When you are starting a small or large company, it can be difficult to understand accounting jargon. This can confuse and distort your ideas around your business due to the battle of not knowing where to start with your finances, and in the long run it is very important to keep all your tax and regulatory affairs up to date.
It can be daunting to think that you are going through it all alone.
But you do not need to do it that way because as experts in accounting, and as an accounting firm in Dublin, we will collaborate to save you from the confusion which surrounds how to start covering all accounting matters, we will teach you how to keep up to date and sometimes save money at the same time.
Our online accountants have experience with many companies that have missed important deadlines or have serious fines that they cannot pay. What we as experts want for you and your business is that you can avoid any problems with your accounts and finances quickly and effectively, keeping books and records effeciently so your business can flourish from the beginning and continue to do so.
Do you have any doubt?
Our team will be happy to speak with you, they are just a call or click away if you need to speak or join our accountants services.
We can indicate various guidelines which would be
We can tell you how to decide if you have to establish yourself as a sole trader or limited company, if you are starting to establish a business, you have to choose a commercial structure, depending on your choice or you do not know what to choose.
You can speak to an accountant at the start of the business to help you make the best decisions, with us as your accountants you will have will advice on how to start, there will always be important decisions.
For example, the sole trader generally pays income taxes up to 42% of his earnings, while a corporation in Ireland only pays 12.5% of corporation tax on its earnings. We as your accountant can explain to you about each scenario in more detail, if you seek our advice from the beginning it will help you make excellent decisions.
“A client who is a human resources consultant got fees of over € 175,000 last year. When you approached us, it was too late to form a Limited Company and save on your tax bill. He paid almost half of his tax income as a sole trader.''
There would have been a great savings for her if she had formed a Limited Company.
If we understand your attitude towards risk, we as your accountants can help you reduce them.
On the other hand, if you create a limited company, you are establishing a separate legal entity, this means that this limited company is responsible for any debt with the outstanding creditors, not you personally.
Always try to contact an accountant before making decisions about financial matters so that you make the best decision.