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.
May 31, 2018
In cases where spouses, children or other family members assist in the running of a family
business and receive payment for their work, such individuals are treated and taxed as any other employee, however the tax deductibility of wages paid to them may be open to scrutiny by Revenue.
The sole purpose for incurring the expense must have been for the purposes of the trade. Where a non-trade purpose is identified, then the Revenue will disallow such expenditure in the business accounts.
May 20, 2018
As a company director you are aware that all companies – active or dormant – are required to file an Annual Return (Form B1) with the Companies Registration Office (CRO) each year. All companies have a unique Annual Return Date known as its ARD. This date can be a maximum of 9 months after the company year end.
April 27, 2018
There are few things so frightening in business, or indeed in life, as a tax bill you can’t pay.
If you are stuggling with paying Revenue debt, the bad news is that unpaid tax bills are far more serious than other types; the Revenue do not require a Court Order to start recovery proceedings and can very easily force you into bankruptcy.
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.