Getting your tax right is a vital consideration for any business. At O’Connor Pyne & Co. we have years of experience in managing our client’s tax affairs and providing comprehensive advice on all taxes.

We can offer advice on managing day to day tax affairs, such as computationand filing of VAT, PAYE, RCT, Corporation Tax and Income Tax for your business such as Sole Trader accounts, Partnership accounts and Rental accounts. We can also assist with tax issues for all stages of business, including start up businesses, expansion and cessation.

Revenue audits are becoming more and more widespread and we can also assist in all aspects of the audit process, from first notification to final settlement and the minimising of liabilities.

At O’Connor Pyne & Co. we also have expert tax knowledge on more specialised tax matters and can provide specific tax planning advice tailored to your needs. We have experience in popular tax planning areas such as inheritance tax planning and the implementation of company restructures. We can help to devise the most tax efficient method to structure your transactions for your circumstances.

Useful Links
www.revenue.ie
www.citizensinformation.ie
www.welfare.ie

Corporate & Personal Tax

As businesses try to grow in the current economic climate, having access to up to date information and reliable advice becomes more important than ever. Many business owners do not have adequate time, resources or skills to handle their own accounting and audit requirements to comply with legal obligations or they may just wish to invest their time in developing their business. We know that the challenges facing every business are unique and we tailor our approach to meet the specific requirements of our clients.

At O’Connor Pyne & Co. we specialise in the efficient production of statutory accounts. In preparing your companies accounts, our team will be able to analyse your business across a broad range of areas, and devise a plan to encourage savings, (including tax savings) and growth. We will also discuss tax saving opportunities and give regular advices before the end of your financial year.
Our business advisory team has years of experience across the public and private sector. We can help identify weaknesses in your company and opportunities in the market which are vital attributes in this current economic climate.
Our accounting and business advisory team can offer your business the following services:

Preparation of regular management accounts

Advise and assist you on setting up your accounting system.

Complete all your tax compliance forms for the Collector General(VAT, PAYE/PRSI, RCT, Corporation Tax and Income Tax)

It makes sense to benefit from our experience and expertise.

Corporate Finance & Business Advisory

At O’ Connor Pyne & Co. we make the onerous Company Law requirements as easy as possible for directors and other company officials. We have a proven system that ensures that all clients’ corporate compliance affairs are in good standing with the Companies Registration Office (CRO).We deal with all relevant statutory compliance, general secretarial and specialist consultancy advice including:


Annual Filing Requirements, to include, prepare and submit annual returns, abridged accounts and all company secretarial documents to the CRO

Prepare minutes of board meetings, AGM’s and EGM’S

Advise on the issue, transfer and Redemption of Shares

Advise on the responsibilities of directors and the company secretary

Advise and deal with company Strike offs and Restorations

Convert a company from limited to unlimited and vis a versa.

Incorporate a British, NI or Scottish company.

Company Secretarial

Many businesses are now facing a major challenge. Companies can flounder and often fail. In all business sectors, companies today operate in a constantly changing environment – changing technology, changing competitors, changing customer demand. When directors decide to tackle financial difficulties early, experience shows that an early approach gives a much greater chance of recovery. O’ Connor Pyne & Co. provide practical support and advice to directors, shareholders and advisors and of Companies of all sizes. We do not assume that insolvency proceedings are always inevitable, and we will examine all options available to a Company.
We are happy to work alongside your current advisors in order to assess your situation and advise you on your best course of action. These days’ healthy relationships with your Bankers are paramount. We have been very successful in assisting our Client’s restructure bank debt. The economic downturn in recent times has resulted in the skills of Corporate Recovery being brought to the fore once again. We have a diverse and varied experience and provide the full range of Corporate Recovery and Insolvency services, including: Members Voluntary Liquidation

