-
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.
-
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.
-
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.
-
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
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
Friday 1st March 2019 marked the start of Spring, in the meteorological calendar. In addition to any spring cleaning around the house, now is a good time to pay some attention to your tax affairs before this tax year ends on 5 April 2019.
The first thing to think about is whether you (and your spouse or civil partner) are maximising your available personal allowances and tax bands.
Outright gifts of income-producing assets are a potential consideration, as they could benefit you in future tax years. Furthermore, there are now a number of important ‘thresholds’ for income tax - at income of £45,000 (40% rate threshold), £50,000 (child benefit starts to be clawed back), £100,000 (personal allowances starts to be tapered away), and £150,000 (45% rate threshold).
There are also additional allowances for savings income (see www.gov.uk/apply-tax-free-interest-on-savings) and dividend income (see www.gov.uk/tax-on-dividends), which need to be considered.
The next thing to contemplate is whether or not you should invest in an Individual Savings Account (ISA). For many people, because of the additional savings allowances (highlighted above) an ISA has become less relevant. It is possible, however, for an adult to invest £20,000 in an ISA each year and any income and gains will be tax-free in the future. You can invest in a cash ISA and/or a stocks & shares ISA, depending upon your investment objectives. There are a number of different ISAs (including Junior ISAs for those under-18) and further information is provided at www.gov.uk/individual-savings-accounts.
A good tax-efficient and future planning exercise is to maximise your pension contributions. The maximum contribution in any tax year is £40,000 but any unused allowances in the previous three tax years can be carried forward into this tax year (2018/19), subject to various earnings requirements. This is a complex area and specialist advice is essential. In addition to considering the tax aspects, it is always good practice to regularly review how much you are saving towards your retirement.
A final aspect to consider is your inheritance tax (IHT) position, and whether your will is up to date and properly reflects your wishes. IHT is charged at 40% of the value of assets in the estate of a person at the date of death, including gifts in the previous seven years. There is a zero rate band of £325,000 per person, which amounts £650,000 per couple, which means only larger estates will be liable for IHT.
Sitting down with your accountant and /or financial advisor over the next few weeks could yield significant savings for this year and many springs to come in the future.
