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Sectors

Healthcare

BDO is one of the leading advisory firms i

Not for Profit and Trade Organisations

Encompassing charities, education, registered providers of social housing and trade organisations, our non-profit organisations group combine detailed sector knowledge with the reach of the BDO Int

Professional Services

We are leading advisers to growing businesses, both in the public and private arenas, offering a full range of services, while maintaining the close client relationship and accessibility you would

EVENT PHOTOS: THE FUTURE OF IRELAND'S HOTEL INDUSTRY, 30 JUNE 2011

BDO has hosted the third event of our 2011 "Future of" business breakfast series - "The Future of Ireland's Hotel Industry". The event focused on discussing the current performance of the hotel market and the outlook for the remainder of the year and beyond.

Key industry experts gave their insights on the day and BDO presented the findings from our 2011 Hotel Survey.

An opportunity to network over breakfast before the presentations conmmenced.


(L-R)Shaun Quinn, CEO Fáilte Ireland; Derry Gray, BDO Managing Partner; and Liam Griffin, Griffin Hotel Group.


(L-R) BDO Managing Partner Derry Gray, and Austin Hickey, BDO Senior Hotel & Tourism Consultant.

Event photos: Funding for growth in the technology sector, 1 February 2011

A breakfast briefing providing intelligence and insights from Intel, Enterprise Ireland and BDO.


Katharine Byrne, Partner, BDO.


(L-R) Michael Costello, BDO and Colin MacHale, Intel.


(L-R) BDO Partners Michael Costello and Katharine Byrne with Colm Mac Fhionnlaoich, Enterprise Ireland.


Colin MacHale, Intel.

Retail

Our specialised Retail team has a wealth of experience in the industry and provides audit, tax and advisory services. This experience, from single entity traders’ to leading multinational retail companies, covers the full scale of retail sub-sectors including grocery, fashion and home ware. The teams experience allows BDO to advise with expertise on issues facing the sector including high volume, EPOS systems, occupancy costs, margin issues and staff costing.

BDO advise retail companies on:

  • AUDIT:
    • Annual Audit
    • IT Audit.
  • TAX:
    • Tax Registration
    • Tax resident status
    • Annual Corporation tax compliance
    • Bi-monthly VAT returns
    • PAYE/PRSI returns.
  • ADVISORY:
    • Set up of Irish company
    • Payroll
    • Corporate Filing.

For more information please contact BDO Partner, John O’Callaghan, head of our Retail team.

Case Study - Managing Succession

BDO was approached by a family-owned supermarket business, founded and run by a number of brothers.

While all the shareholders settled into their own areas of responsibility over the years, one issue remained – how to plan for succession.

We helped the family agree a Family Constitution, which is similar in some ways to a shareholder agreement, but much broader, deeper and aspirational. Not only did it lay down a set of principles binding to all family members, such as rules for owning and distributing shares, it also governed how the second generation would join the business. In this case, the Constitution required that the second generation finished school and college and work outside the business for three years. They could only join if a suitable position came up which would require their qualifications. They would also have to go through the same rigorous application procedures as any outside candidate.

Also as part of our advice, the company established a Family Council so that family members, without day-to-day involvement in the business, could be kept in the loop. It also permitted two outside non-executive directors on board.

For further information about succsssion planning, talk to one of our experts in the private clients team.



Related content:

The Family Business Founder

Your Needs

As a family business founder, thoughts of succession planning have probably crossed your mind. Making decisions as to who will run and own the business are complex. There will be as many factors influencing your choices as there will be possible outcomes.

You may be ready to retire and are now faced with the tough decisions surrounding the choice of your successor, the person to whom you will entrust the business.

After years of investing all your hard-earned savings into building the business, you may now be wondering how you can enjoy what you have accumulated by extracting cash from the business in the most tax efficient manner.

You may also be considering business expansion and require additional finance to fund growth. Alternatively, you may have decided that it is now time to sell up and realise the business’ accrued value.

How we can assist you

The BDO Family Business Centre can facilitate both you and your family in the exploration of all these options and help you meet your business and personal goals.

Click on the following to find out more about some of our services which may be of interest to you:

  • Establishing Family Councils
  • Managing Succession
  • Formalising a Family Constitution
  • Improving Communication
  • Strategic Business Planning and Corporate Finance for families
  • Tax Planning for Family Businesses
  • Personal Wealth Management
  • Conflict Resolution and Mediation services

Alternately, contact a member of our private clients team.


Related content:

Technology, Media & Telecoms

Leisure, Tourism & Hospitality

With over 20 years experience, and a client base that includes over 10% of Ireland’s hotel stock, Fáilte Ireland, financial institutions, representative bodies, and numerous tourism businesses, BDO

Natural Resources

The development and use of renewable energy is widely accepted as priority in dealing with our growing

Business Owner Services

As the pioneers of family business services in Ireland and with experience spanning two decades, we at BDO pride ourselves in being the recognised authority on Irish family business issues.

Sector Expertise

"Working with colleagues across the BDO network to ensure that our

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