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.
The United States is riding a strong wave of business optimism, after nearly a decade of economic expansion. Unemployment has fallen below 4% for only the second time in half a century. Property prices are high and strong consumer sentiment is driving spending growth. Public infrastructure investment plans are supportive of further growth.
Tax cut provides boost
Given these conditions, it’s no surprise that net 61% of firms expect revenues to grow. A similar number (net 59%) see profitability rising. The tax cuts that came into effect this year are a major reason for this along with nearly US$300bn in extra spending approved by Congress in February. These fiscal developments are helping to drive a net 48% to plan for domestic expansion
Labour is a constraint
As a result, 91% expect wages to increase in the next year, the third highest level globally. Moreover, 30% expect above-inflation increases. In response, efforts to boost productivity are one of the main priorities, cited by 36%. It may also partly explain the high prioritisation of investment by mid-market firms in technology (net 63%).The expansion requires workers, with 52% of mid-market business leaders expecting to grow their workforces and only 7% seeing reductions. Although there is scope to draw more people into the labour force, conditions are tight. Availability of skilled workers is seen as the biggest constraint, mentioned by 30% of firms.
Concerns rise about a possible trade war
Only 7% of business leaders expressed concerns about economic uncertainty (down from 23% in Q4). However, the survey was largely conducted before worries about trade came to the fore. This included US tariffs on some metal imports (announced 1 March) and intensified fears of a trade war with China. In addition, NAFTA renegotiation talks have dragged on without agreement.
There are also domestic risks. These include a decrease in demand and potential recession as a result of higher interest rates, which are now expected to be hiked more rapidly by the US Federal Reserve. Meanwhile, legislative deadlock in Washington could also intensify after the November mid-term elections or as a result of the Mueller inquiry. This could have real economic consequences, particularly if it leads to a partial government shutdown.