Annual
Compliance

Annual Compliance Requirements for Your Business

Every company is required to comply with the Companies Act and on an annual basis prepare and file financial statements and hold an AGM. Typically this is a service provided to companies by the Company Secretarial Advisors such as CLS Chartered Secretaries or the accountant or solicitors.

Once your business is registered in Ireland, it is required to meet certain compliance obligations by making various submissions to regulatory authorities, including the Companies Registration Office (CRO) and the Revenue Commissioners. These requirements are crucial to maintain your company’s good standing and avoid penalties.

Consequences of Non-Compliance

For registered companies, failure to meet annual compliance requirements can result in significant consequences:

• Loss of Audit Exemption: Non-compliant companies may forfeit their entitlement to audit exemption, which can lead to increased costs and additional scrutiny.

• Late Filing Fees: Automatic penalties apply for late filings, which can accumulate over time.

• Legal and Financial Penalties: In serious cases, non-compliance may lead to criminal charges and financial penalties that affect both the company and its directors.

How Nathan Trust Ensures Your Compliance

At Nathan Trust, we are dedicated to helping businesses meet their statutory obligations. Our services include preparing all necessary documents and providing timely reminders to ensure that our clients remain compliant with relevant legislation. We take the complexity out of compliance, so you can focus on growing your business.

Our Company Secretarial Services

We offer a comprehensive range of company secretarial services, including:

• Preparation of Annual Return: We create and file your annual return, tailored to the specific requirements of your business type.

• Change of Annual Return Date (if required): We assist in adjusting your annual return date to better align with your company’s needs.

• Audit Exemption Advice: Our team provides guidance on audit exemptions for financial statements, ensuring you understand the criteria and benefits.

• Accounting Year-End Requirements: We advise on accounting year-end obligations to keep your records accurate and timely.

• Drafting Minutes for Directors and Shareholders Meetings: We prepare detailed minutes for meetings, ensuring that your records are thorough and professional.

• Preparation of Notices and Agendas for Meetings: We handle the creation of meeting notices and agendas to facilitate efficient board and shareholder meetings.

• Minute Taking by a Chartered Company Secretary: For crucial meetings, a chartered company secretary is available to take accurate and compliant minutes.

• Maintenance of Statutory Registers: Using specialist software, we maintain your statutory registers, ensuring your records are always up to date.

Get in Touch

We can assist in providing annual company secretarial compliance and ensuring the company stays compliant with company law and does not miss filing its annual return on time.

For further information or to discuss how we can assist with your compliance needs, please contact a member of our team using the link below.