How Kalc Can Help You and Your Business

See How Our Range of Financial Services can Benefit your Business...

 

COVID-19 is creating fundamental shifts in how most of us operate and work. The pandemic has increased people's desire for more flexibility in where, when and how we work. By outsourcing your financial services, you can free up time to focus on what’s important, keeping business moving. 

We are here to help you with all your financial needs including: accounting, bookkeeping, taxation, payroll and business consultancy. 

Accounting services

Accurate bookkeeping and record keeping is essential for the smooth running of your business, but at Kalc Accounting, we recognise that a service needs to go beyond just providing numbers. Through the production of clear, up to date management accounts, we interpret the financial figures and can point to the core health points of your business. This offers a clear comparison against previous years and what to anticipate in the future. 

We know that every business is different and that one reporting structure does not fit all. To this end we work closely with you to create customised reports specific to your business, which highlight strong tendencies and weaker areas so that together, we can strategise and plan for the future and make the right decisions.

We provide the following accounting services:
  • Preparation and submission of the Financial Statements, Abridged Financial Statements for statutory audit exempt companies
  • Sole trader financial statements
  • Partnership financial statements
  • CRO filings (B1 return)
  • Accounts schedules
  • Management accounting
  • Setting up a nominal ledger
  • Accounts processing to trial balance 

 

Bookkeeping Services

Organising your accounts can be a tiresome and even a daunting task. Kalc Accounting offers a streamlined, accurate bookkeeping service which is tailored to the needs of your company and industry. With proactive advice on tax planning, savings and financial management, our dedicated account manager will assist you in organising your business finances, allowing you to spend more time growing it.

We will record all income, expenses and payroll information. Reconciling your bank/credit card statement and completing all bookkeeping. Finally, we will prepare your management reports, year-end accounts, profit & loss statement, balance sheet and any other financial reports to ensure compliance and meet business needs.

The Bookkeeping Checklist
  • Preparation of bank account and bank reconciliations
  • Petty cash/cash reconciliations
  • Inputting of sales and purchases invoices
  • Maintenance of creditors
  • Maintenance of debtors
  • Maintenance of fixed asset register
  • Maintenance of general ledger
  • PAYE/VAT/CT control account reconciliations
  • Provision of Profit and Loss Statement (on a monthly basis)
  • Departmental analysis of financial data where required
  • Provision of completed trial balance, profit and loss and control accounts
  • Accounts system set up for new business (cashflow/Sage/etc.)
  • Provision of cloud accounting software, initial setup, support and training.

 

Tax Management Services 

Missing tax deadlines is costly, worrisome and ultimately has a negative impact on your business. Kalc Accounting prepare and file tax and VAT returns for businesses of every size, ensuring that our clients are fully compliant, have their returns filed on time and have access to the most up to date tax advice possible

 

PAYE/Income Tax

We can assist in the daunting task of filing tax returns for all incomes, including rental income and shares etc. Acting as your tax agent, our experienced staff liaise with the Collector General to ensure that all tax allowances are received, reporting is accurate and any payment negotiations are conducted with minimum of fuss and with the best outcome for, you.

 

Corporation Tax

We work closely with our corporate and business clients to ensure tax compliancy and accurate record keeping. Timely filing of your company’s corporation tax returns is our priority in order to avoid a late filing surcharge and interest charges. Working together throughout the year, we make certain that your company’s taxes are correct and that you are fully tax compliant.

 

CGT/CAT

Capital Gains tax and Capital Acquisition Tax: To put it simply, Capital Gains Tax is charged on the capital gain or profit made on the disposal of an asset. Capital Acquisition Tax is tax charged on gifts or acquisitions. However, the legislation around CAT/CGT is not simple and it is always advisable to seek the advice of a taxation expert as there may be significant savings to be made. Accurate reporting of CAT/CGT is essential. We have the expertise and the know-how to advise on any relief which may apply, calculate any liability and keep full and accurate records.

 

RCT/ Relevant Contracts Tax

Our expert team are particularly skilled at the complicated and essential details of RCT, the specific tax rules for subcontractors working in the construction industry and how they should be paid by contractors. For Contractors, we can assist in registering, and verifying subcontractors and ensuring that correct payments are calculated within the remit of the scheme. We supply deduction statements for subcontractors and ensure that financial records of RTC are kept meticulously and filing monthly returns to avoid Revenue penalties. Subcontracts can also avail of our expertise in relation to RCT and we are pleased to register subcontractors with Revenue, keep accurate and timely records while ensuring that incoming payments have been calculated correctly. We prepare end of year assessments for subcontractors and keep abreast of all the changes to RCT, so our clients are stress free while navigating this particular aspect of taxation.

