"Our clients business doesn't stand still and neither do we..."
Audit & Accountancy
Effective audits play an important role in the success of a business. We provide an audit which not only reviews the financial management and controls which operate in your company but also interprets findings. Our analysis will help you further refine and develop the efficiency of your business management.
Our audit teams use the statutory requirement of their visit as an opportunity to review the business and discuss forward planning. It costs no more to do this and our proactive approach is appreciated by clients.
For most clients, we assist with the preparation of their accounts and financial statements. The information produced is used to assist with tax computations, completion of self assessment tax returns, as well as provide valuable information for decision making and the management of the clients' affairs.
We provide clients with support, helping them to produce information to aid decision making and support goals and aspirations.
These services include:
Audit Exemption
Two of the following three conditions must be satisfied before a company will be able to claim the exemption from the requirement to have its accounts audited, as set out in the Companies (Accounting) Act 2017:
And:
it is exempt from the requirement to have its accounts audited. It is not automatically exempt. A decision to avail of the exemption is one to be taken by the directors and it is important that this decision is formally minuted.
Taxation
Taxation is a concern which affects both the individual and the company. Pro-active and effective tax planning is one of the most important aspects of our clients personal or business affairs.
Our taxation services at a glance:
Company Secretarial
Every limited company must file an annual return and abridged accounts with the Companies Registration Office. Failure to do so may result in a late filing fee, a fine or possible cancellation of the company's registration.
We can assist in the completion of the returns and other statutory forms and provide registered office facilities. We are registered agents with the Companies Registration Office and have instant access to its database as well as on-line filing authorisation.
Our Company Secretarial at a glance:
Bookkeeping & Payroll
Our team of bookkeeping specialists is available to work on-site at your offices as well as off-site, providing a wide range of flexible solutions for you:
If there is one thing you want to get right, it's ensuring your payroll runs smoothly.
We offer a comprehensive, accurate and timely service of the quality and price you'll like. Our service will help free up your valuable time, so you can focus on more productive matters and develop your business strategically.
We also prepare all the statutory documents and returns required under PAYE Modernisation.
Business Advisory
Buying or selling a business? The right professional advice can make all the difference prior to commencing the financial due diligence. This third party opinion of the potential investment can provide an invaluable insight into the business.
Our specialities are the valuation of unquoted shares for either tax or commercial purposes and property investment advice.
In addition to the above and the ongoing compliance work, we are able to offer the following value added services to your business:
Also, through an extensive network of other professionals, we are able to introduce you to professionals that can help you with your other financial needs.
Forensic Accounting & Litigation Support
As part of our litigation support service, we work closely with client, solicitor and counsel in relation to each case including matrimonial disputes, company valuations, or personal injury cases.
We act as expert witnesses in court, provide extensive reports and practical advice appropriate to each case.
Should you be faced with a situation that may require a forensic accountant, please do not hesitate to contact us.
Rental Income
John McElhinney & Co. can assist you in the following ways:
Taxation Advice: Maximising allowable expenses, loan interest, minimising Capital Gains Tax, completing timely Income Tax Returns and advice on how to utilise rental losses.
Income & Expenditure Account: We can help in the preparation of a rental Income & Expenditure Account for submission with your Income Tax return.
Residential Tenancies Act 2004: Landlords should be aware of the new requirements Residential Tenancies Act 2004.
Effective audits play an important role in the success of a business. We provide an audit which not only reviews the financial management and controls which operate in your company but also interprets findings. Our analysis will help you further refine and develop the efficiency of your business management.
Our audit teams use the statutory requirement of their visit as an opportunity to review the business and discuss forward planning. It costs no more to do this and our proactive approach is appreciated by clients.
For most clients, we assist with the preparation of their accounts and financial statements. The information produced is used to assist with tax computations, completion of self assessment tax returns, as well as provide valuable information for decision making and the management of the clients' affairs.
We provide clients with support, helping them to produce information to aid decision making and support goals and aspirations.
