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 A free business seminar, entitled ‘Building a Business on Your Ideas‘, will be held in the Horse and Jockey, Hotel, Thurles, on Thursday next the 21st of October.
This event is the second in a series of eight seminars for small business owners, entrepreneurs, inventors and startup companies in the Mid-West region.
Speakers will include: Dermot Doyle, Fergal Brady, Yvonne Cassidy (Patents Office), Colin Pope (Enterprise Ireland), Dan Richardson (Technology from Ideas) Denis Hayes (Technical Director C & C Supply) Rowena Elliott (Enterprise Ireland) Gerard O’Regan (Enterprise Europe Network)
Interested participants are invited to register for this event by logging onto www.tnceb.ie, or by emailing info@tnceb.ie or phoning 067-33086.
Before you all start to panic unduly, this is a true story from history and has no bearing whatsoever on our present banking difficulties.
Many readers, however, will identify similarities to the current prevailing individual greed recently exposed with regard to our present bankers, politicians and so called developers.
Until recent times at least, John Sadlier was the best known of all Irish fraudsters who came to prominence during the Victorian era.
John was born in 1813 near Shrone Hill, Co. Tipperary, of wealthy parents. Raised a Catholic he was educated at Clongowes Wood College, latter founded in 1814 by the Society of Jesus (Jesuits). His professional career began when he succeeded his uncle to a very prosperous solicitor’s practice in Dublin.
 The once Sadliers Bank, Thurles, Co. Tipperary. In Tipperary there was no banking system which served the savings of small farmers, clerks and local shopkeepers, so he ventured a joint stock bank in 1838, known as Sadlier’s Bank. This new occupation as a banker was in his blood. His grandfather James Scully had established a bank in Tipperary town in 1803. This new bank was founded, with James Scully his uncle taking on the position of Chairman.
This new business set about targeting small farmers, tradesmen and clerks, and offered above average interest rates on deposits. The bank appeared to prosper and by 1845 there were numerous branches in operation, extending north from Tipperary, into Thomastown, Co Kilkenny, Athy, Co Kildare and into Co.Carlow. In Tipperary branches were established in Clonmel, Carrick, Tipperary Town, Thurles, Nenagh, Roscrea and even in the small remote village of Glengoole, near Thurles.
The Sadlier’s Bank premise in Thurles was then situated to the left of the old Constabulary Barracks, latter in use up to 1903, in Liberty Square, Thurles. ( See framed section in photograph.) It was behind the then Singer Sewing Machine shop, now Quigley’s Bakery, in a large three story house, which later became the ‘Thurles Poor School ‘. Both the Barracks and Bank house sites stood on the spot presently replaced in more recent years by the Ursuline Convent Primary school.
Among the early shareholders in this venture were James Sadlier of Shronell, Rev Thomas O’Mahony of Templebraden, Richard Scully of Tipperary, James Scully of Athassel, Pat Cleary Cahirvillahowe, James Sadlier Clonacody, Robert Keating Garrinlea and John Ryan Scarteen.
John Sadlier’s only visible vice’s were that he kept company with landed gentry, owned a stable at Watford from whence he hunted with the Gunnersbury hounds and to be consumed by attaining celebrity status and positions of power.
Continue reading A Tipperary Bank Is Declared Bankrupt
The tax deadline set for “Pay and File” by October 31st by the Revenue Commissioners is fast approaching, so like it or not, in order to avoid possible interest surcharges and prosecution, it is time to put your house in order.
 Self-assessed individuals have three tasks to complete by this date:
1. File 2009 income tax return.
2. Pay any balance of income tax due for previous year (2009).
3. Pay preliminary income tax for current year 2010.
If you find you can’t pay your tax bill, and there are many who will find themselves in this category, the most important thing is do not ignore demands.
If there’s a mistake due to faulty calculation, you can get this quickly checked and corrected, but if you can’t pay the bill straight away, due to your business having deteriorated over last year, in most circumstances you may be able to come to an arrangement with the Revenue Commissioners.
