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.
China and US economies take steps towards more sustainable growth
This time last week I was interviewed by Bloomberg and CNBC to discuss a divergence in business optimism between China and the US revealed by our Q2 International Business Report (IBR). The results were surprising: Chinese business optimism is at an all-time low whilst their US peers are more optimistic than at any time since 2005.
So what’s happening in these two economies?
Well, the first thing to note is that China is still growing rapidly. The Economist Intelligence Unit expects its economy to expand by 7.5% in 2013 compared to 2.1% in the US. But IPO regulations are also being tightened and the new leadership is certainly ramping up efforts to rebalance the economy away from investment and towards consumption.
The news in June that China’s central bank had declined to offer liquidity to small lenders sent interbank lending rates rocketing and the stock market tumbling. Order has been restored but I expect slower growth to be tolerated in exchange for greater sustainability over coming years. News that exports fell by 3.1% year on year in June seems to back this up.
By contrast, the US Federal Reserve remains focused on expanding its balance sheet. Suggestions that it would start tapering its programme of quantitative easing if the economy kept improving sent emerging markets around the world into a spin. But Ben Bernanke has been keen to stress that tapering is not the same as tightening. Bond purchases will continue, but at a slower rate.
Either way, the US economy is certainly improving notwithstanding the downwards revision of Q1 growth to 1.8% at an annualised rate. The housing market is buoyant: More than a third of all homes bought in the US in May were not even under construction yet. That’s close to a seven-year high.
House sales lead to purchases of furniture, gardening and other services and higher house prices also boost consumer confidence. The automotive and technology sectors are also strong. The economy added 195,000 jobs in both May and June. And the Dow Jones has climbed by 15% over the past 12 months.
Of course, business growth prospects would be best served by a strengthening of both markets. The US is China’s leading export market, accounting for 17.2% of exports and the fourth largest source of its imports. A move towards stronger, more sustainable growth in both economies should be welcomed by business leaders.
is global CEO at Grant Thornton.