Sunday September 20, 2020

The lowdown: new accounting regime for SMEs

Micro companies will have a reduced accountancy burden

18th December, 2016

The Companies (Accounting) Bill 2016 is passing through the Oireachtas. When it is enacted, it should result in a reduction of the accountancy burden for the newly defined status of a ‘micro company’, thus saving both time and money for these companies and exempting them from some significant disclosure obligations.

The purpose of the bill is to bring Irish law in line with a new Directive of the European Parliament.

When it is passed,...

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