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Grant Thornton offers solutions to the digital risk issues you are sure to face. Our skilled and experienced security team can helping by advising and consulting, giving you peace of mind, clear value for money and an enhanced ability to react to attacks.
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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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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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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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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 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.
It is evident as we walk through shopping centres and high streets across the country and see empty unit after empty unit that the post-pandemic era will be difficult for many business owners who continue to navigate their way through this period of uncertainty.
Planning for the post-pandemic era is more important than ever for any business owner or company director. The introduction of the words, “restructuring” or “insolvency” into a conversation can be scary, but for some businesses, the use of an insolvency tool can be the saving grace that could assist in their forward planning to ensure that they do have a future in the post-pandemic world. The key is timing and seeking advice early.
As the Government withdraws their support mechanisms (furlough scheme and HMRC deferrals), letters have started to come through the door requesting that Bounce Back, Coronavirus Business Interruption Loan Scheme (CBILS) and other loans be repaid. This is the time to take a step back, look at the big picture, and factor in all contingencies to your financial forecasts. If the future looks uncertain, either in relation to reduced turnover or rising costs, which have reduced or even removed profit margin, then it is important to seek advice.
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So, what can you do now if you are a business owner or company director who is worried about the financial future of your business? Firstly, communicate with your key stakeholders and ensure that you document all decisions taken (a memo is better than a bad memory). Secondly, start to look at the bigger picture, and forecast for each scenario - increased turnover, normal pre-pandemic turnover, and even reduced turnover. Ensure that you review your costs and in particular, any increases in raw materials costs and the effect that has on your profit margin. Finally, if in doubt, contact an Insolvency Practitioner or advisor at an early stage to discuss your options. If you can demonstrate that you sought professional advice before taking a certain course of action, it may assist business owners or company directors in avoiding criticism in the future.
The earlier the advice is sought, the more options are available and there are many tools at the disposal of an Insolvency Practitioner to ensure the business is on a secure financial footing going forward. However, if you are experiencing issues and they are not dealt with in a timely manner, the available options become limited. Time is therefore very much of the essence!