Are you fit to be a Company Director
Individuals acting as company directors in 2011 are more aware than ever of the precarious nature of the role, given that many small to medium sized companies in particular are finding trading difficult. We at O’KellySutton Accountants are continually being asked to advise directors on best practice for good corporate governance. Corporate governance is relevant to directors of all companies. It is the term given to the way in which directors perform their duties in running the company. Smaller companies will not normally find it necessary to have as formalised an approach to corporate governance as a large company may require. In recent times, there is greater expectation with regard to the level of compliance of directors of all companies. Directors are well advised, therefore, to give careful consideration to the steps that they are taking to ensure that they are complying with company legislation.
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O’Kelly Sutton Organise IntertradeIreland Seminar in Kildare
Here is a recent press article of an event I organised to highlight an area of possible funding for businesses who trade with Northern Ireland. Picture on left – Paddy Savage (Intertrade Ireland) , Patrick Sutton (O’Kelly Sutton) and Peter Donnelly (Secret Cellar)
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Business Banking 2011 style
For many SME’s and family businesses, dealing with banks has become a real challenge in 2011. As is common knowledge banks are under massive pressure trying to deal with the fallout from years of excess. Simply put they are short of funds, so have a real difficulty themselves. There are dealing with massive property related loan defaults and now trying to balance their books.
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The Revenue Commissioners are Coming
Beware – Revenue Commissioners are coming your way !
Over 90% of revenue audits are selected for a reason, meaning the chances of a random Revenue Audit is small. However recently Revenue are getting a lot smarter in their approach as we highlight with examples below;
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IntertradeIreland Funding
Launch of €5 million support programme by InterTradeIreland for companies working on all Ireland collaborative innovation projects
Level of investment provides vital financial support for SMEs to develop and commercialise innovative products and services
Collaboration is key to commercialising new ideas, according to Minister Sean Sherlock speaking at the recent launch of InterTradeIreland’s Innova Programme which offers up to €5 million to help companies benefit from all-island collaborative approaches to R&D. InterTradeIreland is seeking applicants for the 2011/2012 Innova programme which will support 18 collaborative projects with a funding package of up to €300,000 each.
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