B1 second return, accounts question

underpaid

Hi there,

I have just filled my second B1 return online claiming the audit exemption, rang the help line and they informed me that I must submit a set of accounts aswell as the payment and signature page within 28 days, she pointed me to a sample on information leaflet 10 on the core website but to be honest I dont think I can fill anything out on it, the company has no assets of any kind etc. and the only thing I have to show is a few jobs being carried out (Ber's) and money being lodged to pay a small loan we got from the bank, never taken any money out of it for ourselves, business is partime thankfully.

Does any one have a sample or template which I can insert my few figures on for my second return?

Thanks in advance.

J.Ryan

By law you have to prepare a set of accounts to lay before the members at the AGM, regardless of whether or not you have claimed the audit exemption.

The accounts have to be made up to a date not more than nine months before the ARD of the company (ie a 31 December year end for Ard's before 30 September).

You didn't ask, but you will also have to prepare a CT1 for the Revenue Commissioners.

Assuming you are a proprietary director, you will also be obliged to file an Income Tax returrn for 2009 (possibly 2008 depending on dates).

I would advise you to contact an accounting firm and get a quote (PM me if you wish).

If however you wish to do this work yourself, try looking at recently filed accounts in the CRO, and purchase a set (it will be hit and miss - finding a company that is the same size and will the right attributes)