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.
Robust economics and global climate change negotiations offers sector a moment to shine
The dramatic and sustained drop in the global oil price led to a certain amount of doom mongering around the cleantech sector. The fear, of course, was that cheaper fossil fuels would make clean energy investments less competitive.
However, clean energy investment – as tracked by the Bloomberg New Energy Finance – has held up well. There may be a slight dip over the next few months if the economic confidence reading of cleantech businesses given by our International Business Report (IBR) continues to act as a good predictor of future growth (see chart). But the industry remains buoyant overall.
Reasons to be cheerful
Cleantech businesses have every right to be optimistic. With momentum building towards a global climate change deal in Paris, hard economics are slowly overtaking green sentiment as the main reason to push the renewable argument. The +50% fall in the price of oil is significant, but the cost of producing solar and wind energy has fallen by similar amounts as the technology matures.
Added to that, most renewable sources of power have very low running costs, particularly set against fossil fuels and nuclear. As the set-up or ‘sunk’ costs decline, renewables are only going to become more competitive.
The increase of micro-generation in emerging markets is another reason to be cheerful. As with now ubiquitous mobile phones, consumers and businesses in many emerging economies are skipping inefficient fixed installation lines and grids in favour of greater control. Around 300m people in India alone live without access to electricity.
Historically, providing people with power has meant more carbon. But the quickest way to improve access to energy is so called ‘distributed energy’ for which renewable sources are particularly appropriate – think solar panels on houses or a village wind turbine. We should also not forget positive externalities in the form of reduced fossil fuel imports and job creation.
A global climate deal in sight?
There is also increasing optimism that some sort of global emissions deal will be reached in December at the UN Climate Change Conference. The US and the EU have made the most significant pledges (quite right too, retort emerging nations, as developed peers are responsible for most of the carbon in the atmosphere today).
With that said, the vast majority of countries are doing something, whether clamping down on coal-fired power stations, putting a price on carbon emissions, cutting fossil fuel subsidies or conserving forests. What everyone is looking at though, is how to ramp up renewable activity which offers the potential of increasing living standards without damaging the environment. Germany – which today gets 28% of its electricity from renewables, up from 6% at the beginning of the century – is the shining example for many here.
Those working in cleantech should enjoy their moment in the limelight while remembering that the hard work – moving global economic growth onto a low carbon trajectory – has never been more crucial.
Mike Read is head of energy & environment at Grant Thornton UK LLP