Azets Webinar: The UK & Ireland Trade Corridor – post-Brexit
EisnerAmper Ireland was delighted to participate in a Brexit webinar today hosted by our friends in Azets; an international accounting, tax, audit, advisory and business services firm. Today’s webinar, attended by more than 300 participants, focused on the UK and Ireland Trade Corridor – post-Brexit.
Frank Keane, Partner and Head of Client Internationalisation and Philip Slattery, Assistant Tax Manager at EisnerAmper Ireland, provided insightful contributions as guest speakers. Frank and Philip discussed challenges UK businesses will face post-Brexit and why UK firms might consider Ireland to future proof their access to the EU. Additionally, Frank and Philip provided an overview of Ireland’s compliance landscape and discussed areas for consideration for UK firms establishing operations in Ireland.
We would like to thank the Azets team who gave insightful contributions on today’s topics;
- Scott Craig, Partner and Head of VAT;
- Lucy Sutcliffe, Director of National Customs Duty; and
- Andy Dawbarn, VAT Partner.
Many thanks to the 300 plus participants who joined the webinar and the guests who contributed to our Q&A session.
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EisnerAmper Ireland hosts The Practitioner Academy 2020
The EisnerAmper Ireland Academy 2020, the Firm’s annual all-staff training programme, was held for the ninth year running on Thursday, 15 October. This year we were adapting and innovating to our changing environment and hosted our first Virtual Academy. The “Practitioner Academy” focused upon developing great practitioner skills to enable us to do great work for our clients in a changing world. We had an action packed line up of keynote speakers and thinkers, skills workshops, break-out and plenary sessions.
The Academy is specifically designed for our professionals to accelerate their “on the job” learning and to facilitate their journey towards becoming not just great accountants but exceptional advisers and practitioners. Participants acquire the necessary core awareness, knowledge, skills and confidence to successfully further their careers in practice.
The theme of this year’s programme was ‘Doing great work for our clients in a changing world’ and included workshops, technical training, team building and knowledge exercises reaffirming EisnerAmper Ireland’s commitment to achieving and maintaining excellence in everything we do. The workshops encouraged our staff to develop their design thinking skills and their self-awareness.
We would like to thank our guest speakers for their insightful contributions:
- Mark Nolan, Consulting Director, Genesis Consultants – Thoughts on our rapidly changing environment and the future of work;
- Catherine Guy, CEO Sixt, FAI Board, former Managing Partner, Byrne Wallace – Doing great work – Practitioner & client perspectives;
- Tony Carey, Managing Director, Cooney Carey – Skills and strategies for successful negotiation;
- Peter Cogan, Managing Partner, EisnerAmper LLP – Strategy & growth insights; and
- Stephen McCullough, Barrister at Law – Applying the Principles of Natural Justice.
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UK Resident Directors
Brexit – Implications for UK Resident Directors of Irish Companies
On 31 December 2020, the transition period between the UK and the EU will come to an end. If thereafter no agreement is in place, Irish companies which have UK resident directors may need to take action to ensure continued compliance with Section 137 of the Companies Act 2014. This is the requirement to have at least one EEA resident director. The EEA is the European Economic Area comprising all EU member states, in addition to Iceland, Liechtenstein and Norway.
In the event of a hard Brexit, an Irish company which currently has a UK resident director fulfilling this requirement should consider replacing the director or appointing an additional director who is resident in the EEA. In the event that a company does not have an EEA resident director, it can avail of one of two exemptions:
- Secure a Section 137 Non-EEA Resident Director Bond
A company can put in place a Section 137 Bond to the value of €25,000 to cover a failure by the company to pay a fine or penalty in respect of offences under the Companies Act 2014 and certain offences under the Taxes Consolidation Act 1997. The bond, which costs €1,750, needs to be put in place for a minimum two year-period.
- Apply for a Section 140 Certificate
A second option is for a company to apply to the Irish Revenue Commissioners and Companies Registration Office for a Section 140 Certificate confirming the company has a real and continuous link with one or more economic activities that are being carried on in the State.
Implications of EEA Resident Director Non-Compliance
Failure to meet the EEA Resident Director requirements is a criminal offence and could lead to a fine of up to €5,000. Additionally, under Section 725(1)(a) of the Companies Act 2014, the Companies Registration Office has the power to strike companies off the register if they believe them to be in breach of Section 137(1) of the Companies Act 2014.
The content above is provided for general information purposes only and is not intended to provide, nor does it constitute, professional advice on any particular matter. If you would like more information or would like to discuss any of the topics raised above, please contact eisneramper.ie.Latest News →
EisnerAmper Ireland attends Les Rendez-Vous de Septembre in Monte Carlo
Dave Montgomery and Tom Brennan, Risk & Regulatory Partners at EisnerAmper Ireland, attended one of the biggest events in the insurance calendar, Les Rendez-Vous de Septembre in Monte Carlo. The event was a great success and we were delighted to have the opportunity for members of our team to meet clients and connect with friends of the Firm.
