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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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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.
At the beginning of a business’s life, or even during times of plain-sailing, it is often difficult to foresee any reason for a future dispute with stakeholders to arise. However, should a business find itself in a disputed position, it is important to know the options that are available.
Often when people think of resolving disputes they think of litigation and court hearings. This route is often very costly, timely and can often be widely publicised in the local press if heard in an open court.
There are a number of Alternative Dispute Resolution (ADR) methods that are increasing in popularity and overcome some of the inherit limitations associated with litigation. The two most common types are arbitration and mediation. In this article I focus on mediation as a method to resolve dispute given its increased popularity.
Mediation involves an independent third party, the mediator, who chairs joint and private discussions with all parties and assists parties in negotiating a settlement that is agreeable by all involved. It can be commenced at any time during a dispute however is particularly beneficial, from a cost perspective, if commenced before the initiation of discovery.
In 2016, £10.5 billion worth of commercial claims were mediated and it is estimated, through this process, businesses will save £2.8 billion in time and costs according to the Centre for Effective Dispute Resolution.
One of the main benefits arising from mediation is confidentiality, with only those involved in the mediation knowing the details of what was discussed and agreed. This is particularly beneficial when dealing with personnel disputes or commercially sensitive matters, maintaining the reputation and intellectual property of the company. In mediation parties can also agree a wider set of solutions that cannot be discussed in the courtroom as such allowing for more flexibility.
Costs in terms of outlay and time, are also significantly lower when proceeding with mediation rather than ligation.
It is also possible to maintain or re-establish a positive relationship between parties once matters have been resolved via mediation due to the final agreement being accepted by both parties.
As with any dispute resolution method there are also disadvantages associated with mediation, such as, reliance on both parties being in a similar mind-set and not already entrenched. It is possible that the mediator, although a trained professional, may not be an expert in the field in which matters are being discussed, and in mediation the parties do not have access to legal aid.
Adopting the right method to resolve a dispute specifically suited to the situation is key to achieving the best outcome. It is also important that regardless of what method is chosen, that you have the right advisors in your corner to help reach a resolution that is ultimately in your best interests.
