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Business Risk Services
Our Business Risk Services team deliver practical and pragmatic solutions that support clients in growing and protecting the inherent value of their businesses.
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Corporate Finance and Deal Advisory
We offer a dedicated team of experienced individuals with a focus on successfully executing transactions for corporates and financial institutions. We offer an integrated approach, with our corporate finance specialists working seamlessly with tax and other specialists to ensure that every angle is covered.
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Economic Advisory
Our all-island Economics Advisory team combines expertise in economics and business with a wealth of experience across the public and private sectors.
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Forensic Accounting
We have a different way of doing business by delivering real insight through a combination of technical rigour, commercial experience and intuitive judgment. We take pride in delivering responsive and tailored solutions to all our clients, capitalising on the wealth of experience housed within our Belfast and wider Forensics team
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People and Change Consulting
The Grant Thornton People & Change Consulting practice works with clients on these issues as well as on all aspects of how they attract, retain, engage develop, deploy and lead their people.
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Restructuring
We work with a wide variety of clients and stakeholders such as high street banks, private equity funds, directors, government agencies and creditors to implement solutions which provide the best possible outcomes.
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Technology Consulting
Motivating and assisting our clients to pursue, maintain and secure the benefits of digital solutions is at the core of our Digital Transformation teams' agenda and goals. We work with business leaders to deliver efficient digital strategies and operating models that provide new or enhanced capabilities.
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Corporate and International Tax
Northern Ireland businesses face further challenges as they operate in the only part of the UK that has a land border with a country offering a lower tax rate.
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Employer Solutions
Our team specialises in remuneration and incentive planning and works closely with employers, shareholders and employees to ensure that business strategies are aligned and goals achieved in the most tax efficient, cost-effective manner.
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Entrepreneur and Private Client Taxes
Our team of experienced advisors are on hand to guide you through any decision or transaction ranging from the establishment of new business ventures, to realising value on exit, to succession planning and providing for loved ones.
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Global Mobility Services
Grant Thornton Ireland offer a different approach to managing global mobility. We have brought together specialists from our tax, global payroll, people and change and financial accounting teams across Ireland and Northern Ireland, while drawing on the knowledge and insights of our global network of over 143 offices of mobility professionals to provide you with a holistic approach to managing global mobility.
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Outsourced Payroll
Our outsourced service provides valued service to over 150 separate PAYE schemes. These ranging from 1 to 1000 employees, working for micro, SME and global employers. The service is supported by the integrated network of tax and global mobility teams and the wider Grant Thornton network delivering a seamless service. Experienced staff deliver a personal service built around your business needs.
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Tax Disputes and Investigations
Our Tax Disputes and Investigation team is made up of tax experts and former HMRC investigators who have years of experience in dealing with a variety of tax investigations. Our expertise and insight can guide you through all interactions, keeping your cost at a minimum while allowing you to continue with the day to day running of your business.
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VAT and Indirect Taxes
At Grant Thornton (NI) LLP, our team helps Northern Ireland businesses manage their UK and global indirect tax risks which, as transactional taxes, can quickly become big liabilities.
2021 a new year, but same old challenges?
26 Jan 2021The end of 2020 gave us all great hope that 2021 will be a year where everything will return to some sort of normality. The announcement of the Oxford AstraZeneca and Pfizer vaccines and the ‘Brexit’ deal (in the form of the ‘Trade and Cooperation Agreement’) resulted in a much rosier outlook about the prospects for 2021.
Unfortunately, the upbeat sentiment hasn’t lasted, with lockdowns being reintroduced across the UK to curb the higher levels of Covid-19 infections, coupled with businesses having to adjust to the new self-certification rules and the introduction of border checks as of the 1st of January. There is a ‘back to square one’ feeling as the same old challenges of coronavirus and ‘Brexit’ regulatory uncertainty continue to present issues for business operations and their respective supply chains.
The reintroduction of lockdown reinforced the ‘work from home’ message and the closure of non-essential retail has led to a substantial drop in footfall throughout the region. Footfall for the week ending the 3rd of January was 22% lower compared to the same week in 2020. In addition, the introduction of border checks and the additional administration has slowed shipments to supermarkets, with some shops reporting a disruption in their supply chain for fresh produce. Similar issues have presented themselves in the delivery of goods, with delivery companies reporting they have had to postpone some deliveries into Northern Ireland or have informed customers of some delays as checks on goods are undertaken.
In response to these challenges the UK Government and Northern Ireland Executive outlined a range of actions to reduce the potential impact and disruption these will cause businesses. The UK Government in December extended the furlough scheme until the end of April 2021, while also pledging additional funding of £800m to the devolved regions to deal with coronavirus fallout on businesses and the NHS, with £200m of this being available to the Northern Ireland Executive.
While the new year probably hasn’t started off how we had hoped, there is still plenty to give us hope that 2021 will be better than 2020, both economically and societally, with the mass roll-out of the Covid vaccines underway. As for Brexit, it is hoped these new-year supply chain disruptions are more ‘teething’ problems than long-term issues, as businesses adjust to the new rules and regulations.
