Starting a New Business?

Revenue's R&D Tax Credit guidance as recently Updated and how it affects your company.

August 27, 2015

Revenue has published an updated version of their Research & Development Tax Credit Guidance which would appear to represent the most significant change in administration of the R&D regime since it was introduced in 2004.

These new guidelines include a number of very significant changes, which will, in our view, have a negative impact on many taxpayers’ R&D tax credit claims. The guidance is not legally binding, but is obviously indicative of Revenue’s position on these matters.

Things everyone should know about Selling

There are thousands of books out there on Selling, How to sell etc etc however, everything you need to know about selling really boils down to the following simple rules:

Time management Tips for Small Business Owners

July 30, 2015

If you’re a small business owner I need not tell you how important your time is. In fact there is no resource more precious than your own time.
You might be of the view that money deserves that particular accolade but you can always make more money. On the other hand, there will only be 24 hours in a day and that won't change for the foreseeable future unless you have invented a time machine. If that’s the case I doubt that money will be much of a concern either.

The Duties of the Company Secretary under the Companies Act 2014

July 30, 2015

The Companies Act 2014 (the “Act”) states that every company must have a company secretary and in relation to their duties, the Act states:
“The duties of the secretary of a company shall, without derogating from the secretary’s statutory and other legal duties, be such duties as are delegated to the secretary, from time to time, by the board of directors of the Company”.

These duties come from statute, common law and contract law and are in addition to those duties as are delegated to the company secretary by the directors. Primarily those duties cover co-signing the annual return with one of the directors, maintaining the statutory registers, maintaining up to date minute books of meetings of the Board and the Annual General Meeting. They also ensure that all filings made in the Companies Registration Office and the Revenue Commissioners are made accurately and on time.

Angel Investors and what they are looking for in a company.

July 21, 2015

Bear in mind you must be prepared to give Angels Investors what they want if you want them to invest in your company. Also you need to know that angel investors typically reject three quarters of investment proposals sight unseen.

So how do you get an angel investor to invest in your business?

What are angel investors looking for?

Starting your own Business in Ireland

February 20, 2015

So, you’ve decided to take the plunge and start your own business – but you have no idea where to begin. From what business to start to how to raise the money for it, the sheer array of options can be daunting.

John M Shanahan & Co has a range of resources available to take that blossoming entrepreneurial desire through the stages it needs to become a viable business.

We’ve addressed all the essential questions you should pose when you’re thinking about how to start your own business.