News

Congratulations to our prize winner Mary-Louise O’Loughlin from Best Practice Accountants on winning the Samsung Tab raffle and goody bag.
Thank you so much to everyone for taking the time to complete our most recent customer feedback survey. Your opinions are very important to us and will only help to maintain and improve our customer service.

Survey Results
Pictured: Siobhan Quinn – Best Practice Accountants accepting the Samsung Tab on Mary-Louise’s behalf and Conor Kerrigan – Relate Software, Account Manager.

Surf Accounts have been named this year’s Bank of Ireland Start up of the year at the 2016 awards ceremony. The Top Prize was awarded to Surf Accounts after winning their own category, the Online/Digital Start up of the year. Surf Accounts will now go on to represent Ireland at the European start up awards. Over 650 entrants were whittled down to 80 Finalists on the night, which were Shortlisted across 10 Award Categories. The award for best overall start up was awarded to Surf Accounts after staving off competition from a record number of entrants.

“By targeting a sector, being innovative, building trust with intermediaries, thorough their customer service and never failing to deliver beyond expectation Surf was the clear winner for the Grand Prix of the 2016 Start Up Awards.” Gavin Duffy – Dragons’ Den, mediatraining.ie

Surf Accounts is an Irish owned Cloud Accounting package for SMEs. Surf Accounts has a host of new features such as, CRM, Inventory, Bank Feeds and are soon to release a Payroll package.

According to Surf Accounts CEO, Ray Rogers, this is just the beginning and there is still a long road ahead. Surf Accounts’ vision is to provide a full range of cloud based software for the SME market. Surf Accounts want to be the one stop shop for businesses looking to excel in their respective industries.

“It is fantastic to win such a high profile award. Bank of Ireland has supported us from the beginning and this award will help promote the Surf Accounts brand to Irish SME’s.” Ray Rogers – CEO Surf Accounts.

Awward BOI 2016

Significant Budget Measures – Budget 2016 (announced Tuesday 13th October 2015)

Tax Measures

  • 50c will be added to the price of 20 Cigarettes from Midnight. There will also be a Pro-Rata increase on other Tobacco products. This brings the price of a pack of cigarettes to €10.50.
  • This is the only Tax Increase in Budget 2016.
  • USC entry rate level will be €13,000 from January.
  • USC rates will be lowered:-
    • 1.5% now 1% (First €12,012) for those who earn in excess of €13,000
    • 3.5% now 3% (From €12,012 to €18,668)
    • 7% to 5.5% (From €18,668 to €70,044)
  • The marginal rate of tax is now 49.5%.
  • The Medical Card Holders exemption from the top rate of USC is retained.
  • SMEs – An Earned Income tax Credit of €550 is being introduced for Self-Employed Persons.
  • SMEs – A new 20% rate to apply to whole or part disposals of businesses up to €1m in gains. The intention is to extend this relief to 2018.
  • The 9% VAT Rate for the Hospitality Industry will remain intact.
  • Stock Reliefs for Farmers have been extended until the end of 2018.
  • The Maximum Contactless Payment with Debit Cards will increase to €30 from €15.
  • There will be no charges for Debit Card Payments
  • A 12c charge for ATM transactions is to be introduced to replace the current €5 stamp duty. This will be capped at €2.50 or €5 per card depending on card type.
  • Motor Tax Rates – The Goods/Commercial Tax Rates will now change. There will be 5 rates instead of 20 from 1 Jan 2016, meaning a minimum charge of €92 and a maximum charge per annum of €900, down significantly from the current maximum charge p.a. of €5,195.
  • The minister remarked Every Worker and Pensioner benefits from the changes.
  • Examples of the benefits of the USC changes are:-
    • Married Couple with 2 Children with 1 Income earning €35,000 + €684 per annum
    • Full Time Single Person on Minimum Wage earning €17,542 + €708 per annum
    • Self-Employed Person earning €40,000 + €1,002 per annum
  • There will be a 1.2% average increase in earnings, therefore an additional week’s wages for all workers.
  • Employers PRSI – Increase in the Top Rate Threshold Entry Point from €20 to €376 per week.
  • The Pension Fund Levy of 0.15% will be abolished at the end of 2015.
  • The Banking Levy will be extended to 2021 and will bring in an additional €725m over that period.
  • The Group A Threshold (Parents to Children) for Capital Acquisitions Tax (CAT) will increase from €225,000 receivable before being taxed to €280,000.
  • Capital Gains Tax (CGT) for Self-Employed and Entrepreneurs drops from 33% to 20%.

Social Protection and Other Measures

  • The Minimum wage will rise to €9.15 from January – Increase of 50c.
  • Pension payments will rise by €3 per week from January.
  • Family Income Supplement (FIS) for Low Earners will be increase by €5 per week for 1 Child Family and €10 per week for 2 or more Child families.
  • Children’s Allowance will increase by €5 per month.
  • The Debit Card processing fee will be halved to 10 basis points to decrease charges for retailers.

If the coalition returns to power after the next election, the USC will be abolished over time!

Relate Annual CPD Event

Relate invite you to attend this year’s CPD event covering the latest compliance requirements and the biggest challenges currently facing the profession.

