Case Studies
Explore our Case Studies to see how each of our clients receive quality advice & service to make their organisation more efficient, compliant & profitable.
View our Case Studies by Service or by Industry.
Explore our Case Studies to see how each of our clients receive quality advice & service to make their organisation more efficient, compliant & profitable.
View our Case Studies by Service or by Industry.
The Client:
A large UK-based supplier of Data Centre and Financial sector critical power solutions.
Background:
The client was referred to us by their specialist VAT advisors in the UK. They had been engaged to design, manufacture, deliver and install the UPS system at a data centre in Ireland. While the client was to engage Irish-subcontractors for the installation, they also intended on sending employees from the UK to carry out testing and commissioning.
We were asked to advise the client on any Irish tax compliance obligations arising for the client.
Our Work:
Benefits:
From the outset of the project, the client was clear on its tax compliance obligations in Ireland and was able to structure employees days on-site in Ireland to minimise its Irish payroll obligations.
The Client:
An Irish executive who has been living and working abroad with his family for the past number of years.
Background:
The client and his family were returning to Ireland indefinitely. He has various sources of income, such as foreign employment income (including share options) and a significant investment portfolio.
The client required advice on:
Our Work:
We performed an initial review of the client’s sources of income and identified tax reliefs that may be available.
Following this, we structured the client’s move back to Ireland in a tax efficient way:
We provided ongoing support in the form of tax compliance and various tax matters arising, as requested by the client.
The Client:
A fast growing North American media company wished to set-up a European operation to further its expansion.
Background:
Working with our DFK colleagues, we discussed with the client the advantages of using Ireland as its EU base.
Our Work:
The Client:
The client is a subsidiary of a German company and is engaged in supply and installation of vehicle testing equipment.
Our Work:
The Client:
Payac Services CLG (“Payac”) is a commercial shared services company established by credit unions to provide Member Personal Current Account Services (MPCAS) to credit union members in Ireland. Payac member credit unions comprise of a network of over 39 individual credit unions with combined assets of c. €7bn, a retail branch network of over 150 branch offices and over 1.2 million members.
Background:
Payac were seeking to engage with a professional services firm for the provision of a risk and compliance specialist with extensive experience in the provision of risk and compliance advisory services to the credit union sector and who understands the risk and compliance environment in which credit unions operate.
Payac was established by credit unions to provide support to member credit unions that wish to be authorised by the Central Bank of Ireland (“CBI”) for the provision of Member Personal Current Account Services (MPCAS). Authorisation was granted by the CBI on the basis that MPCAS would be a standardised product. The standardisation of the product extended to risk management and compliance.
The MPCAS product represents a new departure for credit unions. As such, it presents additional risk that credit unions will be required to identify, monitor, manage and mitigate. It also requires additional compliance requirements for credit unions. The MPCAS product includes a current account, debit card and overdraft facility with a limit of €5,000.
Our Work:
In support of Payac’s role to assist each member credit union in the management of risks arising from the implementation of MPCAS we provided the following services:
The Client:
fire.com is a regulated provider of payment services. Established in 2009, the business provides sterling and euro accounts, debit cards and advanced integration options so businesses can automate their payment processes and get access to different payment services – bank transfers, FX, debit cards, and open banking. Based in Dublin and London, the firm consists of two legal entities, Fire Financial Services Limited, an Irish incorporated entity (“Fire-EU”), authorised as a Payment Institution by the Central Bank of Ireland and Fire Financial Services Limited, a UK incorporated entity (“Fire-UK”), is authorised as an e-money institution by the FCA in the UK.
Background:
fire.com sought to engage with a professional services firm to carry out a review to determine compliance with its established Anti Money Laundering (AML) and Countering Financial Terrorism (CFT) policies and procedures.
Our Work:
In support of this compliance review we provided the following services to fire.com:
This New York based software development company has gross revenues of €50m. The company chose Dublin as its EU base to develop a new suite of software products.
We advised the company on the optimum corporate structure, with the objective of qualifying for Ireland’s corporate tax rate of 6.25% available for activities within the Knowledge Development Box (KDB).
In addition we assisted the company with decisions to assign, transfer or retire existing IP, establish separate group companies for developing new IP, advised on re-location of US/Non-US employees.
Working with the US based Group CFO, services we now provide:
We are now trusted advisors at the Board table providing continuous advisory services within the team of tax advisers, accountants and lawyers from several countries.
This multinational group of companies is a leading SaaS deployment solution provider, which effectively onboards teams to implement and integrate new SaaS tools, from start-ups to leading global enterprises.
Our relationship with the client began when we were engaged to carry out Irish compliance work. An opportunity to expand our service offering to include bookkeeping, management reporting and payroll services soon arose. This in turn led to the scope of our engagement being expanded to provide our complete Virtual Finance Services, using the cloud based accounting software Xero to manage the company’s entire Irish finance function.
Our work has since expanded to working with the client on their international growth strategy, in particular with their expansion into the US market from their base in Texas. Using the DFK Network, we provide all services required by their US subsidiary. Our Virtual Finance Team provides book-keeping and management reporting services while our DFK colleagues in Houston provide all local compliance services.
The growth of the business meant that the client recruited employees in Italy, Spain, Germany, Canada, UK and Romania. Using our DFK colleagues in these countries we managed the applications for registration as an employer in each country and the ongoing payroll processing and compliance is provided by the local DFK firm.
