Accounting Services

Our accounting services lie at the core of our service offerings and is a significant requirement for all entities including sole traders, partnerships and limited companies. While it is a necessity to gauge business performance usually on an annual basis; this can be extended further to include management reporting on a monthly/quarterly basis, depending on your business needs. Such Financial Statements can assist with performance level assessments and the year-end compliance filings with both the Companies Registration Office (CRO) and Irish Revenue Commissioners, for tax purposes. BWD possesses a unique and efficient “accounts pack” to deliver such requirements to clients.

With recent changes in Companies Act (2014), all Irish limited companies are obliged to prepare statutory financial statements whether they be audit or audit exempt. The audit exemption format is very beneficial and can assist greatly with the intrusion and increased procedures required to conduct a statutory audit; whilst assisting with more favourable fees for the client. By availing of same, a more pinpoint “audit” of key segments of your business may be performed and reported upon each year, leading to greater coverage for your business.

Current Criteria for Audit Exemption*

* Information correct at time of publishing

Turnover

Turnover does not exceed €12M; and

Gross Assets

The gross assets of the company
< €6m; and

Number of Employees

The average number of employees
< 50; and

On Time

The annual return of the company must be on time (two consecutive year’s)

How to Avail of Audit Exemption

To avail of same an election to the CRO is required in writing. Audit Exemption is also available to any group company if the group as a whole qualifies as a Small Group based on the above criteria. We will advise on eligibility and complete the relevant paperwork to claim audit exemption status for all clients who satisfy the relevant criteria. As our core service, we deal with this aspect for all our relevant clients and therefore our team are always up to date with accounting regulations and the disclosures required in assisting business owners meet their statutory duties. 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.

We will prepare your accounts, discuss and provide key insights to you as part of our service offerings, with a view to maximising performance and minimising taxation levels.