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.
Economic slowdown hampering business growth efforts
The Q3-2012 IBR results we released yesterday made pretty grim reading: Globally, business optimism dropped for the year ahead from net 23% in Q2 to net 8%, well below the 2010-12 average.
It is not hard to see why: the eurozone crisis is still rumbling on with even the IMF now admitting that austerity measures are choking growth prospects; the US economy remains paralysed ahead of the presidential elections and the looming ‘fiscal cliff’ which could wipe off 4.6% from GDP, enough to plunge the economy back into recession; and last Thursday, China posted growth of 7.4%, a seventh consecutive quarterly decline.
Taken together, China, the EU and the US account for 57% of global output. Slower growth in just one of these economies will have knock-on effects around the world. Slower growth in all three at the same time is a major headache for business leaders.
The key issue for businesses is risk. Lower confidence in the macroeconomic environment means business leaders delay decisions on investment and hiring. This in turn leads to slower growth, leading to lower confidence. A classic vicious cycle.
The IBR numbers bear this out. Despite sitting on huge reserves, 80% of businesses globally plan to maintain or even boost the level of cash they are holding. Meanwhile, expectations for increasing revenues, profits employment and investment in plant and machinery over the next 12 months all fell by at least 5% in Q3.
But the cycle can be broken and we have two suggestions as to how.
Firstly to governments, especially those in the developed world: The economic uncertainty is damaging business growth prospects. You have a huge responsibility to provide leadership, to work together, whether that be cross-border or cross-party, to overcome the debt problems and create the right environment to encourage business leaders to invest for the future.
And secondly to business leaders: Reason might tell you to stuff your cash under the mattress and wait for a sustained recovery. But listen to your instinct. Interest rates are low and talent is plentiful, this could be the perfect time to invest in your people and operations, helping you get ahead of the competition when the global economy is on a surer footing.
Paul Raleigh is global leader of growth at Grant Thornton.