(And What RizFin Can — and Can’t — Do for You)
Running a business in Ireland involves more than just providing services and sending invoices. It requires navigating the rules of company compliance and reporting in Ireland, from understanding legal structures and CRO regulations to meeting Revenue obligations and applying the correct financial reporting standards.
At RizFin, we specialise in making company compliance and reporting in Ireland clear, structured, and manageable — so you don’t need to figure it out alone.
1️⃣ Company Size Thresholds in Ireland (Updated July 2024)
Understanding your classification is key to managing company compliance and reporting in Ireland effectively. Following EU regulations (SI 301/2024), the thresholds for company sizes have increased by approximately 25%.
| Size | Turnover | Balance Sheet Total | Employees |
|---|---|---|---|
| Micro | ≤ €900,000 | ≤ €450,000 | ≤ 10 |
| Small | ≤ €15 million | ≤ €7.5 million | ≤ 50 |
| Medium | ≤ €50 million | ≤ €25 million | ≤ 250 |
| Large | Above Medium | Above Medium | > 250 |
You qualify based on meeting two out of three criteria over two consecutive years.
For additional information, trusted resources like CRO.ie, Chartered Accountants Ireland, and Revenue.ie provide guidance.
2️⃣ Accounting, Filing & Audit Requirements by Size
Requirements by Company Size
| Size | Audit? | Filing Needs | Typical Standard |
|---|---|---|---|
| Micro | Usually exempt | Abridged accounts, B1, Form 11 | FRS 105 |
| Small | Often exempt | Full financials, CT1, VAT, B1 | FRS 102 Section 1A |
| Medium | Audit generally needed | Full accounts, CT1, PAYE/VAT | Full FRS 102 or FRS 101 |
| Large | Mandatory | IFRS or FRS 101, consolidation | IFRS |
Revenue & CRO Obligations (All Sizes):
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Annual Corporation Tax (CT1)
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VAT returns (usually bi-monthly)
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PAYE/PRSI/USC through Revenue Online Service (ROS)
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Form B1 and Beneficial Ownership Register with the CRO
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Prompt notifications for changes to directors or shareholders
Managing these tasks is central to maintaining solid company compliance and reporting in Ireland.
3️⃣ Financial Reporting Standards in Ireland
| Standard | Best For | Highlights |
|---|---|---|
| FRS 105 | Micro entities | Simplified, no director’s report required |
| FRS 102 1A | Small companies | Light disclosure, accrual-based |
| FRS 102 | Medium companies | Full standard framework |
| FRS 101 | IFRS group entities | Reduced IFRS disclosure |
| IFRS | Large/public firms | Full international reporting |
⚠ Upcoming in 2026:
Major FRS 102 updates (lease recognition, revenue recognition) take effect from 1 January 2026.
4️⃣ What RizFin Can — and Can’t — Do
What We Do to Support Your Company Compliance and Reporting in Ireland:
✅ Clean bookkeeping aligned with Revenue compliance
✅ Payroll setup and submissions
✅ VAT, CT1 & Form 11 support and coordination
✅ Financial statements under FRS 105 or FRS 102
✅ Structured systems, SOPs, and clear month-end reporting
What We Don’t Do — and Why:
| Service Not Offered | Why | Our Approach |
|---|---|---|
| Statutory audits | Requires regulated audit firm | Prepare audit-ready records |
| Tax planning or structuring | Needs specialist expertise | Work alongside your tax advisor |
| Investment or pension advice | Requires financial regulation | Refer to trusted partners |
| Legal company formation | Legal, not finance service | Refer to trusted specialists |
| One-off payroll or tax fixes | Not strategic or scalable | Build reliable, ongoing systems |
5️⃣ Choosing the Right System for Your Business
Based on your company’s size and goals, we offer structured solutions tailored to your company compliance and reporting in Ireland:
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Steady Start – For sole traders and micro entities
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Smooth Sailing – For small limited companies
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Full Steam – For medium-sized growing companies
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Custom – For complex structures or groups
📞 Contact us to discuss your current obligations and future goals. We’ll build a system that keeps your business compliant and confident.
💬 Final Word
You don’t need an accounting qualification to maintain good company compliance and reporting in Ireland. What you do need is clarity, structure, and reliable systems to stay ahead of your legal and financial obligations.
At RizFin, we help you achieve:
✔ Revenue compliance
✔ Timely CRO filings
✔ Financial clarity — even if finance isn’t your background
Let’s make your financial back-office calm, clean, and consistent.
