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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.
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Consulting
Tailored consulting solutions that deliver measurable results through digital, regulatory and strategic transformation.
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We offer a dedicated team of experienced individuals with a focus on successfully executing transactions for corporates and financial institutions. We offer an…
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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…
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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…

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Article FRS 102 Periodic Review series: Small companiesExplore key changes to small company disclosures under FRS 102 Section 1A, including UK GAAP updates on leases, tax, going concern and related parties.
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Audit and Assurance FRS 102 Periodic Review series: Other changesOn 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.
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Audit and Assurance ID Verification: Economic Crime & Corporate Transparency Act 2023Companies 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.
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Audit and Assurance FRS 102 Periodic Review series: Accounting for leasesOn 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.
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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…
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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…
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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…
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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…
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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…
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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…


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While the situation was out of their control, it highlighted the importance of being proactive rather than reactive, and businesses had to learn and adapt the way they worked by making changes and being innovative.
Now, in a post-pandemic world, the same principle applies. Businesses are now facing new challenges, particularly increasing costs. To ensure the growth and survival of a business, they need to have clear insight into how these rising costs will affect their bottom line in real-time, which will enable them to develop strategies to deal with this.
Moving away from manually analysing data and transitioning into using technology will play a crucial part in this. By using cloud-based and other similar software, businesses can tailor their reporting to support their needs and help with future strategic growth and decision-making. This allows businesses to access real-time information, which, in turn, will reduce the time taken to complete the month-end routine and enable better cash flow management.
In addition to using software, businesses need to understand and utilise the correlation between the finance department and other business functions. The finance department has insight into all other areas within the business. Finance managers must communicate and work alongside other departments to fully understand and report on key data. This will help businesses plan for the future.
To create a successful plan for the future, smart businesses combine the monthly reporting and financial information provided by the finance department with other methods of analysis. With the ever-changing external factors facing companies, businesses must review their strategy and goals.
One such method for utilising data is strategic analysis. Strategic analysis is the process of looking at the environments in which a business operates, which includes both internal and external factors. Strategic analysis is very beneficial and can help to achieve a business’ growth and goals.
Strategic analysis allows businesses to look at their strengths and weaknesses and factor in external influences out of their control. This has the benefit of letting them identify items that add value and increase competitive advantage, which, with the current economic climate, may help combat those rising prices.
In short, companies should continuously review their business and financial strategies so that they can act quickly and adapt to factors outside of their control. They need a strong finance team who can work with other departments and can produce and explain financial information for businesses to react to and combat changing conditions both internally and externally.