Who’s Watching the Money?

Paul Redmond

Who's Watching The Money? is the podcast that pulls back the curtain on the world of accountancy, family businesses, and the real-life humans behind the numbers. Hosted by Dan Daly and Paul Redmond of RDA Accountants, each episode tackles the questions that matter most to business owners and families: How do you protect what you've built? How do you pass it on? Who's asking you the hard questions that a corporate board would ask? And what are the hidden risks lurking in your business that nobody's talking about? With a blend of practical advice, personal stories, and the occasional debate Dan and Paul bring warmth, humour, and expertise to topics that too often get buried in jargon. Whether you're a family business owner, an entrepreneur, or simply someone who wants to understand how money really works, Who's Watching The Money? is your invitation to think differently about your business, your family, and your future. Because if you're not asking the questions, who is?

  1. Sep 29

    The 10 Questions Every Family Business Owner Should Be Asking

    Welcome back to Who's Watching The Money? In this episode, Dan Daly and Paul Redmond from RDA Accountants tackle one of the most important topics for any business owner: the questions you should be asking yourself but probably aren't. The big corporates have a board of directors who meet regularly to challenge, scrutinise, and ask the hard questions. But who's asking the family business owner? The answer, too often, is nobody. In this episode, Paul puts Dan in the hot seat with ten critical questions designed to expose the blind spots that leave owner-managed businesses vulnerable. From key person risk to trapped wealth, from tax structures to legacy planning, this episode is a practical checklist for anyone who wants to protect their business, their family, and their future. Whether you're a business owner, part of a family firm, or an advisor looking to better serve your clients, this episode will challenge you to confront the hidden risks and missed opportunities that come with running a business. Because if you're not asking the questions, who is?   Contact RDA Accountants Ireland – https://www.rda.ie/contact Contact RDA Accountants UK - https://rdaaccountants.co.uk/contact   Contact Paul here: LinkedIn                                            https://www.linkedin.com/in/paul-redmond-rda/ Email                                                 predmond@rda.ie   Find Dan here: LinkedIn                                              https://www.linkedin.com/in/danieldalyrda/ Email                                                    ddaly@rdaaccountants.co.uk   Listen to more episodes here: https://www.youtube.com/playlist?list=PLW6b8toTV5hUBzSDkTC1B1YFUC70-Rs-z   Find Who’s Watching the Money here: YouTube:            https://www.youtube.com/@rdaaccountants26 Apple:                  https://podcasts.apple.com/us/podcast/whos-watching-the-money/id1759207774 Spotify:               https://open.spotify.com/show/68lrgwtIPUYTBB5VmZEYm8 Web:                    https://redcircle.com/shows/whos-watching-the-money

  2. Sep 29

    Welcome to ‘Who’s Watching the Money’

    Who's Watching The Money? is the podcast that pulls back the curtain on the world of accountancy, family businesses, and the real-life humans behind the numbers. Hosted by Dan Daly and Paul Redmond of RDA Accountants, each episode tackles the questions that matter most to business owners and families: How do you protect what you've built? How do you pass it on? Who's asking you the hard questions that a corporate board would ask? And what are the hidden risks lurking in your business that nobody's talking about? With a blend of practical advice, personal stories, and the occasional debate Dan and Paul bring warmth, humour, and expertise to topics that too often get buried in jargon. Whether you're a family business owner, an entrepreneur, or simply someone who wants to understand how money really works, Who's Watching The Money? is your invitation to think differently about your business, your family, and your future. Listen in, ask your questions, and let's see where this goes.   Contact RDA Accountants Ireland – https://www.rda.ie/contact Contact RDA Accountants UK - https://rdaaccountants.co.uk/contact   Contact Paul here: LinkedIn                                              https://www.linkedin.com/in/paul-redmond-rda/ Email                                                   predmond@rda.ie   Find Dan here: LinkedIn                                              https://www.linkedin.com/in/danieldalyrda/ Email                                                    ddaly@rdaaccountants.co.uk   Listen to more episodes here: https://www.youtube.com/playlist?list=PLW6b8toTV5hUBzSDkTC1B1YFUC70-Rs-z   Find Who’s Watching the Money here: YouTube:            https://www.youtube.com/@rdaaccountants26 Apple:                  https://podcasts.apple.com/us/podcast/whos-watching-the-money/id1759207774 Spotify:               https://open.spotify.com/show/68lrgwtIPUYTBB5VmZEYm8 Web:                    https://redcircle.com/shows/whos-watching-the-money

