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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.
Paying for Christmas
12 Jan 2016January is a long month for most people, both in terms of the dark nights and also financially. For anyone paid monthly, your December salary arrives (and is usually spent) before Christmas Day - then you have to wait six weeks before January’s salary is paid.
The Chistmas rush
Given the hype that now surrounds Black Friday, Cyber Monday, pre-Christmas sales and then the traditional Boxing Day queues, there is always a temptation to over-spend at Christmas. This can be on buying the latest ‘must have’ presents or just generally coping with the entertaining and socialising. It is an expensive time of year.
The New Year is a time for reflection, so anyone who has added their Christmas spending to a long list of credit card debts or taken out expensive short-term finance, may need to assess their financial position.
The latest insolvency statistics for Northern Ireland for Q3 2015, which relate to the period July, August and September, show that there were 199 bankruptcies in the quarter, which is down 34.3% on the same period last year and the lowest number since Q3 2009. There has been a steady decline in the number of bankruptcies since 2009, the height of the recession.
Therefore it may be safe to assume that as the economy is improving and oil and commodity prices are falling, there has been an increase in everyone’s disposable income. With the prospect of rising wages and interest rates remaining low for the foreseeable future, it would appear that the bankruptcy option is no longer as popular as before.
Bankruptcy laws
It is in this context that there have been recent developments in the Republic of Ireland regarding their bankruptcy laws. In 2013 the period of bankruptcy was reduced from 12 years to three years, with a current proposal to reduce this to one year. Mirroring that of Northern Ireland, this would remove ‘Bankruptcy Tourism’ for good.
However, it is felt that the change is also required as there are still a large number of individuals in the Republic of Ireland whose personal finances are in disarray. For anyone who has the burden of debts which they are unable to repay, bankruptcy can be the right option and one which allows them to move on with their lives in a very positive way.
Therefore, as people review their finances at the start of a New Year, this may be the opportunity to seek professional advice and deal with the debt burden you have been carrying for a number of years. Bankruptcy should not be entered into lightly and is only the right option in certain circumstances – but, unless you obtain the correct professional advice, you will never know.