Audit & AssuranceThere are several criteria a company must meet to qualify for audit exempt. Check our services section for more details. |
TaxationWith our extensive experience in tax planning we can can ensure you remain tax compliant at all times. |
ConsultancyWe have the experience and expertise to help in many areas from corporate restructuring to forensic accounting. |
Business PerformanceOur business performance tools analyses financial records to reveal the good, the bad and the ugly. |
OutsourcingOutsourcing allows our clients to reduce costs while improving the timeliness and accuracy of the accounts function. |
FinanceAfter the credit problems of the past few years there are several new finance options we can assist you with |
Our Services.
Today's business environment is fast moving, complex, and highly competitive. Business owners need the support of professionals who provide on-time, effective solutions to help their business move forward. We provide such a service.
The range of client services at Ryan & Crowley goes well beyond the "traditional" areas. A key requirement of every service is the objective of providing value for money and identifying actions and advice, which are to the clients' benefit.
"Knowing the affect of a business decision before you make it"
Better business starts with well-informed advice. Our business performance tools analyses financial records to reveal the good, the bad and the ugly. You’ll have all the facts and figures you need to make the best decison possible - the sort of advice that can improve your business.
Our systems will allow you to see the health of your business. You’ll get instant answers to questions like, “What happens to my cash flow if my sales increase” or “What will interest rate changes do to my bottom line?” That way you can quickly identify problem areas and ways to address them.
The reports we generate will be the same as those looked for by banks when they are assessing finance proposals for bsuinesses looking for loans, overdrafts and working capital.
One of Ryan & Crowley's strengths is the provision of accounts and financial management services. Outsourcing these functions allows our clients to reduce costs while improving the timeliness and accuracy of the accounts function.
Outsourced accounts production
Monthly processing
Maintenance of debtors and creditor ledgers
Outsourced financial management
Production of periodic management accounts
Review of accounts to ensure control of finance function
Financial Strategy facilitation
Planing
Forecasting
Review
Outsource payroll
We can prepare pay runs on a weekly, bi weekly or monthly basis. This includes producing wage slips for all members of staff and ensuring confidentiality of this sensitive information. Our experience in this area ensures your wages will be calculated correctly and help avoid and tax errors.
Working capital finance
We have begun to engage with the pillar banks for finance for the small to medium sector. Both banks have confirmed there willingness to lend to businesses. With a proper business plan and realistic projections banks are start to lend to businesses. We can assist you in the process from preparing a business plan to preparing cash flows and profit and losses. We will also attend meetings with you and the bank to answer any technically questions the bank may have.
Project finance
Several of our clients are starting to receive large orders from multinational or large Irish companies. The problem many of them face is being able to finance the project given their customers credit terms. With the credit problems of the past few years there are several new finance options for such projects. We are assisting our clients in accessing these new sources of finance which has allowed them enter into projects where the finance costs or facilities are not a stumbling block.
We will assess whether your company requires an audit. There are several criteria a company must meet to qualify for audit exempt.
These criteria are:
- The company must be a company to which the Companies (Amendment) Act 1986 applies i.e. a Private Limited Company;
- The amount of turnover of the company must not exceed €8.8 million;
- The balance sheet total of the company is less than €4.4 million at the end of its financial year;
- The average number of employees must not exceed 50;
- The company must not be a parent company or a subsidiary company;
- The company must not come within one of 19 classes of companies listed in the Second Schedule to the 1999 Act;
- The company's annual return, to which the accounts for the financial year in question are attached, must be furnished to the CRO in compliance with section 127 Companies Act 1963;
- Furthermore, where an annual return to which accounts for the immediately preceding financial year was delivered to the CRO, that return must also have been filed on time. i.e. it must not be late in the previous year;
- the year in question must be the current year - section 32 provides that the directors must be of the opinion that the company "will satisfy" the conditions - use of the future tense precludes the decision being taken in respect of a year that has already ended.
- A company which satisfies the revised exemption threshold levels in a current financial year, the year in respect of which the audit exemption is being claimed, must also have satisfied those revised threshold levels in the preceding financial year.
If you do require an audit, Ryan & Crowley are members of Chartered Accountants Ireland. We have the expertise and qualifications to prepare audits and produce financial statements with the necessary audit report. The increase in compliance costs that arise due to an audit are not wasted. With our audit comes:
Business analysis
Due to the nature of audits we will have a better understanding of your business. With our experience in most sectors we can compare you performance to others in your industry and provide benchmarks and relevant performance indictors to show how well your business is running.
Control improvements
As part of the audit we will review the control environment in your company. We will be able to identify any weaknesses thereby saving you resources.
Process efficiency
The above will allow us to suggest improvements to your processes which in turn will reduce the costs, increase the profits and release more time for you to work on your business and not in it.
Personal & Corporate Tax
We aim to get the information for tax returns as soon as possible allowing us and the client to plan for the payment of the taxes due.
Tax & Estate Planning
With our extensive experience in tax planning we can structure companies and estates that will leave the owners/beneficiaries in the best position while remaining tax compliant at all times. We also help clients with unefficient and non compliant strategies and turned them around.
Wealth Management
We provide high net worth individuals and families with estate planning, asset management and investment management, with the goal of sustaining and growing long-term wealth.
Corporate restructuring
We have the experience and expertise to restructure and organisation that best suits the needs of the company and owners
Litigation Support
We provide expert opinion & provide a full range of litigation support functions. Experience is essential in these challenging situations.
Financial Planning & Business Strategy
In conjunction with the projections and cashflow we provide more strategic planning on a longer term basis. Establising goals and creating the systems required to reach those targets.
Investment Appraisal
With our indepth knowledge of industries and large network of clients we can provide tailored appraisals of proposed investment to allowing our client to make the appropriate decision for them.
Funding Applications & Solutions
Our aim is to help our clients get the best method of funding for their individual circumstances, we will take them through the whole process in a straightforward manner.
Change of Ownership
Whether it be the appointment or removal of a new shareholder or partner or even a succession we will look at all possible methods and come up with the most cost and tax efficient way for both the owner and the company.
Forensic Accounting
We perform a thorough investigation and quantify the loss suffered and provide impartial opinion to the legal profession or client as required.
We are always happy to help. |
We create custom business to business strategies. |
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