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 advises businesses not to forget the pain of the financial crisis
History will look back on the financial crisis that began in 2008 as a major shock to the global economy. IMF managing director, Christine Lagarde, has talked about the "scars" it left behind. Just as when a sportsman or woman suffers a severe injury, it takes time for economies to rediscover their best form.
The past five years have seen a number of false dawns for the global economy; flashes in one region of a recovery taking hold, only to be dashed by trouble rearing its head elsewhere. In the immediate aftermath of the financial crisis, emerging economies raced ahead, but now advanced economies such as the UK and US are growing much faster than Brazil or Russia. At the recent IMF meet in Washington, Lagarde said the global economy had entered a period where the "new normal" was for growth of around 3%, which is low by historical standards.
However, businesses seem to be slowly adjusting to this. Global business optimism averaged 41% in 2014 according to our International Business Report, a six-year high. And when businesses are more certain about the economic outlook, they are more likely to take risks and to invest. Expectations for revenue and profit have both ticked up slowly over recent years.
But perhaps the most dramatic and welcome improvement is in employment indicators: more than a third of businesses expect to add jobs over the next 12 months (34%), up from around a quarter in 2012-13 (26%). Given that job creation tends to lag recoveries - as business leaders wait for sustainable growth before making long-term investments in people - this bodes well for future growth, not least because lower unemployment should push up consumption.
When businesses’ backs are against the wall, as they were during and immediately after the financial crisis, risk taking is harder. Taking on new people and increasing profitability are inevitably sacrificed as survival and maintaining market share take priority. Efficiencies are sought, costs are cut and, if done well, more streamlined organisations emerge. So this steady increase in employment and profitability expectations is clear evidence that as the economic recovery slowly but surely takes hold, businesses are seeing their instinct for growth return. They are investing and perhaps engage in calculated levels of risk they’d previously been afraid to consider.
This long-term improvement will be further justification to those who say that this time, the economic recovery really is back on track. Of course there is some uncertainty, not least in Europe, and the Federal Reserve will cause ripples, if not shockwaves, across global markets when it finally decides to increase interest rates.
But I remain optimistic about growth opportunities for dynamic businesses and expectations that profits and employment will rise are proof of that. Business leaders developing growth plans are doing so with ever-growing confidence but an awareness that fragilities in the global economy could remain in the months and years ahead. They must ensure that confidence does not overspill into complacency.
Even as the good times return, business leaders should be mindful of maintaining their productive, lean efficiency by remembering the injuries caused by financial crisis and looking back at the scars it left behind.