Accounting Services for Sole Traders  Monaghan

Here are some key characteristics of a sole trader:

• Ownership and Control: A sole trader has complete control over all business decisions and operations.
• Limited Liability: Unlike some other structures (corporations), the owner’s personal assets are not necessarily shielded from business liabilities. If the business owes money, creditors can go after the owner’s personal possessions like their car or house to recover the debt.
• Taxation: Sole traders report their business income and expenses on their personal tax return.

Simplicity and Low Costs: Setting up a sole trader business is generally very simple and requires minimal formalities or fees.

Focus on Your Business, We’ll Handle the Numbers:

Our team of qualified Chartered Accountants and AITI Chartered Tax Advisers (CTA) provides the expertise and support you need to thrive. Here’s how we can help:

Streamlined Accounting and Bookkeeping:

Don’t let bookkeeping chores bog you down. We’ll handle your day-to-day financial transactions, ensuring accurate and up-to-date records. It enables you to concentrate on what is most important: operating and developing your business. 

Expert Tax Planning and Compliance:

Irish tax regulations can be complex. We take the burden off your shoulders. We’ll ensure you comply with all relevant tax requirements while proactively seeking opportunities to minimise your tax liabilities. Our local knowledge of Monaghan and surrounding areas can be particularly advantageous when navigating tax implications.

Business Formation & Advisory – Starting Strong:

Thinking of starting a new venture? We’ll guide you through the entire business formation process, from selecting the right business structure to completing the incorporation process. We can help you set a solid foundation for success from the very beginning.

Efficient Payroll Management:

Managing payroll can be a time-consuming task. We’ll handle all aspects of payroll processing, ensuring your employees are paid accurately and on time, and that you comply with current Irish payroll legislation. This frees up your valuable time and minimises the risk of errors.

Strategic Management Consulting:

Do you want to bring your company to a higher level? Our experienced team can provide valuable insights and strategic advice tailored to your specific goals. We can help you optimise operations, streamline processes, and achieve sustainable growth.

Benefits of Partnering with O’Doherty Agnew & Co Ltd:

• Local Expertise: We understand the business landscape in Monaghan and surrounding areas, ensuring your accounting and tax strategies are tailored to your local environment.
• Peace of Mind: Our team of qualified professionals ensures your financial records and tax filings are accurate and compliant, giving you peace of mind.
• Time Efficiency: Concentrate on what you do best: operating your business. We’ll handle the back-office tasks, freeing up your valuable time.
• Cost-Effective Solutions: We offer competitive rates and flexible service packages to suit your specific needs and budget.

Let Us Be Your Trusted Partner for Success

At O’Doherty Agnew & Co Ltd, we’re passionate about empowering sole traders in Monaghan to achieve their business goals. Contact us today for a free consultation to discuss your specific needs and discover how our comprehensive accounting and tax services can help your sole proprietorship flourish.