The Minister for Finance Michael Noonan and the Minister for Public Expenditure and Reform introduced the budget and spending measures proposed for 2017. Minister Noonan set the scene stating that the taxation and spending measures would be split between a €300M reduction in tax and a €1bn increase in spending. In tax terms most of the announcements had been well flagged in advance with the main provisions being: Personal Tax USC rates decreased to : 0.5% on first €12,012, 2.5% on income between €12,013 and €18,772 and 5% on income between €18,773 and €70,044. No change in top rate of USC at 8% and no change in top rate of USC of 11% for self employed individuals with income in excess of €100,000 Earned Income Credit introduced in 2016 for the self employed will increase from €550 to €950. Exemption from Income Tax for income from renting a room in your home is increased by €2,000 to €14,000 from 2017. The deduction for interest on rented residential property will increased to 80% in 2017 with a commitment that the Finance Bill will contain measures to increase this each year by 5% until full relief applies. Business Tax VAT remaining at 9% for the tourism industry. Farmers can step out of income averaging immediately and defer tax liability to subsequent years. Continued commitment to the 12.5% Corporation Tax rate and also a review of the Corporation Tax code to be completed to ensure that the Corporation Tax code is in line with OECD model of taxation including recommendations on Base Erosion Profit Sharing (BEPS). Capital Gains Tax A reduced rate of Capital Gains Tax at 10% to apply on the disposal of a business up to a lifetime limit of €1m. Capital Acquisition Tax Thresholds increased as follows: Group A €280,000 to €310,000 Group B from €30,150 to €32,500 Group C from €15,075 to €16,250 First Time Buyers Scheme A scheme was announced whereby first time buyers up to €400,000 would be able to reclaim a maximum of 5% of the purchase price as a contribution to the deposit required under Central Bank rules. The scheme will operate as a refund of Income Tax already paid over the previous 4 years. Brexit Both ministers gave time to Brexit and set out that the Government intends to introduce measures to support industry to meet the challenges that Brexit will bring. Included in this was a commitment that Enterprise Ireland and the IDA will get additional funding to assist Irish businesses to drive exports and foreign businesses to set up in Ireland. There was also a commitment that several government departments will get funding to set up Brexit teams who will deal with the mechanics of Brexit. As always Budget 2017 is an announcement of intention and the legislation to put the intention into law will be contained in Finance Bill 2017 which will be published next week. The devil is in the detail and while Budget day has passed without much furore the Government will need to ensure that the detail of Finance Bill 2017 meets the agreement of all partners in Government and satisfies the confidence and supply agreement entered into with Fianna Fail. Read our full Budget Highlights in this PDF  and watch the video online #2016 #Budget #Budget2017 #BusinessinIreland

If you have been thinking about moving to the cloud we can help as we have recently taken the big step to move to the cloud. Read here what our Managing Director Alan Farrelly has to say: UHY Farrelly Dawe White Limited has moved to a cloud based environment with PowerHouse Cloud in May 2016, from an owned server system. PowerHouse have supplied IT Services to provide a secure and flexible cloud IT system. This has resulted in surety and security and a reduction in our business risk associated with our IT Infrastructure. Our experience with PowerHouse Cloud is that they have been responsive and knowledgeable. They have provided peace of mind from ransomware attacks, thus creating a lower risk environment. This outsourcing of our IT has freed up considerable time for our staff to focus more on our client needs. We would strongly recommend PowerHouse Cloud to other businesses looking for a dependable IT partner. So what are the benefits of moving your business to the Cloud? Reduce cost and time spent on IT Freedom to work from anywhere on any device Instant connection and software updates Free computer packages to access our cloud Flexibility and scaleability when you need it Full IT support 24/7 – 365 days a year Full security and disaster recovery Free review of your IT Read some further information in this detailed overview here . You can visit the PowerHouse Cloud website here . #2016

