Junior Achievement Ireland celebrate 20th Anniversary
For more than five years, members of EisnerAmper Ireland have volunteered with the Junior Achievement Ireland (JAI) Programme. JAI is part of a worldwide organisation reaching out to 9.3 million young people each year, encouraging young people to remain in education while helping them to develop important skills needed to succeed in a changing world. The programme operates across primary and secondary level schools and fosters a spirit of enterprise within participating schools.
Junior Achievement is celebrating its 20th year in Ireland and last June they gathered a group of fourth class students from St James’s School, Basin Lane, Dublin 8 to celebrate. Over the course of a morning, the group of students, with help from volunteers, used their budgeting skills to establish what they considered to be of value and importance in today’s society in the form of their ‘Children’s Budget’. The students then presented their budget to Minister for Children, Katherine Zappone TD on Wednesday 14 September. A short video has captured the student’s work which highlights the value of corporate contributions to JAI over the past 20 years.Latest News →
Aer Lingus College Football Classic
Jackets lined out for the Aer Lingus Football Classic at the Aviva stadium. As co-founders of Ireland Gateway to Europe and reflecting our focus upon advising US and international companies doing business in and through Ireland, EisnerAmper Ireland was delighted to attend the event. Partners and managers from EisnerAmper Ireland brought 25 clients and contacts of the Firm to the game as their guests.
The game saw Boston College defeated by Georgia Tech 17-14 when freshman Dedrick Mills capped a 59-yard touchdown with a 4-yard scoring run with 35 seconds left. The Georgia Tech Yellow Jackets were presented with the Keough-Naughton College Football Trophy. Despite the rain, there was a great atmosphere at the Aviva stadium and the experience was enjoyed by all in attendance. The game was aired live on ESPN to an audience of 1.4 million US viewers and was attended by 40,000 fans that traveled from across the US and Europe for the game. Highlights from the game can be seen here.
For more information about EisnerAmper Ireland’s focus of advising US and international companies please see here.Latest News →
“A Smile for Ryan” Golf Classic
On Friday 5 August, Ray Kelly, David Gaule, Cian Collins and Aidan Lundy, from EisnerAmper Ireland’s Financial Services team played in a charity golf classic in Laytown & Bettystown Golf Club to help raise money for “A Smile for Ryan”. Ryan Coyle is a two-year-old boy from Duleek, Co. Meath, who was diagnosed in January 2016 with stage 4 Neuroblastoma, a childhood cancer that most often affects children under five. 60 – 70% of children with neuroblastoma cancer relapse after going into remission and therefore Ryan’s parents are aiming to raise €300,000 to send Ryan to the US for a treatment called DMFO. This is the only treatment currently available to prevent a relapse. A total of 28 teams took part in the golf classic which raised a total of €11,833. Well done to Ray, David, Cian and Aidan and to everyone that helped make this event a huge success.Latest News →
EisnerAmper Ireland meet with Chinese entrepreneurs
On July 18 2016, Frank Keane, Ian Wilson and Hao Wang presented to a delegation of Chinese entrepreneurs, from the distinguished Tsinghua University Entrepreneurs Club, at The Croke Park Hotel in Dublin . It was an opportunity to showcase Ireland to the Chinese delegation and give an insight into EisnerAmper Ireland’s areas of expertise and history of assisting clients internationalising from China.
The presentation covered the topic of Internationalisation and findings of an Internationalisation study carried out by EisnerAmper Ireland in late 2015. The results of this study are available here.
To find out more about our International Trade offering please click here.Latest News →
EisnerAmper Ireland’s views on UK’s EU referendum result, in conversation with CNBC
David Montgomery, Partner and Head of Risk & Regulatory Advisory at EisnerAmper Ireland, shared some thoughts with Jon Marino, a reporter for CNBC.com, on the UK’s EU (Brexit) referendum.
Now that the UK has voted to leave the EU, providing clarity as to their direction of travel (subject to the UK government triggering Article 50), market uncertainty will now focus on how that exit will be negotiated, how long it might take and what will happen in the UK, the EU and global marketplaces over the short and medium terms. While there will be uncertainty and volatility, we expect there to be opportunities for jurisdictions like Ireland to provide market routes for global firms into Europe that have traditionally gone through the UK. Ireland is well placed to support the UK by providing and maintaining a route for UK firms to the EU marketplace with minimal interruption and low frictional cost.
