The firm was set up in 1970 by Vivian Nathan. There are now 100 employees and partners in Cork and Dublin. Our business is audit, taxation, corporate finance, wealth management and financial services.
Client ranges from multinationals to family businesses to professional partnerships and sole traders. Our work includes dealing with international structures for the multinationals, management of all compliance matters, advising on the set-up and exit from Irish business and management and preservation of wealth.
Twenty years ago we were the first Cork-based firm to do this. A presence in Dublin is required if a firm wishes to deal with multinationals.
We are members of HLB International and TTN. The HLB grouping has members in over 100 countries. We have found that enables us to have access to any information required by our clients in making business decisions worldwide.
TTN is a group of specialised tax firms. This group’s last meeting was in Stockholm. I learned Sweden has no gift or inheritance taxes - so perhaps I should advise my clients to retire there!
The firm has thankfully grown rapidly in the last 10 years. We have a policy of growing our own managers, but we also recruit senior staff with diverse business backgrounds.
The biggest growth has been in the Corporate Finance/Taxation/Wealth Management unit and in acting as a specialised tax consultancy.
It was inevitable. It was signalled by Revenue as an area of concern during the Public Accounts Committee enquiry. I feel that the past must be cleared up, but Revenue being totally taken up in the enquiries are taking their eye off the ball on the international scene. Ireland is competitive because of its tax rates but other countries are fast catching up on us. We need Revenue to be up-to-date with the tax systems in other countries so they can prepare legislation for changes to keep Ireland competitive.
Hopefully all the investigations will be finished before the current Revenue chairman retires in two to three years.
You have nothing to worry about.