The year 2024 brought significant global developments across politics, technology, climate, and culture, shaping the landscape of the accounting profession both in Ireland and globally. As we head into 2025, here are the key trends and their implications for employers and employees:

U.S. Elections and International Taxation

The recent U.S. presidential election may bring changes to corporate tax policies and trade agreements. For Ireland—home to the European headquarters of many U.S. multinationals—this could mean a reassessment of tax strategies by global firms.

  • For Employers: Companies will need to align with updates to international tax laws, including the OECD’s Global Minimum Tax Framework and U.S.-driven reforms. Employers should invest in training and advisory services to stay ahead.
  • For Employees: Accounting professionals will need to develop expertise in global tax compliance and advisory services to support businesses through these transitions.

ESG and Climate Accounting

The growing climate crisis and commitments from COP30 are driving stricter Environmental, Social, and Governance (ESG) reporting requirements. Irish businesses, especially in agriculture and technology, must now disclose more detailed climate-related impacts.

  • For Employers: Organisations will need accountants skilled in CSRD and Sustainability Accounting Standards to navigate new regulations and seize opportunities in Ireland’s expanding green investment space.
  • For Employees: Accountants can capitalise on this growing field by upskilling in ESG reporting and advisory services related to decarbonization strategies.

Digital Transformation in Accounting

Breakthroughs in AI and automation are reshaping how businesses operate, including the accounting profession.

  • For Employers: Automation can reduce costs by streamlining routine tasks such as data entry and reconciliation. Organisations should invest in AI-driven tools for predictive analytics and risk management while ensuring cybersecurity measures are robust.
  • For Employees: Professionals must upskill in data analytics, blockchain, and AI-based tools to remain competitive. A strong understanding of cybersecurity is also becoming essential in the age of digital finance.

Regulatory Changes in the EU

Post-European Parliament elections, Ireland—being deeply integrated with the EU—may experience regulatory shifts impacting financial reporting and taxation.

  • For Employers: Organisations should prepare for new compliance requirements, including corporate sustainability and digital taxation standards.
  • For Employees: Accountants will need to stay informed on EU regulations and develop expertise in areas like digital taxation and due diligence for large tech firms.

Managing Global Uncertainty

Ireland’s globalized economy makes it susceptible to risks such as geopolitical instability and currency volatility.

  • For Employers: Organisations will rely on accountants to mitigate risks and ensure compliance with evolving trade policies.
  • For Employees: Developing skills in risk management, financial forecasting, and geopolitical risk assessment will be critical for navigating these uncertainties.

Strengthening Ethical Standards

Global corporate scandals have heightened the demand for transparency and ethical governance in financial reporting.

  • For Employers: Organisations should reinforce internal policies to align with international anti-corruption standards and ethical best practices.
  • For Employees: Accountants must prioritize integrity and adherence to professional ethics, ensuring transparent and trustworthy reporting.

Opportunities in Hiring Trends for 2025

Recent trends in accounting and finance hiring patterns highlight both challenges and opportunities for employers and employees:

  • CRSD Expertise in Demand: There’s a growing need for professionals with expertise in CSRD and sustainability reporting. Employers should offer on-the-job training to bridge skill gaps. Employees can take advantage of this demand by quickly upskilling in this area.
  • Data Analytics as a Core Skill: Most accounting roles now require data analytics expertise. Employees should treat this as a “must-have” skill, while employers should provide tools and training to meet evolving demands.
  • Growth in Risk Management Roles: Advisory firms are experiencing increased demand from businesses seeking assistance with currency and supply chain volatility. Employees skilled in risk management are highly sought after.
  • Tax Professionals in Short Supply: A nationwide shortage of tax professionals is driving demand across Ireland, not just in Dublin. Employers should consider expanding talent pipelines, while employees can explore career growth in high-demand tax roles.
  • Opportunities Abroad: While many Irish accounting and tax professionals traditionally head to London, Australia, or Canada, cities like Frankfurt and Paris are also seeking talent. Employees should explore these European markets. English is most commonly the language being used in businesses across European cities.
  • Flexible Working: Flexibility continues to be a key draw for top talent. Remote and hybrid work options have become a standard, and work-life balance is a key consideration for accounting professionals. Employers who continue to adapt to these expectations will have a significant advantage in attracting and retaining talent.

For both employers and employees, the focus must remain on adaptability, upskilling, and a commitment to excellence to thrive in 2025 and beyond. 

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