VENUE DATE
Dublin
Chartered Accountants House
Tuesday
09:00-13:00
2nd December
Galway
The Connacht Hotel
Wednesday
09:00-13:00
3rd December
Cork
Clarion Hotel
Thursday
09:00-13:00
4th December
  Registration ImageRegistration starts at 9:00 and closes at 9:30
4 Hours CPD | €45.00 | VAT NOT INCLUDED Register


FRS 102 – Transition to the New Irish GAAP

This session will look at the main things to be aware of when preparing the transition date adjustments at 1st January 2014 and the FRS 102 numbers for the year ended 31 December 2014.

John McCarthy FCA, AITI, Dip. IFRS , Dip. Insolvency, Certificate in UK and Irish GAAP

John is a regular speaker on technical and practice management matters. He also speaks on succession planning, and compliance and audit/accounting technical matters. John has extensive experience in the provision of technical and strategic support to practicing accountants throughout Ireland. He has written and presented several courses on FRS 102 Ireland’s newest accounting standard. John was formerly Director of Professional Standards at a top 5 accounting firm where he was responsible for the regulatory, compliance and training areas of the organisation. Prior to this he spent nine years with Chartered Accountants Ireland as their Senior Practice Consultant.

The New Companies Legislation – An Overview

The new legislation will usher in the most comprehensive overhaul of Irish company law in over 50 years and we will provide you with a detailed synopsis of the highlights and notable changes that are to be introduced.
Pat Doyle, ACIS, Corporate Law and Company Secretarial Practice
Pat is the managing director of Beacon Companies Secretaries, an independent and specialist firm of company secretaries with offices in Dublin and London. He is a chartered secretary and has over 30 years experience in all aspects of company secretarial practice and procedures. Beacon provides a full range of technical and compliance services to accountancy and legal practices, public companies, private organisations, charities, community projects and sports bodies on the operation of the Companies Acts and corporate governance issues.

Tax consequences and practical tips arising from FRS102

A concise guide to the practical measures that Accounting Firms need to take from a tax perspective in adhering to FRS102.This will link up and follow on smoothly from the earlier presentation on the Accounting implications of FRS 102 covered by previous speakers. Alan will cover all relevant Revenue material/guidance on tax implications on Professional Accounting and Taxation Bodies.
Alan Lawlor FCCA AITI
Alan is a Partner in Wallace O Donoghue Accountants. He was previously a Tax Manager in PwC and then as a Manager and Director in Mazars for a total of 11 years. He has lectured extensively with ACCA Ireland CPA Accountants on Tax issues and has contributed numerous articles on taxation to publications such as Business Plus.

Mandatory Accounts iXBRL Filing Phase 2

1st October will see a major impact on the ROS filing gateway. This session will review how the gateway handled the volume. Revenue will also outline the kinds of failures and errors that have been experienced and outline to firms how to avoid this happening.

Charities SORP

The Statement of Recommended Practice applies to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and ROI (FRS 102) – effective date January 2015.
Ronan will look at some of the main issues facing Directors/ Trustees of Charities (and their advisers) in ensuring their accounts comply with the SORP. Ronan O’Brien CPA, QFA
Ronan is a Director with O’Brien Harnett & Associates, Chartered Accountants. The firm specialises in the provision of Audit & Assurance services to Charities and Not for Profit Organisations.

Relate Company Secretary Update on Certified Accounts Filing.

The CRO has introduced Certified Accounts filing with the commencement of Sections 3 & 4 of the Companies (Miscellaneous Provisions) Act 2013. All versions of Relate Company Secretary (COSEC) from 4.4 onwards have been updated to include this. To view the release notes and download the software click on the links below:

CoSec V4.4 Release Notes :
CoSec V4.4

You can update Relate Company Secretary through the product – www.relate-software.com > login > Tools > Utilities > Get Latest Version of Program.
Please note this version will require a database update. Please make sure you have full access rights before running the update.

The Relate Support team are pleased to announce that Support Notes regarding Remote Desktop Connection (RDC) / Server Moves / Backups are now available. Please click on the links below:
Remote Desktop Connection (RDC)
Server Moves / Upgrading Hardware
Are your Backups Reliable?
If you have any queries regarding the information contained in the Support Notes then please contact the support team at support@relate-software.com

The Relate iXBRL team were very busy at both the Dundalk and Dublin Roadshow events over the last couple of days. If you haven’t seen them yet, you can catch them at the other locations for the events this week in Kilenny, Cork, Limerick, Galway and Sligo. If you are unable to make the events and want more information contact us on 01 4597800 or ixbrl@relate-software.com

Come and meet the Relate team at the iXBRL Roadshows 2014 where our dedicated 1 Click iXBRL Switch team will be on hand to help you with any questions you may have.

CRO announce PINS and ID’s being phased out The CRO has begun to phase out the use of PINS and IDs as a signing method. No new numbers are being issued but old ones are still valid. The CRO will now use ROS Digital Certificates for signing. The deadline for implementation is 30 June 2014. Relate already has an update available for this.

CRO to accept E-Filing of UNSIGNED accounts Changes in the 2013 Companies Act now allow for a single signing process for the B1 and Accounts. In the coming weeks a new B1 will be introduced that will allow for a general certification to be added to the signature page of the B1. This will also facilitate the E-filing of PDF unsigned accounts and greatly improve the efficiency of filing returns. A general certification page will be selectable for all sets of accounts in Relate Accounts Production. RELATE

Relate Software will ensure that both your Company Secretarial and Accounts Preparation software will be updated to incorporate these changes in a timely fashion. If you wish to begin using ROS certificates in advance of the unsigned accounts, please contact our support team support@relate-software.com

With the increased demand for its software ahead of the October 1 deadline for iXBRL Relate Software are pleased to announce the appointment of Richard McDonald. Richard will be the dedicated Account Manager for Cork and the surrounding counties. Based in Kilkenny Richard will be calling all practices in Cork to introduce himself and answer any queries regarding iXBRL filing to ROS.