UHY Capability Statement 2016 This new edition of our annual capability statement illustrates how we have continued to strengthen our close working relationships with our clients locally, internationally or cross-border throughout sectors, specialisms and geographical regions – and, more importantly, it includes what our clients say about our services. Read Here #2016 #CapabilityStatement #UHYGlobal

UHY Global, a bi-annual magazine, gives you insight into international business topics, featuring thought-leading opinions and experiences from global contributors including UHY member firms, leaders of UHY service and industry groups and external sources. A true representation of what the UHY network is about. Our second issue covers the following topics: Think city, think local: Global megatrends are reshaping where people live and work and where businesses want to be based.  So, when it comes to property, should we be thinking city not country? And how do we know where’s hot and where’s not? Powerhouse potential: Bold, ambitious and alive with opportunity – the creation of the ASEAN Economic Community could transform the economies of ASEAN countries. As the new economic powerhouse takes shape, UHY Global looks at the prospects for businesses in and beyond the region. Rising to the oil challenge:  The collapse of oil prices by 75% in just 18 turbulent months has sent macro and micro-economic shockwaves through the global oil and gas industry.  Times are undoubtedly tough, but from adversity can come opportunity. UHY Global asked member firms of UHY’s worldwide energy sector group where to look for better news. Read it here #2016 #BusinessAdvisory #UHYGlobalIssue

Download our app today for free instant access to tax calculators, tax tables, mileage and income trackers and more… #2016

Businesses in Ireland enjoy some of world’s lowest corporation taxes – study of major global economies Headline rate well below global, G7 and European averages USA and Japan top table for highest corporation tax rates Businesses in Ireland are enjoying some of the lowest corporation taxes of any global economies, accounting for just an eighth of their profits, reveals a new study by UHY, a leading international accounting and consultancy network. According to UHY, Ireland’s headline corporation tax rate was 12.5% on taxable profits of USD 1,000,000 for the financial year ending 2015*. This is far lower than both the global average corporation tax rate of 27% and the European average of 25.3%. The G7 average is even higher at 32.3%. UHY explains that low corporation taxes can help countries create competitive advantage and fuel growth by freeing up more profits for re-investment, discouraging domestic companies from moving investment overseas and attracting foreign companies to locate there. UHY points out that Ireland’s corporation tax regime compares very favourably with other European economies. It is 8.5 percentage points lower than the UK (which charged 21% in 2015), and 16.3 percentage points lower than in Germany (28.8%). UHY adds that Ireland has had its corporation tax rate at 12.5% for nearly twenty years, since 1998. UHY tax professionals studied corporation tax data on taxable profits of USD1,000,000 in 31 countries across its international network, including all members of the G7, as well as key emerging economies. The UAE has the lowest corporate taxes of any country in the study – charging no corporation tax at all – followed by Ireland (12.5%) and several eastern European countries including Romania, the Czech Republic and Croatia. Comments Alan Farrelly of UHY Farrelly Dawe White Limited, a member of UHY: “Ireland is well positioned to seize competitive advantage from our comparatively much higher taxing western European neighbours such as the UK, France, and Germany, where other costs are also much higher than they are here.” “Ireland attracts well-known and international corporations, including Intel, Microsoft, and Google, because we have one of the lowest corporate tax rates in Europe. Ireland has become an increasingly dynamic and rewarding business location.” The USA is at the top of the table of economies with the highest corporation tax in the study, charging a headline rate of 41.1%. However, UHY points out that this is in fact mitigated by a variety of schemes and deductions which result in many businesses’ effective tax rate being far lower. Japan is next, despite reducing corporation tax by 2.5% in a year as part of Prime Minister Shinzo Abe’s “Abenomics” policy to stimulate growth in the Japanese economy following more than two decades of stagnation. Comments Alan Farrelly: “There is a global competition amongst countries to offer a lower corporation tax rate. It is not easy for a