Accounting firm with Cork base to create 400 jobs as revenues sore
The firm has 30 offices scattered across Ireland, supporting over 30,000 clients.
Through their services, they support 18,000 producers, 3,000 clients in the agri-food sector, and 7,000 SMEs with a full range of professional services, including accounting, tax, audit, corporate finance, consultancy, corporate recovery, payroll, financial planning, company secretarial, and business valuations.
With revenues expected to hit €50 million, Ifac has transformed from its humble beginnings to become a top ten accountancy and advisory firm.
The firm began as a specialist advisor to Irish farmers and has seen remarkable growth, from undergoing a successful rebrand in 2018 to expanding its services in farming, food, agri-business, the SME space, tax, and audit, thereby meeting and exceeding client needs.
Founding chair Donal Cashman said the firm is investing in the communities they operate in.
'While the firm will continue to respect its heritage, it will continue to grow with Irish farmers and producers, alongside expanding into new markets.
'Its focus today is very much on continuous improvement, most recently marked by the launch of a new specialist team for mid to large SMEs.
'And as Ifac enters its next chapter, its mission remains unchanged: to help clients succeed on the farm, in business, and beyond,' Mr Cashman said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Journal
5 hours ago
- The Journal
Fine Gael councillor didn't declare 50% stake in firm accused of charging nurses unlawful fees
FINE GAEL COUNCILLOR and former South Dublin Mayor Baby Pereppadan did not declare his 50% shareholding in a recruitment agency that has been accused of charging migrant nurses unlawful fees. In 2022, 2023, and 2024 Pereppadan failed to disclose his interest in Angel Care Consultancy Limited. The councillor has denied knowledge of nurses being charged additional fees and said that he was not involved in the daily operations of the company. For a period of time in 2022-2023 he was also a director, which he has also not declared. Councillor Pereppadan was appointed director in November 2022 and resigned in May of the following year. Pereppadan told The Journal earlier this month that he had been offered 'a 50% shareholding' in the company as a gesture of goodwill after assisting in some of the early administration aspects of the company in 2021. He has not responded to questions on why he did not declare his directorship and a 50% shareholding in the company. The Journal Investigates last week reported on the councillor's interest in the company and that he is a former director of the recruitment agency. The company has been accused of charging three migrant nurses thousands of euros in agency fees on top of their standard costs, as part of their recruitment to work in an Irish nursing home. One of these nurses claims she was directed to pay the equivalent of €3,000 directly into the bank account of Britto Pereppadan, Baby's son, who is also a Fine Gael councillor in Tallaght, and a hospital doctor. Britto Pereppadan does not have any shares in Angel Care and he is not formally associated with the company. Advertisement He has said that the payment of €3,000 was made to him for a personal debt by another co-founder of the company, businessman Babu Valooran Kochuvarkey. These kinds of agency fees are not allowed under Irish employment law, under rules that are designed to stop people from profiting directly from those seeking work. Fine Gael reserving judgement Since the article was published on Friday, People Before Profit and Sinn Féin TDs have called on Fine Gael to launch an investigation into the councillors, and a complaint has been made to the South Dublin County Council Ethics Registrar. The Standards in Public Office Commission (SIPO) clearly sets out in its code of conduct for councillors that they must furnish the Ethics Registrar of their council with an annual declaration of their interests, including financial, property, and business interests. Records show that Baby Pereppadan reported no company directorships or shareholdings in 2022, 2023, and 2024. Baby Pereppadan was a director in Angel Care from 22 November 2022 until 19 May 2023. When he resigned his daughter, a 22-year-old dentistry student, was appointed as director. Baby Pereppadan has said that his daughter's involvement was 'nominal' and 'administrative' and that she has not had any involvement in running the company. In response to a series of questions, Baby Pereppadan said that he did not know anything about agency fees being charged to the three nurses. 'I have no knowledge of the allegations regarding agency fees being charged to nurses, and I am shocked to learn of these claims, should they be true. I have had no involvement in the day-to-day activities of the company, nor was I made aware of any extra fees being levied,' Baby Pereppadan said in an initial response to The Journal Investigates . Related Reads Two FG councillors have 'questions to answer' over migrant nurse agency fees, say opposition TDs Fine Gael councillor co-owns company accused of charging migrant nurses unlawful 'agency fees' He also said that he was given a 50% ownership stake in the company as a gesture of goodwill from Valooran, the other co-founder. Fine Gael response Baby Pereppadan's business partner businessman Babu Valooran Kochuvarkey has claimed that nurses had full knowledge of the fees that they paid, and that the two sums of just over €3,000 and one sum of €3,600 that were charged to the three nurses were expenses related. Mr Valooran said that he would further engage with one nurse who had requested a refund of additional fees. The three nurses have told The Journal that these were lump sum agency fees that they were asked to pay at the outset of their recruitment, and that they themselves paid for expenses including accommodation in Dublin during their examination period and transport in cash; they have also provided documentation which appears to support their claims. Britto Pereppadan has claimed that his father's business partner, Babu Valooran Kochuvarkey, had owed him a sum of money, which he paid to him, and that he didn't know how it was obtained. Asked for a response to the revelations in the article last Friday, a spokesperson for Fine Gael said that Councillor Baby Pereppadan had himself made the party aware of the piece. Yesterday at a press conference Tánaiste and party leader Simon Harris said that he is going to 'reserve judgement' on the matters covered in the article until he is provided with clarifications by the Pereppadans. Asked if he planned to take action on any of the revelations Harris said: 'I understand that the councillors are disputing some of that and are currently seeking legal advice, and my party headquarters has sought more information from them in relation to that and I await the outcome of that.' When pressed on whether Fine Gael would investigate further the Tánaiste said that the two councillors 'will provide my party headquarters with more information and I will wait until I have all the facts'. 'Once I have all the facts, I will make a judgement then,' Harris added. Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. Learn More Support The Journal