Relate Software continues it’s expansion with 3 additional support staff to ensure the company has the resources in place for the ever increasing demand for the Relate Product Suite and in particular Relate Accounts Production One Click iXBRL Solution.

Some pictures from our recent and very successful FRS102 & iXBRL Seminars. Also included ‘New’ Surf Club members receiving their membership certificates at the seminars.

Our Surf Club launch during 2013 saw over 100 firms joining and enjoying the benefits of putting their business clients onto the cloud. in December 2013. The number of Surfaccounts users has grown substantially through collaboration with accountancy firms throughout Ireland and the UK.

The success of Relate Software’s recently run seminars in Dublin, Cork and Galway was evident in the turnout of over 400 people from all over the country. As the deadlines for implementation of FRS 102 & iXBRL get closer Relate continues to support its customers in preparing for these two challenges. Our team are currently following up your seminar feedback requests. To download the presentations from the seminar please click on the links below.

John McCarthy
Laurence Pyzer FRS 102
Pat Mulhall iXBRL
Laurence Pyzer iXBRL

100+ firms switched to Relate Accounts Production in recent months and the number of new firms is set to continue as they gear up for both iXBRL and FRS 102

Relate customers need not worry about FRS 102, one of the biggest challenges to face the profession, as Relate Accounts Production has been enhanced to manage the very difficult transitional arrangements. Formats have been updated to take account of the requirements needed for FRS 102.

NO MANUAL TAGGING. Relate Accounts Production is the only One Click iXBRL software solution on the market. All other systems include a level of manual tagging that is time consuming and costly. As the deadline for large firms to file to ROS has passed the pressure for medium and small firms to file is fast approaching. Relate successfully filed the first set of accounts to ROS in November 2012.

How to manage two of the biggest challenges to face the profession (3hr CPD)

Relate Software in conjunction with John McCarthy Consulting and Revenue is holding a series of half day seminars on FRS102 & iXBRL:

Tues 3 December – Dublin – Burlington Hotel 9.00am –12.00pm
Wed 4 December – Cork – Clarion Hotel 9.00 – 12.00pm
Thurs 5 December – Galway – Radisson Blu Hotel 9.00am – 12.00pm

John McCarthy will give a detailed explanation of FRS102 and discuss the impact on statutory accounts production. John has been working with the new standards since the beginning and is consulting to firms on the impact.

Laurence Pyzer from Relatewill display the first sample proforma set of accounts prepared under FRS102. A full sample set of accounts in the new layout will be provided which will greatly help firms prepare accounts under the new regime. Laurence will explain how to post the transitional transaction arrangements need to be processed.

Pat Mulhall from the iXBRL section of ROS will give an update on how the go-live in October went for Large Case mandation. Pat will outline how the iXBRL gateway coped and explain the kind of issues encountered by filing agents and ROS themselves.

Laurence Pyzer was responsible for filing the first set of Irish iXBRL accounts ever filed in November 2012. Laurence has worked with hundreds of firms in preparing them for 2014 Phase 2 mandation. Laurence will explain the various options available to firms such as outsourcing, manual taggers as well as automated tagging solutions.

Register now at https://frs102-ixbrl.eventbrite.ie/

Event Details:
Cost 45 plus vat.
3 hours CPD
100 attendees

In response to the growing demand for its software and to help manage the iXBRL changeover for firms, Relate Software has added new staff in the following areas: Field Sales, Internal Sales, Marketing, Administration and Support.

Relate Staff

“We are delighted to be shortlisted again in the 2012 awards. This award has been very important to Relate over the last four years and it has helped attract firms from around the world. Supporting our users is the most important aspect of what we do. We would like to thank everybody who voted for us”. Ray Rogers CEO

Relate Accounts Production HMRC iXBRL Accounts Submission success rates are now running at 98%.

ROS in conjunction with Relate Software held three hugely sucessfull seminars in Dublin, Cork and Galway outlining Revenues plans to implement iXBRL for CT tax returns. Over 400 accountancy practice attended the seminars.

The 6th Year of the ICAI Annual IT Seminar was a great success with high attendance at Belfast, Dublin and Cork.

DRIVE has won “Best Practice Management Software” for the fourth year running at the accountingWeb awards in London. We would like to thank all of our customers who took the time to vote for DRIVE. We greatly appreciate your confidence and support in the product.

Quotient Financial Solutions (South Africa) have signed up to implement DRIVE CRM & Practice Management over the coming weeks. Rapidly expanding Quotient was looking for an integrated solution to their practice management needs and came across DRIVE. Relate have localised DRIVE to ensure that Quotient receive a product suitable for the South African market.

Ellacotts LLP (long time DRIVE User and Reference Site) has today (28 July, 2011) been formally recognised as a top 100 UK accountancy firm for the first time in its history, thanks to a national survey conducted by the leading professional journal, Accountancy Age. David Saunders, managing partner at Banbury-based Ellacotts, said he was delighted with the achievement, pointing out the accolade rewarded the firm’s simple objective to add real value to the service every single client receives.

