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BUDGET 2016

The Minister for Finance, Mr. Michael Noonan and the Minister for Public Expenditure and Reform, Mr. Brendan Howlin presented their fifth Budget speech on Tuesday 13th October 2015. Read More...

DFK Internationals 50th Anniversary Celebrations

DFK International celebrated its 50th Anniversary in Paris at the end of last month.

Many of the firms from around the world met in Paris for what by all accounts was a truely amazing celebration of DFK. A record 340 participants and 184 delegates, from Argentina to Vanuatu, were in attendance. The conference ran for a week and was attended by Anne, Natalie and William from our office.

Ken McQuillan

The late Ken McQuillan who founded McQuillan & Co back in 1955 was the first Irish firm to join DFK, which was then called The Hallett Douglass International Group in 1969.

Ken did so much for DFK International that an award was created in his honour. The Kenneth McQuillan Award was established to "recognise outstanding service to DFK" defined in his spirit "as a cheerful willingness to be involved in work and social activities" of DFK.

Ken is fondly remembered by many of the friends and colleagues he made through DFK over the years and his memory and contribution to DFK was recorded in a special DFK International 50th Anniversary Book where he was hailed a "Hero of DFK".
"He served twice as chairman of the DFK International Tax Committee, as DFK budget officer, on the DFK board of directors and executive committee, and as chairman of the DFK Legal Entity Study Group which led to the incorporation of DFK. He is also credited as an architect of the DFK Members' Agreement.

We are assured that when we said that Ken would never be forgotten, it was true. For 35 years, he immersed himself in all things DFK."

What is DFK?

DFK International is one of the world's leading associations of independent accounting firms and business advisers. Its member firms have been providing high quality services to clients for 50 years, combining their local knowledge and global connectivity to provide seamless service delivery on time and at the right price.

The vision of DFK International is to be recognised as the world's leading association of independent accounting and business advisory firms for the quality of service provided to client cross-border interests.

The mission of DFK International is to enable member firms to provide to their clients accounting and business services to the highest professional standards throughout the world in order to meet their clients' international business needs.

Congratulations - Rosemont Educational Foundation

All of us here at Anne Brady McQuillans DFK would like to wish our client Rosemont Educational Foundation Limited, the very best of luck as they move to their new campus this summer. The new school facility is on a green field site of just over 10 acres on the Enniskerry Road, Sandyford, Dublin 18 and it will cater for 300 students.

2011_Rosemont_114

Over the past 18 months, Rosemont have been busy raising funds for the construction of this new campus and continue to do so.

All are welcome to attend the Open weekend on Saturday 26th May and Sunday 27th May, when Rosemont parents, teachers and students will be on hand to show you around their excellent facilities. The campus is open between 11am and 5pm on both days.

Sept_09_Rosemont_171
Rosemont Conference and Sports facilities will also be available for rental to local community groups and local businesses.
To learn more about this project visit www.rosemontppu.ie

This month, Anne Brady McQuillans DFK highlight our clients Bekind (IRL) Ltd

Bekind Ireland has been in existence since late 2007.

Following several visits to India from 2005, Brian Flanagan (Founding Director) decided to set up the charity. Since then the charity has gone from strength to strength.

Brian's inspiration came from his son Shane's experiences in Calcutta in 2004, when Shane went as a volunteer with his school. He was one of 15 students, who went on a student exchange programme. Shane's experiences were to leave a marked impression on him and his fellow students. It was only by going as a volunteer himself with his lifelong friend and now fellow director, Niall Dalton, in 2005, did Brian realise the huge need of the street children of Calcutta.

On January 16th 2012 Bekind Boys' Home (BBH) opened its doors for the first time to 20 vulnerable, underprivileged boys, who are orphaned, abandoned, destitute or living at risk on the streets or in the slums of Calcutta.

The trustees of Bekind Ireland do not recieve any renumeration or expenses for their services. Overheads are minimal, therefore all funds are used for its projects in India.

