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Edward Murphy, Head of Tax, was featured in Cork Chamber’s 200th anniversary magazine. He discusses Cork, the local Cork SME sector and it’s success on the domestic and global stage.

You can read the full interview below.

Q:   What’s it like to do business in Ireland’s fastest growing city region?

A:   It’s hard not to be excited by the hive of activity in Cork in recent years – from the myriad of new developments, a growing workforce and a thriving third-level education sector to the region’s continued success in attracting high-value overseas investment. However, it’s the global success of our indigenous Cork SME sector that is, perhaps the most exciting.

Q:   Why have indigenous Cork SMEs been so successful locally and globally?

A:   While Cork has a well-earned reputation in attracting and retaining foreign direct investment, the support it offers homegrown entrepreneurs and SMEs is second to none. Innovation and the ambition to think globally is nurtured through an excellent support ecosystem of start-up incubators, accelerator programmes and research, development and innovation hubs; backed by local business organisations, third-level institutions, and public and private investors.

Q:   What are the key challenges facing SMEs looking to expand overseas?

A:   The continued uncertainty surrounding Brexit is currently the biggest challenge facing SMEs that trade with the UK. However, a constant challenge relevant to all markets is access to local, trusted and reliable professional connections and advice overseas. This is a key step in any global expansion strategy and is often a major stumbling block for many businesses. Understanding how to do business in a new jurisdiction can be time consuming and expensive when you don’t have a local relationship or know where to go to get the proper advice.

Q:   Can you describe how Crowleys DFK can help SMEs with their international growth strategies?

A:   At Crowleys DFK, we understand the challenges faced by our SME and owner-managed business clients. We are proud of the reputation and long-term relationships we have built with them over the years. They represent a diverse range of today’s most innovative and high-performing industries and sectors, including information and communications technology, life sciences, manufacturing and consumer products.

We have been a member of DFK International since 1993. This worldwide association of independent accounting, tax and business advisory firms has over 220 member firms covering 92 countries. We have a long history of working with other DFK Firms. It’s through these strong relationships that we can deliver a complete international service to clients.

Whether it’s getting advice on taking on two employees in Germany, accessing capital markets in London or New York or helping technology companies expand into San Francisco, we connect our clients with trusted professionals throughout the world. In many cases our clients prefer to deal with us and in these instances, we instruct the other DFK firms. This means clients can concentrate on their business and don’t need to spend time developing new relationships abroad.

We have all the right connections to help businesses achieve their ambitions – locally and globally.

Contact us today for expert advice on growing your SME.

10 brave souls from Crowleys DFK took to the skies last month in an effort to raise funds and awareness for Cork ARC Cancer Support House.

Crowleys DFK have been working with Charity Partner of the Year, Cork ARC, since the beginning of 2019. Cork ARC offer invaluable specialist professional services and emotional support to people with cancer and their families. The majority of their running costs are based on voluntary donations and fundraising efforts. Witnessing first-hand the fantastic work of Cork ARC, inspired 10 Crowleys DFK employees to take to the skies and plunge 10,000ft from an airplane at a speed of 200km per hour. The goal of this skydive was to raise awareness and funds to help Cork ARC continue providing their services free of charge.

The group took the leap for charity at the Irish Parachute Club in Offaly in June 2019. Setting out with an initial fundraising target of €2,600, their incredible efforts have raised over €6,500 for Cork ARC.

For many of the group, it was their first skydive and there are already plans to make it an annual event!

A big well done to all participants and sponsors for getting involved in such a worthy cause.

Crowleys DFK are excited to announce the launch of our new website.

With a fresh look and feel, the new site offers visitors the opportunity to navigate through the service offerings with ease. This has taken a few months of hard work to complete which was supported by all staff in the firm and they are delighted with the results.

Director of Practice Development, Kim McCarthy, said;

“Our re-launched website provides a better user experience for connecting with our new and existing clients. It helps users to quickly and easily navigate through the website. This launch reflects the continued development and growth at Crowleys DFK.”

Crowleys DFK today announced a number of senior promotions to Director and Manager positions across the Firm.

Shane Moloney and Donna Gould have been promoted to Director while Emma Hanifin, David Stuart and Rosalyn Banua have all been promoted to Manager roles.

Managing Partner, James O’Connor, said: “We are delighted to announce these exciting new promotions. They are well-deserved and reflect the hard work, professional growth and commitment of all those promoted.”

New Directors Shane Moloney and Donna Gould joined Crowleys DFK as Chartered Accountant trainees in 2012 and 2010 respectively.

After qualifying, Shane moved from audit into the firm’s advisory team, specialising in Cloud Accounting and Business Process Improvement Services. Recently he has led a number of high-level client advisory assignments, including implementing business outsourcing and performance improvement projects for clients across a range of sectors.

Previously a Manager in the firm’s Accounting Services Department, Donna played a central role in the expansion of the Department in recent years. She is highly regarded by clients in both the public and private sectors and her promotion to Accounting Services Director further strengthens this core business service and ensures that the Department is well placed to continue to grow.

