Like all professional service companies the staff of GBS & Co gained significant experience with the construction industry from 2003 to 2007 however the period 2008 onward have presented new and exciting challenges for this industry and associated services. We have experience in dealing with Principal & Sub Contractors alike, the correct operation of RCT and a proper understanding of the reverse charge for VAT.
We can help you correctly put a value on Work in Progress and Stock. We advise on the tax implications of perusing the split sale in conjunction with advise on the acquisition of development land by potential developers.
We can help with the most tax efficient operation of the VAT system and discuss the potential of setting back operating losses to previous years to potentially obtain corporation tax refunds.

We have a number of clients in the retail industry including:

• General Stores
• Clothing & Footwear Stores
• Hardware stores
• Butchers & Fish Mongers

We can help with the operation of VAT on the cash receipts basis. Liaise with our stock taking partners to give a true and accurate value of Stock. Identify and reduce stock levels with the cost of obsolete stock.

We work with a number of chemist / pharmacy shops in Ireland. We have experience accounting for the General Medical Services System including a full understanding of the withholding tax and other deductions made through the GMS system.
We also provide the retail service as outlined in "Retail" to pharmacy shops.

We have a number of clients operating in this are throughout Ireland.
We fully understand the impact the cost of staff has on this high labour intensive industry sector.
We have experience in the valuation of consumable stock and can work without clients to identify the most tax efficient stock levels.
We can help with Cash Management. Fraud Management and Risk Assessment. Operation of VAT on a cash receipts basis.

We fully understand the impact the cost of staff has on this high labour intensive industry sector.
We can help with Cash Management in conjunction with Fraud Management and Risk Assessment.
Operation of VAT on a cash receipts basis is vital to this sectors cash flow management.

Preparation of accounts for the farming community is a large part of our business, we understand the purchase / sales system through marts, the maintenance cost of operating a farm and the difficulties the farming community is facing under the current economic downturn.