The Institute of Certified Public Accountants in Ireland has published the results of its CPA Business Barometer Survey, which measures the prevailing business climate as perceived by the accountancy profession.
The poll is conducted twice a year, with the last Business Barometer published in October 2006.
In the CPA Business Barometer published this month, just over 40% of CPA members surveyed have seen a worsening in the business climate in Ireland over the past 12 months, compared with 20% in the previous poll. Nearly half (49%) believe that this trend will continue into 2008.
A key concern to CPA members in relation to their business is the availability of skilled staff and the retention of current staff (39%). Linked to this is the concern over rising wage costs to Irish businesses (35%) and government regulation (30%).
However, it is not all doom and gloom, according to CPA Ireland. A third (33%) of CPA members surveyed believe that Ireland is a supportive place to do business now, a rise of 5% compared to the last Business Barometer six months ago.
Despite a perceived decline in the business climate in Ireland over the past 12 months, due to such factors as a rise in euro zone interest rates and a rebound in oil prices, the large majority (72%) of accounting professionals surveyed have seen their personal income rise compared to 2006.
81% of participants feel that they are either better off financially or are at the same level financially compared to 2006, indicative of the current high demand for qualified accountants.
Furthermore, over a quarter (25%) of participants believe that their personal assets have improved slightly, and over half (53%) believe that their personal assets have significantly improved in the past 12 months.
The full text of the CPA Business Barometer Survey can be found in the Tax News Resources section.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment