We are an experienced firm of Chartered Accountants that has been providing a wide range of accountancy services for many years. John Shanahan established the firm in 1993 and over the years the practice has grown organically - almost entirely thanks to referrals from satisfied clients.
Today from our Offices in O'Connor Square, Tullamore we have staff specialising in accountancy, auditing, bookkeeping, payroll and taxation. In addition, we can, through our network, refer to a wide range of outside experts for advice on specialist matters beyond the normal scope of the practice.
The practice is a member of the Institute of Chartered Accountants in Ireland.
Accountancy today is almost entirely based on computerised records. We have the hardware, the software and the know-how to deal with your accounts the most reliable and effective way, to prepare tax returns for delivery via ROS and deliver documents to Companies Registration Office online.
We have experience of a number of popular accounting software packages, including TAS Books, Sage, QuickBooks and the Big Red Book etc.. If you use any of these, we can handle your files with ease. If you don't, but would like to, we are happy to advise on the appropriate system for you, to help set it up and maintain it, and to advise you or your staff in using it.
Some clients prefer to use Microsoft Excel, and for them we have designed an automated spreadsheet which can be customised to their needs. We still have some clients who prefer to keep manual accounts records - and of course we are happy to accommodate them, also.
We specialise in the smaller and medium size enterprises that are at the very heart of this country’s economy. We bring clarity and certainty to an easily accessible accounting and advice service where we always have your budget in mind.
You can call on us at any time knowing that you will receive our full committment to resolving your issues and setting your mind at rest. So we hope that you will feel free to speak to us whenever you need. By our motto "Linking practice to business", we are always working for you.
October 13, 2018
On the 9th October Paschal Donohoe has delivered his budget speech as Minister for Finance and set out the budgetary measures from the Government in a time where we are watching many risks to the economy unfold such as a US trade war, a possible EU crisis with Italy in the mix and closer to home the all encompassing Brexit or no Brexit deal which has the capacity to send Ireland back into a recession.
We at, John M Shanahan & Co, Chartered Accountants, Tullamore, Co Offaly have looked at the main points for inclusion in Budget 2019.
October 5, 2018
The income tax return deadline for the tax year 2017 is fast approaching. In order to ensure you are compliant, returns must be filed on or before the 31st October 2018.
However, taxpayers who both file their return of income and make the appropriate payment though ROS for:
can avail of Revenue's extension to the normal filing date and file by 14th November 2018.
The responsibility is on the individual taxpayer to file the return, calculate the liabilities due and pay the taxes on time.
It is advisable to seek our guidance when preparing your return in order to ensure the maximum reliefs are availed of and the correct liabilities are calculated, so don't be penny wise and pound foolish.
September 29, 2018
If you’re renting a property in the Republic of Ireland but live abroad, there are a few things you might want to know.
Whether you live in Belfast Northern Ireland or Buffalo New York, if you rent property in the Republic of Ireland any money you make from lettings is still chargeable to the same tax as residents of the State. Your gross monthly earnings are subject to income tax, and you're still required to submit a tax return to the revenue every year.
However, in terms of paying your tax, the standard practice for non-resident landlords is that your tenants withhold the standard 20% income tax from their monthly rent and pay it to the revenue on your behalf.
January 30, 2018
Setting up your own limited company is a big step. And though it’s highly rewarding, there are also a number of things to consider before making that leap of fate.
There are two main options open to entrepreneurs setting up in Ireland – sole trader or limited company.
To help you to prepare for when the time comes, we’ve put together some of the limited Company option - questions, pitfalls and reasons for choice - you should consider.