News News
Business
Do you help international companies enter new markets?
Join Aidan Scollard, Partner at Roberts Nathan, who in conjunction with Soft Land Partners will be speaking to professionals who help international companies enter new markets at this free online event taking place on Thursday 4th February from 4-5pm.
Register your attendance by clicking here.
February 1, 2021
News
Aidan Scollard Appointed as Non Executive Board Member
Congratulations to Aidan Scollard, Partner with Roberts Nathan on his appointment as Non Executive Board Member of The Saoirse Foundation – BUMBLEance, the children’s national ambulance service.
Commenting on his appointment, Aidan Scollard said:"I am delighted to be supporting this not for profit service. BUMBLEance is the first fully interactive ambulance on the planet specially designed for children and offering them safe and stress-free trips providing a wide range of entertainment on board to entertain them on their journey.
During my career, I have worked with a range of companies and foundations in the not for profit sector and I am looking forward to sharing this experience with The Saoirse Foundation - Bumbleance."
January 29, 2021
Business
CRSS and the Construction Industry
The two most important schemes available to employers and businesses across the country at this time are the CRSS (Covid Restrictions Support Scheme) and EWSS (Employment Wage Subsidy Scheme). Under the current CRSS guidelines, the construction industry is not permitted to make a claim under CRSS as they do not satisfy the guidelines whereby they operate from a fixed premises that is required to prohibit or considerably restrict customers from accessing their premises. They may still be eligible to claim the EWSS wage subsidy.
To learn more about this contact Brendan Murphy, Tax Partner at Roberts Nathan brendan.murphy@robertsnathan.com or call (01) 876 4550.
January 28, 2021
Company Acquisitions & Disposals
Deal Done – EnviroChemie Group acquires IWM
EnviroChemie Group, headquartered in Germany and a subsidiary of SKion Water GmbH, has acquired Dublin-based Industrial Water Management Ltd. (IWM) for an undisclosed sum.
Founded in 1976, EnviroChemie supplies sustainable system solutions worldwide for all the tasks involved in industrial water treatment and the treatment of process water, circulation water, cooling water, boiler water and wastewater.
IWM specializes in cooling tower, steam boiler and water hygiene services, including legionella control and water chemicals supply. With 30 employees, IWM generates an annual turnover of approximately €3m.
DWF Dublin (Ross Little, Head of Corporate) advised the shareholders and management of IWM on the legals, and Derek Dervan (Partner in Roberts Nathan) provided corporate finance and tax advice to the shareholders and management of IWM.
January 26, 2021
News
Cork and Dublin Office Christmas Opening Hours
The Cork and Dublin offices of Roberts Nathan will close for the festive season from close of business on Wednesday, 23rd December, reopening on Monday, 4th January 2021. We will continue to be available to clients who need our services during this time, please contact your Relationship Manager or Partner at Roberts Nathan for assistance when required.
Wishing you and yours a safe and peaceful Christmas and looking forward to working with you in 2021.
December 18, 2020
Business in Ireland
RN Podcast: 2020 – The Year that was, and 2021 potential for business growth
As we close out on 2020, we have produced a podcast where we take a look at the year that was, and provide our view on what businesses might expect in 2021. Aidan Scollard, Brendan Kean and Derek Dervan, partners with Roberts Nathan discuss three main areas likely to impact Irish businesses as well as some tips when planning for 2021:
1. The implications of the Covid vaccine on Irish businesses. Cashflow and succession planning have become very important for business owners, however some good has come from Covid in terms of the opportunities it has created for doing business in a new way. It may also bring about potential M&A and real estate activity, and possible increased consumer spending in the year ahead.
2. Brexit and planning around UK businesses setting up operations in Ireland.
3. Budget 2021 Capital Acquisition and Gains taxes, Entrepreneurial Relief, Pensions and Retirement Relief.
We hope you enjoy listening to our podcast and if you have any questions regarding any of the points raised please let us know.
December 17, 2020
News
Roberts Nathan Welcomes New Audit Director
Roberts Nathan has announced Eilish Haughton as a key senior appointment to provide and oversee audit and advisory services for entrepreneurial led and SME companies in Ireland and the UK.
Eilish Haughton is an experienced accountant with over 18 years’ experience gained in two of the top six accountancy firms in Ireland. Eilish is a Business Studies and Accountancy graduate of TU Dublin and a Chartered Accountant.
Welcoming Eilish to her new role, Brendan Kean, Dublin Managing Partner said:
"I am delighted Eilish has joined us, not only will she bring very strong functional experience to enhance further our audit and advisory services, but her addition will also grow our capabilities as a key full-service accountancy firm supporting Irish business and entrepreneurs.”
Eilish Haughton added, “Providing an attentive client service, combined with a strong reputation for excellence is what is different about Roberts Nathan – I’m very excited to join the team here and look forward to us delivering on our ambitious plans and building life-long partnerships with our clients.”
