We provide comprehensive accounting, statutory audit, taxation (corporation, income tax, CGT, CAT), payroll & auto-enrolment, Relevant Contracts Tax (RCT) for construction, and family business succession planning.

Yes. Unlike larger corporate practices that pass work to junior staff or offshore teams, our practice guarantees direct, ongoing access to experienced senior partners.

Our practice is based at 2 Liosban House, Liosban Industrial Estate, Tuam Road, Galway (H91 PT9K), serving clients across Galway and nationwide.

Switching to us is straightforward. We handle the communication with your previous accountant, request all necessary professional clearance documents, and seamlessly transfer your files without disrupting your daily operations.

You are required to register for VAT in Ireland if your turnover exceeds or is likely to exceed the statutory 12-month thresholds:

• €42,500 for the supply of services.
• €85,000 for the supply of goods (products).

VAT registration is submitted electronically through Revenue Online Service (ROS). We strongly advise consulting with us prior to registering, as selecting the correct VAT accounting basis (cash vs. invoice) can significantly impact your cash flow.

Trading through a private limited company (LTD) offers several commercial and tax benefits:

• Corporation Tax Rate: Ireland’s competitive 12.5% trading tax rate compares favorably against personal income tax rates (up to 52% including Universal Social Charge and PRSI).
• Limited Liability: The company is a separate legal entity, protecting your personal assets from business debts.
• Executive Pensions: Greater scope for tax-efficient director pension contributions directly from company revenue.
• Tax Reliefs: Access to schemes such as Section 486A Corporation Tax Relief for new start-ups and the Start-Up Relief for Entrepreneurs (SURE) scheme.

Note: Operating a limited company involves additional statutory duties, including preparing annual financial statements for public filing with the Companies Registration Office (CRO).

To achieve the best possible valuation and ensure a seamless transaction, early strategic planning is essential:

• Early Preparation: Streamline expenditure and remove non-core or personal assets from the balance sheet well in advance.
• Robust Financial Controls: Maintain accurate, up-to-date accounting records and management reports to build buyer confidence.
• Diversify Client Concentration: Ensure your revenue isn’t dependent on a single client, securing long-term contracts where possible.
• Realistic Forecasts: Present supportable financial projections to demonstrate underlying future cash flow potential.

Hoare Chartered Accountants provides comprehensive advisory on Mergers & Acquisitions (M&A), guiding you through valuation, due diligence, and tax-efficient deal structuring (such as Entrepreneur Relief).

Outsourcing your finance function provides access to senior expertise without the overhead costs of maintaining an internal accounts department:

• Cost Efficiency: Eliminate recruitment, internal staff training, and specialized software licensing expenses.
• Operational Focus: Frees up business owners to focus on key operations and business growth.
• Real-Time Insights: Gain access to accurate management accounts, secure cloud accounting platforms, and ongoing partner-level analysis.
• Compliance Guarantee: Full compliance with real-time Revenue obligations, including PAYE Modernisation and Automatic Enrolment.

No, switching to Hoare Chartered Accountants is a smooth and simple process. Once you decide to make the move, we handle all professional clearance communications with your outgoing accountant, arrange the transfer of your accounting and tax records, and register as your tax agent with Revenue—ensuring zero disruption to your business.