Managing partners in leading Accountancy & Business Advisory practices discuss activity, in-demand service lines, and the business outlook

ACTIVITY

Over the past year, we’ve made key advancements to enhance our services and strengthen our position in client advisory services.

With increasing complexity in international tax, clients are more aware of transfer pricing obligations, seeking proper documentation and compliance.

Strong documentation is crucial for defending pricing against challenges, and we anticipate more engagement with Revenue.

Demand for VAT services has surged, particularly in navigating cross-border obstacles, a trend we expect to continue.

Global mobility has also grown significantly, with clients valuing our integrated approach to tax, compliance, HR, pensions and payroll.

This is supported by international partners for seamless cross-border solutions.

To meet demand, we continue to recruit financial advisory, specialist taxation, data analytics and compliance experts.

PROFESSION

The accountancy profession is undergoing major change due to regulatory shifts, economic uncertainty and rapid advancements in AI and automation.

These developments will reshape firm operations and client financial management.

To adapt, we have integrated data analytics and automation into our practice, enabling real-time reporting, predictive forecasting and risk-assessment tools.

These tools enhance decision-making, efficiency and compliance.

With increased reliance on the cloud, cybersecurity is a priority.

We have reinforced data protection measures to ensure security and regulatory compliance. Investing in professional development remains key to equipping our team with skills to leverage emerging technologies and deliver high-value financial insights.

OUTLOOK

We expect continued growth for our firm by expanding core compliance and advisory services. Technology and regulatory shifts are driving transformation.

Firms are prioritising technology and automation for efficiency and to stay competitive. Ireland’s economy is set for 4% GDP growth in 2025, supported by strong employment and tax revenues.

However, external risks such as geopolitical tensions, tariffs and global trade shifts require vigilance.

While we are optimistic about the prospects for our firm and the Irish economy, we remain attentive to external factors and are committed to adapting our strategies to navigate any challenges that may arise.