The pace and complexity of business today challenges companies on many levels, particularly in the area of financial management.
Gorman Quigley Penrose is a chartered accountancy firm offering clients the benefit of more than 30 years’ experience in all matters connected to accountancy, taxation and commercial development. Our clients rely on GQP not only for our ability to help them handle intricate matters of taxation and compliance, but also for our experience in providing sound financial advice on all aspects of business change and growth, from raising capital finance to undertaking a disposal, merger or acquisition.
Established by founding partners David Gorman and Terry Quigley in 1982, GQP was later joined by partner Rhona Penrose. Our partners lead a team of staff and consultants, all of whom take pride in providing clients with a personal service, delivered with diligence and efficiency.
Today our client base has grown to incorporate large and small companies in sectors ranging from property development and construction to financial services, advertising and promotion, IT, telecommunications and the not-for-profit sector. The diversity of our client base gives GQP a breadth of experience unique among Ireland’s small accountancy firms.
Meet the Team
David is a fellow of the Institute of Chartered Accountants; he is “contact partner” for many of the practice’s corporate clients and shares responsibility for managing and directing the audit team with Rhona Penrose.
He is a past president of CH International through which he has developed close links with Accountancy and Legal Practices in both Europe and Asia. This has enabled the firm to assist clients with international aspects to their businesses and also resulted in Gorman Quigley Penrose acting for a number of foreign owned companies.
Whilst the company has developed as a general practice, David also specialises in the area of corporate finance and commercial services providing advice to a number of the of the firm’s clients in these areas, many of whom have been with the company for 20 years or more.
David is married with three children.
David’s other interests included hockey (until he ran out of teams to play for!), swimming, walking, history and avoiding gardening.
He previously trained as an accountant in JA Kinnear & Co (now Grant Thornton) before moving to the taxation department of KPMG.
Terry is a fellow of the Institute of Chartered Accountants and an Associate of the Irish Taxation Institute. He is the firm’s tax partner, oversees the firm’s tax work and has extensive experience of tax planning and compliance for individuals and businesses.
He also manages a considerable commercial practice dealing with the establishment and structure of businesses, both companies and partnerships, with a particular emphasis on the property sector. Terry is married to Geraldine, and has three children, Moya, Ned and Siofra. He is an avid sports fan being a long suffering supporter of, in no particular order, Manchester United, Bohemians, Corinthian Hockey Club and the Dublin GAA team.
He is also a keen boater and spends much of his spare time on the River Shannon.
Rhona is a member of the Institute of Chartered Accountants and is the firm’s accounting and audit partner.
She has wide-ranging experience in the implementation and development of financial and accounting systems.
She also oversees company secretarial services within the company and shares responsibility for managing and directing the audit team with David Gorman.
Rhona is married to John and has a daughter, Emma, who keeps her busy outside of work.
Manus has numerous years experience in the area of taxation and has worked in the Revenue Commissioners, as well as a number of the principle Irish accounting firms.
Manus’s Tax specialities include:
Due Diligence Assignments,
R&D identification and application,
Revenue Audits and Investigations,
VAT implications of Property Transactions,
Tax efficient Corporate Restructuring and Group exit strategies,
Inheritance Tax planning.Efficient use of Group Losses/ charges,
Retirement planning, Planning for overseas secondment,
PRSI and Income Levy issues,
Maximising Plant content for Capital Allowances,
Advising Charities re VAT/ trading issues,
Revenue Prosecution cases
Manus is from Dublin and enjoys cinema, squash gardening and cycling.
Following a few adventurous years of travelling the world, becoming a mother and running her own business Alison finally returned to Gorman Quigley Penrose in July 2014.
In her spare time Alison enjoys spending time with her family, reading, travelling and reminding Terry how fantastic Cork is!
She is currently studying for the Chartered Accountants in Ireland exams. Orlagh is from Dublin and enjoys going to the gym, swimming, horse-riding and reading in her spare time.
He lives in Dublin with his wife Louise, and enjoys spending time with his family, going to the gym, walking, dancing salsa and barbecues.
Lesley has two boys aged 6 and 7 who keep her very busy and her other interests include walking and having coffee with friends.
General
Questions
Why do I need an accountant?
Isn’t it just larger businesses that need an accountant?
Of course not, even the smallest business can benefit from advice on ways to minimise tax and manage their accounts. If you prefer, we can handle all of your bookkeeping, regular management accounts and VAT returns on your behalf.
The added benefit of us being involved is that having prepared the books it makes the final accounts much easier, saving time and keeping costs down.
Is it expensive to use an accountant?
Working with an accountant is an added cost to any business. However, the cost should be offset by the value they add. We work closely with our clients to achieve their goals. By getting to know you and your business well, we can tailor what we do specifically for your needs and your strategy, thereby adding value.
How do you charge?
We aim to provide you with a fixed fee quote that will cover the areas we will work on together. This will be based on the complexity and volume of the tasks involved. Should any additional assignments come up during the year then we will provide a quote in advance, unless the matter is urgent and it is in your best interests to take action on your behalf. We offer you the chance to pay our fees monthly and avoid having a large invoice in one go, which helps your cashflow.
Can I maintain my own accounting records?
If you want to keep your own accounting records, then that is fine. If you need some help then we can give you some training. Ensuring that you understand the best way to prepare your accounting information makes it easier for us to complete your accounts or tax return. If we do this for you then you can concentrate on running your business.
I've been up and running for a couple of years. How can you help me?
Sometimes it helps to have a fresh pair of eyes look at your business. We will listen to you and firstly understand the history of the business and then how you want to develop it. We can carry out a “healthcheck” of the operating systems, management and financial reporting in place; advise on any matters arising and recommend any actions required. All designed to match up with your goals, which we established at the outset.
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