Better together: FDC announces merger with Michael Nagle Chartered Accountants

FDC (Farm Development Co-op) had humble beginnings in 1973 when they opened their first office in Dunmanway, Co. Cork. They operate 39 offices nationwide and offer an exceptional level of personal service - they will be by your side every step of the way with an emphasis on creating long-term relationships.

The successful merger of Michael Nagle Chartered Accountants with FDC in Ennistymon has resulted in the very best for their clients, benefiting from the business excellence of Michael Nagle with the added expertise of FDC. The union combines the same local, personalised service with Michael accompanied by Joe Barrett CPA and covering all aspects of business and personal finance needs.

Doolin native Michael Nagle's professional career began in 1974 with several accounting firms throughout Ireland. In 1985 he returned to Clare and commenced to Practice in Ennistymon from which the business quickly grew into a successful accounting practice situated at Parliament Street.

Speaking to Michael he said, “I have seen tremendous changes in the area since I started in practice, and I'm convinced that the health of local businesses in rural towns and villages set the tone and is vital towards the community's commerce and development. By doing the best for our clients together with knowing them personally in everyday life we feel we are doing the best for the area. The personal relationships built up throughout the years makes the job both varied challenging and interesting. Being in Practice for over 37 years in Ennistymon means that our clients are never just numbers or simply names in a ledger amongst the debits, credits, profits, or losses, they are also customers, neighbours, and friends. This merger means that we can continue to keep our standards at peak level and connect those services with the substantial additional expertise of the FDC Group. Home grown knowledge allows for our services to be uniquely customized and tailored to the client’s need and lets them know that we are as deeply committed and passionate as our clients about their business”.

Speaking to Donal Broderick, FDC Financial Services he said, “We are delighted to have forged a solid partnership with Michael's local practice. The entire Clare area is in a wonderful upward trajectory”.

FDC have many different areas of expertise that can benefit your business as well as bringing peace of mind to you and your family. The Group are experts in accountancy and have substantial expertise dealing with Annual Income Tax returns, Capital Gains Tax returns, Capital Acquisitions Tax returns, Company registrations & returns, Relevant Contracts Tax, Payroll & VAT (Value Added Tax) as well as with business and farm consultancy and advice.

We support Clare farmers. Specialised advisors are available to discuss getting the very best from your livestock, breeding programme, crop rotation, conservation, and marketing amongst other topics. They can help you make the most effective use of the land.

Personal financial planning brought by FDC Financial Services provides direction and meaning to your financial decisions. We help our clients with life and income protection, retirement planning, deposit building, children's education funding, lump sum investing and all-inclusive financial planning. It is not just about the money. You need to consider your family situation, your career, and your goals for the future. There are so many decisions to make, and you do not know where to start. It can be overwhelming. Let our Qualified Financial Advisors walk you through every step of the process. We will help you set life goals, examine your current financial status, and produce a strategy or plan for how you can meet your goals given your current situation and future plans. FDC Financial Services Ltd. is regulated by The Central Bank of Ireland.

In 1988, FDC Group identified taxation as an area that required specialised knowledge and created FDC Tax Department to focus on the growing tax consultancy requirement. Our expertise allows us to quickly identify and implement tax efficiencies for both our personal and commercial clients. FDC Tax Department specialise in the transfer of assets between generations, inheritance planning, incorporations, and tax relief.

We asked Michael for his top tips for a new/existing self-employed person or entrepreneur:

* The obvious priority would be to hire a professional to advise you. This goes for any area of your business. Take as much stress out of it as possible and pay for the necessary knowledge that will help you grow and maintain your business.

* Register your business with the relevant authority. We will take you through the steps necessary to get a strong foundation from the start.

* Keep an eye on the future - pay your PRSI from the start to go towards benefits and pension.

* Pay a fair wage and use our payroll set up which takes the stress and guess work out of calculating taxes and PRSI contributions, while giving your employees peace of mind. Loyal, dedicated employees are your best assets for achieving and maintaining success in your business.

* Try to keep on top of paperwork and emails. A bit of work in this area each week means that you will not get overwhelmed at the last minute. Late tax filing only results in undue stress as well as unnecessary financial penalties and interest.

* Where possible, strive to maintain a healthy work/life balance. Of course, there are times where it is unavoidable where work demands 100% attention and effort but do strive to strike a happy, sustainable balance. Being available for family, friends and a bit of relaxation means Monday morning is much better.

All Michael’s tips really boil down to this, hire a professional. Let FDC together with Michael and Joe handle your money worries, questions about Revenue, Inheritance and Capital Gains Taxation. You simply cannot in this fast-paced day and age know all the answers. Let an expert look after that side of things and you look after your customers' needs; that is where your strengths lie.

Call FDC Ennistymon on 065 7071400 or email ennistymon@fdc.ie for a chat with either Michael or Joe and see what they can do for your business, or call into the offices at Parliament Street, Ennistymon.

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