cash-strapped economy to do well in that competition but there are enormous advantages for those that can put themselves ahead of the pack.” “Enabling companies to retain more of their profits encourages them to re-invest more capital back into their business, helping to drive innovation.” “At fourteen and a half percentage points lower than the global average corporation tax rate, Ireland now has one of the most competitive regimes in the world. This is benefiting Ireland-based businesses of all sizes.” “Ireland is looking to help its domestic business base grow, while at the same time making a play for more corporate investment from overseas.” UHY says that of the 31 countries in the study, most (74%) have kept corporation tax rates the same over the last two years. Six (19%) lowered rates last year, while just two countries (Israel and India) raised it (see table below). Global corporation tax rankings (by highest rate levied) RankCountry2014-15 Tax Year data% Change since 2013-14Amount of corporation tax charged on $1,000,000Rate 1USA$411,000.0041.1%0.0%2Japan$385,793.0038.6%-2.5%3France$377,748.0037.8%0.0%4Argentina$350,000.0035.0%0.0%4=Malta$350,000.0035.0%0.0%6Belgium$339,900.0034.0%0.0%7Brazil$337,029.7033.7%0.0%8India$330,630.0033.1%0.6%9Pakistan$330,000.0033.0%-1.0% –G7 Average $323,205.8632.3%-0.8%10Italy$323,200.0032.3%0.0%11Nigeria$320,000.0032.0%0.0%12Australia$300,000.0030.0%0.0%12=Mexico$300,000.0030.0%0.0%12=Spain***$300,000.0030.0%0.0%15Germany$287,700.0028.8%0.0% –BRIC Average $279,414.9327.9%0.2% –Global Average $261,534.7327.0%-0.4%16Canada$267,000.0026.7%0.0%17Israel$265,000.0026.5%1.5% –Europe Average $233,294.5725.3%-0.3%18China$250,000.0025.0%0.0%18=Uruguay$250,000.0025.0%0.0%20Jamaica$250,000.0025.0%-5.0%21Denmark$243,460.0024.4%-1.6%22Netherlands$239,116.0023.9%0.0%23Egypt$225,000.0022.5%-2.5%24UK$210,000.0021.0%-3.0%25Croatia$200,000.0020.0%0.0%25=Russia$200,000.0020.0%0.0%27Czech Republic$190,000.0019.0%0.0%27=Poland$190,000.0019.0%0.0%29Romania$160,000.0016.0%0.0%30Republic of Ireland$125,000.0012.5%0.0%31UAE$0.000.0%0.0% *2014/15 **2013/14 *** In recent tax years, Spain has reduced the corporate tax rate from 30% to 28% in 2015 and to 25% in 2016, with start-ups paying a reduced 15% in their first year of profits. #2016

As you may be aware the Companies Act 2014 (“the Act”) has been signed into Irish law and commenced on 01 June 2015. The Act will impact all existing Irish companies and your company will be required to take action, in order to remain with the new legislation. HOW DOES THIS IMPACT ME AND MY COMPANY? All existing private limited companies will have to decide whether to convert to a simplified Company Limited by Shares (“LTD”) or a Designated Activity Company (“DAC”). Please see the attached brochure for more information on these company types. The Directors of the company are in the main part, responsible for this. WHEN DO I NEED TO TAKE ACTION? There is a period of 18 months (from 01 June 2015) allowed to complete the conversion process. We would recommend that your conversion happens in conjunction with your next compliance season. This will reduce the administrative burden on you. However, you may wish to complete the conversion process at another earlier/later suitable time. For those companies opting for the DAC conversion, then there is a 15 month time frame to convert. WHAT SHOULD I DO FIRST? The Directors should consider the following practical aspects of converting to an LTD or a DAC: What are the future plans for the company; Review the existing Memorandum and Articles of Association (“M&A”); to determine if there are any restrictions that would determine your new company type. Contact our Corporate Compliance team, who will be happy to assist you, or provide you with a copy of your most up to date M&A WHAT HAPPENS IF I DON’T CONVERT MY COMPANY? During the transition period all existing Limited by Shares Companies will be treated as DAC’s.  However, if at the end of the transition period, 30th November 2016, conversion has not been completed, the Registrar of Companies will enforce the change and convert the company to the new form LTD.  A new certificate of incorporation will then be issued automatically. Where no action has been taken the company may be deemed to have a corporate form and constitution that does not actually suit their requirements.  Conflicts will exist between the deemed constitution and the existing M&A as lodged in the public record, making it practically unintelligible as a stand-alone document. Apart from being poor corporate governance this may impact the subject company’s dealings with its own shareholders, with banks, potential investors, Enterprise Boards and any other third parties.  