Accounting requirements - new business

[luain]

Hi, looking at starting a new business turning about 60k pa initially, it will be a limited company. Am I required by law to have an accountant / auditor to submit accounts or can an unqualified but experienced book-keeper do this? I'm just trying to keep the overhead costs as low as possible.
Thanks in advance.

 

[J.Ryan]

If you qualify, you can avail of an audit exemption, in that case you could use a book-keeper to submit your accounts to the CRO.

If they are members of a professional accounting body or students of the same, that would be work considered to be public practice, which, if they do not have a practicing cert could get them disciplined by their body.

I'm not even going to comment on what happens if they make a mistake with disclosures or formats.

What do you think is a reasonable fee for this work?

 

[T McGibney]

If you are keen to cut costs to the bone you should reconsider forming a company in the first instance and perhaps operate as a sole trader?