LATEST INDUSTRY NEWS

In this issue Tax and Business Briefs, Budget 2023 and Blockchain explained To read more on the subject, click here.  

To succeed in today's global marketplace and win sales against foreign competitors, Exports must offer their customers attractive sales terms... To read more on the subject, click here.  

Monetary policy was put on an exceptionally loose footing globally during 2020-2021 as central banks pulled out all the stops to try and ameliorate the most severe economic impacts of the COVID-19 pandemic. Economies, though, rebounded at a much quicker than anticipated pace last year, inflation picked up by far more than expected, while labour markets [...]

The past couple of years have been shrouded in uncertainty and volatility, largely do to epidemiological and political events, rather than economic fundamentals per se. To read more on the subject, click here.  

Optimism regarding the outlook for the global economy has increased in recent months. This is on the back of the relatively successful vaccine rollout programmes, economies proving better able to adapt to the restrictions that were in place earlier in the year than previously envisaged, and additional fiscal supports. This more upbeat perspective is evident in [...]

As we move closer to the mid-point of the year, we can look back on the period since 1st January with mixed emotions. On New Year’s night we were looking forward to a brand-new year with some optimism, and we all hoped that the year ahead could not be as difficult as the one just past. [...]

The hazards involved in economic forecasting have been highlighted in dramatic fashion over the past year. While reviewing the equivalent piece I wrote this time last year, two statements stand out, that remind me once again of the futility of economic forecasting. To read more on the subject, click here.  

In this article we aim to touch on a number of key pension areas for clients as they navigate their way through the current pandemic and evolving government and EU policy on pensions. We look at the rise in popularity of Self invested pensions in the current market, the importance of pensions funding as part of [...]

During these difficult times, to restart your business, the government has introduced a Restart Grant for micro and small businesses to help them with the costs associated with reopening and reemploying workers following Covid-19 closures. Your business could receive a minimum payment of €2,000 and up to a maximum payment of €10,000, depending to the rates [...]

The COVID-19 pandemic and the measures put in place to contain it have delivered an enormous shock to the world economy. Indeed, the IMF has said that this crisis is like no other due to the shock being so large and sudden, with a continued high degree of uncertainty about how long it will last. As [...]

As we move into 2020, the economic momentum being displayed by the Irish economy is still very positive. This is carrying over from 2019, which was on most metrics another year of solid progress for the economy. The unemployment rate fell to 4.8% of the labour force; employment reached the highest level in our history; the [...]

Irish Travellers visit Spain and Portugal in their droves at least two million last year alone. While we have long exported our tourism to Iberia, the same cannot always be said for Irish firms. Given the proximity of two Eurozone neighbours whose GDP is five times that of Ireland, with both offering gateways to growing domestic [...]

Sterling fell sharply to lows of 93p against the euro and $1.20 versus the dollar following the UK referendum vote to leave the EU in mid-2016. It then recovered some ground to largely trade in an 87-91p range against the euro between September 2017 and end 2018, as markets awaited clarity on what shape Brexit would [...]

With heavy focus often placed on foreign direct investment, it’s sometimes forgotten that family firms are the economic and social bedrock of Irish society, with in excess of 75 per cent of them contributing to more than 50 per cent of Ireland’s GDP, while employing 50 per cent of workers across the country. They are also [...]

Chartered Accountants Ireland has recognised one of its most distinguished members, Sir Desmond Lorimer, for his significant contribution to the profession and to public life in Northern Ireland. Sir Desmond Lorimer was invited to address the Institute’s Council members on the occasion of the 50th Anniversary of his Presidency of the Institute.  Sir Desmond is acknowledged [...]

The International Auditing and Assurance Standards Board (IAASB) seeks public comment by 1 July 2019 on three interrelated standards that address quality management. The proposals bring important changes to the way professional accountancy firms are expected to manage quality - for audits, reviews, and other assurance and related services engagements. The proposed standards include a new proactive [...]