We are UK based accountants.
We have an Eire company and aware that we have to file accounts with CRO and the Revenue. We have the software to prepare the accounts.
We need to gain some understanding of how to do these in practice and where to start. A couple of phone calls have told us we can do this as the client is audit exempt.
Any thoughts we would be most appreciated.
Thanks
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Hello I am an accountant practicing in Ireland . You will need to write to Revenue to get a Tax agents identification number (TAIN). Once they know you are a bone fide firm of accountants this should not be a problem. You will need to download software from the revenue website called ROS offline so as to prepare the company tax return form CT1. Company accounts are not submitted to Irish Revenue but the form Ct1 includes accounts extracts. As from 1 June 2011 all company tax returns for all tax headings must be filed on ROS .
For the CRO return you can still file a paper return Form B1 if you dont have the CRO software. Hard copy original signed accounts must be filed. The format of accounts is more detailed than the UK. if the annual return is late you lose audit exemption for that set of accounts and the next accounting year. Be warned