It is crucial to get the right advice when starting up your own business. Whether you are planning to set up a limited/ unlimited company or to be self employed, we at BJK Accountants are trained to the highest standards to give you the best advice and help your business start off in the right direction and develop into successful business.

 We will provide you with information on the steps involved in starting a business, availability of grants for feasibility studies, provision of financial support for the establishment of new businesses or expansion of existing ones.

If you are thinking of whether to set up a limited company or to trade as a sole trader we will help you make the right decision.

We at BJK Accountants will provide you with professional cloud based bookkeeping packages and services that are tailor made to suit your business and assist you in every day running of the business.

More than ever Compliance has become a very important issue and we provide a timely and accurate bookkeeping service to ensure that you can concentrate on your core business while we deal with correspondences on your behalf.

We have great experience in dealing with Revenue Officers in Ireland, and the clients records that we have prepared have always proven to be very successful and received the high standard mark from the regulator.

One way of setting up your own business is through the formation of a company. A company is a legal form of business organisation that is a separate legal entity, and is distinct from those who run it.

Our company formation service will help you get set up in a speedy and efficient way and make sure that you are ready to trade as soon as possible. We will also advise you on the tax registration of the company and will complete relevant Revenue and Companies Registration Office forms on your behalf.

When deciding what type of company to form, we will tell you about the different types of company there are and advise you which one would suit your business best.

Company Law in Ireland imposes wide range of duties on every company, such as filing annual returns, circulating accounts and maintaining statutory registers. Failure to perform these duties can lead to criminal and heavy financial penalties. We at BJK Accountants will take the worry away from you by providing a comprehensive company secretarial service ensuring that your duties are carried out in accordance with Company Law.

Our expertise in this area is proven over the years and we will make sure that the secretarial returns are submitted to the Companies Registration Office on time to avoid late filing penalties as well as possible prosecution if the returns are late and loss of audit exemption status.

We will also be happy to assist you with the following:

• Company Formation;
• Appointment and removal of director/ secretary;
• Submission of Annual Return to Companies Registration Office;
• Business Name Registration;
• Change of business address;
• Share issues and transfers;
• Maintenance of statutory books and registers;
• Provision of Registered Office;
• Dealing with the strike-off procedures.

Constantly changing tax and levy rates as well as changes in Employment Law put more and more pressure on any employer in everyday running of the business. It is crucial to make sure that employees are receiving their full entitlements and our experience in dealing with the Workplace Relations WRC is a guarantee that you will receive the best advice possible.

Our outsourced payroll service bureau is second to none. We are using a computerised password protected payroll system, which allows to provide your employees with weekly, fortnightly or monthly payslips either in a printed format or electronically.

We will also provide you the following services:

• Register new employees with Revenue
• Obtain employee RPN from Revenue
• Advice on redundancy entitlements
• Complete and submit PAYE returns to Revenue
• Reminders about the dates when the payroll tax liabilities fall due
• Provide advice on Employment Contracts
• Provision of information on employee holiday entitlements.

One thing that everybody wants more than anything is not to pay tax. It is proven that Irish taxation system is one of the most complicated systems in the world. Different tax rates and always changing levies will give a headache to most people. We are here to take your worry away from you and give you peace of mind that you are paying as little tax as possible by utilising all the allowances available to you and your business.

We are experienced tax accountants who are regularly following all the tax changes and updates, so you do not have to, leaving you to concentrate on your business.

You can be assured that you will never miss a tax deadline again, as we will remind you well in advance when the next liability is due to be paid to Revenue. We will also advise you on the tax planning advantages to help improve your cash flow.

No more complicated tax forms to be completed and no more sleepless nights – we will take care of all that and will complete any tax return on your behalf.

Our team of experts will help you with the following taxes whether you are an individual, self employed, company or partnership:

• Income tax
• Corporation Tax
• Value Added Tax
• Capital Gains Tax
• Relevant Contracts Tax
• Capital Acquisition Tax
• Deposit Interest Retention Tax
• Stamp Duties
• Withholding Taxes
• PAYE, PRSI and Levies

We have helped our clients to obtain large tax refunds by closely working with Revenue Authorities on behalf of our clients and ensuring that all the available allowances are utilised.

One thing that everybody fears more than anything is a Revenue Audit. By choosing us as your agents, we guarantee that you will be prepared for this in advance and you will not face this fear on your own.

We have very extensive experience in dealing with Revenue Auditors and we have a proven track record that none of the audits for our clients have resulted in additional tax and penalties to be paid due to error of ours. We will advise you on the procedure of the audit and will draft a detailed plan how the audit should be handled.

Preparation and the right approach when it comes to dealing with Revenue Authorities is the only road to the success.

Financial Planning is the process of developing strategies to help you manage your financial affairs so you can build wealth, enjoy life and achieve financial security. As this may seem quite complicated process to many, we at BJK Accountants will be happy to translate this activity in more simple words and will ensure that you receive the best financial advice possible. Our expertise in this area will help you to make sure that you are fulfilling your life ambitions without having to worry about your finances.

In these uncertain times the financial planning process is a lot more important and it is therefore crucial that it is done correctly, as errors in projections and incorrect cost allocation may damage your business in the long run.

Our specially designed templates will ensure that your business receive accurate, complete and timely projections, which will help you to prepare for any uncertainties that may come your way.

Most important planning tool is a BUSINESS PLAN

A business plan is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals. As the business plan is the stepping stone for your business it is important to leave it to the professionals. A good business plan will ensure that your business can attract sufficient finance to turn your dreams into reality. It is a decision making tool and should contain all the information needed to decide whether or not to pursue a goal.

Financial institutions will use the business plan as the basis when determining whether the finance should be advanced to the entity or not.

Typical structure for a business plan for a start up venture is as follows:

• cover page and table of contents
• executive summary
• business description
• business environment analysis
• industry background
• competitive analysis
• market analysis
• marketing plan
• operations plan
• management summary
• financial plan
• attachments and milestones

Despite the fact that banks recently have increased the volume of documentation required to advance the finance, we have managed to help our clients to acquire additional funds from the financial institutions. We work closely with the banks on behalf of our clients and by preparing cash flow statements and projections ensure that the bank’s requirements are met successfully.