Emma Hanifin also joined the firm as a Chartered Accountant trainee. Her high quality project management skills and dedication to exceptional service delivery sees her promoted to Advisory Manager, specialising in Project Advisory Services.

David Stuart has been promoted to Manager in our Accounting Services and Outsourcing Department. A Chartered Certified Accountant and Xero accredited to the highest achievable level, David will manage our Cloud Accounting Services.

An experienced Internal Auditor, Rosalyn Banua has been promoted to Manager of the firm’s Governance, Risk and Compliance Department. Since joining the firm in 2015, Rosa has worked with an extensive portfolio of publicly funded bodies, semi-state agencies and private sector organisations.

James concluded: “We believe that these promotions are an important building block in our future growth ambitions and the further enhancement of our services to clients. It also highlights our commitment to the long-term career development of our staff.”

Crowleys DFK was awarded the DFK UK & Ireland Firm of the Year 2018 at the recent DFK UK & Ireland Annual Conference in Glasgow.

DFK International is a major international association of independent firms and business advisors that has been meeting the needs of clients with interests in more than one country for over 50 years.  The association has over 400 offices in over 90 countries. The firm has been a committed member of the association since 1992.

Crowleys DFK was recognised for its positive contribution to DFK UK & Ireland over the past year.

Managing Partner James O’Connor commented, “We are delighted that Crowleys DFK have been recognised by our colleagues for our commitment to servicing our clients’ needs internationally.”

Crowleys DFK is a seven partner firm with offices in Cork and Dublin and has grown significantly in recent years.

James stated, “Our international affiliation is a distinctive feature of the firm and provides our clients with an integrated and robust global delivery mechanism across the world.”

 

 

Crowleys DFK Partner and Chairman of the Ireland Malaysia Business Association, Vincent Teo, had the pleasure of meeting Minister Richard Bruton, Minister for Education and Skills, and Ambassador Eamon Hickey, Irish Ambassador to Malaysia, at Enterprise Ireland’s business breakfast in Kuala Lumpur on Thursday, 20th September.

Minister Bruton addressed the local network of business and education leaders for Enterprise Ireland’s business breakfast as part of his five day education and trade mission to Malaysia and Indonesia.

“I am delighted to have the opportunity to greet an Irish Minister in my home country,” Vincent commented, “Congratulations to Ambassador Hickey and Enterprise Ireland on hosting a successful business breakfast.”

Crowleys DFK Partner and Chairman of the Ireland Malaysia Business Association, Vincent Teo, met with Ambassador Eamon Hickey, Irish Ambassador to Malaysia at the Embassy of Ireland in Kuala Lampur last week.

Vincent commented, “I am very grateful to have had the opportunity to meet Ambassador Eamon Hickey in the Embassy and for his continued support to our efforts in promoting bilateral trade relations between Ireland and Malaysia.”

“We plan to reach out to the relevant Ministries in Malaysia in the hope of hosting a ministerial visit to Ireland in the near future,” stated Vincent.

The objective of the Irish Malaysia Association is to support bilateral business links between Ireland and Malaysia. Crowleys DFK is a patron member of the IMA and is dedicated to supporting its development.

Jacky Lorimer, Accounting Technician Trainee in the firm’s Outsourcing Department, is showcased in the August 14th edition of Cork’s Evening Echo.

Working 4 days a week in Crowleys DFK and studying 1 day a week in Cork College of Commerce, Jacky has been able to get started on her dream career as a result of Accounting Technicians Ireland’s “Earn as you Learn” scheme.

Read or download a pdf version of the article here.

Crowleys DFK is delighted to launch an overview video of the Firm’s Foreign Direct Investment service offering.

Edward Murphy, Partner and Head of Foreign Direct Investment and Siobhán O’Hea, Partner, Tax Services provide an insight into how Crowleys DFK can help foreign owned companies to set up operations in Ireland.

For more information on our Foreign Direct Investment service offering, please contact Edward Murphy.

Pictured (l-r): Tony Cooney (Crowleys DFK Partner), James O’Connor (Crowleys DFK Managing Partner) and Harry O’Sullivan (Moylan Mulcahy & Co Partner)

We are delighted to announce that the well-established Cork firm, Moylan Mulcahy & Co, will merge with Crowleys DFK, effective from 1 June 2018.

The merger will see us welcome Moylan Mulcahy & Co Partner Harry O’Sullivan, along with 5 members of staff, into the Crowleys DFK Cork offices at 5 Lapps Quay.

James O’Connor, Crowleys DFK Managing Partner, commented: “We are delighted with this merger. Moylan Mulcahy & Co has an excellent reputation, in particular in the services it offers to the SME sector. With a natural synergy, not just in terms of services and sectors but also in work practices and values, this provides a major growth opportunity for both firms”.

Harry O’Sullivan said: “This is an exciting time for us. This merger with such a highly-regarded firm is a great cultural fit as the team at Crowleys DFK share our core value of delivering high quality services to clients. We look forward to offering our clients the benefits of access to additional areas of expertise as well as access to the global reach of the DFK International network.”

James concluded, “The merger further cements our reputation as one of the country’s leading SME business advisors for both domestic and international businesses.  We look forward to welcoming Harry and his colleagues to our full-service team.”