He said: “I like to think we’re different. We believe accounting, tax and business advice is about you and your lifestyle, rather than just numbers and products. That’s why we say we ‘deliver solutions’ and why we seem to be bucking the trend with our growth when compared with many of our competitors.” He added: “As a firm we are thrilled to have made such good progress over the last year and to be ranked in the top 100 firms. We are also very proud to have been recruiting throughout the recent difficult economic times.”

David continued: “The growth of the firm has been significant and we moved premises in 2010 due to the need for more space. We also merged with another local firm, Jones Boughton, in 2010 and this has consolidated our critical mass in all key services.

“We are still recruiting and hope to take on four more trainees in the next few weeks. The investment in new premises and new personnel has been made as a strategic decision to consolidate our strengths in specialist services, value for money and delivering solutions.”

The Accountancy Age Top 50 +50 is an annual survey of leading UK firms in the profession. The 2011 report shows that only three of the top 10 firms grew over the last year, showing how challenging the economy has been for the profession in recent times. Ellacotts is placed at 95 in order of fees, with annual growth of 17%. Only one other firm in the top 100 has grown so fast.

“We are delighted to be shortlisted in the 2011 awards. We were disappointed to see the award category had changed this year but the award is very important to Relate over the last three years. It has helped attract firms from around the world. Supporting our users is the most important aspect of what we do. We would like to thank everybody who voted for us”. Ray Rogers CEO

On average the HMRC iXBRL Accounts Submission success rates are running at 60% with a failure rate of 40%. Relate Accounts Production rates are running at 80%. The overall experience of iXBRL has been difficult for firms to handle as well as the software suppliers trying to get firms compliant with the new submission criteria. We are delighted that our customers with our help are hitting the higher side of successful submission percentages. We are closing the gap on the failure side with the tightening of any tagging issues.

Relate are delighted to host the 7th Annual IT Seminar in Association with Chartered Accountants Ireland. This year Joe Drumgoole from The Right Hook on Newstalk 106 will be outlining future trends with cloud technology. The Carphone Warehouse will present a session on the where the smart phone is heading in the future as well as a review of the iPad.

Register early for this years event by emailing info@relate-software.com

Relate Software is holding a series of seminars on iXBRL to firms how it can handle the mandatory filing of accounts using iXBRL. Relate Accounts Production is growing its market share with old Apex users moving over to Relate to ensure that they are kept upto date with compliance.

“We are the most uptodate supplier of accounts compliant software on the market today. Our users can confidently go into an Institute audit review knowing that their clients accounts are the most uptodate around. We are ahead of our competition and my job is to keep us there.” Laurence Pyzer FCA – Relate Compliance Officer.

Relate have released an updated version of their Webtimesheets program. The system is much faster than the old version and access and other controls have been added. We would like to thank users for their feedback.

The offices of Relate Software will remain open until 9.00pm on Thursday 28th October 2010 to facilitate practitioners wishing to deliver Annual Returns electronically to The Company Registration Office. Relate support staff will be on hand to help with any queries you might have.

As the CRO’s servers will be dealing with heavy traffic on that day, we advise filing as early as possible on the day to avoid potential difficulties.

DRIVE has won “Best Practice Management Software” for the third year running at the accountingWeb awards in London. This is a major award with over 6,900 votes in an online survey. This year the voting changed, with 50% based upon a judging panel and 50% on user votes. We did not like the change in the voting scheme as we feel that it no longer represents user views. However we were delighted to get the accolade.

We would like to thank all of our customers who took the time to vote for DRIVE. We greatly appreciate your confidence and support in the product. We are now working on Version 3 and would welcome any feedback from users. Email info@relate-software.com with any enhancements you would like to see in DRIVE.

Relate Software are delighted to announce that Baker Tilly in Hong Kong have entered into a contract to implement DRIVE. The deal was struck appropriately on St. Patricks Day and will involve a 200 user implementation over the coming months.

Relate Software were delighted to sponsor a prize of a Digital Notepad. The winner of the prize was won by Tax Senior of McInerney Saunders.

 Digital Notepad

Relate Software are delighted to announce the release of the 2009 Tax update to our users ahead of time so that users could create returns and start work on organising their database. Relate received the Revenue Schema in early January and got out update out in record time.

Relate Software were delighted to host the CAI Annual Technology Seminar for the 6th year running. The three days were attended by over 500 accountants at the new Chartered headquarters on Pearse Street. The seminar is becoming one of the largest attended CAI events on the calendar.

Technology Seminar

Relate Software are delighted to announce they have entered into a distribution agreement with P2P Solutions.

P2P Solutions

Relate Software and its flagship product DRIVE have won the prestigious award for “Best Practice Management Software” at The Software Satisfaction Awards 2009 held at the Royal Courts of Justice in London last night.

This highly coveted industry award based on views of customers rather than a judging panel had 8,151 votes for 100 products from 72 software suppliers. The award highlights the success of Relate in the accountancy market and it is the second year running that Relate has won the award.

“We were overwhelmed by the level of support from our customers and would like to thank them once again for their votes. We are delighted to have won the award in our category. The award highlights the fact that our customers believe that DRIVE is the best combined CRM, Practice Management and Document Management solution available on the market today”.

Management Software

Relate has been very busy doing over 100 presentations of Relate Personal Tax Manager to a selection of our existing clients. Our sales representatives have been booked out solidly to the point where we had to stop taking bookings. The package has been extremely well received with many firms now moved onto the system and off the ROS offline or competitive applications.

