Business consulting services
Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
Business process solutions
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
Business risk services
The relationship between a company and its auditor has changed. Organisations must understand and manage risk and seek an appropriate balance between risk and opportunities.
As organisations become increasingly dependent on digital technology, the opportunities for cyber criminals continue to grow.
Forensic and investigation services
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
Mergers and acquisitions
Globalisation and company growth ambitions are driving an increase in M&A activity worldwide. We work with entrepreneurial businesses in the mid-market to help them assess the true commercial potential of their planned acquisition and understand how the purchase might serve their longer- term strategic goals.
Recovery and reorganisation
Workable solutions to maximise your value and deliver sustainable recovery
Transactional advisory services
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
The International Financial Reporting Standards (IFRS) are a set of global accounting standards developed by the International Accounting Standards Board (IASB) for the preparation of public company financial statements. At Grant Thornton, our IFRS advisers can help you navigate the complexity of financial reporting from IFRS 1 to IFRS 17 and IAS 1 to IAS 41.
Audit quality monitoring
Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
Corporate and business tax
Our trusted teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
Direct international tax
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
Global mobility services
Through our global organisation of member firms, we support both companies and individuals, providing insightful solutions to minimise the tax burden for both parties.
Indirect international tax
Using our finely tuned local knowledge, teams from our global organisation of member firms help you understand and comply with often complex and time-consuming regulations.
Innovation and investment incentives
Dynamic businesses must continually innovate to maintain competitiveness, evolve and grow. Valuable tax reliefs are available to support innovative activities, irrespective of your tax profile.
Private client services
Our solutions include dealing with emigration and tax mitigation on the income and capital growth of overseas assets.
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public
Tax policies are constantly evolving and there are a number of complex changes on the horizon that could significantly affect your business.
Outsourcing Changes to the Outsourcing legislation, specifically when offshoringSignificant changes to the dynamic of the financial services sector in recent years have shifted the paradigms in how we work. The increased digitisation of the workforce, changes in business models, globalisation, and remote working capabilities have led to a new approach to the delivery of services.
Asset management Inflation and tax planningThe recent onset of rapid inflation is an unwelcome development that is having a widespread impact on US businesses and tax planning.
As the COVID-19 pandemic has spread, governments have been responding and in many cases, enacting unprecedented economic stimulus bills to provide financial support to affected individuals and employers. Below, we have summarised key developments adopted in response to the coronavirus pandemic that impact individuals and employers in Japan.
COVID-19 Special Provision for Employment Adjustment Subsidy
The Employment Adjustment Subsidy is a monetary relief fund to help businesses who have been forced to reduce operations due to economic causes, and in turn pay statutory leave allowances and wages where employees are placed on temporary leave, occupational training or assignments with the objective of maintaining employment.
For the purposes of the fund, the authorities outlined what will be considered as economic causes, with examples provided below;
- Reduction of business operations in response to reduced orders from COVID-19 affected customers, clients or suppliers.
- Reduction of business operations due to voluntary business closure in response to government request.
- Customer decline due to public restraints in response to government request.
- Customer decline due to continuous cancellation of reservations from tourists as a result of reputational damage.
- Reduction of business operations due to voluntary business closure in response to COVID-19 infected employees.
For impacted employers, the funding support is outlined below.
|Subsidy details and amounts||Rate subsidised
(small and mid-size company)
|Applicable period||First day of leave, occupational training or secondment to begin BEFORE 23 July 2020|
|Maximum daily amount JPY 8,330||2/3 (3/4 if employment is maintained)||4/5 (9/10 if employment is maintained)|
|Addition for occupational training||JPY1,200/employee per day|
|Maximum payment days||100 days/year + Eligible Period|
|References on Special Provisions for Employment Adjustment Subsidy (Japanese only)
COVID-19 School closure subsidy
As schools have closed mandatorily across Japan, additional relief is provided to support employees who have taken leave in order to care for their children.
Employers granting paid leave between 27 February 2020 to 31 March 2020 to employees caring for the following child/children as a guardian:
|Subsidy details||Wages paid to employees granted paid leave x 10/10
Maximum daily amount: JPY8,330/employee
|Application window||Between 18 March 2020 to 30 June 2020|
|※ Reference (Japanese only)
The role of human capital professionals
Human resources leaders play a critical role in ensuring businesses execute their global growth strategy. COVID-19 outbreak presents a range of unique and complex challenges to businesses – sustaining business operations while ensuring the safety and wellbeing of employees. While further measures are announced, employers can review their eligibility and the financial impact it has to support business continuity. With proactive engagement with the business, human capital professionals can help navigate uncertain paths ahead – understanding complexities, identifying risks, managing costs, enabling employees to continue working and ensuring business continues.
For further details, please contact Shinobu Mitani or Tosh Kamii, Grant Thornton Japan.
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