  3. 10/21/2025

    The Clarity Map: Your Whole Financial Life on One Page

    In this episode Paul Redmond introduces a powerful tool to combat overwhelm and complexity: the Clarity Map. This single-page visual snapshot captures your entire financial world—businesses, personal wealth, family structures, professional advisors, and strategic goals. Paul explains how creating this map reveals surprising gaps, uncovers opportunities, and provides immense relief by putting you back in control. Learn how this simple exercise transforms decision-making, aligns your advisory team, and turns you from an overwhelmed administrator into the confident leader of your plan. Key Takeaways: Complexity Leads to Overwhelm: Juggling multiple businesses, entities, and advisors without a unified view creates stress and unclear direction.The Power of One Page: The Clarity Map consolidates your entire financial life into five key areas: Businesses/Entities, Personal Wealth, Family & Legacy Structures, Professional Relationships, and Strategic Objectives.It Reveals Surprises & Gaps: The process of creating the map often uncovers forgotten assets, outdated plans, duplicate policies, and structural misalignments you weren't aware of.From Overwhelm to Control: The map provides immediate clarity, transforming feelings of being overwhelmed into confidence by identifying the precise issues and opportunities you need to address.Creates a Shared Playbook: The Clarity Map becomes a single source of truth that aligns all your advisors (accountant, solicitor, financial planner), ensuring everyone is working from the same plan and towards the same goals.You Can't Lead What You Can't See: This tool empowers you to become the strategic leader of your financial future, rather than just the overwhelmed administrator of it.  Contact Paul here: LinkedIn                                            https://www.linkedin.com/in/paul-redmond-rda/ Email                                                 predmond@rda.ie   Find Dan here: LinkedIn                                              https://www.linkedin.com/in/danieldalyrda/   Listen to more episodes here: https://www.youtube.com/playlist?list=PLW6b8toTV5hUBzSDkTC1B1YFUC70-Rs-z   Find Crunch My Numbers here: YouTube:            https://www.youtube.com/@paulredmond57 Apple:                  https://podcasts.apple.com/us/podcast/crunch-my-numbers/id1759207774 Spotify:                https://open.spotify.com/show/68lrgwtIPUYTBB5VmZEYm8 Web:                    https://redcircle.com/shows/crunch-my-numbers

  4. 10/07/2025

    The Clarity Map: Your Whole Financial Life on One Page

    In this episode Paul Redmond introduces a powerful tool to combat overwhelm and complexity: the Clarity Map. This single-page visual snapshot captures your entire financial world—businesses, personal wealth, family structures, professional advisors, and strategic goals. Paul explains how creating this map reveals surprising gaps, uncovers opportunities, and provides immense relief by putting you back in control. Learn how this simple exercise transforms decision-making, aligns your advisory team, and turns you from an overwhelmed administrator into the confident leader of your plan. Key Takeaways: Complexity Leads to Overwhelm: Juggling multiple businesses, entities, and advisors without a unified view creates stress and unclear direction.The Power of One Page: The Clarity Map consolidates your entire financial life into five key areas: Businesses/Entities, Personal Wealth, Family & Legacy Structures, Professional Relationships, and Strategic Objectives.It Reveals Surprises & Gaps: The process of creating the map often uncovers forgotten assets, outdated plans, duplicate policies, and structural misalignments you weren't aware of.From Overwhelm to Control: The map provides immediate clarity, transforming feelings of being overwhelmed into confidence by identifying the precise issues and opportunities you need to address.Creates a Shared Playbook: The Clarity Map becomes a single source of truth that aligns all your advisors (accountant, solicitor, financial planner), ensuring everyone is working from the same plan and towards the same goals.You Can't Lead What You Can't See: This tool empowers you to become the strategic leader of your financial future, rather than just the overwhelmed administrator of it.  Contact Paul here: LinkedIn                                            https://www.linkedin.com/in/paul-redmond-rda/ Email                                                 predmond@rda.ie   Find Dan here: LinkedIn                                              https://www.linkedin.com/in/danieldalyrda/   Listen to more episodes here: https://www.youtube.com/playlist?list=PLW6b8toTV5hUBzSDkTC1B1YFUC70-Rs-z   Find Crunch My Numbers here: YouTube:            https://www.youtube.com/@paulredmond57 Apple:                  https://podcasts.apple.com/us/podcast/crunch-my-numbers/id1759207774 Spotify:               https://open.spotify.com/show/68lrgwtIPUYTBB5VmZEYm8 Web:                    https://redcircle.com/shows/crunch-my-numbers