We are delighted to announce that Fergus Fitzpatrick & Company have rolled out Relate Personal Tax software. “We are currently moving all of our 2007 .f11 files from our ROS directory into the central Relate tax database, we have already calculated and submitted 2008 returns through the new Relate package” says Fran Fitzpatrick – Fergus Fitzpatrick & Company

Other firms to recently implement Relate Personal Tax were Byrne McCall, Gray & Murray, O’Gorman & Company, Spain McQuillan, McCrystal Accountants.

Relate Software was the first to update its Accounts Production product with the changes required in the UK on the implementation of the relevant sections of the Companies Act 2006 and the consequential revision of the auditing standard ISA (UK and Ireland) 700.

The company template includes the major changes required by the UK Companies Act 2006 and its delegated legislation:

  • SI 2008 No. 489 The Companies (Disclosure of Auditor Remuneration and Liability Limitation Agreements
  • SI 2008 No. 410 The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008
  • SI 2008 No. 409 The Small Companies and Groups (Accounts and Directors’ Report) Regulations 2008)

UK companies with year-starts on or after 6th April 2008 (effectively those with year-ends on or after 30th April 2009) are automatically switched to the new disclosure requirements and references. Companies registered in Northern Ireland adhere to the new Act from then as well. All GB and NI companies with year-starts before 6th April 2008 will automatically continue to abide by and refer to the old legislation.

For GB/NI companies with year-starts on or after 6th April 2008 the following changes are apparent in the Compliance Database:

  1. No Authorised Share Capital.
  2. Senior Statutory Auditor with Auditor’s Status set to Statutory Auditors.
  3. Disclosure of directors’ interests in shares of company (or group) is now optional.
  4. The Political and Charitable Contribution entries are now subject to the new limits.

The company template also includes the changes required by ISA ( UK and Ireland ) 700 (Revised) including:

  • APB Bulletin 2008-4 Special Auditors’ Report on Abbreviated Accounts.
  • APB Bulletin 2009-2 Auditor’s Reports on Financial Statements in the United Kingdom.
  • The change to the new auditor’s reports is effective in the template for all periods ending on or after 5th April 2009.
  • The change incorporates all relevant references to the UK Companies Act 2006.
  • The existing reports apply to all prior periods.

The Compliance Database for relevant companies now incorporates the following changes:

  1. Senior Statutory Auditor (per UK Companies Act 2006 and the above APB Bulletins)
  2. A reference to APB’s Web-Site in the Auditor’s Report for the Description of the Scope of an Audit or the appropriate text for the scope of the auditas prescribed is shown in the auditor’s report. Firms must decide which option they require either at firm-wide level or specific to each set of accounts.
  3. Auditors’ reporting on:
  • Material Inconsistency between the Financial Statements and the Directors’ Report
  • Matters to Report by Exception
  • Omission of Auditor’s Name

Relate Personal Tax Manager was launched at the Irish Taxation Institute Annual Conference. Relate Personal Tax Manager is the first and only package to use ROS web services to calculate and submit Form 11 returns. If you would like further information or a personal demonstration pleas email
info@relate-software.com

The 5th Year of the ICAI Annual IT Seminar was a great success with high attendance at Belfast, Dublin and Cork.

Nadine first joined Relate as our Company Administrator and was appointed Office Manager this month. She will be dealing with all accounts queries and other general office duties.

“I am looking forward to taking on the challenge of Office Manager and dealing with clients more on a day to day basis in the accounts department.”

Company Administrator

The ICAI and Relate Software launched the ICAI Procedure for Quality Audit in the ICAI offices in Belfast. The PQA’s are now incorporated into Relate Accounts Production and are now available as an add-on. Conal Kennedy – Head of Practice Consulting introduced and presented the new automated PQA’s to the members.

ICAI Procedure

Accountants specialist supplier Relate Software is celebrating this week having won two prestigious awards in October.

Relate Software and its flagship product DRIVE was announced as the Winner of The Software Satisfaction Award 2008 held at a black-tie event on 30th October in The Brewery London.

This is a highly coveted industry award as it is based on views of genuine customers rather than a judging panel. We were overwhelmed by the level of support from our customers and would like to thank them for their votes.

This award is a testament to the fact that Relate Software has a strong hard working team who maintain a high level of customer support with their skilled knowledge of the industry.

After being shortlisted in September Relate Software were delighted to also be a Winner of the The Deloitte- Technology Fast 50 Award 2008. The award ceremony took place on 16th October in The Guinness Storehouse St. James’ gate Dublin 8.

The award ranks the fastest growing Technology companies in Ireland.

Accountants specialist

Ian Lucey, Richie McMahon, Ray Rogers and Laurence Pyzer,
Relate Software Directors at The Software Satisfaction Awards 2008.

The offices of Relate Software will remain open until midnight on Tuesday 28th October 2008 to facilitate practitioners wishing to deliver Annual Returns electronically to The Company Registration Office. Relate support staff will be on hand to help with any queries you might have.

“We are delighted to be shortlisted for this award as only companies with proven growth are considered and shortlisted. Relate is dedicated to the accountancy profession and it is fitting that we have made it into the Deloitte Fast 50″.

