Insights

The introduction of Pillar Two brings unprecedented changes to the international tax landscape, the likes of which haven’t been seen for decades. The rules will create a fundamental shift in the way certain groups are taxed as well as an additional global compliance and reporting obligation for those within scope of the rules.

The world of work is evolving quickly; finance departments are increasingly facing competing priorities; and the roles of finance leaders are expanding rapidly.

According to the latest data from the International Business Report (IBR), Grant Thornton’s global survey of mid-market companies, business leaders are cautious about their future investment intentions.

Over the last few years of market shocks and geopolitical tensions, mid-market businesses have grown accustomed to bracing and planning for the unexpected.

The Temporary Business Energy Support Scheme (TBESS) is extended until the end of April 2023. The monthly limit on payments that can be made under the scheme is enhanced. These changes featured in the Government’s Cost of Living package of supports announced in February 2023.

Mid-market firms using international supply chains have faced significant disruption and headwinds as a consequence of the war in Ukraine, the long tail of COVID disruption and wider geo-political tensions. However, despite ongoing economic uncertainty, many international business leaders continue to see international trade, and particularly exports, as a key driver for growth. According to data from the IBR, Grant Thornton’s global survey of mid-market companies, 45% of mid-market firms expect to increase their volume of exports over the course of 2023. This represents a slight increase from the first half of 2022 (+1%) and continues the trend that expectations have been rebounding strongly from the lows of the pandemic.

At Grant Thornton, we understand that the key to a successful offering to the aviation sector is the ability to provide cross-functional specialist services through an integrated team. Our aviation team consists of experienced aviation professionals, from industry as well as practice, who can provide you with specialised and tailor-made services.

Money laundering is on the rise globally. Between 2016 and 2021, the yearly number of cases brought to the European Union Agency for Criminal Justice Cooperation doubled, bringing the total number of registered cases for that period to 3,000. In Ireland alone, the number of recorded money laundering crimes increased significantly from 86 in 2018 to 701 in 2021.

Creating and implementing watertight Know Your Customer (KYC) procedures can be problematic for many organisations since the process remains a people-driven, manual operation.

With our finger on the pulse of this ever-evolving industry, we provide intermediaries with practical, cost-effective solutions to address your business needs, from outsourcing, assistance in navigating regulatory landscape developments and their impacts, statutory reporting requirements, to support with mergers and acquisitions.

Ireland has always been known for its green landscapes and rich agricultural background, but with changing climate patterns, dynamic regulatory and legislative plans and evolving consumer demands, the future of Irish agriculture and food is being shaped in new ways.

Appointing 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.