The Irish tax system continues to grow increasingly complex. Our structured tax compliance services help to ensure our clients meet their registration, filing and payment obligations in an accurate and timely manner thus avoiding penalties. O’Malley & Associates consistently provides advance notification of liabilities, payment dates and amounts. Additionally, we handle all Revenue enquiries negotiating with the Revenue where necessary. As a registered agent on Revenue's On-line Service, our clients' tax compliance affairs are dealt with efficiently and securely.
Our tax planning service provides our clients with an invaluable insight into the current/future tax implications of a transaction, which allows them to make informed business decisions.
Our experienced staff are expert in respect of the following taxes:
Income Tax
Corporation Tax
Value Added Tax
PAYE/PRSI
Relevant Contract Tax
Capital Gains Tax
Gift/Inheritance Tax
We are proactive in minimising our clients' tax liabilities.
Whether you are a sole trader or limited company, our bookkeeping staff is experienced in preparing from source documents Regular Management Accounts, maintaining Debtors/Creditors Ledgers, preparing, completing and filing bi-monthly VAT returns
Many of our clients now avail of our payroll service which keeps them informed of their obligations and makes it easier to pay staff and revenue on time. We can tailor the payment of wages/salaries on weekly or monthly basis to clients' individual needs. Once we are given the details of the company's employees, we can apply the service accordingly ensuring that the required documents are made available as and when required. Our payroll service includes:
Provision of monthly/weekly payslips
Preparation & submission of monthly P30 Returns
Preparation & submission of annual P35 Return
Preparation of annual Forms P60
Preparation of Forms P45
Accountancy
We will ensure your financial statements are prepared in accordance with company law and relevant accounting standards in a timely and efficient manner. We can prepare financial statements either from your own accounting records (computerised or paper based), from source documents or from information held as part of our Bookkeeping service to you. Our dedicated bookkeeping department will ensure all financial records are updated regularly.
Audit
O’Malley & Associates will ensure that your company's financial statements are audited in accordance with all Irish and International auditing and regulatory standards. We understand the importance of continuous training and upskilling for our audit team across all business sectors, which is the basis for providing our clients with an excellent audit service. We work closely with clients during the course of each audit to ensure that our client's objectives are met. We plan our audit assignments with our clients in order to complete our audit work in an efficient manner. On audit completion we will offer you an objective view of your business and advise you of any potential areas of weakness and work with you to make improvements for the future.
Audit Exempt
Due to the increase in the audit exemption thresholds many Irish companies are no longer obliged by law to carry out an annual audit of the company's financial statements. It may however be in the interest of some companies to invest in an audit for the purposes of attracting investment from current and/or potential shareholders or for business lending purposes. Certain types of companies cannot avail of the audit exemption and as such are obliged to undertake an annual audit. These include companies limited by guarantee, charitable organistations, management companies and companies held through group structures. Also companies who do not meet their annual filing obligations are obliged to have their financial statements audited.
Company Secretarial
We provide a company secretarial service to all of our clients to ensure that they meet their statutory filing obligations on a timely basis. Our company secretarial department is experienced in all aspects of the company secretarial work including preparation, completion and filing of annual returns, company incorporations, maintenance of company share registers and voluntary strike- off procedures. We use the most up to date computer and on- line systems.
In recent years, company law has placed increased responsibilities on company directors. Failure to file on time can result in substantial penalties and or prosecution for directors.
Business Start ups
O’Malley & Associates works with clients from the very beginning throughout the growth of their business, adapting services as and when necessary. Drawing upon diverse experience gained from involvement across a broad range of organisations we can work in partnership with you to develop your business to its full potential.
We offer a complete service of company formations.
We can arrange to have a new company formed and also provide a company registered office. We will also register your business for VAT, Corporation Tax, Employers Taxes, Principal Contractor’s taxes, prepare C2 Applications and apply for tax clearance certificates.
We also assist our clients in preparation of business plans and grant applications.