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Financial Statements for Second and Subsequent B1 Annual Return to CRO

Welcome to Chern & Co , your comprehensive solution for Financial Statement preparation and submission to the Companies Registration Office (CRO) in Ireland. Our services are tailored to ensure your business complies with all regulatory requirements, whether you are a small enterprise or a large corporation.

Who is this Service for?

Financial Statements are the mandatory document which every company should submit to CRO along with the Annual Return.

Companies with audit exemption may submit unaudited statements, while larger companies or those failing to submit Annual Return to CRO on time must submit audited statements.
It is important to start the preparations immediately after the end of the financial year. That means starting to collect and save all the necessary commercial documentation that the accountant team would request.

What You Get When Opt for Financial Statements Preparation for Second and Subsequent B1 Annual Return to CRO:

B1 Annual Return Filing: Efficient filing of your Annual Return to CRO, including a €20 CRO fee.
Customised Financial Statements: Preparation of financial statements starting at €450, with pricing varying based on the complexity and number of transactions.
Financial Documentation Management and comprehensive documentation support: Assistance in gathering and organising necessary financial documents, including income and expense records, bank statements, asset and liability information, payroll records, tax documentation
Audit Exemption and Audited Statement Assistance: Expertise in handling both unaudited statements for companies with audit exemptions and audited statements for larger companies or those late in submitting their Annual Return.
Additional Services: Additionally, you can opt for assistance with depreciation schedules, legal and compliance documents, notifications of business activity changes, and miscellaneous document management.

Why Choose Chern & Co

Expertise: Our team of seasoned accountants specialises in adhering to and navigating Irish financial regulations, ensuring meticulous compliance and accuracy.
Timeliness: We emphasise the importance of starting preparations early. We start immediately as per request or 1-2 months before the due date.
Persolase approach: Services are tailored to your company’s specific needs, from simple to complex financial scenarios.
Transparency: Clear breakdown of costs with no hidden fees, ensuring you understand every aspect of the billing.

How to Get Started?

To facilitate the smooth completion of your financial statements, kindly provide the outlined documentation at your earliest convenience.

Detailed records of all income sources.
Comprehensive breakdown of business expenses.
Copies of all relevant bank statements for the financial year.
Documentation related to assets, such as property, investments, or equipment.
Details on any outstanding loans or liabilities.
Records of employee salaries, taxes, and other related payroll information.
Relevant tax filings and documentation.
Any correspondence with tax authorities.
Information on asset depreciation, if applicable.
Any legal agreements or contracts relevant to the financial statements.
Compliance-related documents.
Notification of any significant changes in business operations during the fiscal year.
Any other documents that may be pertinent to the financial statements.
Please identify all the transactions with related parties.

Timely provision of these materials will greatly assist in the efficient and accurate completion of your financial statements.

How Much Does it Cost to Prepare Financial Statements for Second and Subsequent B1 Annual Return to CRO

The cost of financial statements preparation starts at 450 EUR and may and may increase depending on the amount or volume of primary documentation involved. for the reporting period. Details are provided below:

For companies with zero transactions during the reporting period: €450
Micro & Small Business: Up to 50 transactions per month – €550
Medium-Sized Business: Up to 150 transactions per month – €750
Intermediate-Sized Business: Up to 500 transactions per month – €1000
Large Business: Over 500 transactions per month – Cost determined based on the specific case.

Please note all prices are subject to an additional 23% VAT.

Disclaimer: The content of this page is for acquainting purposes only and is subject to change. It does not constitute any professional advice. No liability is accepted by Chern & Co for any actions taken or not taken in reliance on the information set out in this article. Professional, legal or tax advice should be obtained before taking or refraining from any action.

Why Choose Chern & Co?

Safe & Trustworthy

All payments are encrypted and handled via trusted providers. Your corporate data is processed securely and confidentially.

Flexible Payments

Visa, Mastercard, Crypto, American Express, PayPal, Apple Pay. Clear invoices and instant receipts for every order.

Leading Authorised Agent

Certified CRO agent with deep expertise in Irish company law and non‑resident formations.

Transparent Terms

Clear online terms & conditions, fixed prices, and no hidden fees across all services.

Dedicated Support

Guided registration for EU and non‑EU residents with responsive, expert assistance.

FAQ Section

Do I need to be physically present in Ireland to set up a company?

No, physical presence is not required. You can register a private company limited by shares or a company limited by guarantee entirely remotely, with all documents signed digitally and couriered where necessary.

How long does it take to register a company in Ireland?

The process typically takes 7–10 working days after completing AML/KYC checks and preparing your documentation. Timelines may vary depending on CRO processing times and additional registrations, such as intra-EU VAT registration.

What payment methods are accepted for company registration?

We accept bank transfers, major credit/debit cards, crypto payments, and selected online payment systems. All fees must be paid in advance before we start the incorporation and standard business occupation registration process.

Can I set up a business in Ireland from abroad?

Yes. Many of our clients are non-residents. We handle the full process remotely, including providing a registered Irish address, company secretary services, and nominee director options for compliance with Irish law.

Can I register a company without an Irish address?

No, every Irish company must have a registered office in Ireland. Our Prime Business Formation Package includes a compliant Irish address service for official correspondence and CRO filings.

What is the Prime Business Formation Package?

It’s our all-in-one service for non-residents. It covers incorporation, registered office, company secretary, nominee director (if needed), RBO filing, tax registrations, and support with intra-EU VAT registration.

What documentation do I need to incorporate a company in Ireland?

You’ll need passport copies and proof of address for all directors, shareholders, and beneficial owners. Additional documents may be required for specific activities or if you plan an intra-EU VAT registration.

What are the benefits of starting a business in Ireland?

Ireland offers a 12.5% corporate tax rate, EU market access, strong international reputation, and straightforward compliance procedures. We also assist with company strike-off if you later decide to close your business.

What types of companies can I register in Ireland?

Most clients choose a private company limited by shares, but we also assist with company limited by guarantee and other structures depending on your goals and business occupation type.

Regulatory Disclosure

Chern & Co Ltd is a licensed Trust and Company Service Provider (TCSP) in Ireland, authorised and supervised by the Department of Justice.

Our official registration reference is TCSP APP/1211/2018, and we are listed in the public TCSP register maintained by the Irish Anti-Money Laundering Compliance Unit.

Compliance • AML • TCSP

See what our clients say:

Dennis Hoffmann
Ad.run

“Outstanding service!
Extremely professional, fast and friendly.
Would recommend them at any time!”

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Photography

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“Excellent service, very fast and responsible team, highly recommended! Registered my company just in few days with no problems”

Danil Sonin
Amazon Seller

“Great service. Recommending.
I met Alex at a conference.
I am fully satisfied with our cooperation”

Hichem North
Entrepreneur, Surfer

“This company is one of the best in the EU. They know what they are doing and they communicate with you effectively so that they understand your needs”

LTD Companies and Partnerships For Overseas Residents

Not in the Ireland? We offer a wide range of international packages

Chern & Co team offers Registered Office Address, Business Address, Company Secretary, Nominee Director, Nominee Shareholder and other professional services to international customers who need to set up a branch or present in the European Union.