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Business 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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Corporate Finance
Our experienced Corporate Finance team has provided a range of transaction, valuation, deal advisory and restructuring services to clients for the past two decades.
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Digital Risk
Our Digital Risk team offer advisory and consulting solutions that give our clients peace of mind, clear value for money and an enhanced ability to react to cyber attacks.
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Digital Transformation
Our Digital Transformation team work with business leaders to deliver efficient digital strategies and operating models that provide new or enhanced capabilities.
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Forensic and Investigation Services
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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Objectives and Key Results (OKRs)
Objectives and Key Results (OKRs) is a goal setting framework that helps teams, individuals and organisations set and track measurable goals.
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People and Change Consulting
Our People & Change Consulting team help clients adapt to the changing nature of the workforce - how they attract, retain, engage, develop, deploy and lead their people.
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Restructuring
Grant Thornton is Ireland’s leading provider of insolvency and corporate recovery solutions.
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Outsourced Payroll
Our outsourced payroll teams become your dedicated payroll department, aiming to process your payroll in the most cost effective and compliant manner.
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Outsourcing
Grant Thornton's reliable and cost-effective outsourcing services help you streamline your business operations by taking care of your workload.
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Audit and Accounting Advisory
Our Audit and Accounting Advisory team takes the headache out of multi-jurisdictional audit compliance requirements as well as technical compliance with accounting standards and legislation for clients.
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Business Process Outsourcing
Grant Thornton’s Business Process Outsourcing (BPO) team serves the needs of rapidly growing mid-tier multinationals operating out of Ireland and other hubs through the provision of services across the full range of finance functions.
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Flexible People Solutions
At Grant Thornton, our Financial Accounting and Advisory Services (FAAS) department have a dedicated team that help finance functions maximise efficiency.
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Global Compliance & Reporting Solutions
Our Global Compliance & Reporting Solutions service offering covers a full suite of compliance services including financial statement preparation and related filings, dual bookkeeping, direct and indirect tax, statistical returns and payroll.
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Global Payroll Solutions
At Grant Thornton, we meet the challenges of our clients. Our Global payroll compliance service offering is tailored to meet all your payroll requirements through a single point of contact.
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Grant Thornton Financial Counselling
Grant Thornton Financial Counselling (GTFC) comprises a team of highly qualified professionals who offer financial advice to individuals and corporates across a range of areas including savings, investments, pension planning, and inheritance and succession planning.
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Inheritance Planning
Our services on Inheritance Planning mirror those on Succession Planning whereby the foundations of the plan are derived from meaningful conversations with those that wish to pass on or protect their asset base.
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Personal Tax Compliance & Planning
The Grant Thornton Personal Tax team helps clients remain compliant and up to date with all of their tax obligations whilst ensuring that they are solutions driven and manage their finances in the most tax efficient way possible.
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Succession Planning
We have extensive experience guiding our clients successfully through the succession process. This involves advice on both the qualitative and quantitative aspects of the process. While there is a business at the core of each succession plan we advise on, it is all predicated on understanding the people and their respective wishes.
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Company Secretarial
Grant Thornton’s Company Secretarial team contains qualified Company Secretaries. Clients are assured that they will meet all of their obligations under the Companies Acts and other relevant legislation and regulations.
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Corporation Tax
Our Corporation Tax team is made up of more than 40 highly experienced senior partners and directors who work directly with a wide range of domestic, international, and financial services clients. We place a strong emphasis on direct service to clients and we pride ourselves on the close personal relationships we build and the deep understanding of their businesses we develop
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Employer Solutions
Attracting and retaining key talent, managing employment costs and ensuring compliance with complex tax rules presents one of the most serious challenges today for many businesses. You need to ensure that your business complies with increasingly complex tax legislation and can adapt to updated Revenue guidance in a cost-effective way and we are here to help.
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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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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 change and financial accounting teams across Ireland and Northern Ireland, while drawing on the knowledge and insights of our global network of over 143 offices of mobility professionals to provide you with a holistic approach to managing global mobility.
