Accounting Outsourcing

• Financial, tax and accounting considerations of starting a new business
• Advice before starting up
• Selecting a Legal Entity for your business
  - Sole Proprietorship
  - Partnership
  - Limited Company
• The pros and cons of Company v Sole Trader/Partnership
• Revenue and Companies Registration
• Accounting and bookkeeping advice and support
• Accounting records and record-keeping
• Computerised accounting systems
• Preparation of returns
• Business mentoring
• Free company formations

Offer applies to new company formations only [excludes any additional work including tax registration].
Offer includes New Company Pack comprising:

• 3 bound and 1 unbound Memo and Articles of Association.
• 1 Company Register
• Minutes of first meeting
• Certificate of Incorporation
• Share Certificates
• Information Leaflets
• Company Seal

Should you wish to proceed, please Contact us to make an appointment.

The harsh reality is that 50% of new businesses fail within the first five years. Why? Because of the lack of planning.They do not plan to fail, but they certainly fail to plan. We can assist you in the preparation of a comprehensive business plan.

“Cash is king” – at all stages of the business lifecycle, it is critical that a company is able to plan its cashflows and profits. With our help clients are guided through this process to enable production of reports most applicable to their business.

Advice on eligibility to grant aid from EU, Government or Local Development Agencies, Enterprise Ireland and IDA.
Preparation of Feasibility Studies, Business Plans and Projections to support applications for grant assistance.

Our aim is to help our clients get the best method of funding for their individual circumstances. We will take you through the whole process in a straightforward manner. We will liaise with various financial institutions and government agencies on your behalf including: -

• Enterprise Boards
• Enterprise Europe Network
• Udaras na Gaeltachta
• Shannon Development
• Chambers of Commerce

We will assist you in creating a reporting system that best suits your specific requirements which could include us taking responsibility for maintaining your bookkeeping systems and/or we can advise you on what accounting software package would best suit your requirements. We can source and install the chosen software and train your personnel in its use.

With the right payroll package it is easy to make the administration of payroll management
simpler, less time-consuming and more accurate. We can advise you on what payroll software package would best suit your requirements. We can source and install the chosen software and train your personnel in its use. Our exact service depends on your individual needs and budget, whether you are a company with 2 employees or 200 employees, we can help you with resolving your payroll needs from basic outsource payroll service to start-up service or managed service.

• Calculation of PAYE and PRSI liability
• Net pay figures on a weekly, fortnightly, monthly or adhoc basis
• Payslips
• Payroll summaries
• Completion of statutory forms, including P30/P35/P45/P60
• Advice on treatment of Benefits in Kind
• Access to specialist advice on tax and accountancy issues

The harsh reality is that 50% of new businesses fail within the first five years. Why? Because of the lack of planning.They do not plan to fail, but they certainly fail to plan. We can assist you in the preparation of a comprehensive business plan.

“Cash is king” – at all stages of the business lifecycle, it is critical that a company is able to plan its cashflows and profits. With our help clients are guided through this process to enable production of reports most applicable to their business.

In conjunction with the projections and cashflow we provide more strategic planning on a longer term basis. Establishing goals and creating the systems required to reach those targets.

Our aim is to help our clients get the best method of funding for their individual circumstances. We will take you through the whole process in a straightforward manner. We will liaise with various financial institutions and government agencies on your behalf including: -

• Enterprise Boards
• Enterprise Europe Network
• Udaras na Gaeltachta
• Shannon Development
• Chambers of Commerce

We will assist you in creating a reporting system that best suits your specific requirements which could include us taking responsibility for maintaining your bookkeeping systems and/or we can advise you on what accounting software package would best suit your requirements. We can source and install the chosen software and train your personnel in its use.

With the right payroll package it is easy to make the administration of payroll management
simpler, less time-consuming and more accurate. We can advise you on what payroll software package would best suit your requirements. We can source and install the chosen software and train your personnel in its use. Our exact service depends on your individual needs and budget, whether you are a company with 2 employees or 200 employees, we can help you with resolving your payroll needs from basic outsource payroll service to start-up service or managed service.

• Calculation of PAYE and PRSI liability
• Net pay figures on a weekly, fortnightly, monthly or adhoc basis
• Payslips
• Payroll summaries
• Completion of statutory forms, including P30/P35/P45/P60
• Advice on treatment of Benefits in Kind
• Access to specialist advice on tax and accountancy issues

Management accounting is the monitoring & measurement of recent activities and results within organisations and the presentation of relevant data required by management to enable them to make informed business decisions as part of their Performance Management, Planning and Control functions.

