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high volume of Irish residents going north for dentistry, groceries, cars, business equipment, building materials etc
Obviously some do, or some N.I firms would not bother the complications ( currency / different tax jurisdiction etc ) of touting for business in "rip off Republic". Many Northern accountants have no experience or expertise in the tax regulations etc of the Irish Republic, any more than you may have of France , for example, so it may be unrealistic to expect people to shop in different jurisdictions for their accountancy services. Besides, as another poster correctly wrote :"If you call NI or GB accountants to quote for Irish accounts, then surely they too will charge Irish prices? (rubbing their hands in glee)but no such traffic northwards for accountancy fees
Yes, only sometimes double. Just like dental fees, or car prices, the accountancy fees we pay in the Republic of Ireland are higher than the UK in general...I think everyone who has UK contacts knows that.Only sometimes?
The difference is that there is a high volume of Irish residents going north for dentistry, groceries, cars, business equipment, building materials etc but no such traffic northwards for accountancy fees - despite the fact that many NI firms (such as the 5 listed above, which I found on a simple google search) have specific expertise and competence in preparing Irish accounts and tax returns, and market themselves on that basis.
Don't take my word for it. Just ask Dan McLaughlin..."high volume indeed"....of the 3 or 4 million people in the republic, how much of their spending is "going north" for their "dentistry, groceries, cars, business equipment, building materials etc" . You are in the accountancy trade, you should know. What constitutes a "high volume" in your book ? 2% ? 5 % ? 20 % 80 % ?
Everything that could go wrong for the Irish economy has gone wrong, according to Bank of Ireland chief economist Dan McLaughlin, whose quarterly Economic Outlook is out today.
...
Dr McLaughlin says the credit crunch, high oil prices, the fall in the Irish stock market, slow economic activity, higher interest rates and weakness in the dollar and sterling have all taken their toll.
He says this has led to a sharp fall in business and consumer confidence. On top of these problems he says Irish retailers now have to cope with the fact that the Irish shopper spent 30% more abroad in the first three months of this year, while growth in the tourist spend here was only 2%.
This, he says, is partly down to the IKEA effect, or the leakage of spending to Northern Ireland for items such as clothing, furniture and food.
Again I would like to know what basis you have for this statement. ICAI members in NI for example are subject to the same regulation and receive the same training as their counterparts in the South.Many Northern accountants have no experience or expertise in the tax regulations etc of the Irish Republic, any more than you may have of France
Besides, as another poster correctly wrote :"If you call NI or GB accountants to quote for Irish accounts, then surely they too will charge Irish prices? (rubbing their hands in glee)
A better experiment might be to get them to quote for NI or GB accounts."
...but some of the criticism is a bit OTT.
I actually was chatting to a few friends from England and America recently, and the fees they pay to dentists, accountants etc are much less than we pay in " rip off Ireland", as Eddie Hobbs calls it. Of course there are those who charge high fees in New York and London, but the average overheads in a small town in Ireland - never mind the level of expertise or experience probably - are not like in the centre of Manhatten or London.
Well then, if you concede that NI or UK firms are prepared to charge excessive prices to their ROI-based clients, that undermines your argument that Irish firms are to blame for what you perceive to be the high charges here?
Well I know one Northern Ireland firm who win major public sector contracts down here everytime they come up for tender.
Having said that it doesn't prove that accountants down here are too expensive. The cost of doing business in Ireland in general is higher than the UK so why are people just picking on accountants.
There are numerous accountants on this forum who would have you believe accountancy fees ( to businesses ) are the same in this expensive country as in other lower cost jurisdictions.
yawn !
, remind me when I said that.
Indeed, which you dismissed by saying that your argument was nothing to do with NI but with the UK as a whole. In fact you said "I do not know much about accountancy firms in N. Ireland or what they charge."In your post of 3183 for example you wrote " But it simply is not credible that accountancy fees in NI are higher than in GB. And I have pointed out clearly the basis for my view that accountancy fees in ROI do not differ from accountancy fees in NI "
Well you cannot have it both ways. Make up your mind. Either you believe "accountancy fees ( to businesses ) are the same in this expensive country as in other lower cost jurisdictions." or not. Which is it now ? Do you think accountancy fees ( to businesses ) are the same in Rep. of Ireland ( in general ) as in UK ( in general ) , or higher, or lower ? Can you not , as a member of the accountancy business, answer a simple question ?Indeed
Indeed, which you dismissed by saying that your argument was nothing to do with NI but with the UK as a whole. In fact you said "I do not know much about accountancy firms in N. Ireland or what they charge."At this stage, I'm starting to yawn myself
If you think that's bad; we in the West spend as much on food in one day as the poor of the developing world spend in a month. If that's not a rip-off then I don't know that is!Not wanting to stir it up. But I was a sole trader in the UK (London) and my accountant charged £190 every year. I returned to Ireland and the fee from my Irish accountant was over €500.
I do and have always done my own VAT returns.
Not wanting to stir it up. But I was a sole trader in the UK (London) and my accountant charged £190 every year. I returned to Ireland and the fee from my Irish accountant was over €500.
I do and have always done my own VAT returns.
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