Course Summary

Duration1 hour

PresenterJohn Murphy

Course Overview

This course will review the possibilities available to a company where the company is no longer required. This course will discuss:

  • Voluntary strike off versus members voluntary liquidation – The advantages and disadvantages of both
  • Voluntary strike off
    • The process to be followed as required by the legislation – a step by step guide;
    • What does net assets of €150 mean?
    • How long do the process take?
  • Members voluntary liquidation
    • The process to be followed to place a company into liquidation;
    • How long does it generally take?
  • Restorations:

A significant number of companies were struck off during the recession. However, a lot of these companies were struck off with assets on the balance sheet which were not valuable at that time. However, as the economy picks up, these assets are now more valuable. As a result we are seeing a significant number of companies being restored to the register though court restoration. This also through for property management companies/

  • Administrative restoration – the process to go through;
  • Property management companies – Extended administrative restoration process available – When this applies?
  • Court restoration
    • The expected costs
    • The need for revenue approval;
    • A step by step guide on the process;

CPD Course Facilitators

John Murphy: Tax, Corporate Restructuring and Practice Support, OmniPro

As a lead member of our technical support team, John relishes problem-solving to help accountants develop innovative client solutions and sharing his technical knowledge on tax, financial reporting and auditing.

He provides support, training and advice to OmniPro clients on financial reporting, auditing and company law matter and conducts company valuations.  In addition, as a Chartered Tax Adviser, he advises on a range of issues from income tax, tax planning, restructuring and exit planning to Revenue audits.

A Chartered Accountant and Qualified Financial Adviser, John has over a decade’s Big 4 experience with EY and PwC, providing tax and audit services for a portfolio of clients, ranging in scale from SMEs to multinationals.

Des O’Neill – Co-Founder and Managing Director, OmniPro

Having worked for a number of years in practice, Des O’Neill co-founded OmniPro to develop tools, techniques, products and services, empowering accountants to achieve their best. Over 15 years, he has grown the company to a multi-million-euro turnover business and established OmniPro as Ireland’s largest independent provider of CPD for accountants.

Des speaks regularly, at national and international fora, on practice development, auditing, accounting, company law and regulation. He is passionate about bringing innovation to the profession and empowering accountants to achieve what they want in their careers and practice.