The consequences of poor financial management and failure to pay taxes can be disastrous for companies and individuals. Due to the importance of the sector, accountants and tax experts are expected to operate to very high standards.
Tax must be collected and in Ireland it is the Revenue Commissioners who ensure that taxation is paid. Working in any role for Revenue will require numeracy and a detailed knowledge of tax law. Many senior and specialist roles will demand accountancy skills.
Companies set up in Ireland have several obligations to the Companies Registration Office, including the filing of company accounts. They also have responsibilities to their board and their shareholders. Meeting these standards requires accountants, keeping track of your finances and ensuring that the company is operated in a responsible manner through advice and practice.