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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.
The United States Internal Revenue Service (IRS) recently issued Notice 2019-24 and Rev. Proc. 2019-15 to provide guidance to US taxpayers living abroad, including some information relevant individuals still finalising their 2018 federal tax return.
US taxpayers working overseas remain subject to federal taxation on their worldwide income. One mechanism to mitigate federal taxation on overseas earnings is to claim the Foreign Earned Income Exclusion and Foreign Housing Exclusion on Form 2555 in an annual tax return.
Individuals with a tax home overseas and who qualify under either the bona fide resident test or physical presence test can exclude up to $103,900 of income from their federal taxable income.
Taxpayers who may otherwise qualify under these tests but have to leave a foreign country because of adverse circumstances, such as war and civil unrest, may have the time requirements waived. Revenue Procedure 2019-15 identified the Democratic Republic of Congo, Cuba, Iraq and Nicaragua, as countries where this time waiver applies for 2018 tax filings.
The 'Housing Exclusion', like the 'Foreign Earned Income Exclusion', is adjusted annually. Notice 2019-24 provides taxpayers with 2019 maximum exclusion amounts in addition to confirming the limitation amount.
US taxpayers working overseas should review whether the guidance impacts their 2018 and 2019 taxes and filings and plan accordingly.
Further updates and US tax hot-topics can be found at www.grantthornton.com or for more information contact one of the below.
Read more insights on tax changes affecting internationally mobile employees.
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