In contrast to financial accounting information, management accounting provides primarily forward-looking data, as opposed to historical. It is designed and intended for use by managers in day to day decisions, as opposed to shareholders, creditors and Revenue.  It is generated with reference to the confidential specific needs of internal management and is rarely reported publicly.

Management accounting information is also playing more of a key role in strategic decisions and contributes to the identification, measurement, and reporting of risks to achieving organisational goals and objectives.

The CR&BKF business support team provides an outsourced management accounting function, that is tailored to the specific needs of the client, on a monthly/quarterly basis.

Helping companies produce regular, timely, meaningful financial statements providing substantive and accurate information critical to the decision-making process for the business.

• Monthly/Quarterly P&L and Balance Sheet
• Regular Stock Review & Evaluation
• Identification of Profit Centres & Loss Makers
• Identification of Budget/Actual/Variances – their cause and effect
• Evaluation of internal processes and practices
• Technology implementation – set up, upgrade or conversion
• Training – Accounts/Bookkeeping

The benefits of timely management accounts include: -

• Provides a snapshot of your business performance at particular intervals during the financial year
• Allows you to compare performance against pre-set targets/budgets
• Provides information required to make key management and strategic decisions
• Provides information useful for planning and control of the business
• Identify areas of high profitability
• Highlight and review non performance areas

Contact us today if you would like to receive a free initial consultation and quotation for providing outsourced management accounts for your business and be amazed at the difference it can make to how you operate!

Directors’ and Senior Management coaching

Coaching and implementation of computerised and manual bookkeeping

Many business owners do not have the time to analyse their finances to determine where improvements can be made. Because we already have an intimate knowledge of our clients’ businesses, we are in an ideal position to spot opportunities for improvement

Advice on eligibility to grant aid from EU, Government or Local Development Agencies, Enterprise Ireland and IDA.
Preparation of Feasibility Studies, Business Plans and Projections to support applications for grant assistance.

“Cash is king” – at all stages of the business lifecycle, it is critical that a company is able to plan its cashflows and profits. With our help clients are guided through this process to enable production of reports most applicable to their business.

Management accounting is the monitoring & measurement of recent activities and results within organisations and the presentation of relevant data required by management to enable them to make informed business decisions as part of their Performance Management, Planning and Control functions.

In contrast to financial accounting information, management accounting provides primarily forward-looking data, as opposed to historical. It is designed and intended for use by managers in day to day decisions, as opposed to shareholders, creditors and Revenue.  It is generated with reference to the confidential specific needs of internal management and is rarely reported publicly.

Management accounting information is also playing more of a key role in strategic decisions and contributes to the identification, measurement, and reporting of risks to achieving organisational goals and objectives.

The CR&BKF business support team provides an outsourced management accounting function, that is tailored to the specific needs of the client, on a monthly/quarterly basis.

Helping companies produce regular, timely, meaningful financial statements providing substantive and accurate information critical to the decision-making process for the business.

• Monthly/Quarterly P&L and Balance Sheet
• Regular Stock Review & Evaluation
• Identification of Profit Centres & Loss Makers
• Identification of Budget/Actual/Variances – their cause and effect
• Evaluation of internal processes and practices
• Technology implementation – set up, upgrade or conversion
• Training – Accounts/Bookkeeping

The benefits of timely management accounts include: -

• Provides a snapshot of your business performance at particular intervals during the financial year
• Allows you to compare performance against pre-set targets/budgets
• Provides information required to make key management and strategic decisions
• Provides information useful for planning and control of the business
• Identify areas of high profitability
• Highlight and review non performance areas

Contact us today if you would like to receive a free initial consultation and quotation for providing outsourced management accounts for your business and be amazed at the difference it can make to how you operate!

Many business owners do not have the time to analyse their finances to determine where improvements can be made. Because we already have an intimate knowledge of our clients’ businesses, we are in an ideal position to spot opportunities for improvement

Strategic leadership and compliance advice, offering an understanding of the complexities of finance, a capacity to oversee change, the management and control of risk

Managing your personal finances made simple. Our wealth management division can advise you on decisions relating to:

• Investments
• Savings
• Retirement Planning
• Succession Planning
• Family Protection
• Business Protection
• Inheritance Tax

We work interactively with clients to provide creative ideas and solutions that increase value to our clients when they address financial transactions, disputes and business problems or are making important financial decisions that define their future.

We advise our clients to give their business the stability they need to manage effectively and achieve their goals. We provide clients with an objective, comprehensive and independent view on a wide variety of assignments.

We advise our clients to give their business the stability they need to manage effectively and achieve their goals. We provide clients with an objective, comprehensive and independent view on a wide variety of assignments.

