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.
Contact Us - Contact us for a free initial consultation to find out how we can help.
August 23, 2016
Just in case you may not have noticed, Ireland was one of the few countries in Europe that did not offer fathers some form of paternity leave, with Irish employers not obliged to grant male employees paternity leave (either paid or unpaid) following the birth of their child.
The new regime is about to start the 1st September 2016 with paternity leave of two weeks paid at €230 per week and a further two weeks’ leave are available at any time in the 28 weeks following the birth of their child.
You might think this is good, but in fact most other countries within the EU offer some form of paternity leave. UK, Austria, Denmark, Italy, and France all provide two weeks, while the UK provide ‘Additional’ paternity leave allowing an employee to take up to 26 weeks’ leave to care for a child, on top of two weeks of ordinary paternity leave.
We at, John M Shanahan & Co, Chartered Accountants, Tullamore, Co Offaly take the view that its a benefit that to date has not been available to Irish fathers and helps to bring us into line with EU legislation.
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August 17, 2016
The principal function of the Act is the regulate payments under construction contracts by imposing a requirement that such contracts expressly provide for the amounts of all interim and final payments (or adequate mechanisms to determine them). The Act also renders so-called ‘pay when paid’ clauses ineffective and gives parties the right to refer any payment disputes under construction contracts to adjudication.
We at, John M Shanahan & Co, Chartered Accountants, Tullamore, Co Offaly take the view that its better to ensure your paperwork is in order before commencement rather than waiting until an issue arises to find out the true cost of defects in your contract.
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August 12, 2016
In the bad old days, (some would say they are still with us), some casual Landlords were of the opinion that if your rental property had to be subsidized in order to meet a mortgage on the property then you made a "Loss" and had no obligations to Revenue for that rental property.
In instances where there is a cash flow deficit emanating from a rental property, i.e. a requirement to keep putting money in, it does not necessarily follow that there will be an automatic rental loss. There are many casual Landlords who have been under the false illusion that while they subsidized the bank loan repayments for rental properties purchased in the boom times, they had no taxes to pay on that rental and are now coming forward, as they understand that rentals are better today and they might have some taxes to pay going forward.
What many of them do not realize is that Revenue come before the Banks in the payment priority stakes and while Landlords may have a cash flow deficit they may well have a taxable rental profit from that same property for that same year and/or for earlier years also.
We at, John M Shanahan & Co, Chartered Accountants, Tullamore, Co Offaly take the view that its better deal with these issues head-on and not wait until your name appears on a Revenue screen as a result of a computer Report drawn from a Revenue database aimed at targeting Landlords.
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