These services include:
- Management Accounts
- Business plans - financial forecasts
- Profitability reviews and business appraisals
Audit Exemption
Two of the following three conditions must be satisfied before a company will be able to claim the exemption from the requirement to have its accounts audited, as set out in the Companies (Accounting) Act 2017:
- The amount of turnover of the company must not exceed €12 million;
- The balance sheet total of the company is less than €6 million at the end of its financial year;
- The average number of employees must not exceed 50;
And:
- the company's annual returns are up to date (under new rules included elsewhere in the Act), and
- the company satisfied these requirements in the immediately preceding financial year (ignore this point if it is the company's first accounting period),
it is exempt from the requirement to have its accounts audited. It is not automatically exempt. A decision to avail of the exemption is one to be taken by the directors and it is important that this decision is formally minuted.
Taxation
Taxation is a concern which affects both the individual and the company. Pro-active and effective tax planning is one of the most important aspects of our clients personal or business affairs.
Our taxation services at a glance:
- Income tax
- Corporation tax
- VAT
- PAYE/PRSI
- Capital gains tax
- Inheritance tax
- Tax planning
- Company restructuring
- Revenue audits
- Capital allowance consultancy
Company Secretarial
Every limited company must file an annual return and abridged accounts with the Companies Registration Office. Failure to do so may result in a late filing fee, a fine or possible cancellation of the company's registration.
We can assist in the completion of the returns and other statutory forms and provide registered office facilities. We are registered agents with the Companies Registration Office and have instant access to its database as well as on-line filing authorisation.
Our Company Secretarial at a glance:
- Annual returns
- Minutes of meetings
- Maintenance of company registers
- Company formation and name changes
- Voluntary strike-offs
- Resignation and appointment of directors
- Share transfers
Bookkeeping & Payroll
Our team of bookkeeping specialists is available to work on-site at your offices as well as off-site, providing a wide range of flexible solutions for you:
- Preparing timely monthly and year end accounts
- Processing sales and purchase invoices
- Preparing and processing VAT returns
- Preparing and submitting Intrastat returns
- Ensuring PAYE and PRSI are accounted for correctly and up to date
- Preparing year end files for statutory accounts and audit
- Preparing cash flow and profit projections
- Identifying key performance indicators (KPIs)
If there is one thing you want to get right, it's ensuring your payroll runs smoothly.
We offer a comprehensive, accurate and timely service of the quality and price you'll like. Our service will help free up your valuable time, so you can focus on more productive matters and develop your business strategically.
We also prepare all the statutory documents and returns required under PAYE Modernisation.
Business Advisory
Buying or selling a business? The right professional advice can make all the difference prior to commencing the financial due diligence. This third party opinion of the potential investment can provide an invaluable insight into the business.
Our specialities are the valuation of unquoted shares for either tax or commercial purposes and property investment advice.
In addition to the above and the ongoing compliance work, we are able to offer the following value added services to your business:
- Helping you develop and grow the business
- Implementing and improving systems
- Personnel recruitment services
- Structural review of your systems and people
- Review of your profit improvement potential
- Assisting on the collection of debts
- Investigating potential targets for acquisition
- Succession planning
- Estate and Inheritance Tax planning
- Implementation of accounting software.
Also, through an extensive network of other professionals, we are able to introduce you to professionals that can help you with your other financial needs.
Forensic Accounting & Litigation Support
As part of our litigation support service, we work closely with client, solicitor and counsel in relation to each case including matrimonial disputes, company valuations, or personal injury cases.
We act as expert witnesses in court, provide extensive reports and practical advice appropriate to each case.
Should you be faced with a situation that may require a forensic accountant, please do not hesitate to contact us.
Rental Income
John McElhinney & Co. can assist you in the following ways:
Taxation Advice: Maximising allowable expenses, loan interest, minimising Capital Gains Tax, completing timely Income Tax Returns and advice on how to utilise rental losses.
Income & Expenditure Account: We can help in the preparation of a rental Income & Expenditure Account for submission with your Income Tax return.
Residential Tenancies Act 2004: Landlords should be aware of the new requirements Residential Tenancies Act 2004.