Partnering with Paul O’Donovan & Associates allows you time to focus on your business, while they provide the accountancy solutions. Whatever stage in business you are at, they can help. They are a progressive accountancy practice with a broad base clientele ranging from individuals, sole traders, partnerships, to limited companies, providing a comprehensive range of professional, expert advice and services to them, including accounting, audit and company secretarial, business start-up services, taxation, financial restructuring, corporate advisory services, retirement planning and pensions, wealth management, complete outsourced payroll service and bookkeeping services. At the helm of this success is Paul O’Donovan who we caught up with to gain an insight into his career to date.
What was the key driving force behind you becoming an entrepreneur?
The fact that I am an ambitious person and being in control of my own destiny in business.
What do you wish you knew in the beginning about setting up your own business and working for yourself?
You need to build a loyal, trustworthy and experienced team to ensure you can strive for success in business.
To what do you attribute your success?
Hard work, dedication and an exceptional team working with me.
Accountancy is a notoriously stressful career – what do you do when you have a tight deadline and multiple accounting projects to finish?
Take a deep breath, complete them in order of priority.
How do you answer questions from clients who don’t have any background in accounting?
As a qualified and experienced Chartered Accountant, I can explain all accountancy questions in plain English to clients and bring the problems and solutions to their level of understanding.
Is it possible to set up a business if you have a good idea for a start-up, but you’re lacking in experience? How can Paul O’Donovan & Associates help with this process?
Our accountants have extensive business exposure, technical know-how and the commercial and financial skills to help you with your start-up – from the initial evaluation and assessment of the business to providing strategic links to financial institutions and potential partnerships.
Paul O’Donovan & Associates offer a free consultation to discuss individual needs, what should people expect from this meeting and how best can one prepare for it?
This is normally a one-hour consultation where we obtain a full brief from the client as to what their objectives are and how we can assist in fulfilling them.
What advice would you give people on how to make the annual audit process less stressful?
Keep all books and records up to date and ensure all documentation is filed in order and cross referenced.
What has been your career highlight to date?
Winning Cork Accountancy Firm of the Year 2018 was a great accolade to achieve for the years of hard work and dedication both myself and my team have given to SME clients.
What’s next for Paul O’Donovan & Associates?
Continue to provide an exceptional service to our clients, expand our Corporate Advisory, Funding, Payroll and HR Division and grow into a boutique SME service provider.
Paul O’Donovan & Associates
Monahan House, Celtic Business Park, Monahan Road, Cork
T 021 432 1799