A fear many directors and presenters have is missing the Annual Return Date (“ARD”) for a company. This is because the penalties are severe particularly for SME companies.
Posts Tagged: Filing
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.
Companies miss the annual return filing deadline for various and legitimate reasons and the penalty for missing the filing deadline even by one day is very severe! A company that files late must will lose audit exemption for the following two financial years. This can have a significant impact on the viability of an SME company.
After a number of significant proposals in the committee stages, the Companies (Statutory Audits) Act 2018 has not changed the ability of companies who are late in filing an annual return to apply to the District Court to retain the audit exemption and avoid paying late filing penalties. When the Bill was introduced, it was
CRO got a reaction they were probably hoping for when they sent out their email on 12th October 2017 announcing “CRIMINAL PROSECUTIONS HAVE BEEN COMMENCED “. A lot of directors and presenters started asking “what was the chances of them or their companies being prosecuted by the CRO?” Even the title of the email was
The introduction of mandatory electronic filing forced all presenters and companies to electronically file annual returns. Most people have had experience in electronic filing but like any process there are challenges and issued to be aware of. This article will attempt to highlight some of the important areas to consider in advance of the deadline
We finally have clarity on what the definition of a designated unlimited company and what private unlimited companies (“ULC”) will have to file financial statements with the Companies Registration Office. The new definition is bad news for many unlimited companies that were previously exempt from filing financial statements. The new definition applies to financial years