For Partnership

Services for Partnership

• Bookkeeping and Accounts Preparation

We provide a comprehensive bookkeeping service which is tailored to our clients’ needs. We can provide a full hands-on service to entirely free up our clients’ time or we can simply provide assistance where a client’s preference is to retain their bookkeeping in-house. Where preferable, we can visit periodically during the year and perform the service on site.

All accounting records are computerised on an integrated accountancy package thus facilitating interim review of financial information as required.
Our aim is to offer flexibility and a tailored package to meet the specific needs of our clients.

Our aim is to offer flexibility and a tailored package to meet the specific needs of our clients.

All accounting records are computerised on an integrated accountancy package thus facilitating interim review of financial information.

• Personal Tax

The income tax self-assessment deadline is 31 October each year. This is a date which we are mindful of throughout the entire year and we aim to work with our clients to plan and prepare well in advance to ensure a no surprises approach.

Being organised and efficient also allows our team to consider any tax planning opportunities to minimise tax exposures. We partner with pension and investment firms to identify tax sensible packages suitable for our clients.

Our objective is to ensure full timely compliance while also recognising the commercial reality of reducing liabilities for our clients.

• Rental Accounts

Income received from the letting of any property, be it residential or commercial, requires the preparation of rental accounts to determine the profit subject to tax.

There are specific rules relating to the calculation of rental profits. Our team of professionals can help in preparing accurate accounts, while maximising any reliefs available to reduce tax bills.

As part of our firm objective pf providing an integrated service to our clients we also assist in ensuring any legal and compliance responsibilities as a landlord are met including considering any impacts under other tax heads such as VAT.

• VAT Compliance

VAT legislation is a complex area which is constantly evolving and legislative updates can often be overlooked by businesses. At O’Brien Crowley we constantly challenge the assumptions underpinning the VAT workings of our clients thus ensuring full compliance.

We work with our clients to develop a system that works for them. Where the preference is to retain the function in-house we can offer a review service prior to submissions. Alternatively, we can take the entire compliance function from our clients thereby significantly freeing up our client’s time.

The recovery of VAT on costs is often a leakage area for businesses. We aim to apply our comprehensive understanding of our clients’ businesses to maximise their recoveries.

• VAT Planning

VAT implications can often represent a real irrecoverable cost to businesses and thus can be a determining factor in deciding whether to proceed with a transaction. Effective planning in advance can mitigate or eliminate this cost and thus it is extremely important to have conversations in relation to VAT at an early stage.

Our team of tax consultants provide VAT planning services across a broad range of issues including VAT on property transactions, cross border activities and VAT cash-flow management.

• Payroll Services

The operation of an effective payroll processing system is paramount for any business as delays or errors can have serious implications from a staff perspective and potentially from a Revenue tax perspective.

We provide payroll services to small and medium-sized businesses on a weekly, fortnightly, monthly or quarterly basis including P30 returns, issuing of payslips, general advice regarding entitlements etc. We have a dedicated resource available to deal with queries or amendments in a timely manner.

This is an invaluable resource for our clients as it removes what would otherwise be a time consuming and potentially stressful responsibility.

• Capital Acquisitions Tax

Compliance
We work closely with a number of solicitor practices in estate planning and execution. We work with our legal partners in submitting returns and obtaining clearance from Revenue in a timely manner. At all times we are cognisant of the tax reliefs available to beneficiaries.

Estate Planning
Capital acquisition tax is a significant consideration in succession planning and it is important that conversations are held well in advance of retirement in order to ensure the maximisation of tax reliefs available in order to significantly reduce tax liabilities.

Our team of professionals can advise both individuals seeking to pass on wealth or individuals who stand to benefit from a succession plan.

• Capital Gains Tax

Capital gains tax is a significant consideration in the transferring assets and it is important that adequate planning is undertaken to maximise reliefs and ensure tax liabilities are reduced to the fullest extent possible.

We provide a full suite of services to our clients including planning to maximise reliefs available through to fulfilling filing and administrative compliance responsibilities. Examples of areas where we assist is in the transferring of assets to the next generation, sale of shares and property and transfer of assets from abroad.

• Business Start Up

The decision to start a business can be an extremely daunting prospect and there are many obstacles that an individual is faced with in order to succeed. At O’Brien Crowley we leverage our extensive experience with businesses to foresee and plan for the challenges ahead.

In the initial start-up phase cash-flow is key and the preparation of a business plan and accurate forecast is vital. We work with new clients in the preparation of these key documents which then form an integral part in proposals put to banks or investors for financing.

• Banking

Whether it’s applying for a new loan, restructuring an existing facility or managing general banking, our team at O’Brien Crowley can assist you. We work with our clients in devising tailored solutions and liaise with banks directly on their behalf.

We leverage the strong relationships we have built with local banks to ensure we get the best result for our clients.

• Revenue Inspections

Whether it’s a profile interview, an aspect query or a full audit we at O’Brien Crowley have extensive experience in working with Revenue to address their queries and meet their requirements in a timely manner.

We adopt a “no surprises” approach and work closely with businesses in reviewing all aspects of their operations and bookkeeping records in preparation for visits.

• Loss of Earnings

We work with a number of solicitor practices in providing professional support services as part of loss of earnings claims. We have the resources available to react to demands at short notice including being available to attend and contribute at hearings as necessary

• Advisory

Over the course of over 30 years in practice we have developed the knowledge and experience to deliver valuable insights and recommendations to business owners. Our team has a keen commercial awareness and we understand that at the forefront of all decision making processes is the success and growth of our clients’ businesses.

Our overriding objective at all times is to work with our clients in helping them achieve commercial success.