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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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Digital Risk
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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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 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.
In the event of a No Deal Brexit, we may expect to see increased volatility in financial markets with the Bank of England stress test modelling shows a significant fall in the sterling index in a no-deal scenario, albeit this is likely to strengthen if a deal is reached.
Debt finance may become more expensive. Lenders are already tightening credit and will revise credit risk. Interest rates may rise or fall depending on the perceived impact.
In the event of no deal, UK organisations will not have access to EU funding such as the European Regional Development Fund and Horizon 2020 or the Common Agricultural Policy (CAP). The UK government has given a guarantee to continue funding up to December 2020 any EU projects agreed before Brexit day.
Financial reporting obligations will also be impacted. The risks Brexit presents to a company must be clearly communicated in annual reports, keeping in mind that these disclosures should be ‘fair, balanced and understandable’. This is particularly important for valuations, modelling and scenario planning. These disclosures will be high on the Financial Reporting Council’s (FRC) watch list for the forthcoming reporting season and investors and other stakeholders will expect to see an assessment of the impact of Brexit and a clear plan for mitigation.
So what can businesses do now?
Companies should monitor future cash flows and ensure they have enough liquidity on their balance sheet by reviewing and optimising working capital performance, exploring alternative sources of finance and reviewing foreign currency exposure and hedging positions.
Business should review their existing lending covenants under various Brexit sensitivities. If there could be an issue then early communication with your funder is advised.
If they use European funding programmes, check the detailed government guidance for their particular programme and take action accordingly.
Explore potential deal prospects. The depreciation of the pound will make UK assets more attractive to overseas investors. The uncertainty will also provide opportunities for those willing to take a risk on Brexit. This means there will be opportunities for those wishing to enter or exit markets.