John M Shanahan & Co.

linking practice to business

Chartered Accountants
Registered Auditors

Phone: 057 93 22100


To SIN or not to SIN - the Building Contractors administrative nightmare is set to continue.

December 23, 2015


Do Revenue want you to be their slave - it appears so, when it comes passing on the burden of administration now being imposed upon building contractors today with the introduction of the new  Site Identifier number or SIN as Revenue like to call it. The objective of the new system is to identify the locations of relevant operations at all times and who are working on those sites.

With this real-time system Revenue will probably know what site the Contrator is due to work on as soon as they know themselves (if not beforehand).

I am not suggesting they will be on-site before you, I am not suggesting they hold your shovel while you fumble for your paperwork, but what I am suggesting is that this system is now being imposed for Revenue's benefit, in their ongoing effort to effectively monitor the building trade.

We at, John Shanahan of John M Shanahan Accountants, Tullamore, Co Offaly outline how this will operate - and the usual T&C's apply when it comes compliance.


Read more: Building Contractors new SIN regime

Business owners have an opportunity to "splash the cash" and show their appreciation for the good work done during the year without Revenue looking for their cut.

December 15, 2015

Employers can reward employees under the Small Benefits Exemption

Scheme with a non-cash bonus of up to €500 completely tax free this year 2015.

But of course there are conditions attached  John Shanahan of John M Shanahan Accountants, Tullamore, Co Offaly outlines the safe path to ensuring the money is tax free.


Read more: Year End Bonus Payments

Business owners & owner directors are now in the line of fire, as Revenue beat the B-I-K warpath.

December 9, 2015


Revenue are currently testing the defences along the B-I-K lines to see is there any weaknesses that can be probed. If they get through they can play havoc with your cashflow walking away with serious booty in the name of personal taxes interest and penalties.


Armed with this information it becomes incumbent upon you to review your defences to ensure there are no chinks in the armour and that every aspect stands up to scrutiny, John Shanahan of John M Shanahan Accountants, Tullamore, Co Offaly outlines the course of action you should take as part of your review.


Read more: Benefit-in-Kind - in Focus

Our Payroll service - To save you both Time & Money

December 4, 2015


When you look at your payroll function and ask yourself:-

  • How long do you spend preparing your weekly/ monthly business payroll?
  • Is it diverting energy and resources from the core activities of your business?
  • Do you have the right software to automate the process and the available people to implement it?
  • Do you keep up to date with the ever-changing complexity of taxation and employment law to cope?

Act Now - New Calendar Year starts soon!

Outsourcing can free up valuable resources and allow you to invest them in more profitable areas of your business. When you take staff cost, training cost and annual software cost into consideration, outsourcing your payroll can be a real saving to your business.

Read more: Payroll Services Outsourcing

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