For many businesses, company compliance and reporting in Ireland is the backbone of sustainable growth and long-term stability.
Business owners must choose the right legal structure, comply with Companies Registration Office (CRO) filing requirements, and meet Revenue obligations such as VAT, payroll, and corporation tax. They must also apply the correct financial reporting standards to ensure accounts are accurate, transparent, and fully compliant. Together, these responsibilities form the foundation of a company’s long-term legal and financial health.
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)
UUnderstanding your size classification is the first step in 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 and Revenue.ie provide guidance.
2️⃣ Accounting, Filing & Audit Requirements by Size
Once you know your company size, here’s how it affects your company compliance and reporting in Ireland, including audit and accounting standards.
| Size | Audit Requirement | Filing Needs | Typical Accounting Standard |
|---|---|---|---|
| Micro | Usually exempt if conditions met | Abridged financial statements with CRO (B1), plus tax filings (CT1 for corporation tax, Form 11 if director self-assessed) | FRS 105 (Micro-entities Regime) |
| Small | Audit exemption usually available if thresholds met and no ineligible company status | Full financial statements (abridged filing option), CRO B1, CT1, VAT, PAYE as applicable | FRS 102 Section 1A |
| Medium | Audit generally required (audit exemption not available once medium thresholds exceeded) | Full statutory accounts, CRO B1, CT1, VAT/PAYE, other returns as relevant | FRS 102 (full) or FRS 101 (reduced disclosure) |
| Large | Mandatory audit | Full consolidated accounts if part of a group, CRO B1, CT1, VAT/PAYE, other statutory returns | FRS 102, FRS 101, or IFRS (listed companies must use IFRS) |
✅ Key clarifications:
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Audit exemption: Only micro and small companies can claim it (subject to eligibility). Medium and large must be audited.
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Standards:
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Micro: FRS 105 (simplified, no deferred tax, etc.).
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Small: FRS 102 Section 1A (reduced disclosures).
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Medium: Full FRS 102 or FRS 101 if part of a group.
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Large: FRS 102, FRS 101, or IFRS (mandatory for listed PLCs).
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Filing: All companies must file an annual return (B1) with financial statements to the CRO, but the level of disclosure depends on size.
💡 Takeaway:
Micro and small companies may benefit from audit exemptions and reduced disclosure requirements, keeping compliance costs lower. Once you reach medium or large size, however, a full audit and broader reporting obligations apply.
3️⃣ Financial Reporting Standards in Ireland
Accounting Standards in Ireland
| Standard | Best For | Highlights |
|---|---|---|
| FRS 105 | Micro entities | Simplified regime, no director’s report, very limited disclosures |
| FRS 102 Section 1A | Small companies | Reduced disclosure, accrual-based, easier presentation |
| FRS 102 (full) | Medium companies | Full standard framework, aligns with international principles |
| FRS 101 | Group entities using IFRS in consolidated accounts | Reduced disclosure for subsidiaries/parents in IFRS groups |
| IFRS | Large/public firms (esp. listed PLCs) | Full international reporting standard, required on regulated markets |
⚠ Upcoming in 2026
The FRS 102 triennial review update is bringing major changes effective for accounting periods beginning on or after 1 January 2026, including:
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Lease recognition (bringing most leases onto the balance sheet, similar to IFRS 16).
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Revenue recognition (aligned more closely with IFRS 15 principles).
Early adoption will be permitted, but companies should start preparing now.
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
Company compliance and reporting in Ireland is not just about ticking boxes — it’s about clarity, structure, and confidence in your financial operations. At RizFin, we simplify company compliance and reporting in Ireland by creating reliable systems that keep you compliant with CRO and Revenue, while giving you clear financial insights to grow your business.
At RizFin, we specialise in making company compliance and reporting in Ireland clear, structured, and manageable, so you can focus on running your business while knowing your legal and financial obligations are fully under control.