Directors may also be exposed where shareholders have been prejudiced by inaction. DO I HAVE TO CHANGE MY COMPANY MERCHANDISE/WEBSITE/LOGO ETC. AFTER RE-REGISTRATION? If you are re-registering your company as an LTD you will not have to make any changes as the suffix Limited or LTD will remain unchanged. If you are re-registering as a DAC the name of the company will be altered by the addition of the suffix “Designated Activity Company” instead of “Limited”.  The Directors must ensure that the new name is correctly reflected and should look at obtaining a new company seal, changing the name on stationery, websites, signage, amending share certificates and submitting amendments on property registers and registers of intellectual property. HOW WILL THE TEAM AT UHY FDW COMPANY SECRETARIAL SERVICES LTD ASSIST ME? Our team will be happy to guide you through the conversion process from start to finish and assist as follows: Speak with you and explain the process (if required) Review your M&A and provide you with a recommendation on a suitable company type Draft the complete suite of necessary documentation to complete your conversation File all applicable documents with the Companies Registration Office Notify you on the successful conversion and provide you with the new Certificate of Incorporation (as applicable) Our experienced Corporate Compliance team, would be delighted to assist you with any concerns you may have and also provide you with the necessary guidance and assistance to complete the conversion process for your company. Please contact Richard in our compliance team at richardwindrum@fdw.ie or on 042 933 9955, for further details. #2016

The tax take on the sale of owner-run businesses in  Ireland  risks seriously undermining entrepreneurship, with entrepreneurs paying  32.3% in tax on the successful sale of a $50m business*, compared to a global average of 19.8%, according to a new study by UHY, the international accountancy network. UHY collected information on the tax regimes of 25 countries across its international network to compare how much profit an investor in a typical small or medium size business would be allowed to keep when they sell their stake in the business, based on an initial investment of US$1m and the sale of the stake for US$10m and US$50m. Entrepreneurs in Ireland would fare still less well compared to a peer in one of the BRIC economies, where an average of just 16.7% in tax would be levied on their gain from a similar sale. Ireland would also take far more in tax from an entrepreneur than the average for the developed G7 countries which stands at 28.6% in tax. UHY says that this disparity in the rewards for entrepreneurship between Ireland and its global competitors puts Ireland at risk of discouraging entrepreneurialism and losing out as a destination for setting up a business. UHY explains that low taxes on capital gains, especially those made by entrepreneurs, help compensate for the financial risk involved in expanding a business.  They create a stronger incentive to keep growing the business, creating new jobs, with a view to attracting a substantial buyer, rather than keeping it as a smaller lifestyle business that employs fewer people and is easier to manage. UHY adds that in China – where the Ministry of Commerce estimates that entrepreneurial ventures are responsible for 75% of new jobs each year and 68% of exports – entrepreneurs are encouraged with a tax on capital gains below the global average.  Some smaller mid-size economies, including New Zealand, Jamaica, Nigeria and Croatia seek to encourage entrepreneurialism by exempting gains from the sale of a business in most common scenarios entirely. Alan Farrelly, of UHY Farrelly Dawe White Limited, comments: “Entrepreneurs in Ireland are hit with far more tax than the global average if they build a successful business and then look to sell it on.  With emerging economies and Eastern European countries becoming far more attractive  places to start a business –  their business environments are becoming more benign, they offer growing pools of affluent consumers, increasingly skilled workforces as well as a more favourable tax environment –  that is a real concern.” “Ireland needs to re-think how much it taxes capital gains or risk losing ground to rivals.” “Entrepreneurs that are capable of growing a business from a small size to a substantial enterprise should be enabled to take their rewards by selling the business.  