Growing businesses

One benefit of getting to know you really well is that we are able to recommend relevant and beneficial tax initiatives. For example, we routinely look at whether our corporate clients are involved in any endeavours which might qualify for research and development (R&D) tax reliefs or whether they could use an enterprise management incentive (EMI) scheme to help motivate and reward their employees. These reliefs and initiatives change over time, as do your circumstances, so regular reviews are recommended.

Many of our clients trade on both sides of the Irish border and rely upon the McAleer Jackson tax team to help them navigate the complexity of cross border VAT, Duty, income and corporate tax, and employment taxes. With the implementation of Brexit, that advice is increasingly important to maintain compliance with all tax authorities and to ensure cross-border trade is efficient and competitive.

A conversation with our specialists is a must for local businesses wishing to develop business interest in Ireland and the EU, and our team are willing to share their advice and practical experiences.

McAleer Jackson helps growing businesses seeking to expand through acquisition and has experience of many different sectors and business types. Our role ranges from identifying targets for you to acquire to the complete management of a transaction. You give us a brief and we will use the specialist research resources at our disposal to gather the necessary information, conduct our analysis and advise on the next steps.

We can prepare cashflow forecasts for your own specific use or to present to third parties, such as banks and financial advisers. They provide a handy indication of the day-to-day cash requirements of your business over a given period and often serve to highlight financial implications that might otherwise be overlooked. These forecasts can be tailored for use with new business projections or to help you develop and expand existing businesses.

We provide a tailored approach to every audit, which in part is based on the size and complexity of the business in question.

This is achieved through taking time to get to know and understand your business. We undertake thorough reviews of your systems and processes, to provide suggestions which can help strengthen governance and / or improve efficiencies.

Our understanding of your operations is important not only because it allows us to offer a personal service, but also enables us to understand the aspirations, issues and challenges of your organisation. This knowledge and understanding ensures our audit plan is developed around your requirements rather than imposing ourselves on you.

Good communication is vital for the delivery of a strong audit and we are committed to keeping both you fully briefed on our approach, our progress and our findings, through regular meetings and conversations between your key staff and ours, and concise meaningful reporting to your Board.

Whether you are a growing business, a not-for-profit organisation or are looking to sell your business, an audit is a sign of good governance and shows your insistence in having good internal controls and willingness to use external advisers – all of which are appealing to potential investors, as well as regulatory bodies.

Value added tax (VAT) is a key factor in business cashflow and potentially a real bottom line cost. Constantly evolving case law, statute and HMRC guidance makes compliance a continuous challenge. Less than excellent house-keeping can result in penalties, damaged reputation and/or missed opportunities. McAleer Jackson advises businesses and charities on the complex rules and regulations surrounding VAT, including:

• ensuring efficient VAT structures to maximise cashflow
• VAT healthchecks and reviews
• VAT related to property matters and sublets
• partial exemption
• defining how VAT should be applied to International transactions.

Whether you are looking to reduce costs or use VAT to achieve competitive advantage, we can provide the tax technical insights and skills you need to achieve the best VAT outcome. For more information on VAT contact us.