Accounts Preparation

Accurate, on-time accounts preparation does two jobs at once: it keeps you compliant with Revenue and the CRO, and it shows you the true state of your business. We prepare year-end financial statements for companies, sole traders and partnerships across the Midlands and the rest of Ireland, drawn up properly and ready to support your tax return and your filings.

Year-end accounts done right

Your annual accounts are the formal record of how the business performed over the year. They need to be correct, consistent with the prior year, and prepared to the standard that Irish company law and accounting standards require. We take your bookkeeping records, resolve the queries, make the year-end adjustments and produce a clean set of financial statements you can rely on.

For a typical set of accounts we deal with:

• the profit and loss account and balance sheet, with supporting notes
• accruals, prepayments, depreciation and stock adjustments
• director and related-party disclosures where they apply
• abridged accounts for filing with the CRO, where the company qualifies

If your records are not fully up to date, we can put that right first. Many clients pair accounts preparation with our bookkeeping services so the year-end runs smoothly rather than turning into a scramble.

Compliant with the CRO and Revenue

Irish companies must file accounts with the Companies Registration Office every year, alongside the annual return (B1), within practice deadlines. Miss the date and the company faces late-filing penalties and, just as costly, the loss of audit exemption for two years. We prepare the accounts and handle the company secretarial filings together, so the figures and the forms reach the CRO on time.

The same accounts feed your tax position. Company accounts support the corporation tax computation and CT1 return; sole trader and partnership accounts support the income figures on the Form 11. Preparing the accounts and the tax return as one piece of work means the numbers tie up and nothing is missed.

A true picture, not just a compliance exercise

Accounts are most useful when you read them. We talk you through your results, what changed since last year, where your margins sit, how the business is funded and what the figures say about the year ahead. That conversation often surfaces practical points: a creeping cost, a slow-paying customer base, or a profit level that opens up a tax planning opportunity.

If you are deciding whether to trade as a sole trader or move to a limited company, your accounts are the natural starting point, and we are happy to walk you through the trade-offs.

Work with a chartered practice

As Chartered Accountants and Registered Auditors, we prepare accounts to a professional standard whether or not your company needs an audit. If an audit is required, our statutory auditing team can carry it out, and if you want regular figures during the year, our management accounts service keeps you informed between year-ends.

Wherever you are based, close to our Athlone office or further afield, we make accounts preparation straightforward. Book a free consultation and we will agree a timetable that gets your accounts done well ahead of the deadline.