Global dormant LLC annual accounting and tax fees in 2023
To help our multi-national Clients’ accurately and completely understand their annual statutory obligations, our in-house Accounting and Tax Department prepared this web page. The table below outlines in great detail a checklist of how Healy Consultants Group PLC Staff will help your LLC to timely accurately and completely discharge your annual legal, accounting and tax obligations; including our respective fees:
| No. | Dormant company – annual accounting & tax obligations | US$ |
|---|
| 1. | Preparation of abridged financial statements (a 15-page annual report) including:- Restructuring and reclassifying income and expenses to clearly explain the absence of transactions during the accounting period; and
- Compliance with International Financial Reporting Standards; and
- Crafting accurate and complete financial statement disclosures, to properly explain to the Government the absence of annual transactions and zero corporation tax;
| 600 |
| 2. | For our Client’s dormant entity, our in-house Accounting and Tax Department securing a legal exemption from the Government re:- the statutory obligation to submit the annual financial statements to an independent statutory annual audit; and
- the statutory obligation to submit annual FATCA and CRS reports; and
- the statutory obligation to submit an annual payroll and VAT or GST returns; and
- exemption from withholding tax and personal income tax obligations;
| 300 |
| 3. | Completing your dormant entity annual corporate tax obligations including:- Preparing an accurate and complete i) corporate tax return and ii) tax computation and iii) tailored cover letter for the Government; clearly explaining why there are neither annual net profits nor losses;
- Negotiating written inquiries and phone-calls from the Tax Authorities (post tax return submission), justifying why there are neither annual net profits nor losses;
| 300 |
| Total annual accounting and tax fees for a dormant company | 1,200 |
