My Business Can't Pay Its Debts: What Are My Options in Ireland?
If your Irish business is struggling to meet its financial obligations, you have more options than you may realise. Here is a plain-English guide to the choices...
Statutory accounts preparation, management accounts, and licensed audit services for businesses of all sizes across County Louth.
If your business needs accurate, compliant financial statements, you need a chartered accountant who understands both the technical requirements and the practical reality of running a business in Ireland. Late filings mean penalties, lost audit exemptions, and unnecessary stress. Getting it right from the start saves you time and money.
At Malone & Co., we prepare statutory accounts for businesses of all sizes across County Louth. Whether you are a sole trader with straightforward records or a limited company requiring a full statutory audit, we deliver accurate financial statements on time, every time.
Talk to Paddy about accounting & audit -- free initial consultation.
Paddy Malone is a licensed registered auditor with over thirty-five years of experience in practice. He trained with Arthur Andersen and brings that level of rigour and precision to every set of accounts we prepare. You are not getting a junior or a trainee -- you are getting the principal of the firm.
We prepare annual statutory accounts for filing with the CRO and Revenue, ensuring your company meets all of its legal obligations. Our accounts preparation process is thorough: we review your bookkeeping records, identify any issues, and produce financial statements that give you a clear picture of how your business is performing.
For companies that require a statutory audit, we carry out the full audit engagement in-house. Paddy holds his audit licence with Chartered Accountants Ireland and is authorised to sign off on audit reports. For companies that qualify for audit exemption, we handle the exemption filing and make sure you retain that valuable status.
Many of our clients also benefit from regular management accounts -- quarterly or monthly financial reports that help you track profitability, cash flow, and key business metrics throughout the year. These are not a luxury; they are a tool for making better decisions and avoiding year-end surprises.
We work with businesses across all sectors, from retail and hospitality to construction and professional services. Whatever your industry, we understand the specific accounting requirements that apply and deliver a service that is both technically excellent and practically useful.
Paddy has looked after our accounts for over fifteen years. He is always available when we need him and nothing is ever too much trouble. He genuinely cares about our business doing well.
Michael
Dundalk · Accounting
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Common questions about accounting & audit in Dundalk
Accounts preparation means compiling your financial statements. An audit is an independent examination of those statements to verify they give a true and fair view. Not all companies need an audit, but if yours does, Paddy is a licensed registered auditor who can carry it out.
Most small companies in Ireland qualify for audit exemption if they meet two of three criteria: turnover under 12 million euro, balance sheet under 6 million euro, and fewer than 50 employees. We can tell you whether your company qualifies and handle the exemption filing.
Your accounts must be filed with the CRO within nine months of your financial year end. If you miss this deadline, you lose your audit exemption for two years and face late filing penalties. We track all deadlines and file on time, every time.
You need to keep all sales invoices, purchase receipts, bank statements, payroll records, and asset purchase documentation. We recommend keeping records for at least six years. We can set you up with a simple bookkeeping system that makes year-end straightforward.
Yes. Many of our clients receive quarterly or monthly management accounts so they can track profitability, cash flow, and key metrics throughout the year. This helps you make better decisions and avoids year-end surprises.
Your first consultation is free and without obligation. Fill in the form below or call us on 042 933 6744.