Established in 1997, Roberts Nathan has grown significantly since inception. With offices in both Dublin and Cork the firm has grown to become one of the most trusted professional practices in Ireland with a team of more than 50 professionals.
Pictured (Pre-Covid) L/R: Eilish Haughton, Audit Director; Brendan Kean, Dublin Managing Partner; Aidan Scollard, Partner; Derek Dervan, Partner.
December 2, 2020
Taxation
Budget 2021 Highlights
On Tuesday 13th October, Finance Minister Pascal Donohoe announced an unprecedented 2021 Budget package investing €17.75 billion in the economy. The Budget was focused on investment and helping businesses impacted by Covid-19.
We have prepared a brief summary of the 2021 Budget highlighting some of the key changes outlined by the Minister. Click on the link below to read.
Budget 2021 Highlights
October 16, 2020
News
Ireland Continues To Attract Foreign Direct Investment (FDI)
Over the past few decades Ireland has become a destination of choice for Foreign Direct Investment (FDI). The announcement this week by Apple to invest €850 million in the development of a new data centre in Co. Galway is further evidence that Ireland remains one of the top European destinations for FDI.
The investment by Apple in a new data centre is expected to create over 300 jobs during each of the phases from construction to operation, with an expected 100 to be created once the centre is fully operational. In recent years other companies such as Ericsson, Microsoft and Google have all invested their data capabilities in Ireland as our predictable climate and temperatures allow such companies to minimise the cost of cooling the vast level of equipment stored in the data centres.
World Bank “Doing Business 2015” Report
Apple’s €850 Million investment is not the only good news for FDI into Ireland. In recent months the World Bank’s “Doing Business 2015” report placed Ireland 13th out of 189 countries for ease of doing business, which is a jump of four places on last year. In addition to this, the report indicates that Ireland has ranked as 5th for ease of trading across borders and 6th for ease of paying taxes and protecting minority investors. When reviewing Irelands ranking for ease of paying taxes with comparator economies such as Canada, United Kingdom or New Zealand Ireland’s ranking increases to 1st place.Ireland Continues To Grow FDI
A recent briefing issued by IDA Ireland shows that there were 197 investments during 2014 which is an increase of 20% on the prior year. Of these investments 88 came from new name investors. Some other key indicators from the IDA briefing are as follows:- Employment in IDA client companies rose by 7,131 to 174,448
- 10,000 people are currently employed in construction projects with the IDA
- Exports increased by 2% to €124.5bn
- Irish economy spends increased by 8% to €22.4bn
- Research and Development (R&D) expenditure increased by 7% to €1.4bn
- Employees working in R&D increased by 9% to 11,522
Why FDI continues to grow for Ireland
As outlined above, Ireland has been a destination of choice for FDI for many years. This fact is further substantiated by the FDI Intelligence Report for 2014 which reports that Ireland was the only country within the European top 10 to record a growth in FDI project numbers. Given Ireland’s size and population securing FDI of €4.2bn is a strong result, especially when compared to FDI of €6.6bn secured by France. The principle source of FDI for Ireland is from the US, with investment of more than US$165bn. This level of investment by the US reflects higher than the total invested in the BRIC (Brazil, Russia, India and China) combined. So why does Ireland attract such levels of FDI? When we considered this question we identified a number of factors which contribute to Ireland’s attractiveness as a place to do business within the global market. Some of these factors include the following:- A skilled, flexible and adaptive labour force
- Corporation Tax Rate of 12.5% on trading activities
- Adaptable and efficient business legislation
- Barrier-free access to over 500 million customers in Europe
- The only English speaking country in the euro currency zone
- 25% R&D Tax Credit
- Double Taxation Agreements with 72 countries, of which 68 are in effect
The Future for FDI in Ireland
The recent announcement by Apple is a positive indicator that Ireland will continue to attract FDI in future years. To ensure the continued growth in FDI into Ireland it is important that Ireland continues to develop each of their strengths from providing a skilled labour force to ensuring ease of doing business for those investing in Ireland. As part of Ireland’s strategy it is vital that our Government acts on the announcements they made in Budget 2015 in relation to a “Roadmap for Irelands Tax Competitiveness”, which included plans for the implementation of a “Knowledge Development Box”. Ireland saw the beginning of its recovery during 2014 and it is expected that such recovery will continue through 2015. FDI will play a significant role in Ireland’s recovery which is why it is important for our Government and State bodies, such as the IDA, to ensure our FDI offering is the most competitive within the market and is therefore capable of attracting and retaining significant FDI. Images: Shutterstock
February 26, 2015
News
Forward Planning Seminar – Thursday 16 October 2014
The Partners at Roberts Nathan (incorporating Malone Power & Company) invite you to join them for a breakfast seminar on Thursday 16th October 2014.
At the seminar we will provide you with specialist tax and legal advice on what you need to consider when planning your retirement/passing on your business.
We will also provide you with valuable advice on pension planning and how best to structure your finances for your retirement.
For more details please click here: Forward Planning Seminar
Images: Shutterstock
September 30, 2014