Banks, insurers and investment firms within the UK already have well-developed contingency plans that will now be implemented. The fact that the European Central Bank licenced the Irish supervisory framework for use in their Single Supervisory Mechanism is a strong selling point for the high regard in which the Irish regulatory system is held internationally. This is expected to result in an increase in applications for authorisation to the Central Bank of Ireland, as many such corporates have been examining this possibility for some time while also scouting for office space over the last year.
The article was published on CNBC.com on Friday 24 June. The referendum took place on Thursday 23 June, the result being in favour of leaving the EU (51.9% of the vote with 17.4 million votes). Markets around the world have been shocked by the result. Select here to read about the key considerations for businesses in the wake of the leave result.
To read more about Brexit and to download our Brexit guide please select here.Latest News →
British referendum on EU Membership (Brexit) Result
Now that the UK has voted to leave the EU, there are many political matters that will require decision-making and negotiation at a European Union and UK level. How long it might take, what form it might take and what the end result might be is at this point unknown. However, as the withdrawal mechanism in Article 50 of the Lisbon Treaty will take at least 2 years from the date of formal notification to the European Council, despite the uncertainty business will continue, as usual, on a day-to-day basis.
Although politicians have much to consider, businesses currently based in the UK or those who were previously considering the UK as a route to EU markets also have decisions to make at a strategic, tactical and
operational level. At this point, key areas to consider include:
- Structure – the rationale for, and structure of, your international operations (e.g. cross border compliance issues, accessing EU markets in the most cost effective manner possible);
- Tax – implications arising from the point at which the UK ceases to be a member of the EU (e.g. repatriation of profits, holding company structures and VAT); and
- Regulation – issues affecting the structure and movement of finance, financial services and providers including legislative requirements, applications for authorisation and dealing with supervisory authorities (e.g. central banks and other regulatory authorities).
How we help
As a firm of specialist accountants with a focus on three markets; Financial Services, International Business and Government, we advise global financial services providers, life sciences and technology businesses, and their advisors on all aspects of doing business in Europe through Ireland.
We are experts in the provision of Audit, Tax, Advisory and Outsourcing services. Our approach is to provide established international companies and start-ups with the strategic insight, local knowledge, ideas and support necessary to facilitate their overseas expansion into Europe via Ireland. This is what we do every day.
The decisions businesses now face require multiple service delivery solutions. We are fully integrated into the international trade ecosystem. As a founding member of Ireland, Gateway to Europe, we work closely with industry leaders, entrepreneurs, service providers, trade bodies, Irish and international law firms, and government bodies such as Enterprise Ireland and IDA Ireland.
For more information please visit www.eisneramper.ie or call our Brexit Advisory team on +353 1 2933400.
EisnerAmper Ireland is the Irish owned member of EisnerAmper Global, a specialist network of independent member firms operating via global financial trading hubs.
To read more about Brexit and to download our Brexit guide please select here.Latest News →
Frank Keane meets with students of Notre Dame University
On June 21 2016, Frank Keane, Partner and Head of International Business, joined Michael Naughton, VP of Marketing in Diona and Jan Sanders, MD in The South Bend Clinic, Illinois for the Professional Development session hosted by the Keough Naughton Notre Dame Centre. The session, entitled “The Power of the Network” took place in O’Connell House, Dublin, home to the Keough Naughton Centre, which hosts a range of academic programmes for the University of Notre Dame, and was attended by students from Notre Dame University who are in Dublin on a work experience programme as part of their college degree. Frank shared his knowledge and skills in the importance of developing a strong network and spoke of EisnerAmper Ireland’s relationship with Notre Dame University.
To learn more about our International Business offering please select here.Latest News →
Premier International Associates Conference, Toronto
Jennifer Kelly, International Business Director, and Aoife O’Leary, Assistant Manager in Tax at EisnerAmper Ireland, travelled to Toronto to attend the Premier International Associates Conference which was held from 3 to 5 June 2016.
EisnerAmper Ireland is a member of Premier International Associates, a global network of accounting, tax, legal and business consulting firms. The bi-annual conference presents members with the opportunity to build relationships with member firms and to gain in-depth insights into technical updates through attending the presentations, Q&A sessions, group discussions and workshops offered by members.
