Online / Telephone Accountant recommendation

P

pflangan

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I'm doing my first full annual return to the CRO. I've produced my balance sheet with TAS Basics, and want to get an accountant to look over it to ensure the CRO don't throw it back to me.

Can anyone give me a recommendation of an accountant who would do this for me. I probably have a few questions also to confirm that I've allocated things in the right place.

I'm based in Galway, but would be quite happy to work over the phone.

Anyone have a guess at accountant's fees these days also?
 
In Mayo Area I would recommend Nestor & Co Ballyhaunis. Had some dealings with them years ago. Not that far from Galway. Had some dealing's with them years ago but not connected with them now as moved away from that area.
 

note the first b1 is due 6 months after incorporation without account

more than likely go for non-audit.

If you get an accountant and everything fairly well kept, most of the accounts can be prepared via email/post.

How many sale/purchase invoices involved and number of cheques would give good indication of fee
 
CRO will def throw back a balance sheet, a set of accounts will be required, most likely audit exempt ones if small company.

when u meet with your account dont get a shock but the following services are generally provided by accountants for audit exempt companies (people often forget they need them):
  • Preparation of full set of financial statements (still required by company law to prepare these & present at AGM even if audit exempt)
  • Preparation of abridged financial statements to amend to your Annual return (B1). Certain information & disclosures must be included by law, so if u are thinking of doing the accounts your self be careful. Full & Abridged accounts are usually accompanied by accountants report and are handy if your seeking financing etc. CRO are sending back Annual returns if the attached Financial statements are missing any legally required info.
  • Prep & submission of Corporation Tax return (CT1)
  • Prep & submission Return of third party information (46G)
  • Preparation of minutes of directors and shareholders required regarding accounts & presentation at AGMS etc.
  • Prep & submission Annual Return (B1)
approach 2/3 reputable practitioners and ask for quotes for work required (let them guide u on whats required, altho it should def include all above maybe more depending on your companys individual circumstances)

make sure u get B1 in on time or will lose right to audit exemption
 
I agree with everything that Shinners said, but wish to add one little point...

If you get someone who's NOT registered as a Practicing Accountant to do this work, you've no comeback whatsoever, if there is a problem that should have been spotted by the accountant, whereas, with a Practicing Accontant, they have appropriate insurance policies in place...

There are strict guidelines about how a person can become a Practicing Accountant, and, for the sake of the general public, it's well worth it!!!
 
Company Law detemines what are the relevant disclosures required in a set of abridged accounts (audit or not). For example, in a set of small company abridged accounts, you need the balance sheet and relevant notes. Tax liabilities included in creditors is one such note required.

However, CRO do appear to be accepting all sorts of dubious submissions.
 
Paddy is right the CRO is totally at fault in that some of the stuff they accept is ridiculous. Examples: no notes, Creditors not broken down, signed by people who are not directors, wrong share capital shown, incorrect section references for audit exemption and heaps more. As with a lot of things in this beautiful country of ours the compliant filer is penalised by the simple fact that the non complier is not punished.
 



http://www.cro.ie/ena/rectification-of-the-register.aspx
 
Graham_07 said:
What sort of "dubious" submissions are the CRO accepting. I would be very interested in examples.
Click to expand...

how far back you want to go Graham as can show you a submission the cro accepted for a company limited by guaranteed for y/e dec 2006 which is a joke
 
Ants09 said:
how far back you want to go Graham as can show you a submission the cro accepted for a company limited by guaranteed for y/e dec 2006 which is a joke
Click to expand...

As a guarantee company I assume that submission was audited. If it is a "joke" then the auditor involved should be reported to their institute.
 
I think this thread is gone off the point a bit. The opening poster was looking for a recommedation for someone one to point him in a direction of an accountant. I would assume once he got a bit of Accountant's advice all issue in regard to accounts presenation would have been dealt with by his accountant .

The rights and wrong presentation of accounts that company office received is a letting of steam thread in itself
 
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