High levels of taxes on the sale of a business will drive entrepreneurs to set up in other locations, divert their focus onto tax mitigation structures, or see them starting to run the company to maximise their own income rather than the growth of the company .” “Irish entrepreneurs have been relatively thin on the ground in the last few years, but with the economy improving, it could be time for the Government to consider encouraging domestic business creation by allowing entrepreneurs to keep more of their profits.” The study assumed that the business did not qualify for any targeted investment reliefs (e.g. to encourage investment in clean technology), and that the entrepreneur is the sole owner and investor in the business, single, childless and a national of the country, with an annual income of US$200,000 and no immediate plans to reinvest his or her profits. *with a profit of $49m based on an initial investment of US$1m. **with a profit of $9m based on an initial investment of US$1m. CountryTax paid if business is sold for $50m*% of tax paid if business is sold for $50m*Tax paid if business is sold for $10m**% of tax paid if business is sold for $10m** Germany$23,321,00046.6%$4,331,03043.3%France$17,640,00036.0%$3,240,00036.0%Malta$17,325,00034.7%$3,325,00033.3%Ireland$16,167,80032.3%$2,969,16029.7%Israel$15,680,00031.4%$2,880,00028.8% G7 Average $14,272,92128.6%$2,494,11725.4%USA$14,063,00028.1%$2,583,00025.8%Norway$13,230,00026.5%$2,430,00024.3%Netherlands$12,500,00025.0%$2,500,00025.0%Canada$12,137,30024.3%$2,229,30022.3%Spain$11,759,23024.0%$2,159,23024.0%Italy$11,696,19823.4%$2,143,99221.4%Australia$11,025,00022.1%$2,025,00020.3%UK$10,895,45221.8%$900,0009.0%Japan$10,157,50020.3%$2,031,50020.3%India$9,966,22819.9%$1,726,22817.3% Global average $9,892,94819.8%$1,786,93818.1%China$9,800,00019.6%$1,800,00018.0% BRIC average $8,334,05716.7%$1,474,05714.7%Romania$7,840,00015.7%$1,440,00014.4%Bangladesh$7,350,00014.7%$1,350,00013.5%Brazil$7,200,00014.4%$1,200,00012.0%Russia$6,370,00012.7%$1,170,00011.7%Uruguay$1,200,0002.4%$240,0002.4%Nigeria$00.0%$00.0%New Zealand$00.0%$00.0%Jamaica$00.0%$00.0%Croatia$00.0%$00.0% #2016

Western European economies* hit their highest earners with bigger tax bills than anywhere else in the world, as top earners in Ireland also pay more than their global peers. Our recent research shows that global average take home pay on earnings of US$1.5 million is US$897,970, with tax at 40%. In Ireland, the average take home pay on earnings at this level is US$734,798.09, with tax at 51.01%%. Western European nations levy 25% more in tax than the global average. That means that taxpayers in Western European economies with earnings of US$1.5million are allowed to take home only an average of US$745,563, paying 50% of their income in tax.  That is higher even compared to most other developed nations; for example top earners in Canada, the USA, Japan, New Zealand and Australia keep on average 57% of their pay. At a slightly more modest income of US$250,000 the gap is even wider, with taxpayers in Western Europe allowed to take home only 56% of earnings, compared to 65% in other major developed economies. Eastern European and emerging economies offer low tax rates to make themselves more attractive to top earners.  In Dubai and Russia flat rate, or no, taxation means that all taxpayers take home 100% and 87% of their pay respectively, while taxpayers earning US$1.5 million in Slovakia, the Czech Republic, Jamaica all keep more than 70% of pay. The message that high taxes on top earners are uncompetitive has had some impact in Western Europe, as several governments (particularly the UK and Italy) have taken steps to curb taxes that they fear will prompt a brain-drain of talent and major investors – particularly in the UK and Italy. However, the gap between how heavily you are taxed in Western Europe compared to other developed economies remains striking, especially at the US$250,000 level.  That’s a typical income for a successful engineer, marketer or head of IT. As the global economy starts to improves and new job opportunities open up, governments around the world need to keep a close eye on income taxes to make sure that they do not cede any advantages to their rivals. * France, UK, Italy, Austria, Belgium, Spain, Ireland, the Netherlands and Denmark. Find The Full Study Here #2016

