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.
Ed Nusbaum on the virtuous cycle of optimism, innovation and trade
I was interviewed last week on CNN to discuss the continued strength of global business optimism uncovered by our Q2 IBR economic update. The interviewer was particularly interested in the reasons behind business confidence around the world reaching a record high since we started asking this question in 2003. So let’s take a look at what the survey is telling us.
While confidence is fairly strong across the globe, it’s advanced economies that are leading the way. Business optimism in North America reached 73% in Q2, its highest level since 2004; the European Union posted 43%, its highest since 2006, and a further signal that the region is starting to move beyond the sovereign debt crisis. The UK (80%) and Germany (79%) are particularly bullish about growth prospects. Overall, the G7 group of leading economies posted business optimism of 53%, another all-time high.
Confidence in emerging markets is slightly more subdued: net 36% of BRIC economy businesses are optimistic about the outlook over the next 12 months. Businesses in China (30%) remain circumspect about the growth trajectory of the economy. However, there were some good news stories here too with India (86%) climbing to the top of the global optimism rankings following the election of Narendra Modi, and South Africa (35%) bouncing back following a raft of poor economic data and continuing strikes.
Looking at the drivers behind this surge in optimism, it appears business leaders are particularly confident about their ability to sell internationally. Globally, 24% of businesses expect to increase exports over the next 12 months, again the highest level on record. Global trade disappointed slightly in the first quarter of this year but business leaders are bullish on exports increasing going forward in most countries, including Australia, Canada, China, Germany, Italy, Spain, Greece, the UK and US, to name just a few. This is further evidence that mid-sized businesses around the world are becoming more global, increasing their operations outside their country borders and focusing on accessing new sources of demand.
The results also tell us that companies are planning to ramp up spending on research and development (R&D). Perhaps as they are trying to compete on a global scale, business leaders want to invest in R&D to make their companies competitive for the long-term, adapting their products and services to consumer tastes in new markets. While I recognise that many companies are still struggling and there are concerns about the availability of cash, higher R&D expenditures would be a positive development for the global economy overall. I am hoping to see higher optimism, more innovation and increased trade become a virtuous cycle.
is global CEO at Grant Thornton