Contact Barry Donohue bdonohue@oconnorpyne.com

Rescue, Recovery & Realisation

In business, disputes will arise, this can be related to a range of issues including:
- fees - the dissolving of a partnership - the valuation of an asset All too often these cases end up in protracted, acrimonious and highly expensive legal battles in front of the Courts. Going to trial is expensive and stressful, oftentaking months or years of costly litigation, with no guarantee of an outcome that satisfies the parties when you get there. In the current economy, businesses can no longer afford months or years between court appearances or continuing ruptures to business relationships. Mediation has become a significant area of importance to many Clients. In order to avoid additional costs andextensive legal arbitration, we provide a service that includes a financial model, a fresh approach to a situation and we can identify new possibilities that parties may not have identified previously. Mediation is a process in which an impartial and independent third party facilitates communication and negotiation. The benefits of reaching agreement through mediation are often very significant, both financially and personally. Mediation is entirely private and can help to avoid unwelcome publicity. Mediation can be used as a platform to expedite a speedy and cost effective settlement arrangement. Mediators are absolutely neutral and are there to assist the parties to reach an agreed, mutually acceptable solution. Nothing is agreed until both parties sign up to it. The process is voluntary and either party can withdraw at any time. However, if a settlement is reached, it is legally binding.


Mediation

O’ Connor Pyne & Co. provide audit clients of all sizes with a client friendly approach to the audit assignment. We see the annual audit not just as a statutory requirement, but as an opportunity to gain a detailed understanding of your sector and provide an analysis of your business across multiple areas.

It provides us with an opportunity to identify risks and look for opportunities to improve controls within your field.
Our team will tailor the audit approach to suit the specifics of your business. This approach is professional, risk free and complies with all International Auditing Standards. These tasks are partner driven and overseen by our audit managers.
Our clients benefit from the wealth of knowledge, understanding and experience our team has gained and are available to address all queries all year round and not just for the duration of the audit assignment. We are here to help you understand the numbers in a way that you can grow your business.
We have more than 16 years experience in providing auditing services to private groups and public sector clients throughout Ireland.

Audit & Statutory Accounts

Payroll is one of the most important functions in a business, especially considering that it concerns the greatest asset that any company or organisation has – its people.
Outsourcing is a proven means of freeing up this time, but when the issue is as sensitive as payroll, businesses need to ensure that their payroll outsource partner is someone in whom they have full confidence. This form of outsourcing allows clients focus on higher priority areas to help grow their business. O’Connor Pyne & Co. offers companies, and especially SMEs, a modern, cost effective payroll outsourcing service which comes with the utmost of personal attention and quality customer service. The service has to be prompt and timely. We understand that payroll is not just about tax – you also need to take the time to understand each individual’s personal circumstances. Obviously with such a sensitive subject as payroll, security and confidentiality are paramount, but these are just the starting point for O’Connor Pyne & Co. The services offered here include:

Weekly, fortnightly, monthly and annual payroll services including payslips

Issuing payslips both standard and security

Calculations of net pay, PAYE PRSI and USC emergency tax and holiday pay

Provision of wage analysis reports as required

We cater for all employee categories. We manage payroll for staff of 1 to 200 for weekly, fortnightly and/or monthly.

We can assist and advise you on a wide range of payroll issues, even if you don’t

Payroll Services

There are many challenges a family business faces at each stage of its business life cycle.
We provide advice on wealth management strategies, income tax planning, capital taxes on wealth/asset transfers such as capital gains tax, gift and inheritance tax, and stamp duty. Our specialist staff help you make the best decisions for your business and your family providing advice in the following areas: - Strategic business planning - Succession planning - Personal wealth management - Employee incentive and retention packages - Employment and compensation policies - General business compliance - Tax efficient cash extraction For more information please contact a member of our team.

Family Business & Private Clients

With the economic climate so uncertain at present, it’s vital that businesses are run in a cost effective manner. An effective way of cutting costs is through outsourcing.

Outsourcing can give a company many benefits:

Access to up to date financial information in real time

Rule out holiday and illness disruptions to the business

More free time available to you to work on the core area of your business

O’ Connor Pyne & Co. our team of experts can offer a wide variety of outsourced solutions to suit the requirements of your business. These solutions allow our clients to focus time and capital on growing their businesses.




We provide complete back office support to businesses that allows the owners and staff to focus on running the business efficiently and concentrate on the core areas that determine the financial health and growth of the business
The services offered here include:

Complete all your tax compliance forms for the Collector General (VAT, PAYE/PRSI, RCT, Corporation Tax and Income Tax)

Completing monthly debtors and creditors reports

Services

Outsourced Bookkeeping