Overview

Limited companies are required to keep proper books of account which give a true and fair view of the company’s financial affairs. Companies are also required to disclose details of their accounts at the Annual General Meeting (AGM) and to attach a copy of those accounts to the annual return filed with the CRO. In addition, they are required to observe certain standards in the preparation of accounts, following specific formats and disclosing certain information by way of notes to the accounts. The Companies Acts 1963-2013 requires all companies to lay the following accounts and reports before the company members at the AGM:

 

  • a profit and loss account (or an income and expenditure account if the company is not trading for profit)
  • a balance sheet
  • a directors’ report
  • an auditor’s report

 

Avid Partners have a very efficient Annual Returns Preparation Service to help you file your Annual Returns on time. Contact Avid Partners today. Arrange a free consultation with us to talk through the steps involved and ascertain what your liability will be.  You can phone us on 01 4286900, email us at advice@avidpartners.ie  or alternatively you can fill out the form below.

 

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Scenarios:

Yes Avid Partners have two divisions of the company. We have an accountancy division that handles your day to day financial necessities and we also have an advisory division to assist companies develop their businesses. This can include consultancy, marketing and guidance when required. We can act as a Chairperson for your organisation if required and can also take away some of the day to day pressures that can restrict growth and slow development. Avid Partners can help with both of the critical aspects of a company, keeping costs down as much as possible and growing revenues exponentially. Technology companies need patience in developing their visions and an involved day to day partner is the best way of keeping a good business balance.
It is a common problem for companies who are in a situation where their business is growing in real terms (users, visitors) but sales is not matching the other growth metrics as traditionally sales lags behind growth (Twitter, Linked In, etc). So what do you do? Every business needs access to finance to pay operating costs which gives the company time to develop future revenue streams. Thankfully the situation is getting better with many tech friendly finance options coming on stream such as micro financing, crowd funding and government agencies are also starting to show support interests.
Every company starts out small with very limited resources at the beginning of the project. The key is to make the most from the resources you have and to seek out alliances, support systems and working partners. Start ups face many challenges including access to capital, regulatory requirements, economies of scale. We can help you develop your concept and will assist in every way possible from accountancy and day to day support to advisory services and raising finance. We can assist in a number of ways and have a portfolio of growing small companies that we help on an on-going basis.
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