Outsourced Company Secretarial
The outsourced company secretarial service allows you to outsource your company formations to our team of chartered company secretaries at OmniPro, so you can be confident of a high-quality, cost-effective and timely service, delivered by people who understand company law.
Annual Compliance
Outsourcing Your Client’s Annual Compliance Obligations
Ensuring that clients meet their statutory annual compliance obligations takes up much – some would say too much – of an accountant’s time. You must ensure that they file their statutory financial statements and annual return to the Companies Registration Office, by their due dates every calendar year; hold an AGM within prescribed timelines and maintain proper books and records, such as statutory registers and minutes of all director and shareholder meetings.
Unfortunately, this isn’t the most exciting or rewarding work for an accountant, and it can seriously eat into the hours that could be more profitably spent helping your clients to grow their business.
But at the same time, it is important. The consequences of persistent late filing may include prosecution of the company and/or its directors, and/or the involuntary strike-off and dissolution of the company.
Even a single annual return filed late is likely to result in penalties and loss of audit exemption for your client. This is something that you will want to avoid, as auditing small and micro entities can be particularly challenging, and if your client is reluctant to pay, you may be left facing the financial burden of the audit. Therefore, if you do opt to outsource your annual compliance work, you will want to be sure to place it with a safe pair of hands.
To free up your time by outsourcing your clients’ annual compliance obligations to OmniPro, email us or call us today on 053-9100000. We look forward to working with your practice.
How We Can Help
OmniPro’s team of chartered company secretaries and accountants have a detailed understanding of corporate law, having invested thousands of hours getting to grips with the intricacies of the new Companies Act 2014 and Companies (Accounting) Act 2017.
We have developed the expertise and processes to efficiently and cost effectively take care of your clients’ statutory annual compliance requirements, including filing annual returns and AGM documentation; maintaining minute books and the seven statutory registers; filing corporation tax returns and, when required, making VAT returns.
Our professional services will ensure that your clients are compliant with ODCE and CRO requirements – and their own company constitution – while freeing you to focus on higher value-added work.
Our Annual Compliance Service - In Detail
Annual General Meeting
- Review of the Constitution of each company to establish current provisions for holding directors’ meetings and general meetings
- Preparation of the following documentation in relation to the approval and signing of the statutory financial statements and the Annual General Meeting for each company:
- Minutes of a meeting of directors
- Notice of an Annual General Meeting
- Consent of the members and the auditors to holding the meeting at short notice (where applicable)
- Proxy forms for each member
- Minutes of an Annual General Meeting
- Alternatively, OmniPro can prepare a written resolution in lieu of a general meeting if appropriate.
Annual Return
- Preparation of the following documentation in relation to the Annual Return for each company:
- Statutory B1 Annual Return
- A certificate to be annexed to the financial statements (where applicable)
- Filing the Annual Return electronically with the Companies Registration Office
- Filing the financial statements with the Companies Registration Office
Annual Compliance
- Maintaining and updating the Company Register for each company, including
- Register of Directors and Secretaries
- Register of Members
- Register of Allotments
- Register of Transfers
- Register of Charges and Debentures
- Register of Directors and Secretaries interests in securities
- Register of Directors and Secretaries interests in contracts
- Registering OmniPro Corporate Consultants Limited as electronic filing agent for each company and filing the statutory form B77 at the Companies Registration Office.
- Reviewing the Annual Return Date (ARD) to ensure each company has the optimum ARD.
- Reviewing the Constitution of the company to ensure it is compliant with the Companies Acts.
- Correspondence with the Companies Registration Office, Revenue, client etc.