Always pay any outstanding balance for income tax due for the previous year, as a priority, since once the current pay and file date passes, any unpaid income tax, for any previous year, becomes a debt for collection by the Revenue’s collection system. If you cannot clear this previous year’s debt in full, then contact the Collector General’s office to see if you can pay using an instalment arrangement. The Revenue can and will move quickly to collect any outstanding debt, so it is important to clear all outstanding balances as far as is fiscally possible.
Keep in mind however that agreed instalment arrangement’s are by no means a soft option for the self assessed individual and businesses are charged for late payment at 8% per annum.
In previous years businesses have used overdraft facilities to pay their preliminary tax, now with the state of bank credit, in most cases this is no longer an option. If you cannot pay your preliminary tax for the current year in full and by the required deadline you should pay as much as you can and as soon as you can.
Remember that your preliminary tax payment can be the lesser of 90 per cent of your 2010 tax liability, 100 per cent of the previous years liability, or 105 per cent of your 2008 liability where you pay by direct debit.
If your business circumstances have deteriorated significantly since the beginning of 2010, you may consider basing your preliminary tax payment on 2010 calculations thus clearing your debt quickly and minimising your exposure to any interest charges.
Regardless of your fiscal ability do file your tax return. Revenue’s computer systems can quickly identify when someone obliged to file returns has failed to comply and a surcharge of up to 10 per cent will be charged on these late returns.
Failure to file any tax returns ultimately results in publicised and often embarrassing open prosecution.
Laminate Flooring Consumers please do beware of marketing strategy currently at large. We must all learn that promised 50% discounts by leading retailers should immediately beg the question in our minds as interested consumers “50% of what initial starting price?“.
Allow me to give you an example of this current marketing strategy of which I speak, and by doing so demonstrate, at first hand, the importance of always shopping local, when ever possible.
New discount sales advertised on television by Noyeks, Ormonde Business Park, Kilkenny, offering 50% discount on Laminate Flooring, is not the real bargain it might first appear to be.
A call by phone today to Noyeks, Kilkenny requesting a price for Commercial Laminate Flooring for 3 x 10ft x15ft bedrooms, revealed a quote price of €520 if collected from their store.
A similar call by phone today to Stakelums Homevalue Hardware Racecourse Retail Park, Nenagh Road here in Thurles requesting a price for Commercial Laminate Flooring for 3 x10ft x15ft bedrooms revealed a quote price of €459.76 with the product delivered to your door.
This, for me, represents a saving of €60.22, plus €10.00 in fuel costs, plus a two hour return journey from Thurles. Both products are the same good quality and Stakelums have no Discount Sale running presently.
Makes you think, no?. I felt like parking my cement truck in their front gates.
Note: I did not have the time to contact other quality Thurles suppliers like Pat Hickey, Ikerrin Rd,Thurles or J.Ronayne, Arro Home and Garden, Dublin Road, Thurles for their price.
However this is further proof that it pays to ‘Shop Local’ my friends, so always check it out first.
 Small food production companies in Tipperary have a chance to win €25,000 in a competition aimed at generating new business ideas in the food sector.
This ‘Food Innovation Competition’ is anxious to find the best new food or drinks business ideas in the South East of Ireland.
The contest is open to existing food businesses or producers and any new entrants to this sector, whose companies are based in counties Tipperary, Kilkenny, Waterford, Carlow or Wexford.
The best idea will wins a prize of €25,000. The prize, sponsored by Bord Bia (Irish Food Board) and the South East County and City Enterprise Boards, will comprise €15,000 for consumer research and €10,000 for branding, designing and packaging.
The aim of the competition is to encourage all food companies to bring any new innovative ideas to their full completion.
The winning idea will be provided with a complete support service from the Enterprise Board which will include help in producing a business plan, consultation with an intellectual property expert to advise on the protection of the idea, and advice on financing the business and grant-aid information.
An event to further promote this competition amongst those interested in taking part, will be held in Lawlors Hotel in Dungarvan, Co Waterford, on October 6th.
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