Well prepared and accurate Year End accounts are an essential part of any business.

They provide an insight into the financial health of your business, as well as forming the basis for your Self Assessment tax return.

At Accountants Plus we can advise you on how to strengthen your record keeping procedures, allowing you to run your business more effectively. Having accurate and up to date information is key to enable effective management of stock and cash flow.

Our services are prepared in accordance with accounting standards, at very competitive pricing, to sole traders, partnerships and limited companies.

The staff at the Revenue Commissioners do not advise you on how to organise your affairs and minimise your tax. Meaning you may not always be paying the right amount of tax be it too little or, more often, too much.

We can solve this problem with our professional service. We will analyse your self assessment tax return to see if any tax savings can be made and we can also review your form to see if any anomalies exist before the return is submitted. Our service helps to minimise the risk of a Revenue enquiry into your tax affairs.

It’s a requirement that all businesses keep accurate records for both taxation and VAT purposes. Good bookkeeping practices also help a business with managing and controlling finances, planning for future growth and ensuring that your accounts are completed more accurately and efficiently.

Whether you want help or advice on managing your own bookkeeping, or would like us to take care of the process for you, we have many options and services to cater for your companies needs.

Allowing Accountants Plus to take care of your VAT affairs will help you to avoid issues such as:

• Late VAT registration.
• Errors in VAT returns.
• Late VAT returns or late VAT payments.

These issues can all lead to penalties and possible interest being charged. We help you avoid these interest and penalty payments as well as ensuring the peace of mind that comes with having your VAT affairs taken care of by our team of professionals.

Employment red tape can be intimidating, but we can guide you through the processes, costs, calculations and deadlines- or take care of everything for you!

Taking on your first employee can be arduous process. There are many obstacles with red tape, costs, calculation and deadlines to be met. We can advise you on this process and take care of the many time consuming issues that all employers face such as:

• Dealing with the relevant forms.
• Calculating your employees’ net pay and provide you with payslips for your staff.
• Calculate the tax and PAYE/PRSI/USC deductions applicable, including when your employees are on sick, paternity or maternity leave.
• Keeping track of their holiday entitlement.
• File all the starters and leavers forms on your behalf.
• Provide you with P60s to distribute to your employees.
• Prepare your benefits and expenses forms and advice you of any filing requirements.
• Avoid late payments of employers’ deductions resulting hefty penalties.

There are many different tax allowances and tax relief’s available to businesses relating to various tax liabilities. However, it can be overwhelming figuring out which you are entitled to. If you are currently trying to make tax savings but do not want the hassle of tax legislation, you should seek our professional advice. At Accountants Plus we offer all clients tax planning reviews and try to ensure that our clients only pay as much tax as they are legally required to.

Capital Gains Tax is charged to tax payers on gains made from selling, transferring or otherwise disposing of assets. Many common assets are often subject to Capital Gains Tax when they are sold such as stocks, bonds or even precious metals.

The legislation around capital gains tax is a very complex area. There are many reliefs and exemptions which may lead to significant tax savings for your organisation. As a result, we recommend that you seek the advice of Accountants Plus. We can prepare your capital gains tax calculations and claim any reliefs that you may be entitled to as well as calculate your liabilities.

If you are considering selling a personal asset or all/part of your business, Accountants Plus can advise you in order to mitigate or ease potential tax liabilities.