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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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Tax Advisory
The Grant Thornton Tax Advisory team blends commercial experience and knowledge with tax expertise to advise clients on the full range of transactions including sales, mergers, restructurings and succession planning.
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Tax Incentives
Our Tax Incentives team help clients access vital cash funding and tax incentives to enable them to achieve their growth ambition.
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VAT
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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Real Estate Tax Advisory
The Irish real estate market has experienced considerable change in recent years. This has resulted in the emergence of a number of challenges for investors, but has also brought about significant opportunities. With this in mind, taxation is now more than ever one of the key factors for real estate investors when appraising investments, financing methods and development structuring.
Kim Doyle, Tax Director with Grant Thornton is joined by Sasha Kerins, Tax Partner with Grant Thornton. Kim discusses the latest in tax, including the Covid-19 support schemes. Sasha shares her insight into the changes to business practices and operating process in today’s world which has brought about new ways of working and living and also new tax considerations.
Temporary Wage Subsidy Scheme (TWSS)
Stage two of the reconciliation process for the TWSS began last month with the issuing of reconciliation statements by Revenue to employers. This is the final phase of the TWSS programme. Employers have until the 30 June 2021 to take certain action.
Employment Wage Subsidy Scheme
The EWSS remains to be a significant support to employers; a quarter of all employers made a claim in January. According to the Minister for Finance, the main three sectors benefitting from the scheme are Wholesale and Retail Trade, Accommodation/Food Services and Construction.
As part of his comments on the EWSS, the Minister said that consideration is being given to the fact that continued support could be necessary out to the end of 2021. We have no decision from the Government yet on the future of the scheme beyond June 2021.
Surcharge for late filing of Form CT1 and iXBRL financial statements
The application of the late filing surcharge for CT1 returns due by 23 March 2020 up to 23 June 2021 and iXBRL financial statements also due within this period, was suspended by Revenue. This suspension is due to end on 30 June. From 1 July 2021 Form CT1s and iXBRL financial statements outstanding will incur a late filing surcharge. There may also be a restriction on loss relief due to the late filing of the return.
Negative Interest Rates
Financial institutions in Ireland are now charging negative interest rate on certain deposit and savings accounts. This has led to a renewed focus on the tax treatment of negative interest rates for both corporate and personal taxpayers. There are also questions on the correct tax treatment for the financial institutions themselves particularly when we consider their Capital Adequacy Requirements. In addition to the tax treatment there are also transfer pricing considerations.
Remote working
Covid-19 has had a big impact on the way and how we work. Where possible employees are working from home. The Government’s Rural Future Strategy launched last month includes plans for a network of remote working hubs and new tax reliefs for employees and employers which support homeworking.
Currently, e-Working tax relief is available to employees working from home who may have incurred increased home expenses such as electricity, heat and broadband.
Tax considerations in today’s new world
Sasha discusses:
- The impact of Covid-19 on us all has been the most dominate catalyst of change over the last 12 months. It has changed the way we work and presented a number of new tax issues. There are also transfer pricing considerations.
- The EU Mandatory Disclosure reporting rules (DAC 6) came into effect in July 2020. What is the purpose of these new disclosure rules and what has been an impact on businesses?
- Under the EUs Anti-Tax Avoidance Package of measures, the EUs Anti-Tax Avoidance Directive, also known as ATAD provides for 5 specific anti-avoidance measures which had to be transposed into Irish law. Ireland has implemented some of these measures and the remaining measures will be introduced in the coming months.
- The EU recently adopted new rules which revise its Directive on administration cooperation in the field of taxation which will create a reporting obligation for digital platforms. There is also a fresh impetus for the EU to push ahead with its own proposals for a digital levy, if the prospect of a global solution at the OECD is not forthcoming. What will this mean for businesses?
- The Minister for Finance published an update to Ireland’s Corporation Tax Roadmap earlier this year. Sasha highlights the significant actions expected to be taken by Ireland.
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