Ray Rogers CEO

DRIVE has been shortlisted for the Sift Media Software Satisfaction Awards 2008. The Awards are based on the views of genuine buyers and end-users of business software applications – not those of a judging panel. This means that the Awards act as a valuable guide to any business taking the decision to purchase new software applications.

DRIVE has developed to include a new integration option for INVU one of the most popular document management systems on the UK market today. “A few of our clients have already implemented INVU and it was important to join both systems to continue the CRM approach we take to our implmentations.”

Richie McMahon – Relate Technology Director

Congratulations to our prize winner Mary-Louise O’Loughlin from Best Practice Accountants on winning the Samsung Tab raffle and goody bag.
Thank you so much to everyone for taking the time to complete our most recent customer feedback survey. Your opinions are very important to us and will only help to maintain and improve our customer service.

Survey Results
Pictured: Siobhan Quinn – Best Practice Accountants accepting the Samsung Tab on Mary-Louise’s behalf and Conor Kerrigan – Relate Software, Account Manager.

Surf Accounts have been named this year’s Bank of Ireland Start up of the year at the 2016 awards ceremony. The Top Prize was awarded to Surf Accounts after winning their own category, the Online/Digital Start up of the year. Surf Accounts will now go on to represent Ireland at the European start up awards. Over 650 entrants were whittled down to 80 Finalists on the night, which were Shortlisted across 10 Award Categories. The award for best overall start up was awarded to Surf Accounts after staving off competition from a record number of entrants.

“By targeting a sector, being innovative, building trust with intermediaries, thorough their customer service and never failing to deliver beyond expectation Surf was the clear winner for the Grand Prix of the 2016 Start Up Awards.” Gavin Duffy – Dragons’ Den, mediatraining.ie

Surf Accounts is an Irish owned Cloud Accounting package for SMEs. Surf Accounts has a host of new features such as, CRM, Inventory, Bank Feeds and are soon to release a Payroll package.

According to Surf Accounts CEO, Ray Rogers, this is just the beginning and there is still a long road ahead. Surf Accounts’ vision is to provide a full range of cloud based software for the SME market. Surf Accounts want to be the one stop shop for businesses looking to excel in their respective industries.

“It is fantastic to win such a high profile award. Bank of Ireland has supported us from the beginning and this award will help promote the Surf Accounts brand to Irish SME’s.” Ray Rogers – CEO Surf Accounts.

Awward BOI 2016

Relate Software continues it’s expansion with 3 additional support staff to ensure the company has the resources in place for the ever increasing demand for the Relate Product Suite and in particular Relate Accounts Production One Click iXBRL Solution.

Some pictures from our recent and very successful FRS102 & iXBRL Seminars. Also included ‘New’ Surf Club members receiving their membership certificates at the seminars.

Our Surf Club launch during 2013 saw over 100 firms joining and enjoying the benefits of putting their business clients onto the cloud. in December 2013. The number of Surfaccounts users has grown substantially through collaboration with accountancy firms throughout Ireland and the UK.

100+ firms switched to Relate Accounts Production in recent months and the number of new firms is set to continue as they gear up for both iXBRL and FRS 102.

Relate customers need not worry about FRS 102, one of the biggest challenges to face the profession, as Relate Accounts Production has been enhanced to manage the very difficult transitional arrangements. Formats have been updated to take account of the requirements needed for FRS 102.

NO MANUAL TAGGING. Relate Accounts Production is the only One Click iXBRL software solution on the market. All other systems include a level of manual tagging that is time consuming and costly. As the deadline for large firms to file to ROS has passed the pressure for medium and small firms to file is fast approaching. Relate successfully filed the first set of accounts to ROS in November 2012.

In response to the growing demand for its software and to help manage the iXBRL changeover for firms, Relate Software has added new staff in the following areas: Field Sales, Internal Sales, Marketing, Administration and Support.

Relate Staff

“We are delighted to be shortlisted again in the 2012 awards. This award has been very important to Relate over the last four years and it has helped attract firms from around the world. Supporting our users is the most important aspect of what we do. We would like to thank everybody who voted for us”. Ray Rogers CEO

Relate Accounts Production HMRC iXBRL Accounts Submission success rates are now running at 98%.

DRIVE has won “Best Practice Management Software” for the fourth year running at the accountingWeb awards in London. We would like to thank all of our customers who took the time to vote for DRIVE. We greatly appreciate your confidence and support in the product. Time Recording

Quotient Financial Solutions (South Africa) have signed up to implement DRIVE CRM & Practice Management over the coming weeks. Rapidly expanding Quotient was looking for an integrated solution to their practice management needs and came across DRIVE. Relate have localised DRIVE to ensure that Quotient receive a product suitable for the South African market.

Ellacotts LLP (long time DRIVE User and Reference Site) has today (28 July, 2011) been formally recognised as a top 100 UK accountancy firm for the first time in its history, thanks to a national survey conducted by the leading professional journal, Accountancy Age. David Saunders, managing partner at Banbury-based Ellacotts, said he was delighted with the achievement, pointing out the accolade rewarded the firm’s simple objective to add real value to the service every single client receives.
He said: “I like to think we’re different. We believe accounting, tax and business advice is about you and your lifestyle, rather than just numbers and products. That’s why we say we ‘deliver solutions’ and why we seem to be bucking the trend with our growth when compared with many of our competitors.”
He added: “As a firm we are thrilled to have made such good progress over the last year and to be ranked in the top 100 firms. We are also very proud to have been recruiting throughout the recent difficult economic times.”
David continued: “The growth of the firm has been significant and we moved premises in 2010 due to the need for more space. We also merged with another local firm, Jones Boughton, in 2010 and this has consolidated our critical mass in all key services.
“We are still recruiting and hope to take on four more trainees in the next few weeks. The investment in new premises and new personnel has been made as a strategic decision to consolidate our strengths in specialist services, value for money and delivering solutions.”
The Accountancy Age Top 50 +50 is an annual survey of leading UK firms in the profession. The 2011 report shows that only three of the top 10 firms grew over the last year, showing how challenging the economy has been for the profession in recent times. Ellacotts is placed at 95 in order of fees, with annual growth of 17%. Only one other firm in the top 100 has grown so fast.

