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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.
Innovate to thrive and survive
26 Nov 2019In the current climate of political uncertainty, changing market demands, skills shortage and a changing workforce, businesses of all sizes are seeking to maintain competitiveness, evolve and grow, whilst managing their day-to-day business demands.
‘Innovation’ has become the mantra for many, and while this is simply a process of focused change, putting creative ideas into effective use to improve products, services and business processes, many organisations fail to realise this opportunity. This is largely due to fear of failure, resistance to change, aversion to risk taking and a lack of support for creating a culture of innovation.
It is not as simple as asking employees to contribute more innovative ideas, creating an innovation strategy or deploying new systems. In order to embrace innovation, it is necessary to check your organisation’s ecosystem is ready. Moreover, you must be prepared that, as with any cultural change, it will not happen overnight.
Peter Drucker states, “If you want something new, you have to stop doing something old”. Whilst we cannot argue with that, it is easier said than done; particularly if you are a large, corporate that has a long history of adding new initiative after new initiative!
Therefore, how can you begin to build a culture of innovation and move away from the ‘that’s the way we always do it’ attitude? There are three key areas where organisations can focus to build their innovation culture:
Create a clear strategic rationale for innovation that employees will buy into. In order to do this it is important to understand where you are now and determine where you want to be in the future. Understanding your current areas of strength and weakness and getting a sense of staff appetite for innovation, can help you to focus on key areas and identify the potential enablers or blockers.
Lead by example. To foster and fuel innovation at individual and team level it needs to be visibly embraced and actioned by leadership. Leadership is responsible for creating and aligning teams around a culture that is open, collaborative and focused on continuous improvement. Appreciate that innovation will require new behaviours, skills and knowledge, so support your people by giving them the confidence, training and resources they need to embrace innovation at all levels.
Empower your people. Decision makers at the top are busy running the business, so they should expect the teams below to help drive innovation. Employees at all levels can see opportunities in their own areas that others will miss. Staff should be given permission and feel empowered to challenge the norm and the confidence to fail, learn and improve within clearly defined parameters.
In these uncertain times, taking a risk feels counterintuitive. However, to quote Bene Brown, “Vulnerability is the birthplace of innovation, creativity and change.” Instead of fearing our vulnerability, let’s get comfortable with failing fast, learning and improving, in order to innovate, thrive and ultimately survive.