2012 CRO Newsletter

Email Newsletter
The CRO newsletter facility allows subscribers to receive regular news updates from the office by email. These emails are delivered in text format:

1. CRO E-Zine
This is an electronic bulletin published once a month. It informs all subscribers of the current developments within the Office and also notifies subscribers of future events.

2. Interim Messages
The email newsletter service is effectively split in two (though only one subscriber list is used). Every subscriber receives delivery of the CRO E-Zine once every month. In the interim subscribers may receive further updates if necessary from the Office (urgent or time sensitive messages).

Business Support - DJEI

For information on a range of supports, both financial and non-financial, that are available to assist companies to grow, improve competitiveness, create employment and improve productivity go to DJEI website

Credit/Debit Card Payments in the CRO

It is now possible to pay by credit/debit card for lodgements and enquiries in the CRO Public Office. Online credit/debit card options have also been extended and it is now possible to pay for online Business Name applications in CORE by credit/debit card. CRO will shortly be introducing 3D Secure for online purchases and payment of online forms. 3D Secure is a service that has been created by Visa and MasterCard to help guard your credit card against unauthorised use online. 3D Secure works by using a password that you create as your unique online identifier. You will be asked for your 3D Secure Password to validate online credit card transactions with the CRO.

Online Customer Accounts

A facility has been added to our Company Search environment to allow customers to open a CRO Deposit Account online meaning there is no longer a need for a paper application. The account can be used to do online searches, pay for electronic B1s and A1s. It can also be used to lodge documents with the CRO. It must be kept in credit at all times. Click on the link to view the facility - https://www.cro.ie/search/NewCustomer.aspx

Audit Exemption Change

Please note that Companies (Amendment)(No.2) Act 1999 (Section 32) Order 2012, Statutory Instrument No. 308 of 2012, has increased the balance sheet total and turnover thresholds for the purpose of availing of audit exemption.

The balance sheet figure is amended to €4.4 million and the turnover figure to €8.8 million. Whats New page.  In order to apply for Audit Exemption, the year in question must be the current year - section 32 provides that the directors must  be of the opinion that the company "will satisfy" the conditions - use of the future tense precludes the decision being taken in respect of a year that has already ended. Audit exemption cannot be applied for retrospectively. If a number of the company’s shareholders (not less than 10% of the total voting rights in the company) request that the company not avail itself of the exemption and serve notice in writing to this effect on the company in the financial year immediately preceding the financial year concerned or during the financial year concerned but not later than one month before the end of that year, the company must have an audit.

For information on Audit Exemption, please see information leaflet 10 and the website page - Audit Exemption.

Small Company Change

Please note that the European Union (Accounts) Regulations 2012, Statutory Instrument No. 304 of 2012, has increased the balance  sheet total and turnover thresholds. The balance sheet  figure is amended to €4.4 million and the turnover figure to  €8.8 million. Small Companies Accounts page.

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