Positive Signals From KPMG’s Munster Clients

10 Aug 2017 | 08.28 am

Positive Signals From KPMG’s Munster Clients

Business confidence is strong, says tax partner Celine Fox

10 Aug 2017 | 08.28 am

Regulation, data and analytics, BEPS and cyber are some of the drivers behind KPMG’s double digit growth in Cork over the past year, according to tax partner Celine Fox.  “The flow of work has been positive from indigenous companies and our FDI client base looking at opportunities to grow their business,” she says.

“Business confidence is strong. Our clients are very aware of the underlying global uncertainties but a significant majority are seeing increased demand for their products and services.”

Fox (pictured) adds that in recent months SME clients have turned their attention to risk assessment of the potential fallout from Brexit. “We are working with a number of our clients via our ‘Brexit in the Boardroom’ series, which encourages business to self-assess their state of readiness,” says Fox. “The UK is a key market for many food producers and the potential Brexit impact on the food sector is very significant. Efforts are being made to diversify into other markets and manage risks, such as foreign exchange and supply chain.”

In order to cater for the evolving demand from clients, Fox says that KPMG continues to recruit experienced professionals for its Advisory and Tax Advisory teams. “This is in addition to our annual graduate recruitment programme. Recruitment is one of the most important things we do each year, as it is an investment in our future – hiring bright, ambitious, forward thinkers.”

Like her peers, Fox believes that state investment in improving access to the port in Ringaskiddy should be prioritised, including Dunkettle and M28. “From a regional perspective, the M20 Cork to Limerick motorway is critical to driving all of Munster forward as is envisaged within the National Planning Framework.”

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