Audit, Taxation and Investment Services

By: S. Macrory  05/12/2011
Keywords: accounting services, tax services, Compliance Services

Our Services include:

Our clients come from a broad range of businesses, from small to medium-sized businesses to large corporations.

S Mac Rory & Co. provides audit, assurance and accounting services to a wide-range of organisations from SME companies and closely-held businesses to not-for-profit entities. In delivering these services, we have gained extensive experience in a range of industries and financial service sectors. With this proficiency and broad skill-set, our professionals are able to perform audit, assurance and accounting services effectively, as well as provide you with timely, innovative recommendations. S Mac Rory & Co. can call on experience and expertise to assist with all tax matters for both businesses and individuals. We aim to assist you to: -
  • Comply with your legislative responsibilities
  • Organise you tax affairs in a tax-efficient manner
  • Develop sound strategies to maximise your wealth
Our Range of Tax Services are as follows:
We have a range of services to help you cope with increasingly complex Corporate Tax legislation. Our services include the following:
Corporation Tax compliance which includes the preparation of the Corporate Tax self assessment returns, calculation of liabilities, corresponding with the Revenue and agreeing computations, and preparation of claims and elections where appropriate to minimise tax liabilities. We also provide advice and compliance services for VAT. If you wish to know more about our tax services or would like to arrange a free initial consultation please contact us.
Value Added Tax is one of the most complex and onerous tax regimes imposed on business - so complex that many businesses inadvertently overpay or underpay VAT.
In addition the complexity means that valuable in house resources could be deployed elsewhere in the business. The ever widening scope of VAT, the constant stream of detailed changes to the regulations, call for a trained professional eye to ensure that you do not fall foul of the regulations and do not pay more VAT than you need to.
We can provide you with a cost effective VAT service, which includes:
  • Preparation of VAT Returns
  • Assistance with VAT registration
  • Advice on VAT planning and administration
  • Use of the most appropriate scheme
  • VAT control and reconciliation
  • Day to day advice on matters as they arise

Self-assessment for individuals and partnerships has brought increased burdens on all taxpayers as it is your legal obligation to meet the deadlines imposed by the legislation and avoid unnecessary fines and interest charges. We are highly experienced professionals in this field and we can help you to meet all of your tax obligations whether you are a private client, a sole trader, a partnership or a Company Director.
Our range of services includes the following;
- Preparation of personal and partnership income tax returns - Tax efficient remuneration planning - Planning advice on tax schemes - Inheritance/ Gift tax advice - Stamp Duty and Stamp Duty Land tax.
Advising sole traders and partnerships on their business structures and planning incorporation if it is tax advantageous.
S Mac Rory & Co. has in-dept knowledge and experience of helping clients to deal with Revenue auditors. As part of the operation of self-assessment, the Revenue Commissioners have significantly increased the number of Revenue audits they conduct. These audits are now widespread for income tax, corporation tax, VAT and RCT.
In addition, the powers of the Revenue Commissioners have expanded significantly and have become more onerous and complex. Penalties for non-compliance and the tax code also have increased substantially.
At S Mac Rory & Co., our services include pre audit health checks, liasing with the Revenue Commissioners during audits and negotiating settlements, where necessary.
S Mac Rory & Co. has significant experience in structuring tax-based investments and advising on tax-based investment opportunities.
In recent times, there has been proliferation in tax-based property investment. These have been in response to the need to regenerate certain part of both urban and rural Ireland. Other tax-based opportunities include nursing homes, hospitals and student accommodation schemes.
S Mac Rory & Co. has an excellent track record in advising both developers of such schemes and investors on suitable structures to maximise tax efficiency and suit their individual requirements. Company directors who underrate the importance of the role of the company secretary do so at their peril.
It is true that there are no qualification requirements for secretaries of private companies and certain filing and disclosure obligations are more generous for private companies than they are for public companies. However, directors and secretaries of private and public companies can be fined and face criminal prosecution for failure to comply with the administrative, disclosure and filing requirements of the Companies Acts. At S Mac Rory & Co. we provide advice and assistance to Company Secretaries or a fully outsourced solution through Market House Cosec Ltd. At S Mac Rory & Co. we have a wealth of experience in completing business plans and financial models across a broad range of industry sectors. Our clients range from start-ups and family businesses to large SME’s and we help them to develop plans that raise finance, grow their businesses and create additional shareholder value. Our professional team works closely with clients to identify each component of your business and your strategic direction, to document these in a professional and cohesive manner and ultimately create a set of financial projections investors and/or financial institutions. We continuously assess the strategic development and financial assumptions of your business, to ensure that your business plan is grounded in reality while also achieving its optimum growth potential.

Keywords: accounting services, Compliance Services, Corporate Tax, tax services