“We are delighted to be shortlisted in the 2011 awards. We were disappointed to see the award category had changed this year but the award is very important to Relate over the last three years. It has helped attract firms from around the world. Supporting our users is the most important aspect of what we do. We would like to thank everybody who voted for us”. Ray Rogers CEO

On average the HMRC iXBRL Accounts Submission success rates are running at 60% with a failure rate of 40%. Relate Accounts Production rates are running at 80%. The overall experience of iXBRL has been difficult for firms to handle as well as the software suppliers trying to get firms compliant with the new submission criteria. We are delighted that our customers with our help are hitting the higher side of successful submission percentages. We are closing the gap on the failure side with the tightening of any tagging issues.

Relate are delighted to host the 7th Annual IT Seminar in Association with Chartered Accountants Ireland. This year Joe Drumgoole from The Right Hook on Newstalk 106 will be outlining future trends with cloud technology. The Carphone Warehouse will present a session on the where the smart phone is heading in the future as well as a review of the iPad.

Register early for this years event by emailing info@relate-software.com

Relate Software is holding a series of seminars on iXBRL to firms how it can handle the mandatory filing of accounts using iXBRL. Relate Accounts Production is growing its market share with old Apex users moving over to Relate to ensure that they are kept upto date with compliance.

“We are the most uptodate supplier of accounts compliant software on the market today. Our users can confidently go into an Institute audit review knowing that their clients accounts are the most uptodate around. We are ahead of our competition and my job is to keep us there.” Laurence Pyzer FCA – Relate Compliance Officer.

Relate have released an updated version of their Webtimesheets program. The system is much faster than the old version and access and other controls have been added. We would like to thank users for their feedback.

The offices of Relate Software will remain open until 9.00pm on Thursday 28th October 2010 to facilitate practitioners wishing to deliver Annual Returns electronically to The Company Registration Office. Relate support staff will be on hand to help with any queries you might have.

As the CRO’s servers will be dealing with heavy traffic on that day, we advise filing as early as possible on the day to avoid potential difficulties.

DRIVE has won “Best Practice Management Software” for the third year running at the accountingWeb awards in London. This is a major award with over 6,900 votes in an online survey. This year the voting changed, with 50% based upon a judging panel and 50% on user votes. We did not like the change in the voting scheme as we feel that it no longer represents user views. However we were delighted to get the accolade.
We would like to thank all of our customers who took the time to vote for DRIVE. We greatly appreciate your confidence and support in the product. We are now working on Version 3 and would welcome any feedback from users. Email info@relate-software.com with any enhancements you would like to see in DRIVE.

Relate Software are delighted to announce that Baker Tilly in Hong Kong have entered into a contract to implement DRIVE. The deal was struck appropriately on St. Patricks Day and will involve a 200 user implementation over the coming months.

Relate Software were delighted to sponsor a prize of a Digital Notepad. The winner of the prize was won by Tax Senior of McInerney Saunders.

 Digital Notepad

Relate Software are delighted to announce the release of the 2009 Tax update to our users ahead of time so that users could create returns and start work on organising their database. Relate received the Revenue Schema in early January and got out update out in record time.

Relate Software were delighted to host the CAI Annual Technology Seminar for the 6th year running. The three days were attended by over 500 accountants at the new Chartered headquarters on Pearse Street. The seminar is becoming one of the largest attended CAI events on the calendar.

Technology Seminar

Relate Software are delighted to announce they have entered into a distribution agreement with P2P Solutions.

P2P Solutions

Relate Software and its flagship product DRIVE have won the prestigious award for “Best Practice Management Software” at The Software Satisfaction Awards 2009 held at the Royal Courts of Justice in London last night.

This highly coveted industry award based on views of customers rather than a judging panel had 8,151 votes for 100 products from 72 software suppliers. The award highlights the success of Relate in the accountancy market and it is the second year running that Relate has won the award.

“We were overwhelmed by the level of support from our customers and would like to thank them once again for their votes. We are delighted to have won the award in our category. The award highlights the fact that our customers believe that DRIVE is the best combined CRM, Practice Management and Document Management solution available on the market today”.

Management Software

Relate has been very busy doing over 100 presentations of Relate Personal Tax Manager to a selection of our existing clients. Our sales representatives have been booked out solidly to the point where we had to stop taking bookings. The package has been extremely well received with many firms now moved onto the system and off the ROS offline or competitive applications.

We are delighted to announce that Fergus Fitzpatrick & Company have rolled out Relate Personal Tax software. “We are currently moving all of our 2007 .f11 files from our ROS directory into the central Relate tax database, we have already calculated and submitted 2008 returns through the new Relate package” says Fran Fitzpatrick – Fergus Fitzpatrick & Company

Other firms to recently implement Relate Personal Tax were Byrne McCall, Gray & Murray, O’Gorman & Company, Spain McQuillan, McCrystal Accountants.