Lez Rendez-Vous de Septembre is an international Reinsurance congress that facilitates participants meeting to discuss matters which concern the market. It also marks the beginning of the annual negotiation process prior to the renewal of Reinsurance treaties, encouraging high level contact and engagement which can lead to long term strategic alliances.
EisnerAmper Ireland is a firm of specialist accountants with a niche focus on the Financial Services, International Trade and Government sectors. As Head of Risk & Regulatory at EisnerAmper Ireland, Dave Montgomery leads a team in the provision of regulatory, risk management, audit and advisory solutions to Insurers and Reinsurers operating in or through Ireland. As a former regulator with the Central Bank of Ireland, Dave supervised insurance and reinsurance firms and also worked on the development and implementation of the PRISMTM framework. If we can assist you or your business in any way, please contact Dave Montgomery.
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Alan Garry appointed as Audit & Advisory Partner at EisnerAmper Ireland
We are delighted to announce the appointment of Alan Garry as Audit & Advisory Partner at EisnerAmper Ireland. Alan’s appointment represents a further strengthening of our teams advising the International Trade, Financial Services and Government sectors while adding significant experience, expertise, ideas and perspectives to our global network.
Alan leads the provision of Financial Accounting Advisory Services to the Firm’s domestic and international clients. Alan helps clients balance their business and commercial needs with the challenges arising from an increasingly complex financial reporting and regulatory environment.
Alan provides accounting advice relating to business combinations and group re-organisations, GAAP conversions, revenue recognition, financial instruments, share-based payment plans and distributable reserves.
Alan also provides Audit & Assurance services to a wide variety of clients from leading Irish corporates to international companies doing business in and through Ireland.
At EisnerAmper Ireland, we design and deliver business and compliance solutions to make trade happen – providing audit, internal audit, tax, risk & regulatory, outsourcing and advisory services. If you have any queries or if we can assist you in any way, please do not hesitate to contact Alan Garry.
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EisnerAmper LLP is awarded Best Global Accounting Firm 2019
We are delighted to announce that EisnerAmper LLP was named the ‘Best Global Accounting Firm’, for the third consecutive year, at the Hedgeweek Global Awards 2019.
The global service provider awards are among the hedge fund industry’s most prestigious and competitive awards. The annual awards recognise excellence among hedge fund managers and service providers around the world and are based on a rigorous peer review survey of Hedgeweek’s readers, which includes a global audience of investors, fund managers and industry service providers.
The high-profile awards ceremony took place in London on Thursday, 14 February 2019. Robert Mirsky, Partner and Head of EisnerAmper LLP’s London office and Caitlin Cotter, Audit Manager, accepted the award on behalf of the firm.
Charly Weinstein, EisnerAmper LLP CEO commented, “Thank you to Hedgeweek for again choosing EisnerAmper from among a global field of such distinguished accounting firms. Our dedicated financial professionals continue to work tirelessly to provide unmatched service and comprehensive alternative investment expertise that adds value for our clients and helps them grow their businesses.”
All winners of the Hedgeweek Global Awards 2019 can be found here.
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EisnerAmper Recognized as “Best Global Accounting Firm” at Hedgeweek’s Global Service Providers Awards
Hedgeweek, one of the hedge fund industry’s leading publications, announced that EisnerAmper LLP was named the “Best Global Accounting Firm” (for the third consecutive year) at its annual Hedgeweek Global Service Providers Awards ceremony in London on February 14.
The prestigious Global Service Providers Awards—among the hedge fund industry’s most highly anticipated and sought after—are based on a rigorous peer review survey of Hedgeweek’s readers, which includes a global audience of investors, fund managers and industry service providers.
“Thank you to Hedgeweek for again choosing EisnerAmper from among a global field of such distinguished accounting firms,” said Charly Weinstein, EisnerAmper CEO. “Our dedicated financial professionals continue to work tirelessly to provide unmatched service and comprehensive alternative investment expertise that adds value for our clients and helps them grow their businesses.”
“We’re both proud and humbled to again be recognized by Hedgeweek,” said Nicholas Tsafos, Director and Board Chair of EisnerAmper Global. “And we certainly won’t be content with a third win in a row. We’ll continue to work hard and hope to take home this award for years to come.”
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EisnerAmper hosts Secrets to Operational Due Diligence Breakfast Seminar with Eze Castle Integration
From left to right, EisnerAmper Global members: Edo Pollack, Rob Mirsky, Natalie Wellans, Zach Haas, Gavin Lee, Caitlin Cotter, David Carroll.
On Wednesday 13 February 2019, EisnerAmper Ireland’s Gavin Lee, Head of International Trade, and David Carroll, Director, attended the EisnerAmper / Eze Castle Integration; Secrets to Operational Due Diligence breakfast seminar in Prince Philip House in London.
The seminar shared secrets to operational excellence for Investment Management firms. The event was a great success and featured addresses from Dean Hill, Executive Director, Eze Castle Integration and Robert Mirsky, Partner and Head of EisnerAmper LLP’s London office. We were delighted to have the opportunity for members of our international team to share their expertise and connect with members of Eze Castle Integration.
