SMEs and Trends in Accounting in Ireland Today

Ned Murphy, Moore Ireland Managing Partner

Moore Ireland is a leading Irish provider of accountancy and advisory services for smart, commercially ambitious enterprises seeking the highest standards in client service and expertise. The firm is ranked in the Top 10 accountancy practices in Ireland, employing over 140 staff, with offices in both Cork and Dublin. Specialising in servicing the SME sector, the firm is seeing ever-increasing complex requirements in this area as SMEs deal with challenges such as:

• The regulatory environment in which they operate

• Access to funds and the cost of funds

• General uncertainty due to geopolitical risks

• The well-known shortage in skills

Ned Murphy, Managing Partner, Moore Ireland, comments: “In this context we are seeing a strong demand for tax planning services in areas of succession, mergers and acquisitions, and general expansion.

“As SMEs face new demands, our service offering is increasing to meet these demands. We are now in a position to offer services in new areas which are becoming increasingly important. These include, for example, ESG, cyber security and gender reporting. This is in addition to all of the usual standard compliance requirements.

“Last year we partnered with our Moore firm in London, Moore Kingston Smith, and Waterland Private Equity and are pursuing a policy of expansion through the acquisition of accountancy practices in addition to our usual organic growth. We aim to be the number one choice of SMEs in Ireland and are already seeing the benefits of the partnership with Moore Kingston Smith.

“The environment in which we work is changing as a result of technological advancements, regulatory change and the service requirements demands from clients referred to above.”

Embracing these changes, Moore is poised to capitalise on the prospects presented by its expansion, heralding a new era of growth and innovation in the accounting sector.