Chartered Accountants Ireland recently published a landmark position paper called “The Next Financial Year: Making Irish Business More Competitive”. It draws on problems encountered by members and member firms in handling the COVID-19 crisis and sets out proposals to create a better business environment to restore employment and the economies on the island of Ireland. You can read the press release and full press coverage of the paper on the Chartered Accountants Ireland website also.

The Next Financial Year: Making Irish Business More Competitive is a position paper with alternative approaches and proposals informed by extensive engagement with members. From members working at the coalface of economies both North and South, we know that businesses, particularly SMEs, are fighting hard to survive. We propose how the Government can help in the next financial year by simplifying processes and removing red tape, and by going fully digital. We also call for a range of targeted tax measures and supports for businesses in Ireland and Northern Ireland, as well as emphasising the importance of excellent corporate governance and professional ethics.