Below is an inspirational story about a young boy called Manu. Manu is just one of the children who have benefitted from Bekind (IRL) Limited.

Manu Singh

Manu Singh is a 5 year old boy who lived with his parents at the pavements of Rambagan area (one of Kolkata’s red lighted localities). His mother used to work on the street and his father Ramu Singh is a daily labourer, his income was about 1euro per day.

Manu's parents did not take care of him. There is nobody else in the family to take care of the child either. He was neglected throughout. Manu roamed about aimlessly here and there in the streets and he did not go to school. He was suffering from the crisis of food and shelter.

Both the parents did not bother about Manu.

Manu was taken in the BeKind Boys home in January 2012. This home is a protection home for boys like Manu.

Manu is now physically and psychologically keeping well at present. He is very active and also very jolly. He is making new friends and trying to adjust in the new environment.

Manu doing his part
Manu doing his part on Inauguration Day


Manu's story is just one of many of the children which benefit from the love and care from Bekind (IRL).

Since its foundation Bekind has raised more than €300,000 to help the poor in India.

For more information on Bekind (IRL) Limited, or for details on how you can help, please visit www.bekind.ie

Article in local Telegraph Kolkata
http://www.telegraphindia.com/1120404/jsp/calcutta/story_15330607.jsp

Click the above link to an article about Brian and his work which was featured in the Telegraph Kolkata.
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Any donation to help us help the little ones without a voice would be most welcome. If you wish to contact Brian directly please phone 0872572907 or email brian@bekind.ie. 


Our service to you

If you would like us to highlight your business or a special event, please contact Caroline Cassidy at 01 478 6600 or email
ccassidy@annebrady.ie

Tell Us Your News

Tell us your news

You may have noticed recently we have published newsletters highlighting some news and achievements of our clients.

At Anne Brady McQuillans DFK we want to help you help your business. We would love to hear of any awards or exciting developments in your business and we will feature them in an upcoming newsletter. Send anything you think might be relevant to ccassidy@annebrady.ie and I will contact you to discuss further and plan the newsletter. This service is free of charge and is just our way of thanking you for your support over the years.



Colm Owens ties the knot

Our Audit Manager Colm and his wife April celebrated their marriage on February 24th last. The ceremony took place in Rathfeigh Church followed by the reception in Ballymagarvey Village. Colm and April were blessed with lovely weather for such a beautiful and special day. We wish them both all the luck in the world for a happy and healthy future together.

Are you claiming your full entitlements to Capital Allowances?

Are you claiming your full entitlements to Capital Allowances?

If you own a commercial property, you may be entitled to claim Embedded Capital Allowances, which will reduce your tax liabilities.

Embedded Capital Allowances are allowances for items of Plant and Machinery which are embedded or hidden in the overall fabric of a building. These comprise of items that are typically categorised as heating, electrical, security, fire/smoke alarm, lift installations, emergency lighting, sanitary ware, etc.

Capital Allowances often remain unclaimed because of a lack of appropriate documentation necessary to support a claim. Identification and quantification of these allowances is a specialist task which would be outside the scope of work included in the preparation of routine tax returns.

The amounts involved can often be substantial and can lead to both reductions in future tax liabilities and refunds of tax already paid.

Why Action is Required

  • It is critical that this assessment is carried out before the opportunity to claim is lost. This is because changes in future Finance Acts, may not make this possible.
  • Even if you don't have a current tax liability, once secured, these allowances can be held and utilised against future profits.
  • They are of significant value and can be sold on with the building.
  • Secured Capital Allowances may entitle you to an immediate tax rebate.


Please contact our office if you would like to organise a free of charge review of your entitlement to these allowances.

If you have purchased/developed commercial property or carried out extensions/alterations/refurbishments of a commercial property, it is probable that you have unclaimed Embedded Capital Allowances.

Please contact our office as soon as possible on 01 478 6600 to discuss whether a claim would be appropiate for your premises.

If necessary we will organise a review of your premises by one of our specialist capital allowances surveyors, free of charge, who will asess the eligibility and approximate value of a successful claim.

