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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.
Grant Thornton Partner Nicholas O’Dwyer discusses Directors’ legal requirements during these challenging times, explaining what Directors need to know about the restructuring process and what they should do next.
Economic outlook
Ireland has come a long way since the property crash of 2009. At the start of 2020 the economic growth forecast was 3.5% and unemployment was at an all-time low of approx. 5.2% – the country thought its most difficult times were behind it.
Nobody anticipated COVID-19, and Governments and the wider business community were not prepared for the economic impacts. Many countries may be heading for a very sudden and unique recession. An already challenging global economic outlook will see unprecedented disruption as the economic impact of the pandemic take hold. The current outlook is very different to that of January 2020.
- The International Monetary Fund has projected that the global economy will contract by 3% in 2020. In 2008 and 2009 the global economy contracted by approx. 1%.
- Irish GDP is projected to contract by nearly 8% in 2020.
- Irish unemployment in May 2020 was above 26% (COVID-19 adjusted monthly unemployment rate).
- The Exchequer recorded a deficit of €7.5 billion for the year-to-date May 2020, more than double the deficit of€3.2 billion recorded in the same period of last year.
- More than 50,900 businesses have signed up to the government’s Wage Subsidy Scheme.
- Over 22,000 payment breaks granted by the banks to SMEs.
- Sebastian Barnes, the chair of the Irish Fiscal Advisory Council, recently said that the State is facing the “most dramatic” recession in its history.
Taking all of this into consideration, how do Directors and senior management teams successfully navigate your businesses through this period of uncertainty. Not all businesses will survive and there are many that were already challenged at the start of the pandemic. We have outlined the pertinent points to consider in order to make decisions which are in the best economic interest of your business. Key to this is ensuring the continued support of stakeholders, whilst embracing the economic challenges faced.