Researching an idea before starting a business may not cost much in cash terms but during this period, that time may be spent investigating the feasibility of what is planned for your business.
Applicants may be eligible for a feasibility study grant from their local Enterprise Board, which may cover up to 60% of the agreed cost of the research stage up to a maximum of €7,500 in the Boarder-Midlands-West region or 50% up to a max of €5,100 in the South & East region. The actual amount is dependent on the needs shown in the Business Plan or application.

We provide assistance by restructuring businesses or assisting you in an orderly wind down of activities.

“Cash is king” – at all stages of the business lifecycle, it is critical that a company is able to plan its cashflows and profits. With our help clients are guided through this process to enable production of reports most applicable to their business.

Management accounting is the monitoring & measurement of recent activities and results within organisations and the presentation of relevant data required by management to enable them to make informed business decisions as part of their Performance Management, Planning and Control functions.

In contrast to financial accounting information, management accounting provides primarily forward-looking data, as opposed to historical. It is designed and intended for use by managers in day to day decisions, as opposed to shareholders, creditors and Revenue.  It is generated with reference to the confidential specific needs of internal management and is rarely reported publicly.

Management accounting information is also playing more of a key role in strategic decisions and contributes to the identification, measurement, and reporting of risks to achieving organisational goals and objectives.

The CR&BKF business support team provides an outsourced management accounting function, that is tailored to the specific needs of the client, on a monthly/quarterly basis.

Helping companies produce regular, timely, meaningful financial statements providing substantive and accurate information critical to the decision-making process for the business.

• Monthly/Quarterly P&L and Balance Sheet
• Regular Stock Review & Evaluation
• Identification of Profit Centres & Loss Makers
• Identification of Budget/Actual/Variances – their cause and effect
• Evaluation of internal processes and practices
• Technology implementation – set up, upgrade or conversion
• Training – Accounts/Bookkeeping

The benefits of timely management accounts include: -

• Provides a snapshot of your business performance at particular intervals during the financial year
• Allows you to compare performance against pre-set targets/budgets
• Provides information required to make key management and strategic decisions
• Provides information useful for planning and control of the business
• Identify areas of high profitability
• Highlight and review non performance areas

Contact us today if you would like to receive a free initial consultation and quotation for providing outsourced management accounts for your business and be amazed at the difference it can make to how you operate!

Coaching and implementation of computerised and manual bookkeeping

Our aim is to help our clients get the best method of funding for their individual circumstances. We will take you through the whole process in a straightforward manner. We will liaise with various financial institutions and government agencies on your behalf including: -

• Enterprise Boards
• Enterprise Europe Network
• Udaras na Gaeltachta
• Shannon Development
• Chambers of Commerce

Advice on eligibility to grant aid from EU, Government or Local Development Agencies, Enterprise Ireland and IDA.
Preparation of Feasibility Studies, Business Plans and Projections to support applications for grant assistance.

Liquidation refers to the process by which a company (or part of a company) is brought to an end, and the assets and property of the company redistributed. Liquidation can also be referred to as winding-up or dissolution.
The three main liquidation options are: -

• Creditors Voluntary Liquidation
• Court Liquidation
• Members Voluntary Liquidation

Creditors Voluntary Liquidation
Creditors Voluntary Liquidations (CVL) are initiated by the directors where a company is insolvent. The liquidators appointment is confirmed at a subsequent meeting of the creditors. The creditors have the power to appoint an alternative liquidator if a majority in value supports such an action.
Court Liquidation
A Court Liquidation is commenced by order of the court on foot of a petition. The petitioner in a compulsory liquidation is most commonly the company or a creditor who will petition on the ground that a company is unable to pay its debts.

Members Voluntary Liquidation
A Members Voluntary Liquidation (MVL) is the procedure used to wind down solvent companies. Under this type of liquidation, all creditors are paid in full, and the surplus is returned to the owners/shareholders. MVLs are also known as solvent liquidations.
A Members Voluntary Liquidation is a popular way of extracting accumulated funds and distributing them to shareholders so that they only pay Capital Gains Tax as opposed to higher rates of PAYE / PRSI on an income type distribution. In certain circumstances, the shareholders may be able to avail of Retirement Relief, and not pay any Capital Gains Tax.
Should I appoint a liquidator?
You should appoint a liquidator if your company is insolvent! There are two definitions of insolvency. One is where the company is unable to pay its debts as they fall due and the second is where the liabilities of the company exceed the company’s assets. If a company is insolvent and the directors cannot find a way to return the company to a solvent position then the directors need to seriously consider appointing a liquidator.
We accept appointments as court or official liquidator.
We have extensive experience of liquidating all types of companies and carry out liquidations throughout Ireland.