Interior Design Architect wins "Entrepreneur of the Year Award"

Interior Design Architect wins "Entrepreneur of the Year Award"

We are very proud to announce that our client, Deirdre Hardiman, director of Hepburn Designs, was honoured with the 2011 "Female Entrepreneur of the Year Award" from Dublin City Enterprise Board. The awards took place on December 12th 2011 in the Civic Office on Wood Quay. Presided over by Greg Swift, CEO of Dublin City Enterprise Board and attended by all seven of the networking groups, Deirdre was presented with her award by Pat Lynch, chairman of DCEB.

Entrep_Pic

Hepburn Designs

Hepburn Designs is a full service interior design house established in Dublin in 2009 by Interior Design Architect Deirdre Hardiman. In addition to offering full project management, Hepburn Designs has launched "Designer for a Day" a new, innovative interior design service. "Designer for a Day" gives access to the services of a designer at a reasonable cost and without the long term commmitment, starting from €299 for a half day.

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For details of this service please visit www.hepburndesigns.ie or telephone Deirdre on 087 674 8967.

Anne Brady McQuillans DFK Christmas Opening Hours

We would like to take this opportunity to remind you all of our Christmas Hours. We will close for Christmas Holidays on Thursday 22nd December at 5pm and reopen for business on Tuesday 3rd January 2012. During the Christmas break, the following staff will be available for any urgent queries;  
Anne Brady Partner 353 87 251 7600 Natalie Kelly Partner 353 87 888 5871 Colin Owens Audit Manager 353 87 276 2901 Shane Carroll BAS Manager 353 87 725 4143

VAT Rate change on Jan 1st 2012

The effect of the upcoming VAT rate change on your Computerised Accounting Package.

From the 1st of January 2012, the standard rate of VAT for the Republic of Ireland will be increased from 21% to 23%. The new 23% rate should be used on all invoices issued from then on. Full details about this change can be found on the Revenue website.

Steps to Change your Computerised Accounting Package

Take a Back Up

First of all, please unsure that you have taken a back-up of the relevant data-set before applying any of the changes detailed below. This will ensure you do not lose or change any important information.

Incorporating the 23% rate to your relevant accounts package

It is recommended that you CHANGE the existing 21% default rate to 23%, and then set up a NEW code for the old 21% rate. This assures that new invoices issued will automatically use the new 23% rate as default. If an invoice needs to be issued at the old 21% rate, you can select this from the new code you have set up.

Changing VAT rates in different Accounting Packages

Amending the VAT rates on most accounting packages is usually done through the dataset configurations. Here you can usually set up new VAT rates, and also set the default standard rate to be used in all relevant transactions.

Examples of how to change the following commonly used accounting packages:

TASBooks: Central / VAT Rates and Reporting / Maintain VAT Rates, (program 031).
Sage 50 Accounts: Settings / Configuration / Tax Codes

For more detailed assistance or queries, please contact Shane Carroll, Business Advisory Services Manager on scarroll@annebrady.ie or 01 4786600

Newsdesk - December 2011

County Car Rentals

All of us here at Anne Brady McQuillans DFK were delighted to see our long standing client; County Car Rentals appear on Monday nights The Apprentice on TV3. Bernard Loughran, General Manager and Trevor Toner, Office Manager put the candidates through their paces as they battled their way into the final with Bill Cullen.

For 60 years County Car Rentals have been providing a first rate service to its clients from around the world. Whether you need to rent a car for business or it’s a car rental for a holiday, County Car Rentals have the experience and the range of cars to suit your needs. County Car Rentals offer low cost car rentals across their fleet of cars.

Visit County Car Rentals at www.countycar.ie or call 01 235 2030. County Car Rentals are located on Rochestown Avenue, Dun Laoghaire, Co. Dublin.

Missed it? If you missed Monday nights "The Apprentice" you can catch it online on TV3's 3Player


Anne Brady McQuillans DFK Christmas Opening Hours

We would like to take this opportunity to remind you all of our Christmas Hours.

