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.
Clare Hartnell explores how demand, uncertainty and skills shortages are affecting real estate and construction
The real estate and construction sector continues to make steady progress as it recovers from a financial crisis in which investors, developers and homeowners were disproportionately hit. According to our Q1 International Business Report (IBR) figures, businesses in the sector are expecting revenues and profits to climb more or less in line with the global all-sector average. I reported in a previous post that the mood at MIPIM was as buoyant I as have seen it in recent years, and while I am optimistic for the outlook for the sector there are a couple of clouds on the horizon that business leaders should be mindful of.
The first is clearly the geopolitical uncertainty caused by the Ukraine crisis. Our IBR interviews were undertaken before the secession of Crimea but the sector is still struggling with a lack of demand according to the IBR – 38% cite a shortage of orders, compared to 30% in all sectors. Any escalation of the tension between Russia on one side, and the US and EU on the other, is likely to dampen business growth prospects, not just in Europe, but potentially across the globe. Interestingly, sector businesses in developed Asia Pacific (60%) are suffering far more from a lack of demand, compared with peers in Europe (38%) and North America (25%).
The second is that the global recovery, while certainly on firmer footing, is in no way assured. Europe grew by just 0.1% in 2013 and while growth is forecast to be much stronger this year, debt levels remain unsustainably high in many peripheral economies. And uncertainty persists in many developing economies which have seen their currencies plunge and inflationary pressures build as the US unwinds its huge quantitative easing programme. And while 10% fewer sector businesses cited economic uncertainty as a constraint on their potential expansion in Q1 compared with three months previously, it remains above the all-sector average, perhaps reflecting the spare capacity built up in many parts of the world in the years leading up to the financial crisis.
And finally, real estate and construction businesses remain concerned about getting people of the right calibre into their organisations: 39% of businesses in the sector globally report a lack of talent, compared to 28% of all businesses. This is a particular concern with unemployment still running above pre-crisis levels in much of the developed world. Indeed, in North America, where unemployment has been steadily falling, 41% of sector businesses say a lack of skilled labour is preventing them from growing their operations, rising to 49% in developed Asia Pacific economies. However the issue is not uniform: just 20% of peers in Europe, where unemployment is only just starting to come down from record highs, report skills shortages.
So how should businesses respond to these challenges? Dealing with geopolitical or economic uncertainty is, by its very nature, hard to deal with. But there are steps businesses can take, such as limiting exposure to countries where sanctions or an escalation in tensions are likely to have the biggest impact, and not skating over due diligence issues before making investments. The other thing that jumps out at me is international expansion: perhaps Asia Pacific and European companies suffering from a lack of demand, should look at opportunities in North America where demand for real estate and construction looks a lot healthier. Our results suggest that North America could do with the skilled labour.
Clare Hartnell is global leader for real estate & construction at Grant Thornton .