Accountancies and Tax Consultants in Ireland - Industry Market Research Report

Low accounts: Industry revenue is estimated to inch upwards in 2023 as weakened economic conditions have supressed demand

Accountancies and Tax Consultants revenue is expected to grow at a compound annual rate of 1.3% over the five years through 2023, reaching €3.7 billion. Industry growth has been constrained by COVID-19, though demand rebounded in 2021. Rising number of businesses in Ireland, strong M&A activity prior to COVID-19 and rising employment have supported demand for accountancies and tax consultants, with the industry's potential client pool expanding. This industry includes accounting, auditing, bookkeeping and tax consultants in Ireland. Firms in this industry prepare and examine financial accounts, record commercial transactions for other organisations, prepare personal and business income tax returns, offer tax advisory services, and represent firms before tax authorities. Industry operators do not offer management consultancy on accounting systems or the provision of budgetary procedures. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.