LIMITED COMPANIES
Limited Companies
As a long-established and experienced accountancy firm, Galway Accountancy offers professional accountancy services for limited companies in a range of industries.
Whether you’re a new company or a long-established business, we offer a range of bespoke accounting services to suit your unique requirements. From full outsourced accountant services to annual tax returns, business advisory services, general accounting, and more, we aim to offer tailored accounting that you can rely on.
Here at Galway Accountancy, we’re passionate about going to extra mile for our clients which is why we offer flexible phone, video, and office consultations before and after your service to keep you informed throughout the process.
With hundreds of happy past clients, we focus diligently on your finances and tax affairs to allow you to take care of the important that help your company grow, expand, and succeed with ease.
OFFERING A RANGE FOR ACCOUNTING SERVICES FOR LIMITED COMPANIES, INCLUDING:
Full & Partial Accountant Outsourcing
Company Bookkeeping Services
Payroll & PAYE Modernisation
VAT Services
Tax Advisory & Savings Services
Company Formations
Business Support & Advisory Services
Company Secretarial Services
Internal Auditing
Auditing & Assurance Services
General Financial Advice
Fundraising Advice
Setting up a Limited Company in Ireland
Structure & Personnel
 Choose a Unique Company Name: It must be distinct from any existing name on the Companies Registration Office (CRO) register.
 Appoint Directors: You must have at least one director (if there is only one, a separate Secretary is required). At least one director should be a resident of the EEA.
 Appoint a Company Secretary: Responsible for administrative duties and legal filings. · Assign Shareholders: Decide who will own the company shares and in what proportions.
Legal Documentation & Registration
 Draft a Constitution: This document outlines the rules of the company and replaces the old "Memorandum and Articles of Association."
 Submit Form A1 to the CRO: This is the formal application for incorporation, including details of the registered office address, directors, and secretary.
 Register Beneficial Owners: Within five months of incorporation, you must register the individuals who ultimately own or control the company with the Central Register of Beneficial Ownership (RBO).
Financial & Tax Setup
 Open a Business Bank Account: A limited company is a separate legal entity; it must have its own bank account separate from personal funds.
 Register for Taxes with Revenue: Depending on your activity, this includes:
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Corporation Tax (Mandatory for trading companies)
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VAT (If you expect to exceed certain turnover thresholds)
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PAYE/PRSI (If you plan to pay yourself or employees a salary)
Ongoing Compliance
 Set a Financial Year End: This determines when your accounts and annual returns are due.
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 Statutory Filings: Every company must file an Annual Return (Form B1) with the CRO. The first return is due 6 months after incorporation (no accounts required).
Limited Companies FAQ
Do you offer accounting services for large businesses?
Yes. We offer accounting services for large businesses as well as for SMEs, sole traders, and private individuals
What industries do you offer accounting services for?
We don’t specialise in any one industry and offer our accounting services for businesses in all industries. Past clients include everything from small shops to large offices, factories, sole traders, schools, and more.
Can I hire you as an outsourced accountant?
Yes, we offer full outsourced accounting, outsourced payroll, and outsourced bookkeeping for clients.