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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.
Is your business prepared for the changes to the Coronavirus Job Retention Scheme?
11 Aug 2020HMRC, which administers the scheme, confirmed that 211,700 people in Northern Ireland are enrolled by their employers on the coronavirus job-retention scheme (CJRS) and are being supported by the government.
The numbers for the whole United Kingdom as of the 30th June 2020 are approximately 9.4 million jobs from 1.14 million employers were furloughed as part of the Government’s CJRS. This is estimated to have cost the government £26.5 billion.
Changes from 1 August: The government will continue to pay 80% of wages up to a cap of £2,500 but employers will no longer include the Employer National Insurance and/or Employer pension contributions.
Changes from September: The government will pay 70% of wages up to a cap of £2187.50 for the hours the employee does not work – employers will pay employer national insurance, employer pension contributions and 10% of wages to make up 80% capped at £2500.
Changes from 1 October: The government will pay 60% of wages up to a cap of £1875 for the hours the employee does not work – employers will pay employer national insurance, employer pension contributions and 20% of wages to make up 80% of the total up to a cap of £2500.
Job Retention Bonus: The JRB will be a one-off payment of £1,000 to employers that have used the CJRS for each furloughed employee who remains continuously employed until 31 January 2021. The bonus is designed to provide additional support to retain employees.
To be eligible, employees will need to earn at least £520 per month on average for November, December, and January and have been furloughed at any point and claimed for under the Coronavirus Job Retention Scheme; and have been continuously employed up until at least 31 January 2021.
Employers will be able to claim the bonus from February 2021.
Unfortunately, despite the creation of the CJRS and the JRB and the welcome support this brings, there may be circumstances where an employer feels there are no suitable alternatives to redundancy. The usual duties and compliance around redundancy have not changed and the employment contract remains in force throughout the period of furlough; in particular, around holiday accrual.
It is critical for employers to align with these stages, review the latest Government guidance and to keep processes for staff under review.
