard annual Self-Assessment is included as part of your accounting fee, ensuring you meet all your tax obligations without additional stress. If you are a Limited Company Director with Self-Assessment obligations, we can take care of this process for you, making the return simple and quick to complete. Our expert guidance ensures you’ll always be up-to-date and compliant with tax obligations, allowing you to concentrate on business operation and expansion.
Business Coaching
Our business coaching services are tailored to help you elevate your business to new heights. Whether you are a startup or an established company looking to scale, we provide expert guidance in business planning and development. Our approach involves a thorough understanding of your business goals and challenges, followed by strategic planning sessions designed to unlock your growth potential. From refining your business model to identifying new market opportunities, our coaches are with you every step of the way. Embrace the power of mentorship and take advantage of our resources to enhance your leadership skills and decision-making capabilities, ensuring sustainable success and advancement in your industry.
Cash Flow Forecasting
In the world of business, cash truly is king. Understanding and managing your cash flow is crucial to ensuring your business thrives and expands. Our cash flow forecasting service empowers you to proactively monitor and predict your company’s financial health. We engage with you to assess current cash flows, develop accurate cash flow predictions, and identify areas for financial improvement. By forecasting future cash movements, you gain a comprehensive view of your liquidity status, enabling you to make informed strategic decisions. Our expert insights help you optimize cash management, reducing risks and seizing opportunities that align with your business objectives, ultimately boosting your bottom line.
