Brought to account: The expansion of do-it-yourself software has limited industry growth

The Accountancies and Tax Consultants industry is comprised of three service segments. Firstly, the industry offers accounting and auditing services, which include the preparation of financial accounts, the generation of financial statements and the process of externally reviewing a company's financial statements in order to guarantee their accuracy. Secondly, tax consultants prepare personal and business income tax returns, offer tax advisory services and non-legal representation before tax authorities. Finally, the industry offers bookkeeping services, who record commercial transactions on behalf of companies and other organisations. The industry is expected to grow at a compound annual rate of 1.4% over the five years through 2018 to reach €3 more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Rising business numbers have supported an increase in industry revenue over the past five years
  • Consistent increases in the number of businesses in Ireland has led to an expansion in demand
  • Limits on the scope of non-audit services that may be provided to an audit client are expected to boost competition
  • Industry Report - Industry Key Buyers Chapter

    The Accountancies and Tax Consultants industry has a low level of concentration. The four largest firms in the industry are the Big Four, which are dominant in providing audit and tax advisory services, and have been growing faster than the wider industry, and the wider economy. PricewaterhouseCoopers, Deloitte, Ernst and Young and KPMG are expected to account for 27.5% of industry revenue in the current year. Apart from the Big Four firms, there is a high level of fragmentation in the industry, as there are a large number of smaller accountancies and bookkeeping firms that provide services to the small- and medium-size enterprises in Ireland. The majority of the smaller accountancies and bookkeepers operate with a few employees and only provide services in a certain geographic area. Alt...purchase to read more.

    Additional Insights for the Accountancies and Tax Consultants Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Accountancies and Tax Consultants Industry are

  • Having a loyal customer base
  • Ability to compete on tender
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Number of businesses and ISEQ Index in the Accountancies and Tax Consultants industry impact industry performance..

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    What's in this report

    What is the Accountancies and Tax Consultants in Ireland Industry?

    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.

    Industry Products
  • Audit services
  • Tax services
  • Financial and management accounting
  • Other services
  • Industry Activities
  • Preparation of financial accounts
  • Examination and certification of financial accounts
  • Providing personal and business income tax returns
  • Offering taxation advisory services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of businesses
  • ISEQ Index
  • IT and telecommunications adoption
  • National unemployment rate

  • Current Performance
    Technological advancementBusiness boomPeople power
  • Chart: Revenue Growth

  • Industry Outlook
    Limiting revenueLabour and profit
  • Table: Accountancies and Tax Consultants Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Accountancies and Tax Consultants Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Banks in Ireland
  • Insurance in Ireland
  • Legal Activities in Ireland

  • Key Selling Industries
  • Software Development in Ireland
  • Third-Level Education in Ireland

  • Products & Services
  • Audit services
  • Tax services
  • Financial and management accounting
  • Other services
  • Chart: Accountancies and Tax Consultants Industry Products and Services Segmentation

  • Demand Determinants
  • Technology changes
  • Economic conditions

  • Major Markets
  • Financial services sector
  • Industrial sector
  • Retail and consumer business sector
  • Technology sector
  • Other industries
  • Government institutions
  • Chart: Major Market Segmentation for the Accountancies and Tax Consultants Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Accountancies and Tax Consultants

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Accountancies and Tax Consultants Industry

  • Industry Globalization
    Ernst and Young Services (Ireland) Ltd, KPMG Unlimited Company, PricewaterhouseCoopers Ireland Unlimited Company, Deloitte Unlimited Company,
  • Table: Ernst and Young Services (Ireland) Ltd - financial performance
  • Table: KPMG Unlimited Company - financial performance
  • Table: PricewaterhouseCoopers Ireland Unlimited Company - financial performance
  • Table: Deloitte Unlimited Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Accountancies and Tax Consultants Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Accountancies and Tax Consultants Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • Reviewing a company's financial operations to ensure regulatory compliance.
  • Management Accounting
  • The preparation of financial reports and information for use by an organisation's management.
  • Tax Return
  • A document that must be filed with HM Revenue & Customs declaring liability for taxation.
  • The Big Four
  • The major firms in the industry: PricewaterhouseCoopers, Deloitte, KPMG and Ernst & Young.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Accountancies and Tax Consultants in Ireland market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
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    This report on Accountancies and Tax Consultants in Ireland:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Accountancies and Tax Consultants in Ireland market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Accountancies and Tax Consultants in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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