Friday 23 March 2018

Extra support for firms in distress

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Donal O'Donovan

Donal O'Donovan

A FREE service that helps struggling businesses with advice and expertise has announced plans to expand in 2017.

Chartered Accountants Voluntary Advice (CAVA) was established 10 years by Chartered Accountants Ireland.

It is a free, confidential, independent national organisation that advises business people who find themselves in difficulty, and usually cannot afford to pay for professional services such as an accountant.

Staffed by volunteers from the profession, those who use the service tend to be small businesses, start-ups, landlords, builders, and farmers without financial expertise.

The group is now expanding its service by opening clinics in more locations around the country, including in Sandymount, Dublin and in Waterford.

In 2016, more than 820 small businesses and sole traders contacted the organisation for help.

CAVA puts business people who are in distress in contact with a network of experienced business advisors in Chartered Accountants Ireland. It is the only support service of its kind in Ireland

The service draws on a panel of over 130 qualified chartered accountants who volunteer their expertise at the clinics. CAVA's volunteers come from a range of backgrounds, including major accountancy practices and law firms, smaller regional practices, and retired members.

They give practical face-to-face advice and the volunteers work in tandem with a range of other agencies including the Free Legal Advice Centre, Citizen's Information Board, Revenue, and Social Welfare.

Irish Independent

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