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Aviation Advisory
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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Consulting
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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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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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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Restructuring
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.
The People-Centric Approach to Change for Charities
Considering the speed of evolution in technologies today, how are Charities and Not for Profit organisations not of scale, going to transition and more so, afford these innovations? Jumping on the bandwagon of implementing artificial intelligence related products will only develop gaps between your people and your organisation. Change is a journey that requires both people and technology to travel together, so it is important that both are on the same road and not at the crossroads of separation.
Find out more here about the People-Centric Approach to Change for Charities
GDPR Considerations for Non-profit Organisations
The General Data Protection Regulation (GDPR) came into effect on 25th of May 2018. If your non-profit organisation has directors, employees, grantors, donors or a means of marketing, you are most definitely subject to the requirements of the GDPR. Compliance with GDPR is not only important in terms of respecting data subject’s rights, or to avoid fines up to €20 million or 4% of the organisation’s annual turnover, but also to maintain the trust of donors, stakeholders and those to whom you provide a service.
Find out more here about the GDPR Considerations for Non-profit Organisations
Upcoming tax deadlines
- 23 September 2019- Deadline to submit the July-August 2019 VAT return.
Disclosure of beneficial ownership of Irish companies
Under the 4th Anti-Money Laundering Directive (4AMLD) all EU Member States need to implement a central register to hold beneficial ownership information. In Ireland, the Companies Registration Office (CRO) has been appointed as the statutory body responsible for the establishment and maintenance of the newly-established Central Register of Beneficial Owners for Companies and Industrial and Provident Societies. A Beneficial Owner is defined in Article 3(6), 4AMLD, as any natural person(s) who ultimately owns or controls a legal entity, either through direct or indirect ownership of a sufficient percentage of the shares or voting rights or ownership interest in the entity, including through bearer shareholdings, or through control via other means. This system was due to go live on 22nd June 2019, with a five month period for all corporate entities to file their beneficial owners details. Once the company makes the filing, it will only need to file again if or when there is a change in the composition of the beneficial owner(s). As at the time of writing this article the go live date for the system has been postponed temporarily. All indications are that we should expect a new go live date before the end of the summer.
All companies will need to disclose the following information as part of their filing:
- Full name
- Date of birth
- Nationality
- Residential address
- PPS number/social security number/passport number (this will not be retained on the Register)
- A statement of the nature and extent of the interest held by the beneficial owner
Access to search the CRBO is expected to be available once the system goes live and any member of the public can carry out a search. The information a member of the public will see will be restricted and will not include the person’s full date of birth or address.
We would note that non for profit organisations are often incorporated entities in Ireland, the most common form being a company limited by guarantee (CLG). Even though a CLG may not have a share capital it is still required to access who its beneficial owners are make the required filing.
There are separate requirements for trusts which are not discussed as part of this article.