Relate Software was the first to update its Accounts Production product with the changes required in the UK on the implementation of the relevant sections of the Companies Act 2006 and the consequential revision of the auditing standard ISA (UK and Ireland) 700.

The company template includes the major changes required by the UK Companies Act 2006 and its delegated legislation:

  • SI 2008 No. 489 The Companies (Disclosure of Auditor Remuneration and Liability Limitation Agreements
  • SI 2008 No. 410 The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008
  • SI 2008 No. 409 The Small Companies and Groups (Accounts and Directors’ Report) Regulations 2008)

UK companies with year-starts on or after 6th April 2008 (effectively those with year-ends on or after 30th April 2009) are automatically switched to the new disclosure requirements and references. Companies registered in Northern Ireland adhere to the new Act from then as well. All GB and NI companies with year-starts before 6th April 2008 will automatically continue to abide by and refer to the old legislation.

For GB/NI companies with year-starts on or after 6th April 2008 the following changes are apparent in the Compliance Database:

  1. No Authorised Share Capital.
  2. Senior Statutory Auditor with Auditor’s Status set to Statutory Auditors.
  3. Disclosure of directors’ interests in shares of company (or group) is now optional.
  4. The Political and Charitable Contribution entries are now subject to the new limits.

The company template also includes the changes required by ISA ( UK and Ireland ) 700 (Revised) including:

  • APB Bulletin 2008-4 Special Auditors’ Report on Abbreviated Accounts.
  • APB Bulletin 2009-2 Auditor’s Reports on Financial Statements in the United Kingdom.
  • The change to the new auditor’s reports is effective in the template for all periods ending on or after 5th April 2009.
  • The change incorporates all relevant references to the UK Companies Act 2006.

The existing reports apply to all prior periods.
The Compliance Database for relevant companies now incorporates the following changes:

  1. Senior Statutory Auditor (per UK Companies Act 2006 and the above APB Bulletins)
  2. A reference to APB’s Web-Site in the Auditor’s Report for the Description of the Scope of an Audit or the appropriate text for the scope of the auditas prescribed is shown in the auditor’s report. Firms must decide which option they require either at firm-wide level or specific to each set of accounts.
  3. Auditors’ reporting on:
  • Material Inconsistency between the Financial Statements and the Directors’ Report
  • Matters to Report by Exception
  • Omission of Auditor’s Name

Relate Personal Tax Manager was launched at the Irish Taxation Institute Annual Conference. Relate Personal Tax Manager is the first and only package to use ROS web services to calculate and submit Form 11 returns. If you would like further information or a personal demonstration pleas email info@relate-software.com

The 5th Year of the ICAI Annual IT Seminar was a great success with high attendance at Belfast, Dublin and Cork.

Nadine first joined Relate as our Company Administrator and was appointed Office Manager this month. She will be dealing with all accounts queries and other general office duties.

“I am looking forward to taking on the challenge of Office Manager and dealing with clients more on a day to day basis in the accounts department.”

Company Administrator

The ICAI and Relate Software launched the ICAI Procedure for Quality Audit in the ICAI offices in Belfast. The PQA’s are now incorporated into Relate Accounts Production and are now available as an add-on. Conal Kennedy – Head of Practice Consulting introduced and presented the new automated PQA’s to the members.

ICAI Procedure

Accountants specialist supplier Relate Software is celebrating this week having won two prestigious awards in October.

Relate Software and its flagship product DRIVE was announced as the Winner of The Software Satisfaction Award 2008 held at a black-tie event on 30th October in The Brewery London.

This is a highly coveted industry award as it is based on views of genuine customers rather than a judging panel. We were overwhelmed by the level of support from our customers and would like to thank them for their votes.

This award is a testament to the fact that Relate Software has a strong hard working team who maintain a high level of customer support with their skilled knowledge of the industry.

After being shortlisted in September Relate Software were delighted to also be a Winner of the The Deloitte- Technology Fast 50 Award 2008. The award ceremony took place on 16th October in The Guinness Storehouse St. James’ gate Dublin 8.

The award ranks the fastest growing Technology companies in Ireland.

Accountants specialist

Ian Lucey, Richie McMahon, Ray Rogers and Laurence Pyzer,
Relate Software Directors at The Software Satisfaction Awards 2008.

The offices of Relate Software will remain open until midnight on Tuesday 28th October 2008 to facilitate practitioners wishing to deliver Annual Returns electronically to The Company Registration Office. Relate support staff will be on hand to help with any queries you might have.

“We are delighted to be shortlisted for this award as only companies with proven growth are considered and shortlisted. Relate is dedicated to the accountancy profession and it is fitting that we have made it into the Deloitte Fast 50″.
Ray Rogers CEO

DRIVE has been shortlisted for the Sift Media Software Satisfaction Awards 2008. The Awards are based on the views of genuine buyers and end-users of business software applications – not those of a judging panel. This means that the Awards act as a valuable guide to any business taking the decision to purchase new software applications.

DRIVE has developed to include a new integration option for INVU one of the most popular document management systems on the UK market today. “A few of our clients have already implemented INVU and it was important to join both systems to continue the CRM approach we take to our implmentations.” Richie McMahon – Relate Technology Director