Annual Return
Since my last Frequently Asked Questions post , I’ve kept a record of the types of questions I get asked regularly, either as comments or by email. Here are some of the more popular queries over the last 5 months. .. . . Q. Can a sole trader register a company name? If so, are [...]
The Companies Registration Office have been busy. They have revised another form – Annual Return Form B1 – in an effort to fight back against individuals allegedly impersonating auditors or passing themselves off as auditors. Form B1 must be filed by companies each year and in most circumstances the B1 will be accompanied by either full or abridged Financial [...]
Continue reading about New Form B1: Ensure your Auditor is on the List
The CRO have issued a list of the most common errors in filing Annual Returns and how to avoid them. The most common errors are: failing to enclose the late filing fee where the annual return is late and claiming audit exemption when the company isn’t entitled to. As always, if you have any queries [...]
Continue reading about Filing Annual Returns – Common Errors
Did you know that many small companies do not require an audit of their Financial Statements? Companies that meet certain criteria can qualify for audit exemption. Audit exemption removes the need for an audit but accounts still need to be prepared and submitted to the Companies Registration Office (CRO) and Corporation Tax returns will still [...]
Continue reading about Small Companies: Don’t Forget to Claim Audit Exemption
For companies experiencing trading difficulties, the obligation to file an annual return can fall down the list of priorities. Failing to file an annual return on time leads to filing penalties and the loss of audit exemption which can lead to further financial loss for the company. The CRO have informed us that it is [...]
Continue reading about CRO filings: Companies Experiencing Trading Difficulties
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