Whilst historically bankruptcy was viewed as a solution of last resort, with many perceived stigmas attached to it, an overhaul of Irish bankruptcy legislation has now made this a potential option to consider when assessing the sustainability or otherwise the level of debt accumulated by an individual. It is now six years since the economic crisis first hit Ireland and many people are now debt weary – they are simply tired of battling on with unsustainable debt with no prospect of ever returning to solvency. The banks are also contributing to this situation as they seek to avoid debt write downs with the upcoming stress testing of European banks. For many people, if debt negotiation and other personal insolvency options fail or are unsuitable, then bankruptcy is another option. With the term for automatic discharge from bankruptcy now reduced to three years (from twelve), the numbers taking advantage of this process has risen sharply, and we expect this rise to increase at an even greater rate in the near future. The main advantage of bankruptcy is debt write off. If you declare yourself bankrupt then on the day of adjudication all your debt is immediately written off. In the first quarter of 2014, 66 people were declared bankrupt. Between them they had a total of €136m in debt written off – an average of just over €2m each. Once you are declared bankrupt, any assets you own automatically transfer to the Official Assignee who will sell the assets and distribute the proceeds amongst your creditors. The Official Assignee will take the needs of the family into consideration in his treatment of the family home. You can continue employment during your term of bankruptcy, and the Official Assignee may require a contribution towards your creditors for a period of up to five years. You may not act as a company director or an elected representative once you are declared bankrupt and obtaining finance of any type (credit card, store cards, hire purchase, etc.) is virtually impossible. However for many individuals this is still potentially a sensible option to release them from the pressure associated with dealing with an unsustainable level of personal debt. At UHY Insolvency we provide professional advice on all aspects of bankruptcy together with other debt options and we can complete all documentation and legal submissions in relation to bankruptcy if this option is the chosen route. Why not contact us and see if bankruptcy could be the debt write off solution for you? Thomas Mulholland Personal Insolvency Practitioner thomas.mulholland@uhyinsolvency.ie 1890 987 913 042 939 4200 #2016

Much has been documented about the boom times of the last decade and in particular the subsequent spectacular crash which first manifested itself towards the end of 2007. Hardly a business or indeed individual in the country has been able to avoid the impact of same in some way on their daily life and routine. Individuals experienced unemployment, reductions in wages, increases in taxes, decimation of pension funds, high increases in both energy costs and the daily cost of living and often had to deal with unsustainable levels of debt which had built up in the periods prior to the crash. Businesses experienced significant reductions in their sales and consequently in their ability to generate profits. They also faced increased taxes, reductions in bank finance coupled with increased finance costs, increasing energy bills and a lack of opportunity in the export market. Everyone was finding themselves squeezed financially from many angles. The focus for everyone became survival and almost every business and individual had to make many sacrifices in order to try and guarantee their survival. Not all managed to hang on and come out of the other side of the recession and the level of unsustainable debt in particular led to an overhaul of the insolvency laws with many entities and individuals finding themselves in the position of having to avail of these new provisions in some form or other. Those businesses that did survive often did so by making what they perceived to be relevant efficiencies – stock levels were reduced to avoid tying up cash, marketing and advertising became a luxury as opposed to a necessity, repairs and preventative maintenance were preferred to capital expenditure and employee training and upskilling was often postponed. Whilst the end result may have been achieved in terms of survival, these businesses must now face the impact of these perceived efficiencies as the economy starts to show some tentative signs of a business revival. The key issue is how have these perceived ‘efficiencies’ which many business owners and leaders implemented during the survival period actually impacted on their businesses in the early stages of a revival and how do they go about addressing these now. Now that business leaders are starting to think more towards growth strategies again as opposed to operating in survival mode, it could, very understandably, be difficult to commit to spending on marketing, capital expenditure, expansion, upskilling, training and modern IT processes when it took all their skill and leadership to