We will close for Christmas Holidays on Thursday 22nd December at 5pm and reopen for business on Tuesday 3rd January 2012.

During the Christmas break, the following staff will be available for any urgent queries;

Anne Brady, Partner; 353 87 251 7600
Natalie Kelly, Partner; 353 87 888 5871
Colin Owens, Audit Manager; 353 87 276 2901
Shane Carroll, BAS Manager; 353 87 725 4143

Budget 2012 Motor Tax Changes

MotorTax2012

Budget 2012 Update

Continuing the government’s austerity program the Minister for Finance, Mr Michael Noonan T.D. delivered part 2 of Budget 2012 on the 6th December 2011. Read More...

Newsdesk - November 2011

On 2 March, 2011, the Minister for Justice and Law Reform signed a Commencement Order for the Multi-Unit Developments Act 2011... Read More...

Newsdesk October 2011

We wish to remind you that the 31st October 2011 is the deadline for the following Read More...

Newsdesk - September 2011

If you are looking for funding for your business remember that apart from loans there are other options available which may suit your business better. Read More...

Payroll Information Open Day

Payroll Information Open Day

As you are aware, Anne Brady McQuillans DFK is joining in the salute to the Irish worker and payroll professionals by participating in National Payroll Week.

National Payroll Week is a public awareness campaign that pays tribute to payroll professionals and the fact that they not only process thousands of payments each week but they do so accurately and on time.

To celebrate, we are holding a Payroll Information Open Day, by which you can drop into our office (or call) anytime between 9 am and 5 pm on Friday 2nd September with any questions or queries you may have regarding payroll. Our payroll experts will explain anything from the deductions on payslips to the Bike to Work Scheme as well as Pension Contributions. This Information Day is also open to your employees so be sure to spread the word.

The tea and coffee will be flowing and plenty of chocolates to share around! This is a FREE service, all that we ask is that you make a donation to Barretstown House in return for the advice. Donations can be made on the day at reception by either cash, cheque or credit card.
http://www.payrollweek.ie

Barretstown


Barretstown helps children affected by serious illness regain their confidence and self-esteem. They rebuild lives affected by childhood cancer through a program of fun based activities in Barretstown House in Co Kildare. Hospitals' primary focus is on the physical effects of serious illness, while Barretstown helps to heal the emotional scars.

In 2011 Barretstown celebrates its 17th anniversary and in those 17 years, more than 18,000 children and families will have been to Barretstown free of charge. Each year the charity's dedicated fundraising team must raise Euro 5 million, so that more children and families can attend these life changing programmes.

96% of this money must come from voluntary sources including individuals, community events and corporate partners. IPASS and Anne Brady McQuillans DFK are delighted to be able to use National Payroll Day as an opportunity to raise funds for the marvellous work carried out by Barretstown.

For more information on Barretstown and the wonderful work they do, please visit http://www.barretstown.org

Our Payroll Services

Along with processing payroll for our clients we also offer the following services to employers:

  • Reviewing existing tax packages and benefits
  • Employee share incentive schemes
  • Financial Planning reviews for executives
  • BIK compliance advice
  • PAYE/PRSI compliance reviews
  • Advice on termination of employment.

Newsdesk - August 2011

National Payroll Week

Anne Brady McQuillans DFK is joining in the salute to the Irish worker and payroll professionals by participating in National Payroll Week.

National Payroll Week is a public awareness campaign that pays tribute to payroll professionals and the fact that they not only process thousands of payments each week but they do so accurately and on time.

With each and every payment issued, the payroll department must make the correct deductions for PAYE, PRSI, USC etc. and any delay or error has serious financial consequences that not only affect you, but the companys bottom line.

Our dedicated payroll department is staffed with highly skilled professionals who are experts at meeting deadlines and answering employee queries and who know all the required tax credits and deductions.

