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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.
Are you managing your talent risk?
09 Apr 2019What is risk? And why does it matter to my organisation? These are some questions that you might find yourself asking as you tune in to the latest news broadcast about another corporate folding, or another PR disaster causing a brand’s share value to fall through the floor.
Like it or not, risk is a difficult topic to avoid. Especially in the current climate of economic issues, including the unending uncertainty around Brexit and the challenges around security of supply chain; disruption associated with technology, social media and data privacy; ongoing political instability, and ensuing market volatility.
Risk is an inherent part of growing your business and delivering organisational success today. Good risk management and governance, although possibly not the most exciting of topics, do help to keep the taps running and the lights on. But, what do I mean by that? I mean that by keeping a close eye on the current and future risks to your organisation, and knowing your organisation’s appetite and tolerance towards risk, you are already in a good position to manage these effectively. In doing so, you are protecting the interests of your organisation and its stakeholders, be they; your employees; shareholders; the board; or your sponsors, whilst looking after the bottom line.
Risk can be defined in various forms, such as what would commonly be referred to as financial risk, in terms of the opportunity for financial loss resulting from a course of action undertaken. For instance, who could forget the risk taking and the crash of 2008, which lead to greater regulation in the banking industry. Another risk we would commonly refer to is compliance risk, that is, key regulation in relation to, for example, new corporate tax requirements, or indeed compliance with data privacy regulation in the form of the likes of the General Data privacy Regulation (GDPR) which landed in 2018.
What is clear is that risk needs to be understood and managed effectively. But often, some key organisational risks are bumped to the bottom of the agenda. One such risk, which is of growing criticality, is that relating to talent risk. That is, the risk of your business faltering due to an absent succession plan, a constraint in your talent pipeline, or a lack of board effectiveness. That said, we are seeing this come to the fore with Brexit imminent, and with our clients in sectors such as manufacturing, agri-food and hospitality concerned with how they will meet production if their talent supply from the EU is restricted following Brexit.
Consequently, it is important for your organisation to consider some key questions; what does your talent supply chain look like? How do you manage your talent risk moving forward, and how do protect your organisation’s value over the long term?
For more information on how Grant Thornton can help please contact chris.mccavana@ie.gt.com