Year-end accounts questions
What Irish company directors ask us about year-end accounts, CT1 and annual return deadlines, prices and switching accountant.
How much do year-end accounts cost for a small company in Ireland?
With us, a fixed €69.99 to €159.99 + VAT a month, depending on turnover. That covers the financial statements, the CT1 corporation tax return, the B1 annual return and a tax clearance application. Companies with turnover over €500,000, groups and charities get a fixed quote.
When is my company's CT1 due?
For a year ending on the last day of a month, the CT1 is due by the 23rd of the ninth month after the year end, when it's filed and paid through Revenue Online Service (ROS). A company with a 31 December year end files by 23 September. Use the deadline checker above for your dates.
When is the annual return due at the CRO?
Within 56 days of your company's annual return date, which is on the CRO register. The financial statements attached must be made up to a date no more than 9 months before the annual return date.
What happens if the annual return is filed late?
The CRO charges a late filing fee of €100 plus €3 a day, up to €1,200 per return. A late return can also cost the company its audit exemption for two years, which means paying for an audit. We file on time, so you avoid both.
What do you need from us?
Your closing trial balance, plus access to Xero if you use it. If you use other software or keep paper records, upload your bank statements, loan statements and supporting paperwork to our client platform. We'll send you a short checklist when you join.
Can you catch up on several years of missed accounts?
Yes. We list every outstanding year, give you one fixed quote with each year priced at your plan's yearly rate, then prepare and file the accounts, CT1 and annual return for each year, oldest first. We need a trial balance for each year. Use the backlog calculator for a guide price.
Can you set up and supply Xero?
Yes. Add Xero Ignite (€34.99), Grow (€49.99) or Comprehensive (€74.99) + VAT a month to any plan and it's billed monthly on the same direct debit. If you already have Xero, keep your subscription and give us access.
Do you do bookkeeping?
No. We prepare and file year-end accounts, so your books need to be written up and reconciled before we start, by you or your bookkeeper. If anything is missing from the trial balance, we'll tell you what we need.
Which plan are we on?
It depends on turnover. Micro is for turnover up to €42,500, the VAT registration threshold for services. Small covers up to €150,000, Medium up to €250,000 and Large up to €500,000. Above that, or for groups and charities, we give you a fixed quote.
How does paying monthly work if we join mid-year?
The year's fee is spread over the months left before your year end. On the Small plan with a December year end, joining in June means 6 payments of €199.98 + VAT. From the next year, it's €99.99 + VAT a month.
What does "2 months free" mean?
Pay for the year upfront and you pay for 10 months instead of 12: €699.90 + VAT on Micro, €999.90 on Small, €1,299.90 on Medium and €1,599.90 on Large.
Is a tax clearance certificate included?
We apply for one for you on every plan, at no extra cost. Revenue issues it when all the company's tax affairs are in order, including other taxes such as VAT and PAYE, so it's subject to Revenue eligibility. Banks, grant bodies and public tenders often ask for one.
Do company directors need to file their own tax return?
Usually, yes. Most directors who own or control more than 15% of their company must file a Form 11 income tax return each year. We can file it for you as an add-on.
How do we switch from our current accountant?
Tell us who they are. We send a professional clearance request and collect last year's accounts and tax computation. It's free and usually takes a couple of weeks.
Our company has stopped trading. Can you still look after it?
Yes. If your company becomes dormant, we can keep preparing its accounts and filing its annual return. Ask us for a price.