 

VAT

Vat returns are a time-consuming aspect of Irish business - incorrect filing and classification of items can cost more than just your valuable time. Fines, penalties and the possibility of a VAT inspection can be avoided with accurate and timely filing and assured compliance. We are experienced in preparing year-end VAT trading returns (RTD) and where applicable, we will prepare your INTRASTAT and VIES returns for your business.

 

Tax Advice

We offer tax planning and advice to all our clients ensuring that an effective tax strategy is part of the overall financial plan and business strategy for your company. 

 

Payroll Services 

 

Meeting your obligations as an employer may seem daunting, particularly when it comes to payroll, PAYE/PRSI and revenue requirements. The experienced team at Kalc accounting can look after this complex aspect of your business with accuracy, confidence and efficiency. Our comprehensive payroll service allows you to focus on the revenue generating activities of your business, safe in the knowledge that your payroll and all associated reporting, is up to date, confidential, meticulously compliant and on-time, every time.

 

We provide the following services:
  • Payroll is generated and paid, with payslips issued promptly and accurately, whether your payroll is monthly or weekly.
  • Calculating deductions, additions and extras: 
  • Processing any of the myriad of additions and deductions that can occur with a modern workforce prior to issuing payslips.
  • From Benefit in Kind to VHI payments, from sick pay to overtime and holiday pay, we can assist in all payroll associated calculations.  Navigating the tax credit system, Subscriptions and bike to work schemes are no problem to our Payroll team.
  • Real time reporting and ensure payroll is submitted in accordance to Revenue guidelines.
  • Our payroll professionals advise on ways to minimise tax liabilities and avail of any potential tax savings for both employer and employee.
  • With our integrated payroll accounting system, we can access and provide a range of historical Payroll reports as and when they may be needed.

 

Consultancy Services

Prospering in a volatile economy requires flexibility, leading edge business acumen and a reliable financial team. At Kalc accounting we have the expertise to provide professional guidance right through a business life cycle from company formation to mergers and acquisitions. Whether your business is just starting out, well established or closing its doors for the last time, we have the knowledge, the competence and strategic forward thinking to make the way smoother.

We advise on the following:
  • Preparation of strategic reviews and business plans.
  • Cost and cash-flow management.
  • Due diligence for mergers, acquisitions, disposals and MBO’s. 
  • Valuation of businesses or shareholdings.
  • Advising on Corporate Governance.
  • General commercial advice.

 

We can also assist you with in starting up, growing and closing down your business...

 

New Business

Business Start-ups and the associate financial commitments and organisation can be intimidating.  Our experienced team can assist your business with no nonsense practical guidance, with business skills coaching and with financial structuring for cash flow and profit projection. We are forward thinking, adaptable and excellent at what we do. 

 

Kalc offers the following services to new businesses:
  • Structuring your business.
  • Establishing business strategies and monitoring your business.
  • Advising on your taxation obligations.
  • Preparing financial viability assessments.
  • Guiding you on ways to manage your business’s financial risk.
  • Preparing budgeting, cash flow and profit projections.
  • Suggesting proven methods for Managing and modelling cash flow.
  • Providing expert Business skills Coaching
  • Advising on the optimum way to manage your working capital.
  • Assist you in meeting all your accounting obligations.
  • Preparing financial statements and taxation returns.

 

Growing your Business

Taking the time to partner with us for a full business review and identifying areas for change, making appropriate planning and analysing current market trends in relation to your finances, is an invaluable exercise.  

 

We offer the following assistance in identifying opportunities for growth by:
  • Comprehensively reviewing your business operations.
  • Formulating action plans and managing change.
  • Identifying opportunities for growth to enhance your financial performance.
  • Effectively managing your business’s financial risk.
  • Providing strategic planning.
  • Managing costs and expenses.
  • Preparing business and management reports.
  • Setting up accounting systems and software.
  • Providing corporate secretarial services.
  • Marketing your business.

 

Closing Down or Selling your Business

Let us assist you in selling on or closing the door on your business in a clear, efficient and hassle-free manner. Our experienced team can advise on all the financial practicalities and legal logistics of this major business change while ensuring the optimum outcome for you, our valued client.   

 

We provide the following services:
  • Assistance for planning for succession and transition.
  • Preparing business valuations.
  • Managing due diligence 
  • Preparing your business for sale.
  • Providing merger and acquisition advice.
  • Providing purchasing advice.
  • Advising on corporate governance.

 

Let us Help your Business Succeed.
Contact us for more information or to get started on your journey to better business.