National Payroll week is also in aid of the Irish Charity Organisation Barretstown. We are delighted to be able to show our support for such a great cause also.

http://www.payrollweek.ie

Barretstown

Barretstown helps children affected by serious illness regain their confidence and self-esteem. They rebuild lives affected by childhood cancer through a program of fun based activities in Barretstown House in Co Kildare. Hospitals' primary focus is on the physical effects of serious illness, while Barretstown helps to heal the emotional scars.

In 2011 Barretstown celebrates its 17th anniversary and in those 17 years, more than 18,000 children and families will have been to Barretstown free of charge. Each year the charity's dedicated fundraising team must raise Euro 5 million, so that more children and families can attend these life changing programmes.

96% of this money must come from voluntary sources including individuals, community events and corporate partners. IPASS is delighted to be able to use National Payroll Day as an opportunity to raise funds for the marvellous work carried out by Barretstown.

For more information on Barretstown and the wonderful work they do, please visit http://www.barretstown.org

Our Payroll Services

Along with processing payroll for our clients we also offer the following services to employers:

  • Reviewing existing tax packages and benefits
  • Employee share incentive schemes
  • Financial Planning reviews for executives
  • BIK compliance advice
  • PAYE/PRSI compliance reviews
  • Advice on termination of employment.

If you need any further assistance with any of the above issues mentioned, do not hesitate to contact our offices on 353 1 478 66 00 or email nfoster@annebrady.ie

Newsdesk - July 2011

Europe, Middle East & Africa Firm of the Year 2011
 
We are delighted to announce that Anne Brady McQuillans DFK have been awarded the Europe, Middle East and Africa DFK Firm of the Year 2011. The award was presented to Anne Brady at the recent DFK International Conference in Chicago. This is a huge achievement for the firm and a fantastic follow-on from our award in 2010 for DFK UK & Ireland Firm of the Year. Anne Brady McQuillans DFK was recognised for its contribution to the development of DFK Europe, Middle East and Africa during the year. The firm has been an active and prominent member of DFK since it was established 50 years ago.

On winning the award Anne Brady commented "It is such an honour to win the Regional Firm of the Year Award 2011. DFK to us is like a large International family. We have links to the technical expertise of our members all over the world, which enables us to help our clients. We very much enjoy and benefit from being an active member of DFK."

Newsdesk - June 2011

Ireland’s Shadow Economy
Revenue has confirmed that they intend to concentrate on the "shadow economy" in 2011. They will explore underpayments of tax by PAYE workers where they have other undeclared income i.e. rental income. They are also concentrating on incorrect tax credits being claimed by PAYE workers. They will continue their focus on cash businesses i.e. doctors, dentists, lawyers, accountants and jewellery businesses, all of which could include unannounced visits by Revenue. Mandatory e-filing
Mandatory electronic payments and filing, using Revenue's Online Service (ROS), is part of Revenue's strategy to establish the use of electronic channels as the normal way of conducting tax business. Taxpayers will be required to pay and file their tax returns electronically from 1 June 2011.
Revenue may exclude a taxpayer from their obligation to pay and file electronically, if they are satisfied that the taxpayer does not have the capacity to do so.


Changes to PPS numbers attached to husband A ‘W’ format PPS number will no longer be recognised by Revenue’s systems. Revenue policy has changed to ensure that every individual holds a unique PPS number. Where an individual had a PPS number in her own right prior to marriage, this number will have been reactivated by the Department of Social & Family Affairs (DSFA.) If a pre-marriage number did not exist, DSFA will assign a new PPS number to the person concerned.
You should contact the DSFA’s Client Identity Services (cis@welfare.ie) should you have any questions, or require a new PPS number.

Once received, the DSFA notification of the replacement PPS number should be presented to Revenue to allow the new PPS number to be registered.


Employer PRSI @ 8.5% halved

With effect from 2nd July 2011, the 8.5% rate of employer PRSI payable under PRSI Class A, will be halved to 4.25%, where the employee's reckonable earnings do not exceed €356 per week. This reduction in employer PRSI will apply to both new and existing jobs and will apply until the end of 2013. A revised SW14/PRSI Tables should be available soon.