stabilise their business during the recession years. However for many business owners and leaders, the key to growth and long term survival is their ability to adapt to the modern, much changed market environment. How they go about adapting to the necessary changes is the next challenge they face. Most business owners, when understandably focussing on survival, may have overlooked potential growth opportunities to the extent that they need to change their approach post -recession to deal with the more modern and often more global marketplace. After years of closely monitoring visible costs, in particular cutting out what was often seen as unnecessary or discretionary spending, revising their approach to these costs can present a challenge, particularly if the end result of these costs may not be as visible in the current market place as it was pre-recession. In particular modern IT business processes have developed and continue to develop at an alarming rate when the rest of the business world was ‘cutting its cloth’ to deal with the downturn. Internet and global sales are now an integral part of many successful growth businesses – this is a challenge many business owners and leaders must come to terms with in the newly emerging business world. To deal with these challenges it is often essential that IT systems have to be upgraded, customer expectations have to be carefully ascertained and matched to product, new product development is essential to keep up with the ideas continually being brought to market by the new breed of entrepreneur emerging, staff often need to be upskilled and trained to meet these needs and many modern businesses now need to be able to operate on a 24/7 basis as opposed to the old 9-5 five day week. To deal with these challenges requires investment, both a combination of financial and time investment. Whilst all confident business owners and leaders are often willing to invest as much of their time into any business as it requires to make the business successful, all business owners and leaders are well aware that sourcing finance is not as easy now as it was previously – to generate same requires confidence in the business coupled with a good sound business plan setting out the direction for the business. Ultimately success or failure will be measured against such a plan. Previously these plans were seen predominantly as a financial tool – this is no longer the case. All facets of modern business have to be fused together to drive a successful business forward – marketing, production, distribution, HR, IT, investment, management and financial matters are all equally important components of a modern business and all require financial and time investment. If these components are not addressed it could well prove difficult to any business emerging from recent challenging economic times to ultimately succeed. Now is the time for the businesses emerging from the recessionary period to address these issues. These businesses have already been in the market and ultimately have a foothold, however tentative, over the new start-up businesses which have to establish themselves from scratch. If they do not move quickly to bring themselves ‘up to speed’ with the modern business environment they could find it a challenge to move forward profitably and successfully. It is time for these businesses and their leaders to realise their full potential, to move their businesses from a period of stabilisation and survival to a period of expansion and growth, from a period of closely monitoring every cost to a period of rebuilding profits. We at UHY Farrelly Dawe White Limited have the forward thinking professional expertise locally and the connections with our like-minded international associates globally to be in a position to help your business to grow, to provide it with professional guidance and to assist with all of the individual components required to make it a success, both locally and where relevant, globally. The message to all forward thinking business owners and leaders is clear – start developing your business for the changing business world now and plan today for your future. We can assist you to achieve these aims and objectives by working closely with you and your business. If you would like to meet us to look at the ideas and options available to you and your business and how you might start to develop these please feel free to contact us. Our team of experts have many years of professional experience and expertise in dealing with all aspects of business life – we are willing to share these with you! Contact Gareth Evans on (042)9339955 or email garethevans@fdw.ie for an initial consultation. #2016