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.
Transparency International’s Corruption Perceptions Index scores countries on the perceived level of public-sector corruption, with zero being highly corrupt and 100 being very clean. In 2014 the scores were as follows: India - 38; Brazil - 43.
Is this an accurate reflection of the reality on the ground?
Vidya Rajarao: The index reflects the perception of corruption and I think it’s an accurate perception if you link it to the ease of doing business in India. Whether you’re a small-business owner, a mid-sized company or a multinational, the complexity involved in starting a business in India is a real challenge and at every step of the way there are bureaucratic hurdles, and either demands made for payment or monies offered just to jump the queue.
Daniel Maranhão: For the past few years Brazil has seen some very large corruption scandals involving both public officials and the private sector but our corruption perception score has barely moved. I think this discrepancy between the reality and perception is primarily because Brazilians are used to it and believe that it has always been that way.
What impact do these instances of corruption have on economic growth?
VR: They create an added cost to doing business in India. There’s never a guarantee that a corrupt payment will result in the desired outcome so you could end up increasing costs tremendously without any benefit. That’s very acute in large government contracts. And these costs are not legitimate under local regulations so it leads to an entire parallel economy of shadow payments. A recent study by the OECD showed that India’s GDP would be significantly increased if all these corrupt payments were brought into the real economy.
DM: In Brazil, this is a very timely moment for us to be talking about corruption. The nation is in the middle of investigating its largest-ever corruption scandal involving the state-run oil firm (Petrobras) and several other companies. The investigation may bankrupt many companies and halt major infrastructure projects, leading to hundreds of lay-offs. The scandal has also led to reputational damage for the Brazilian economy and heightened the risk of doing business in the country.
How does this affect businesses that are trying to enter the market for the first time or that are already on the ground and trying to expand?
VR: Domestic companies that do not have any overseas operations would likely consider it as a normal cost of doing business. Indian companies that have overseas operations, typically in North America and Europe, are subject to the stringent regulations of these countries, as are foreign multinationals investing in India. Those companies cannot afford to be complacent because they would expose themselves to severe penalties running into billions of dollars, prison time and perhaps even losing customers. Companies might lose out on government contracts but they are just not interested because the risks outweigh the rewards.