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.
The ability and readiness of your tax function to play a more central and upfront role in advising on business strategy and guiding operational implementation will be vital in helping to steer through the disruption that’s also transforming day-to-day roles within tax.
New technology can free up tax professionals to take on a strategically influential role and generate the analytical insights and real-time information to support this. So how can your tax function take advantage of the changes ahead? This latest article investigates the implications of automation and the actions your business can take to keep up.
Disruption and digital transformation
Disruption is always unsettling, but ignoring it is the worst option. Tax could be one of the professions that’s most affected by impact of digital transformation.
Yet, tax functions are accustomed to disruption, not least as legislation is always changing. While automation and Artificial Intellegence (AI) are set to provide a fresh source of upheaval, tax professionals could end up moving to the centre of the strategic stage and being more valued and influential within the business. So how can your tax function take advantage of the changes ahead?
Machine learning and cognitive computing
Routine tax compliance is becoming increasingly digitised and automated. This can not only reduce costs, speed up turnaround and allow for 24-hour operation, but also lead to greater standardisation and fewer errors. What does this mean for today's tax function?
Investment in automation and AI
Tax authorities expect a greater amount of information in more detail, within less time and in some cases, even real-time. This puts intense pressure on tax function systems, processes and accuracy checks.
A tax function that still relies primarily on manual and lowtech capabilities, or one that allows these new requirements to create a cottage industry of their own, will struggle to keep up. Indeed, investment in automation and AI may be the only feasible way to respond with the speed and accuracy required.
Rethinking the role of the tax professional
Tax professionals have always been the custodians of knowledge about an exceptionally complex field. However, the availability of a lot of this information on the internet and within social forums is combining with the emergence of AI, machine learning and new business models such as the sharing economy to change the nature and role of the tax profession. Rather than looking at these new sources of knowledge and decision support as a distraction or a threat, how can you make the most effective use of them?
The emerging tax ecosystem
What’s already clear is that a new tax ecosystem is emerging. What’s expected from tax teams and their relationships with the business and tax authorities are going to be very different from what we know today. Automation and AI are key drivers, catalysts and enablers of change.
To seize this opportunity it’s important to be tuned in to the possibilities of change. You can then begin to reshape the talent, operational capabilities and underlying mission needed to take advantage of these developments. Success will belong to those that embrace the human element (that is not subject to digital disruption) and make effective use of automated solutions and AI.
The emergence of AI and machine learning and new paradigms such as the sharing economy will continue to have a significant and lasting impact on the tax profession. How you address them will be key. Download the full article for more insight [ 152 kb ]. If you would like to discuss any of the areas raised, please contact your local Grant Thornton advisor or one of the contacts listed.