Agriland
5 hours ago
- Agriland
Former farm leaders oppose Mercosur deal at Tullamore Show
Former leaders of two of the country's leading farm organisations joined forces at the 2025 Tullamore Show and FBD National Livestock Show to opposed the EU-Mercosur Trade Agreement. Former Irish Farmers' Association (IFA) president John Dillon and former Irish Creamery Milk Suppliers' Association (ICMSA) president Pat O'Rourke – now a political and agriculture adviser to MEP Ciaran Mullooly - made a joint effort at the event on Sunday (August 10) to warn about the deal. The two men said that said the Mercosur deal will have a "devastating impact" on Irish beef farmers. If ratified by EU member states, the deal would grant significantly increased access for South American beef into the European market. Speaking at the show, the two former farm leaders highlighted what they called a "massive price gap" between Brazilian and Irish beef, which they said was driven by a differences in production standards. Dillon claimed: "The farmgate price for beef in Brazil is just €3.20/kg. In Ireland, it's €9.50/kg. That difference is explained by the lower animal welfare standards, use of growth hormones, and weaker environmental protections in Mercosur countries. "The structural disadvantages for Irish farmers are equally stark. While farms in Mercosur countries can be as large as 15,000ha, the average Irish family farm is just 34ha. 'Irish farmers cannot and will not be able to compete on price with beef produced under vastly different rules and on an industrial scale. If the government is serious about backing Irish farmers, there's only one option – say no to Mercosur," O'Rourke said. The two men jointly called on the government to take a firm stand against the deal in upcoming EU negotiations, warning that its ratification would undermine the Irish beef sector, threaten rural livelihoods, and reward production systems that fail to meet the high standards demanded of EU farmers. The Tánaiste and Minister for Foreign Affairs and Trade, Simon Harris, recently said he had discussed international trade developments, including the Mercosur agreement, with his counterparts from France and Germany, among others. He said: "The government is committed to supporting free, fair and open trade. Indeed, recent developments in the global trading environment have highlighted the importance of market diversification via an expanded set of EU free trade agreements. "We have always been clear, that such agreements must defend our most vulnerable sectors and that our farmers' livelihoods must not be undermined through weak or ineffective environmental standards in other countries." "Our position is clearly outlined in the Programme for Government, which states that the government will work with like-minded EU countries to stand up for Irish farmers and defend our interests in opposing the current Mercosur trade deal," the Tánaiste said.
Irish Examiner
7 hours ago
- Irish Examiner
Irish people 'complicit in genocide' if Occupied Territories Bill not enacted, Taoiseach told
Members of the public told the Taoiseach Irish people would be 'complicit in genocide' if the Government did not enact the Occupied Territories Bill and stop the sale of Israeli bonds. New documents released to the Irish Examiner under Freedom of Information (FOI) laws show Micheál Martin was implored to fully ban imports from illegally occupied Palestinian territories. Just one email, out of a sample of 50 pieces of correspondence released, asked Mr Martin not to pass the legislation, urging him to consider 'making a political statement at the expense of real Irish workers'. The Government is progressing legislation that will ban the importation of goods from Israeli settlements in Palestine. The plans, approved by Cabinet in May, have been criticised by the opposition for not going far enough as it does not include services. Correspondence sent to the Taoiseach showed members of the public calling for the Occupied Territories Bill to be passed. One writer said 'diplomatic pressure has been put on the Government by the Americans and other Israel-aligned groups to scupper the bill'. 'But this is not the time for kowtowing to other countries' special interest groups. This is the time for clear and decisive moral action — the display of a little national dignity and backbone,' they added. Another person said the Government had 'left it too late' and should have implemented it before Donald Trump was re-elected US president. 'Stop kowtowing to this maniac, will make no difference,' they said. Another person called on the Government to 'enact the OT Bill now' and 'do whatever you can with trade embargo's' [sic]. 'As an Irish person, I am now complicit in a genocide because we are not doing enough,' they said. Another writer told Mr Martin that 'economic considerations should be set aside'. However, one concerned worker urged the Government to reconsider, adding they worked for a US multinational and expressed concerns about the impacts it would have. 'While I understand and respect the desire to express strong moral stances, it is my view that policies should be crafted with careful consideration of their practical consequences,' they said. As a citizen who cannot afford the luxury of symbolic gestures at the cost of real jobs and investment, I am asking you to reconsider the approach being taken. 'Ireland has always been proud to lead with its values on the world stage. However, the Occupied Territories Bill risks making a political statement at the expense of real Irish workers — people like me who rely on US-Ireland business relationships for our families' security.' The public also called on the Taoiseach to stop the facilitation of Israeli war bonds through the Central Bank of Ireland. The Government has stated this cannot be done under EU treaties. The Government voted against a Sinn Féin motion to end the sales. This led to further correspondence being sent to Mr Martin. Several writers said the Government was 'complicit' in Israel's genocide by not stopping the bond sales. 'Our Government's passive complicity is a stain on our proud history of standing against oppression,' one person said. Another wrote: 'While the Irish Government mostly say the right words, it's your actions — or inactions — that speak the real truth."
