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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.
A good leader encourages their team to experiment, learn and adapt. This is often easier said than done in practice, reflecting the culture of the organisation and the environment in which it operates. What is clear, is that staff do look to their leaders to understand what is expected of them and how they should be behave. The leaders are the role models.
In this context I often reference the term ‘leadership shadow’, which is the congruence between your words, your actions, what you measure and what you prioritise; and it impacts how people learn from you. It also influences the culture and behaviours in your teams e.g., if my leader expects me to report in on every detail, then I know that I need to do that to be effective in his or her eyes. If my leader trusts me to lead, or to represent the team well or to solve problems on my own, then I know that that behaviour is what I need to demonstrate.
If you trust your team to experiment, learn and adapt, you must be prepared to accept that there is a chance of failure – not all experiments succeed. In psychologically safe environments, people feel able to express themselves, to challenge the status quo, to speak up in front of colleagues. They feel safe to try, to fail, and to learn. If experimentation is essential in the changing times that we operate in, then psychological safety is imperative. So how do you go about creating and building it?
The first step is about setting the stage. Emphasise purpose, by identifying what’s at stake - why it matters and for whom. Frame the work by setting expectations about failure, uncertainty, and interdependence. Show how multiple perspectives are essential.
The second step is around inviting participation. Demonstrate humility by acknowledging that you don’t know everything. Practice enquiry by asking good questions and modelling intense listening. Set up structures and processes – create forums for getting input, and provide guidelines for discussion.
The third and final step is about responding productively. Express appreciation, listen, acknowledge, and say thank you. This seems almost simplistic and basic, but it’s amazing that in quite a few organisations this can be a bone of contention, impacting employee engagement scores and staff retention. The other key aspect of this step is destigmatising failure, by looking forward, avoiding a blame culture, offering help, and brainstorming next steps.
“Neuroscience shows that fear consumes physiologic resources… this impairs analytical thinking, creating insight and problem solving. This is why it is hard for people to do their best work when they are afraid.” – Amy Edmundson, The Fearless Foundation.
This was further supported by an analysis of team working at Google. They found that their most successful teams practised the concept of psychological safety and it was often the most important team dynamic underpinning success.
As a leader it’s important to reflect on the above and your expectation of behaviour in the team. Your words, actions, what you measure, and what you prioritise can have a significant impact on the success of the team. Is there enough safety to allow innovation in your organisation?