LEADING CROSS BORDER ACCOUNTANTS IN NORTHWEST
PROMPT SERVICE. ACCESS TO AN EXPERT TEAM
ACCOUNTS, AUDITS, BOOKKEEPING & COMPANY SECRETARIAL
At MLMG, we are not just your accountant or tax advisor, we aim to be your business partners.
Our accounting team has the decades of experience required in order to ensure a complete overview of your business and accounts. We ensure we understand what your business is about and how it works on a day to day basis. Our goal is to help your business grow.
Strategic Accounting Service
At mlmg we offer all of the services you would expect from an experienced accountancy practice but we also offer a Strategic Accounting service.
We can help you with every aspect of your financial accounting and strategic planning, ensuring that your financial management is robust and ready for growth.
Click here for more information on our Strategic Accountancy service.
When a company is required to have their accounts audited, for either statutory or regulatory reasons, the two biggest factors are usually cost and a lack of understanding of what an audit actually is. An auditor is an independent person who assesses a company’s financial statements. The auditor’s job is to provide reasonable assurance that the accounts are free of material misstatements.
It is important to note that not all accountants are registered auditors. MLMG are approved registered auditors. Our qualified and experienced team provide a high quality, cost effective audit service, while offering guidance to clients on their accounting and regulatory requirements.
We provide year-end business accounting services for start-ups and small and medium sized businesses, be they sole trades, partnerships or companies. From farming to hospitality, engineering to retail, professional services to construction, software to manufacturing, we have worked with clients across most sectors. Our team are qualified and experienced and we ensure that all financial accounts are produced to the latest professional standards.
Time is precious when you are managing a business day to day and we understand that. With extensive experience of manual and computerised book-keeping systems, we can help set-up and maintain your accounting and bookkeeping system allowing you more to manage your business. Our team can help you to reduce your year-end accountancy effort and make revenue inspections much less of a worry by making sure your bookkeeping properly reflects the business’ transactions.
We work with a range of business accounting and bookkeeping software providers. Whether you want to process your accounts online fully or partially, we can advise you on the best software package for you. We provide full training, setup and integration of major small business software such as SAGE and Quickbooks online as well as advice on appropriate applications which would benefit your business, saving you time and resources.
All businesses can benefit from quality information on which to base decisions, but only a few can afford a dedicated finance function. We can prepare your management accounts on a monthly or quarterly basis in an efficient and cost-effective manner, allowing you to track how your business is performing, identify strengths and weaknesses and make real-time changes.
We can design and implement systems so that you can produce management accounts on an ongoing basis. If you are unfamiliar with accounting, we can also help you to understand and get the best out of the process.
We have extensive experience with the Irish, UK and cross border VAT. We offer a complete outsourced VAT service from registration and choice of scheme, to VAT return preparation and submission, technical expertise, and where necessary attending and supporting you at Revenue/HMRC inspections and audits.
Alternatively, if you prefer to manage your VAT in-house, we can provide a VAT backup service, giving advice, support, training and expert support as required.
At MLMG we offer a comprehensive service for Irish and UK payroll. This includes Irish & UK registration, weekly/monthly payroll processing, pay-slips, administration and compliance in respect of PAYE/PRSI/NI, starters and leavers, CWPS and pensions, as well as attending and supporting you at Revenue/HMRC inspections and audits.
Alternatively, if you prefer to manage your payroll in-house, we can provide a payroll backup service, giving advice, support and training as required. We are familiar with all the major payroll systems including the increasingly popular cloud and payroll online systems.
Income Tax Returns
If you are in receipt of income from sources that are not taxed under the PAYE system, then you will need to complete and file a self-assessment income tax return. Examples include trading/contracting as sole trade or partnerships, landlords, those in receipt of investment income, those in receipt of overseas income, company directors, members of employee share schemes etc.
Filing income tax returns can be a confusing and time consuming process. We have extensive experience in preparing and filing income tax returns in both ROI and UK, as well as dealing with cross border workers and non-resident landlords. As the name implies, under self-assessment, the onus is on the taxpayer to ensure that they are compliant, so it’s important to take the appropriate advice and get it right. Failure to do so could result in expensive penalties and interest.
Our aim is simple – ensure that you are compliant with your personal Tax return whilst claiming all relevant reliefs and allowances to minimise your tax liability.
If you receive rental income from properties or holiday homes at home or abroad, then you must declare these properties and file an income tax return. This applies to former private residences and to those who may have become “accidental landlords” through changes in circumstances. If you have overseas rental properties then the likelihood is that you will have tax filing obligations in those countries as well the requirement to file at home. The onus is on you the taxpayer to ensure you make the appropriate returns.
We have a wealth of experience in filing tax returns in RoI and the UK for both resident and non-resident landlords.
We can help you with this process, ensuring you are tax compliant, claim all the deductions and reliefs available, and minimise your exposure to tax.
We provide a full company secretarial service including company formation, annual returns, lodging of annual accounts, changes to directors, secretaries and registered offices, as well as share allotments, transfers, company strike-offs and restorations. We are a border based practice, approved as Brexit advisory partners with InterTrade Ireland, and offer these services in respect of both RoI and UK incorporated companies.
Registered Office Service
Companies registered in the Republic of Ireland are legally obliged to have their registered office located within the state. We offer an Irish registered office address service for RoI companies. This service is ideal for overseas clients who do not have a physical presence or a place of business in Ireland.
Similarly UK incorporated companies must have their registered office in the UK. We have an arrangement with a partner in Northern Ireland offering a similar registered office address service for UK companies.
Selecting an Accountant
In Ireland and the UK the term accountant has no legal protection. When searching for an accountant you should always check that they:
- have the necessary qualifications, skills and experience to handle your enquiry;
- have PI insurance should something go wrong; and
- are regulated – regulation gives assurance of structure and oversight.
In Ireland, the professional accountancy qualification landscape is dominated by four main accountancy bodies: Association of Chartered Certified Accountants (ACCA), Chartered Accountants Ireland, Chartered Institute of Management Accountants (CIMA) and the Institute of Certified Public Accountants (CPA). These bodies cover 97% of all members and 99.7% of all students of professional accountancy bodies in Ireland.
MLMG is an ACCA practice.