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Our dedicated Aviation Advisory team bring best-in-class expertise across modelling, lease management, financial accounting and transaction execution as well as technical services completed by certified engineers.
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Our Consulting team guarantees quick turnarounds, lower partner-to-staff ratio than most and superior results delivered on a range of services.
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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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Deal Advisory
Our experienced Deal Advisory team has provided a range of transaction, valuation, deal advisory and restructuring services to clients for the past two decades.
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Forensic Accounting
Our Forensic and Investigation Services team have targeted solutions to solve difficult challenges - making the difference between finding the truth or being left in the dark.
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Financial Accounting and Advisory
Our FAAS team designs and implements creative solutions for organisations expanding into new markets or undertaking functional financial transformations.
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Grant Thornton is Ireland’s leading provider of insolvency and corporate recovery solutions.
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Risk Advisory
Our Risk Advisory team delivers innovative solutions and strategic insights for the Financial Services sector, addressing disruptive forces, regulatory changes, and emerging trends to enhance risk management and foster competitive advantage.
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Sustainability Advisory
Our Sustainability Advisory team works with clients to accelerate their sustainability journey through innovative and pragmatic solutions.
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Asset management Asset management of the futureIn today’s global asset management landscape, there is an almost constant onslaught of change and complexity. To combat such complex change, asset managers need a consolidated approach. Read our publication and find out more about what you can achieve by choosing to work with us.
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Internal Audit Maintaining Compliance with New EU Pension Directive IORP IIOn 28 April 2021, the Irish Government transposed IORP II (Institution for Occupational Retirement Provision), an EU directive on the activities and supervision of pension schemes, into law.
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Risk, Compliance and Professional Standards FRED 82 – Periodic Updates to FRS 100 – 105The concept of a new suite of standards for the UK and Ireland, aligning with international financial reporting standards, was first conceived in 2002
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Audit and Assurance Auditor transition: how to achieve a smooth changeoverAppointing new auditors may seem like a daunting task that will be disruptive to your business and a drain on the finance function. Nevertheless, there are a multitude of reasons to consider a change, including simply seeking a ‘fresh look’ at the business.
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Corporate Tax
Our Corporate Tax team is made up of more than 40 highly experienced senior partners and directors who work directly with a wide range of domestic and international clients; covering Corporation Tax, Company Secretarial, Employer Solutions, Global Mobility and Tax Incentives.
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Financial Services Tax
The Grant Thornton team is made up of experts who are fully up to date in terms of changing and evolving tax legislation. This is combined with industry expertise and an in-depth knowledge of the evolving financial services regulatory landscape.
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Indirect Tax Advisory & Compliance
Grant Thornton’s team of indirect tax specialists helps a range of clients across a variety of sectors including pharmaceuticals, financial services, construction and property and food to navigate these complexities.
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International Tax
We develop close relationships with clients in order to gain a deep understanding of their businesses to ensure they make the right operational decisions. The wrong decision on how a company sells into a new market or establishes a new subsidiary can have major tax implications.
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Private Client
Grant Thornton’s Private Client Services team can advise you on all areas of financial, pension, investment, succession and inheritance planning. We understand that each individual’s circumstances are different to the next and we tailor our services to suit your specific needs.
We have heard for quite a while now how financial institutions are charging “negative interest” on corporate deposits. It was interesting news at the time, but while it didn’t impact personally it was soon forgotten by many. Not now. It is only a matter of time before financial institutions will be charging people for holding personal deposits. In advance of this, what should you do?
1. Review your financial plan
Review your current wealth and how it is positioned to help you achieve your long term financial goals. Are your current deposit holdings in place to fulfil a short term need? Or are they sitting in an account you’ve been meaning to do something with for a while now?
2. Maintain your rainy day fund
If you are in the lucky position to have some savings accumulated, we would always advocate that you have some funds immediately available to you for any of life’s financial surprises. Rules of thumb suggest that you have at least a couple of month’s net income easily accessible. However, rules of thumb are different for everyone. It is important to understand your specific needs.
3. Understand risk
Most people are more than happy to keep their cash in deposit accounts, earning little or no interest in recent years. Over the last decade we have seen a significant reduction in interest rates, which may soon be negative on our personal funds. Gone are the days when we could leave our cash sitting in a deposit account, at a rate which was equal to or even greater than the inflation rate at the time.
Zero or negative rates can greatly impact the real value of your money, with long term inflation expected to increase the cost of everyday living year on year. For long term cash holdings, this will steadily reduce the purchasing power of your money and overall wealth. Would you invest your cash in an investment which was guaranteeing a loss in value every year?
It is not that long ago people were nervous to have their money in Irish banks. That fear has dissipated, thankfully, but institutional risk (the risk of the particular institution failing) always remains. Not only should we have our funds diversified across various assets, but also institutions.
4. Invest with purpose
Avoiding bank charges should not be your sole reason for investing. All investments should have a purpose; why and for how long do you wish to invest? Is it to fund a child’s education, the purchase of a new home, or gifting to future generations? All of these are justifiable reasons to invest, but they should not all follow the same investment strategy.
Having a purpose allows you to focus on what you are trying to achieve. If you invest with a long term objective in mind (e.g. funding third level education for your new-born), then it should be easier to ignore negative stories or headlines which are inevitable during any investment period.
5.Get advice that’s right for you
There is endless information available online or down the local pub (maybe not at this very moment!), but this is only information and should not be taken as advice. Every person is different, whether it be by wealth, personal needs or their general attitude to money. It is essential that you seek professional advice to give an objective view on your personal circumstances and how to best meet your financial needs.
Read our Eight Steps to Successful Investing by clicking here.