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 impact of the coronavirus pandemic on the business landscape has been profound, and in many instances has had greater consequences for women. An enforced shift to remote working has made some office-based jobs more flexible, removing commutes and allowing staff to set their own hours. While some of these factors have had a positive effect on the working lives of women, others have undoubtedly been a hindrance to both everyday tasks and their options for career progression.
Many employees now experience the challenges of having to juggle work and home responsibilities, set up shop in less than ideal environments, and being cut off from day-to-day interaction with colleagues.
Challenges in the workplace
In the wider job market, women have been more greatly affected by redundancies and furloughing. The Pew Research Center reports that in the US between February and May 2020, 11.5 million women lost their jobs compared with 9 million men. Meanwhile, in the UK, an Institute for Fiscal Studies survey shows that mothers were 23% more likely than fathers to become unemployed during the pandemic.
In addition to these issues, women have shouldered more of the caring responsibilities during lockdown. Combined research by the Universities of Oxford, Cambridge and Zurich found that in the UK, the US and Germany, women across all income brackets did more childcare and home schooling than men during lockdowns. In light of this, it is unsurprising that 45% of respondents to Grant Thornton’s Women in Business research expect that, overall, COVID-19 will have a negative effect on women’s career trajectories in the immediate term.
Has the D&I focus blurred?
To combat these market shifts, a greater focus on retaining women in the workplace is needed. But after the increased drive towards diversity and inclusion (D&I) from businesses in recent years, for some COVID-19 has put on the brakes. McKinsey & Company’s 2020 Women in the Workplace report suggests the professional advancement of women may have been set back five years, with more than 2 million considering quitting the workforce in the US alone, leaving fewer women in senior leadership, and fewer in the pipeline to become future leaders.
With this diversity drought looming, D&I must be reprioritised. “Sometimes in a crisis, people drop the things that are difficult – their marketing spend and learning commitments, and their D&I policies – in favour of operational efficiency,” says , global leader – network capabilities for Grant Thornton International. “But if you remove your ability to set your workforce up for the future, that has an implication, and that can set you back when the market does pick up. Businesses that have taken their foot off the pedal will regret it in future years.”
Businesses are recognising the dangers of losing focus, and also the need for diverse leadership to help them survive the crisis. “There was a short-term danger – but now that inclusivity is back on the agenda, I don’t believe women’s careers have to be set back that far,” says Caroline Whaley, co-founder of Shine For Women. “D&I work that was put on hold is now coming back with a vengeance.”
In Grant Thornton’s Women in Business research, 69% of respondents agreed, or strongly agreed, that new working practices driven by COVID-19 would benefit women’s long-term career trajectories. For further insights into the impact of the pandemic on women in senior management, download the full report here.