  5. 09/23/2025

    The Family Meeting Blueprint: Avoiding the Cost of Silence

    Host Paul Redmond tackles one of the most crucial yet avoided conversations for business owners: discussing wealth and succession with their families. He reveals why having a perfectly drafted will or tax plan is not enough and how silence can lead to financial fallout and emotional strife. Paul provides a practical, four-step blueprint for running a productive family meeting that fosters clarity and protects relationships, emphasizing that the most powerful inheritance you can leave isn't money—it's clarity. Avoiding the conversation about wealth and succession guarantees future problems. Having the difficult discussion now, using a structured and empathetic approach, is an act of love that protects both your family's financial future and their relationships.   Key Takeaways 1. Documents Do Not Replace Conversations A common mistake is believing a perfectly drafted will, trust, or tax plan is sufficient. These documents are tools for execution, but they cannot prevent family conflict if the intentions and reasons behind them are not clearly communicated and understood.2. The "Cost of Silence" is Immense Avoiding the conversation leads to a dual fallout:Financial: Wasted structures, missed tax reliefs, assets getting tied up, and wealth being eroded by advisory fees to fix problems.Emotional: Resentment, confusion, mistrust, and long-lasting family conflict after you're gone.3. The Goal is Clarity, Not Just Distribution The most powerful inheritance you can leave your family is not money, but clarity. Clear communication about your wishes, values, and the "why" behind decisions is the greatest gift for preserving family harmony.4. Use a Four-Step Blueprint for a Successful Family Meeting Frame the Purpose: Clearly state that the meeting is about alignment and reducing future stress, not dividing assets. It's about ensuring everyone understands their role and your wishes.Pick the Timing & Setting Carefully: Choose a neutral time and space, not a holiday or birthday. Consider using a neutral third-party facilitator to chair the meeting.Use a Neutral Framework: Employ a tool or methodology (e.g., a "Legacy Lens") to provide structure. This shifts the conversation from personal opinions to shared clarity and helps manage emotional resistance.Facilitate, Don't Dictate: Approach the meeting as a dialogue. Use phrases like, "Here’s what we’re thinking, we’d love to hear your thoughts." The goal is to listen and make people feel heard.5. Start with Powerful "Starter Questions" Begin the conversation by reflecting on and discussing:What kind of legacy do we want to leave as a family?What does "fair" look like? (Equitable doesn't always mean equal).What is the most important thing to protect: the estate or the family relationships? (The answer should always be family first).6. Practical Tools: The Legacy Letter and Starting Small Write a Legacy Letter: This is a non-legal, personal letter (or video) explaining your hopes, values, and dreams. It provides context and reduces the chance of conflict.Start Small: The first meeting is an introduction to the conversation. You don't need to solve everything at once. The objective is to start the dialogue and set a date for the next conversation.  Contact Paul here: LinkedIn                                            https://www.linkedin.com/in/paul-redmond-rda/ Email                                                 predmond@rda.ie   Find Dan here: LinkedIn                                              https://www.linkedin.com/in/danieldalyrda/   Listen to more episodes here: https://www.youtube.com/playlist?list=PLW6b8toTV5hUBzSDkTC1B1YFUC70-Rs-z   Find Crunch My Numbers here: YouTube:            https://www.youtube.com/@paulredmond57 Apple:                  https://podcasts.apple.com/us/podcast/crunch-my-numbers/id1759207774 Spotify:                https://open.spotify.com/show/68lrgwtIPUYTBB5VmZEYm8 Web:                    https://redcircle.com/shows/crunch-my-numbers

