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Business consulting services
Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
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Business process solutions
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
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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.
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Cybersecurity
As organisations become increasingly dependent on digital technology, the opportunities for cyber criminals continue to grow.
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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.
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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.
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Recovery and reorganisation
Workable solutions to maximise your value and deliver sustainable recovery
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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.
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Valuations
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
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IFRS
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.
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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.
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Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
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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.
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Direct international tax
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
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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.
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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.
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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.
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Private client services
Our solutions include dealing with emigration and tax mitigation on the income and capital growth of overseas assets.
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Transfer pricing
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
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Tax policy
Tax policies are constantly evolving and there are a number of complex changes on the horizon that could significantly affect your business.
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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.
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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.
Grant Thornton’s latest International Business Report (IBR) survey finds an improving global economic picture at the end of Q1 2017. First, it identifies significant increases in business optimism in key economies. And it suggests that the long-awaited economic recovery is finally taking hold after a prolonged period of low interest rates, stimulus measures by central banks and cheap oil.
Positive signals from the US Federal Reserve and promises of tax reform and large infrastructure projects from the pro-business Trump administration form the catalyst that’s igniting business confidence. US optimism surged in the first quarter of 2017, rising by 26 percentage points (pp) on Q4 2016 to 80%. This increase is coupled with an 8pp increase in expectations for investment in plant and machinery.
This surge in optimism isn’t limited to the US. In the Eurozone, optimism is up 6pp to 43%, despite inflation in the bloc falling back under 2%. National rates vary, but improved expectations for employment and exports are widespread across the continent. For example, in February German unemployment reached its lowest levels since unification in 1990, and export expectations increased by 13pp in the first quarter.
However, the economic recovery is patchy and threats to its sustainability are looming.
Forthcoming elections in France and Germany bring uncertainty around the future direction of national and regional politics. A move to the right could lead to protectionist trade policies. These in turn might undermine the recent growth in exports and employment that are driving improved consumer confidence. The EU is also beginning to grapple with Brexit, which has the potential to disrupt established trade flows.
In the US, despite the surge in overall business optimism, revenue, profitability and selling-price expectations all fell during Q1 2017. This trend is also seen in the Markit US Manufacturing Purchasing Managers’ Index (PMI), which tracks new orders, employment and prices. Its steady fall since January 2017 suggests that business leaders are somewhat cautious despite the optimistic headlines. This reflects their awareness that tax reforms and large infrastructure projects could be difficult to get through a partisan congress.
Furthermore, the current geopolitical environment poses a threat existing and potential free trade agreements and traditional bilateral trade flows. Increasing protectionism could trigger trade wars and threaten the sustainability of the economic recovery.
For further information please contact:
Andrew Brosnan, insight and thought leadership manager, Grant Thornton.