The June conference took place in the Park Hyatt Toronto and was a great opportunity for Jennifer and Aoife to network with other member firms.
For more information on EisnerAmper Ireland’s International Business offering please click here.Latest News →
Frank Keane interviewed for Global Finance magazine
Frank Keane, Partner and Head of International Business, was interviewed by Karen Kroll, reporter with Global Finance, in relation to International Business planning and the possible impact of BEPS. Karen’s article “Tax Planning Goes On Steroids” is in the June 2016 edition of Global Finance where she cites Frank on his point that although many of the principles in BEPS don’t have any legally binding status, countries might opt to incorporate them into their tax codes anyway but that this should not impact on Irelands position in being the location of choice for international expansion. The full article can be viewed here.
Since mid-2015, Frank and the International Business team have been carrying out a study in the US and Ireland on the motivations for internationalisation. In 2015, the media narrative in the US was around Ireland’s position as a location of choice for internationalisation being primarily tax driven, however this did not fit with the clients that EisernAmper Ireland were working with and therefore it was decided that the motivations for internationalisation are varied and worth understanding.
One finding of
the study is that the most common reason companies internationalise from the US to Ireland is to be closer to their European customers and to understand their buying behaviours. However, there is no “European” buying behaviour, each country is different. That means you need to be able to understand each country’s culture and nuances. To do this you need people who were born in each European country to work with customers from those countries. Your choice is to open operations in each country or find a location where people from all over Europe will come and live. Ireland is that place and EisnerAmper Ireland have those people.
To find out more about our International Business team and the specialist services they provide, please select here.Latest News →
EU Audit Reform
EU Audit Reform aims to improve audit quality and restore investor confidence. It imposes new requirements on Public Interest Entities (PIEs) directors, stakeholders and their auditors.
The European Union (Statutory Audits) (Directive 2006/43/EC, as amended by Directive 2014/56/EU, and Regulation (EU) No 537/2014) Regulations 2016, S.I. No. 312 of 2016, take effect from 17 June, 2016. These regulations give effect to Directive 2014/56/EU and certain provisions of Regulation (EU) No 537/2014 enhancing the law relating to the conduct of audits, the independence of auditors (by including a restriction on the provision of certain non-audit services), and the appointment (and mandatory rotation) of auditors of Public-Interest Entities (“PIEs”).
Find out all you need to know about EU audit reform here.
A copy of the European Union (Statutory Audits) (Directive 2006/43/EC, as amended by Directive 2014/56/EU, and regulation (EU) No. 537/2014) Regulations 2016, SI no. 312 of 2016 is available here: S.I. No. 312 of 2016Latest News →
FCA careers evening – “Staying relevant in a challenging market”
On June 9 2016, Frank Keane, Partner and Head of International Business was invited to speak at the second careers evening of the year for FCA members. This event took place in Chartered Accountants House on Pearse street and was aimed at FCA members with an interest in looking at the need to stay relevant in a challenging market. A large part of staying relevant involves having a skillset and knowledge base that is current, marketable and transferable. Being relevant and staying up to date is essential to career success as it allows members to evaluate their skills and experience in relation to market developments. After the seminar, attendees were invited to network with other members over wine and canapes.
More about the event can be found on the Chartered Accountants website here.
To find out about the career opportunities with EisnerAmper Ireland, please click here.Latest News →
EisnerAmper Ireland supports Techies4TempleStreet
EisnerAmper Ireland is proud to be a Gold Partner for the 2016 Technies4TempleStreet event taking place in Dublin on 8 July 2016. Techies4TempleStreet is a unique charity event bringing together the technology community and its partners to network and compete in an intellectually challenging treasure trail while making an impact on the lives of the next generation of techies.
On 8 July, our team from EisnerAmper Ireland will meet in Dublin’s RDS with the other participating teams to be faced with questions, clues and activities and will utilise digital media platforms on the day to chart their progress. The winning team will be crowned the “Smartest Techies” at the post event party. This event will unite the technology industry with technology advisors, VCs, and lawyers, to compete in a treasure trail where strategy and team work will ultimately determine the winners.
If you would like to join us and over 1,000 others and take to the streets of Dublin for a unique treasure trail, combining outdoor activities with digital media challenges whilst making a positive impact to the lives of sick children across Ireland then register here now.Latest News →