This large Italian IT service management company wanted us to expand our service offering to their offices located in 8 countries around the world.
Initially, we were engaged to provide management accounting and payroll services to the Irish subsidiary of this client. As our relationship developed, the client recognised the benefit of utilising our DFK network to provide services to their worldwide offices.
Working closely with our DFK colleagues, we now provide an integrated and robust global service to include:
Crowleys DFK coordinate the one-stop shop global service and act as the single point of contact for the client.
As well as the low corporate tax rate, Ireland was chosen because of the IP connection speed required to deliver the Infrastructure as a Service (IaaS) solution to their customers.
After meeting with the company executives in Ireland, we assisted the company with forming the Irish company and registering it for taxes. We also attended the initial on-site Irish Revenue Value Added Tax (VAT) verification visit.
We now provide the company with a suite of services, including:
We also provide the company with ad-hoc tax consultancy advices on various matters including VAT and withholding taxes.
This German owned, multinational company is engaged in supply and installation of vehicle testing equipment. The company employs over 1,200 employees in over 150 countries worldwide.
We provide the Irish subsidiary with a suite of services, including:
The Client:
A fast growing North American media company wished to set-up a European operation to further its expansion.
Background:
Working with our DFK colleagues, we discussed with the client the advantages of using Ireland as its EU base.
Our Work:
Since forming the Irish entity and registering it for taxes, we service the client with:
The Client:
A public sector client looking to outsource their payroll processes and systems.
Background:
For over five years, we have been providing weekly, fortnightly and monthly payroll processing for this body of 95 staff.
Our Work:
When we were appointed as payroll processing service providers, we carried out an initial review of their payroll processes and systems to identify weaknesses and recommend improvements.
The Client:
Payac Services CLG (“Payac”) is a commercial shared services company established by credit unions to provide Member Personal Current Account Services (MPCAS) to credit union members in Ireland. Payac member credit unions comprise of a network of over 39 individual credit unions with combined assets of c. €7bn, a retail branch network of over 150 branch offices and over 1.2 million members.
Background:
Payac were seeking to engage with a professional services firm for the provision of a risk and compliance specialist with extensive experience in the provision of risk and compliance advisory services to the credit union sector and who understands the risk and compliance environment in which credit unions operate.
Payac was established by credit unions to provide support to member credit unions that wish to be authorised by the Central Bank of Ireland (“CBI”) for the provision of Member Personal Current Account Services (MPCAS). Authorisation was granted by the CBI on the basis that MPCAS would be a standardised product. The standardisation of the product extended to risk management and compliance.
The MPCAS product represents a new departure for credit unions. As such, it presents additional risk that credit unions will be required to identify, monitor, manage and mitigate. It also requires additional compliance requirements for credit unions. The MPCAS product includes a current account, debit card and overdraft facility with a limit of €5,000.
Our Work:
In support of Payac’s role to assist each member credit union in the management of risks arising from the implementation of MPCAS we provided the following services:
The Client:
fire.com is a regulated provider of payment services. Established in 2009, the business provides sterling and euro accounts, debit cards and advanced integration options so businesses can automate their payment processes and get access to different payment services – bank transfers, FX, debit cards, and open banking. Based in Dublin and London, the firm consists of two legal entities, Fire Financial Services Limited, an Irish incorporated entity (“Fire-EU”), authorised as a Payment Institution by the Central Bank of Ireland and Fire Financial Services Limited, a UK incorporated entity (“Fire-UK”), is authorised as an e-money institution by the FCA in the UK.
Background:
fire.com sought to engage with a professional services firm to carry out a review to determine compliance with its established Anti Money Laundering (AML) and Countering Financial Terrorism (CFT) policies and procedures.
Our Work:
In support of this compliance review we provided the following services to fire.com:
The Client:
A growing company entering into a 20-year lease on a new business premises.
Background:
The client was referred to us by their solicitors. As the client carries out some VAT-exempt activities, they wanted to ensure they weren’t exposed to any future unforeseen VAT costs before signing the lease.
We were asked to urgently:
Our Work:
Benefits:
The client was able to secure the lease on the premises with their exposure to future VAT costs greatly reduced.
The Client:
An individual disposing of a substantial Irish property portfolio in different lots.
Background:
The client was referred to us by their solicitors. The client wanted to know whether or not to charge VAT on each property sale. Where VAT was to be charged, they wanted to ensure the correct VAT special conditions were included in the Contract for Sale of each property.
We were asked to:
Our Work:
We provided advice, often at short notice, during the negotiations on each property. Specifically, we:
Benefits:
The client was able to focus on selling his property portfolio for the maximum return without worrying about delays due to waiting on VAT advices.
The Client:
This Atlanta based data-hosting provider, required assistance in setting up a European operation in Ireland.
Background:
As well as the low corporate tax rate, Ireland was chosen because of the IP connection speed required to deliver the Infrastructure as a Service (IaaS) solution to their customers.
Our Work:
After meeting with the company executives in Ireland, we assisted the company with forming the Irish company and registering it for taxes. We also attended the initial on-site Irish Revenue Value Added Tax (VAT) verification visit.
We now provide the company with a suite of services, including:
We also provide the company with ad-hoc tax consultancy advices on various matters including VAT and withholding taxes.