Our Consulting team guarantees quick turnarounds, lower partner-to-staff ratio than most and superior results delivered on a range of services.
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.
Our experienced Corporate Finance team has provided a range of transaction, valuation, deal advisory and restructuring services to clients for the past two decades.
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.
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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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.
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.
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.
Grant Thornton is Ireland’s leading provider of insolvency and corporate recovery solutions.
Our outsourced payroll teams become your dedicated payroll department, aiming to process your payroll in the most cost effective and compliant manner.
Grant Thornton's reliable and cost-effective outsourcing services help you streamline your business operations by taking care of your workload.
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.
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.
Flexible People Solutions
At Grant Thornton, our Financial Accounting and Advisory Services (FAAS) department have a dedicated team that help finance functions maximise efficiency.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
Our Tax Incentives team help clients access vital cash funding and tax incentives to enable them to achieve their growth ambition.
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.
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.
The Business Resumption Support Scheme (BRSS) provides a once-off payment of up to €15,000 to businesses who commenced trading no later than 26 August 2020 and who have been significantly impacted by restrictions imposed due to the Covid-19 pandemic. A BRSS claim can be made by a business irrespective of whether they have previously qualified for other Covid-19 related Government schemes including the Covid Restrictions Support Scheme (CRSS).
A business must make a BRSS claim between 1 September 2021 and 30 November 2021 (the ‘application period’) and any claim outside of this period will not be accepted. A claim must be made through ROS and the portal for registering and making a claim will open in early September.
Who may qualify for BRSS?
The scheme is open to persons carrying on a relevant business activity which includes self-employed individuals, partnerships and companies carrying on a trade, the profits from which are taxable under Case I of Schedule D. Certain charities and sporting bodies who carry on a trade and the profits from which would be chargeable to tax under Case I Schedule D but for the available charity and sports body tax exemptions may also qualify for BRSS.
Revenue Guidance on the operation of the BRSS dated 7 July 2021, includes examples of businesses which may qualify for BRSS being pubs, hotel suppliers, coach operators, sporting clubs and charity shops.
How to qualify for BRSS?
To qualify for the scheme, a business must demonstrate that the turnover of the business is adversely effected during the period from 1 September 2020 to 31 August 2021 i.e. that the turnover from its trade will be no more than 25% of a reference turnover amount (average weekly, VAT exclusive, turnover multiplied by 52 for the relevant business activity in a defined comparable prior period). The comparative reference period will depend on the commencement of the relevant business activity as follows:
To be eligible for BRSS a business must have commenced no later than 26 August 2020.
Other Qualifying Criteria
To make a claim for the scheme, a business must also meet the following conditions:
- The claimant has an up-to-date tax clearance certificate;
- They have complied with their VAT obligations;
- They are not entitled to make a claim for the CRSS scheme in respect of any week that includes 1 September 2021; and
- The business is actively carrying on its trade and has an intention to continue to do so.
The scheme operates on a self-assessment basis. Any person making a claim is required to maintain and have available such books and records as may be reasonably required for the purposes of demonstrating that the person is eligible to make a claim under the scheme and to support any amount claimed.
Similar to other Covid related business support schemes, BRSS legislation provides for the publication of the names of claimants on the Revenue website.
Amount that can be claimed
Qualifying businesses will be able to make a claim for a single payment (known as an Advance Credit for Trading Expenses ‘ACTE’) equal to three times the amount of:
- 10% of the average weekly turnover during the reference period up to a maximum weekly turnover of €20,000, plus
- 5% of any excess average weekly turnover over €20,000
subject to a maximum total BRSS payment of €15,000
Where a business has more than one relevant business activity, the BRSS payment will be related to the trade and not the business premises, as is the case for CRSS payments. For example, where a single trade is carried out from two premises, a single BRSS payment may be claimed where eligibility conditions are met. On the reverse, where two trades are carried out from a single premises a BRSS claim may be made for both relevant business activities such that up to a maximum of €15,000 may be claimed for each trade.
Contact your Grant Thornton advisor or discuss your eligibility for the BRSS and how we can assist you making a claim.