Register With Revenue
Starting a new business can be both an exciting and daunting experience. Navigating the complexities of business registration and compliance with the Revenue Commissioners are all steps which need to be undertaken when establishing a successful enterprise. At OCMC Accountants in Dublin, we specialise in assisting new business startups across Ireland to register with the Revenue, ensuring a smooth and efficient process that allows you to focus on your core operations.
Expertise in Business Registration
Our accountants possess in-depth knowledge of the registration process, helping you to complete the necessary paperwork accurately and promptly. We ensure that you understand all requirements, including:
Selecting the appropriate business structure:
Whether you're opting for a sole trader, partnership, or limited company, we guide you through the implications of each choice, ensuring that you select the best structure for your goals.
Filing the appropriate forms:
The registration process requires various forms to be completed, and we assist you in accurately filling these out. This not only saves you time but also minimises the risk of errors that could delay your registration.
Obtaining your Tax Identification Number (TIN):
Our team ensures that you receive your TIN swiftly, allowing you to commence business operations without unnecessary delays.
Business Advisory Services
OCMC Accountants provides a comprehensive range of advisory services designed to support your business at every stage. Our experts offer insights into crucial areas, including:
Business Planning:
We work closely with you to develop a robust business plan that outlines your objectives, market analysis, financial forecasts, and operational strategies. A well-structured business plan is essential for securing funding and guiding your startup towards success.
Financial Projections:
Our team assists in creating detailed financial projections that outline your expected income, expenses, and cash flow. These projections not only help you manage your finances effectively but also serve as critical tools for attracting investors or lenders.
Funding Options:
Understanding the various funding options available is vital for any new business. We provide guidance on grants, loans, and investment opportunities tailored to your industry and business model.
Ongoing Support for Compliance and Taxation
Once your business is registered, ongoing compliance with tax regulations is neccesary. OCMC Accountants offers continuous support to ensure you meet all your obligations:
VAT Registration:
If your business turnover exceeds the VAT threshold, we facilitate your VAT registration, ensuring compliance with Revenue requirements.
Corporation Tax Returns:
Our team prepares and submits your corporation tax returns accurately and on time, helping you avoid penalties and fines.
Payroll Services:
As your business grows, managing payroll becomes increasingly complex. We provide comprehensive payroll services that ensure compliance with Revenue regulations, helping you to maintain employee satisfaction and avoid costly errors.
Tax Reliefs and Incentives
Ireland offers a variety of tax reliefs and incentives designed to support startups and promote innovation. At OCMC Accountants, we are well-versed in these opportunities, ensuring that you can take full advantage of them. Key incentives include:
Startup Reliefs:
Certain tax reliefs are available specifically for new businesses, including the Startup Relief for Entrepreneurs (SURE), which provides tax relief on investments made in new companies.
Research and Development (R&D) Tax Credits:
If your business is involved in R&D activities, you may be eligible for generous tax credits that can significantly reduce your corporation tax liability.
Capital Gains Tax (CGT) Relief:
Entrepreneurs can benefit from CGT relief when selling shares in their startup, allowing them to reinvest profits into new ventures.
OCMC Accountants in Dublin is here to support you every step of the way. Contact us today to learn more about how we can help your startup thrive in Ireland’s competitive landscape. With our expertise, you can focus on what you do best while we handle the complexities of registration and compliance.
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What services does OCMC Accountants offer related to state pensions?At OCMC Accountants, we provide a range of services including state pension eligibility assessments, pension forecasting, advice on pension contributions and retirement planning. We also assist businesses with pension compliance and employee pension schemes.
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Do I have to be based in Dublin to use OCMC Accountants' services?No, while OCMC Accountants is based in Dublin, we offer our services nationwide. We use phone consultations, video conferencing, and secure online document sharing to provide our services to clients across Ireland.
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How do I know if I am eligible for the state pension?Our team can help you determine your state pension eligibility by reviewing your contribution history and current circumstances. We ensure that you understand whether you qualify for the pension and what actions you might need to take to become eligible.
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What is pension forecasting, and why is it important?Pension forecasting is a service that helps you estimate how much you will receive from your state pension upon retirement. It’s essential because it enables you to plan effectively for your financial future, ensuring that your retirement income will meet your needs.
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Can OCMC Accountants help me decide the best age to retire?Yes, we provide expert advice on choosing the most beneficial retirement age based on your unique financial situation. We take into account your pension entitlements, contributions, and other financial factors to help you make an informed decision.