Hi all,
It has been a busy few weeks in the DIO unit. With December approaching, year end is on the agenda for a lot of our clients. This is a good time to speak with clients on various planning ideas which may be of interest to them.
In my last post, I mentioned that I visited a large multinational client together with the Partner and Manager on the job and we discussed a number of tax planning ideas that we felt were very relevant to this particular client. The client has decided to proceed with one such re-structuring idea and I have been busy assisting on this over the past few weeks. I have had a number of further meetings and conference calls with various individuals within the client's team who have different responsibilities with regard to implementing the proposal, together with the client's legal advisors. From the PwC side, I have had interaction with the VAT unit and Company Secretarial unit, both of whom are assisting us on this project. This is a good way of building relationships with those in other units who I do not work with on a daily basis.
I have also attended a meeting with a smaller client who has seen their business grow over the past year. Their projections for FY12 are positive and the client is hoping to implement some planning ideas in the new year so that their tax affairs are structured as efficiently as possible. I look forward to working with this client over the coming weeks. Hearing about the successful year the client has just had and their plans for expansion is definitely a good news story and very encouraging.
Over the past few weeks, we have had a number of training sessions on specific topics such as the Research and Development (R&D) regime in Ireland and Succession Planning. These internal sessions are delivered by our in-house specialists in this area and give us a good basis on which to have a discussion with clients. We have also recently been updated on developments in the corporate tax regime in the UK and how these changes might benefit our clients.
A firm briefing was recently given by our Senior Partner, Ronan Murphy. All staff of the Dublin office were invited to the Convention Centre and we were updated on all aspects of the firm and reminded of various highlights experienced by PwC over the past year of which to be proud. At the event prizes for "Above and Beyond" were also awarded. This is an award whereby staff can nominate their colleagues for achievements in various aspects of client service.
As the Budget will be announced next Tuesday, the tax practice will have a very busy week briefing clients on various changes arising from the proposals.
Until the next time,
Aoife
