Our Business Risk Services team deliver practical and pragmatic solutions that support clients in growing and protecting the inherent value of their businesses.
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.
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
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.
Our audit services can strengthen your business and stakeholders' confidence. You'll receive professionally verified results and insights that help you grow.
Explore key changes to small company disclosures under FRS 102 Section 1A, including UK GAAP updates on leases, tax, going concern and related parties.
On 27 March 2024, the Financial Reporting Council issued amendments to FRS 100 – 105 (known as GAAP, or Generally Accepted Accounting Practice), a suite of accounting standards applicable in the UK and Ireland. These are used by an estimated 3.4 million businesses in preparing their financial statements.
Companies House is introducing mandatory identity verification requirements for Directors and People with Significant Control (PSCs), as the next step towards full implementation of the Economic Crime and Corporate Transparency Act 2023.
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.
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.
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.
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.
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.
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.
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.
Grant Thornton Ireland is rapidly approaching 3,000 people, in 9 offices across Ireland, Isle of Man, Gibraltar and Bermuda. With a presence in over 149...
Recent news headlines in some quarters have called into question the value of Diversity, Equity, and Inclusion (DE&I) strategies and policies.
Contents
DE&I as a strategic advantage
DE&I have long since evolved from being trendy buzzwords and are now recognised in most organisations as key drivers of innovation and creativity. DE&I is now a core business strategy, proven to lead to increased employee satisfaction and productivity, improved talent attraction and retention, better brand reputation, and enhanced financial performance to name a few.
Amongst the myriad of benefits are the concepts of creativity and innovation, two significant drivers of success for organisations. When looking at the impacts of diversity on innovation and creativity, what is it about DE&I that causes such profound positive effects?
DE&I has become increasingly valued and recognised across organisations, and society as a whole, reaping countless positives which promote long-term success. It is not just the right thing to do, but has also become a lever that creates strategic advantage.
In today’s world, organisations that have not fully embraced DE&I are subject to numerous negative implications with regards to both innovation and creativity, as well as potentially creating other business risks. Specifically, a lack of diverse voices in the room can hamper creativity and also hinder levels of innovation through a lack of diverse culture, experience, traditions and beliefs.
Diversity as a catalyst for creativity and innovation
Now, more than ever, DE&I helps to drive positive business impacts. When we look at Generation Z, they are the most educated and diverse generation in the current workforce, and they continue to demand diversity and inclusion within the places they work. They are demanding more from their leaders, with a recent Manpower survey finding that 56% of Gen Z surveyed would not accept a role without diverse leadership in the organisation they are joining.
Strengthening DE&I and attaining access to a wider pool of talent fosters innovation and creativity, through diversity of experience, views, and insights.
This isn’t just “wokeism” or pandering to the “snowflake” generation. Acknowledging the importance of cultural diversity in shaping creative expression is significant. The dynamic relationship between creativity and cultural diversity highlights how varied perspectives, customs, and experiences can spark innovation and lead to new perspectives and ideas. Similarly, diversity leads to enhanced innovation through access to a richer pool of ideas and perspectives.
Reducing groupthink and enhancing decision-making
As well as impacting on innovation and creativity, diversity also has an impact on mitigating the risk of “groupthink.” If we look at the decision-making process, for example, groupthink is a phenomenon whereby a group of (often senior leaders) tend to align their thinking and beliefs with each other, which can in turn create a risk of poor decision-making.
In order to alleviate this risk, diversity of thought is a significant mitigator. Where there are diverse groups, thoughts and views are more likely to be challenged, as people with different views, perspectives, and experience are involved in the decision-making process.
It is evident that the positive impacts of DE&I extend far beyond social responsibility, and it is a crucial strategy to create organisations which promote both innovation and creativity as key drivers of positive business impacts. By fostering diverse working environments, innovation and creativity is accelerated through diversity of opinions, views, insights, and experiences. Through embracing all the positives DE&I has to offer, we not only benefit our employees and organisations, but the larger community.
Subscribe to our mailing list
Update your subscriptions for Grant Thornton publications and events.