  6. 09/09/2025

    Why Year-to-Year Tax Planning Fails Families

    In this episode of the Connected Advice podcast, host Paul Redmond is joined by George Skelton, tax partner, to explore the pitfalls of short-term tax planning. They discuss why focusing solely on annual tax deadlines often leads to missed opportunities, unnecessary stress, and financial inefficiency for families and business owners.  George shares real-life examples of how long-term strategies—like leveraging capital gains allowances, pension contributions, and inheritance exemptions—can create significant tax savings and provide peace of mind. Tune in to learn why connected, forward-thinking advice is essential for building and preserving family wealth across generations. Key Takeaways 1. Short-Term Planning Limits Your Options 2. You Miss Out on "Use-It-or-Lose-It" Allowances 3. "Siloed Advice" Creates Stress and Inefficiency 4. Rushed Decisions Lead to Costly Mistakes 5. Small, Consistent Actions Build Significant Wealth 6. The Alternative: Proactive, Multi-Year "Connected Advice" Effective tax and wealth planning isn't an annual event—it's an ongoing, strategic process. Behind every number is a family decision, and those decisions are best made with time, collaboration, and a long-term perspective.   Contact Paul here: LinkedIn                                            https://www.linkedin.com/in/paul-redmond-rda/ Email                                                 predmond@rda.ie   Find Dan here: LinkedIn                                              https://www.linkedin.com/in/danieldalyrda/   Listen to more episodes here: https://www.youtube.com/playlist?list=PLW6b8toTV5hUBzSDkTC1B1YFUC70-Rs-z   Find Crunch My Numbers here: YouTube:            https://www.youtube.com/@paulredmond57 Apple:                  https://podcasts.apple.com/us/podcast/crunch-my-numbers/id1759207774 Spotify:                https://open.spotify.com/show/68lrgwtIPUYTBB5VmZEYm8 Web:                    https://redcircle.com/shows/crunch-my-numbers

  7. 08/26/2025

    From Tax Bills to Building Wealth: Crafting a 3-Year Growth Plan

    In this episode, Paul Redmond breaks down why reactive, year-end tax scrambling is costing business owners thousands—and how shifting to a *3-year tax strategy* can unlock growth, protect wealth, and turn compliance into a competitive advantage. Learn how to use tools like holding companies, R&D credits, and entrepreneurial relief to build lasting value—not just annual savings. Key takeaways: Why short-term tax thinking limits your upside (and how to break the cycle).How to align tax planning with business lifecycles—start-up, growth, scale, and exit.Practical steps to create a rolling 3-year tax roadmap (and get your advisors on board).Real examples: Business owners who built wealth—not just avoided bills.Stop counting pennies. Start planning like a pro. Hosted by Paul Redmond | "Crunch My Numbers" – Where strategy meets savings.    Contact Paul here: LinkedIn                                            https://www.linkedin.com/in/paul-redmond-rda/ Email                                                 predmond@rda.ie   Find Dan here: LinkedIn                                              https://www.linkedin.com/in/danieldalyrda/   Listen to more episodes here: https://www.youtube.com/playlist?list=PLW6b8toTV5hUBzSDkTC1B1YFUC70-Rs-z   Find Crunch My Numbers here: YouTube:            https://www.youtube.com/@paulredmond57 Apple:                  https://podcasts.apple.com/us/podcast/crunch-my-numbers/id1759207774 Spotify:               https://open.spotify.com/show/68lrgwtIPUYTBB5VmZEYm8 Web:                    https://redcircle.com/shows/crunch-my-numbers

About

Who's Watching The Money? is the podcast that pulls back the curtain on the world of accountancy, family businesses, and the real-life humans behind the numbers. Hosted by Dan Daly and Paul Redmond of RDA Accountants, each episode tackles the questions that matter most to business owners and families: How do you protect what you've built? How do you pass it on? Who's asking you the hard questions that a corporate board would ask? And what are the hidden risks lurking in your business that nobody's talking about? With a blend of practical advice, personal stories, and the occasional debate Dan and Paul bring warmth, humour, and expertise to topics that too often get buried in jargon. Whether you're a family business owner, an entrepreneur, or simply someone who wants to understand how money really works, Who's Watching The Money? is your invitation to think differently about your business, your family, and your future. Because if you're not asking the questions, who is?

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