The breakfast seminar explored the topics of investor perception of outsourcing and counter party risk, ODD red flags that may lead to investment deferment, cyber security risk factors & IT best practices and specific due diligence deliverables to prepare for investors.
For more details on EisnerAmper Ireland’s international trade team and solutions click here.
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Jennifer Kelly wins at Irish Women’s Awards 2019
Pictured: Joseph Halligan, Supervisor, International Business; Olive Brophy, Senior, International Business; Jennifer Kelly, Partner & Head of Outsourcing; and Brian Hillery, Partner, Advisory at EisnerAmper Ireland.
We are delighted to announce that Jennifer Kelly, Partner and Head of Outsourcing at EisnerAmper Ireland, has won the Services to Accounting & Finance award at the Irish Women’s Awards 2019. The award ceremony was held at the Crowne Plaza Dublin on Monday, 21 January 2019.
The Irish Women’s Awards acknowledge and celebrate the success of women entrepreneurs, businesswomen, professionals, civil servants, women in uniform, charity workers and many more that contribute to making Ireland a greater place to live.
Alastair MacDonald, Managing Partner at EisnerAmper Ireland said “The awards showcased many different examples of commitment and success of women across Ireland. Jennifer has played a key role in our Firm’s development, having joined the Firm in 2004 and been appointed as Partner in 2017. As Partner & Head of Outsourcing, Jennifer’s primary focus is on providing advice and support services to companies doing business in Europe through Ireland. Jennifer has played a key role in the development, coaching and mentoring of our team of more than 100 professionals. Jennifer also founded and chairs the Firm’s CSR Committee, demonstrating Jennifer’s and our Firm’s commitment to giving back to our community. We are delighted Jennifer has been recognised for these outstanding achievements.”
The winners for this year’s awards included women from a range of different sectors including accounting & finance, law, medicine, sports, government and technology.
Jennifer Kelly is a Partner and Head of Outsourcing at EisnerAmper Ireland. Jennifer’s primary focus is on providing advice and support services to companies doing business in Europe through Ireland. Jennifer also leads the Firm’s Corporate Social Responsibility (CSR) committee.
To read more, click here.
At EisnerAmper, we care about business and we care about the people we work with in business.
All winners of the 1st Irish Women’s Awards can be found here.
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EisnerAmper Ireland hosts Invest in Ireland – Entry to Europe in Toronto with Fasken & Whitney Moore
On Thursday, 29 November 2018, EisnerAmper Ireland, Fasken and Whitney Moore hosted a breakfast briefing for Canadian-based global technology, resources and life sciences businesses and financial institutions expanding their operations into the European market.
The briefing was held in Fasken’s office in Toronto, Canada. The event was centred around using Ireland as as a base in order to access the wider European market. The panel discussed the topic from a wide variety of different angles including investment, legal, accounting, tax and marketing.
Speakers & topics
Speakers and topics included:
Clifford Sosnow, Partner, Fasken moderated the panel which discussed key considerations and reasons to invest in Ireland in addition to opportunities surrounding Brexit.
Brendan Ringrose, Partner, Whitney Moore, Dublin
Brendan specialises in advising on mergers and acquisitions, corporate transactions, fundraisings and commercial agreements. He provided insights into setting up in Ireland from a legal perspective.
Cormac Doyle, Tax Partner, EisnerAmper Ireland
Cormac is a Partner and head of the Firm’s tax team, leading a specialist team advising clients who are setting up and operating in Europe using Ireland as a base. He offered insights in relation to setting up in Ireland from a tax perspective.
Gavin Lee, Head of International Trade, EisnerAmper Ireland
Gavin is EisnerAmper Ireland’s Head of International Trade. He brings with him over 20 years industry experience in the financial services, life sciences and telecommunications sectors. Gavin shared his extensive international business experience, having been previously based in the South Pacific, and more recently the EMEA region.
Deirdre Moran, IDA Ireland
IDA Ireland, Ireland’s inward investment promotion agency is a non-commercial, semi-state body, promoting Foreign Direct Investment into Ireland through a wide range of services. Deirdre shared insights from her 7 years’ experience based in the United States and Canada advising high-growth companies and the emerging technology sector with regard to investing in Ireland.
Stephanie Lopinski, Director, Global Communications, SOTI Inc.
Stephanie is a passionate storyteller, brand ambassador and marketing executive who coaches and develops teams to results. Specialising in high-growth companies, she has 10+ years of experience working across worldwide communications, brand, events, social and digital marketing for industry leaders including BlackBerry, Toyota and the Government of Ontario. She currently serves as Director of Global Communications for SOTI, an enterprise mobility & IoT management software company. Stephanie will join the panel to provide further insights into how Canadian companies can transition into Ireland.
At EisnerAmper, we care about business and we care about the people we work with in business.
Our dedicated International Business team advises global technology and life sciences businesses, financial institutions and their advisors on internationalisation. The approach of our team is to look at the client through the prism of their business model and vision. We provide them with the local knowledge, ideas and support necessary to facilitate their European international trade planning and execution. For more information contact Cormac Doyle.
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