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Sector Focus
We specialise in the investment management industry offering audit, assurance, tax and corporate recovery and liquidation services.
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Personal Tax Services
There are many tax rules that can affect you personally and therefore which will have an impact on your personal wealth.
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QI Compliance
Qualified Intermediaries (QI) have to take action now to perform a Certification to the Internal Revenue Service (IRS).
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Download our tax brochures
The tax teams at Grant Thornton aim to provide the Channel Islands with a premier tax advisory service both to private clients and the business community including the investment management industry.
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Jersey Tax Return
A secure sign in page to file Jersey Tax Returns through the Grant Thornton tax portal.
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ESG
ESG can either be seen as a risk management tool or an opportunity, either way it is imperative to your business, whatever your size and whether you are listed or not.
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Professional Services
Business and accounting support for professional services
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Finance Industry
We work with a broad range of clients and their financial stakeholders, from entrepreneurs in the early days to fast growing and established businesses to public companies competing in global markets.
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Local Businesses
Businesses come in many shapes and sizes – from innovative start-ups to long-established local businesses. But however large or small your business, the chances are you face similar challenges.
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Corporate Insolvency
Our corporate investigation, Guernsey liquidation and recovery teams focus on identifying and resolving issues affecting profitability, protecting enterprise value and facilitating a full recovery where possible.
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Corporate Simplification
Redundant corporate entities can over complicate group structures and waste thousands of pounds in unnecessary costs each year. 46% of the c.15,500 companies controlled by the FTSE100 are dormant and it is estimated that the average cost of administering dormant companies is between £3,500 and £5,000 per company, per year.
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Debt Advisory
Our Debt Advisory team provides commercial and financial debt advice to corporate entities and public sector bodies in a range of sectors. Our engagements include advice on stand-alone transactions and solutions or as part of an integrated business plan, in both the project and corporate arenas.
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Exit Strategy Services
We offer a tailored methodology designed to enable a company to be reviewed in a group context to assess ways to maximise its value.
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Financial Restructuring
For companies challenged by under-performance we work with management teams, shareholders, lenders and other stakeholders to implement financial restructuring solutions creating a stable platform for business turnaround.
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Strategic performance reviews
Strategic performance reviews analyse the key drivers of performance improvement. Our specialists utilise a framework to evaluate financial and operational options and to identify solutions for businesses and their stakeholders.
Regulatory Changes
Stay compliant now and in the future
When you're concerned about keeping your business afloat and the government is doing its best to help, there is a danger regulatory issues could slip from the front of your mind.
However, as the situation unfolds, tighter restrictions may be introduced to help manage the crisis. You need to be agile and aware of developments as they happen.
While the focus is naturally on the crisis at hand, the pandemic will end eventually and business as usual will return. When it does, you need to be certain you haven't stretched regulatory guidelines more than you are able to deal with, and that your business hasn't become reliant on relaxed rules.
Potential issues
Keeping up to date with the regulatory environment is a challenge at the best of times. But with daily government announcements, changing guidance and new legislation bombarding us daily, it is even harder to know exactly what is needed.
Adapting to remote working and changing day-to-day operations can be difficult. Ensuring everyone is aware of their roles and following the latest guidance, as well as informed about their rights and responsibilities is not an easy task.
Reporting and stress-testing when things are moving quickly is challenging. It can be difficult to report accurately or update modelling when the situation is changing by the hour.
Actions to consider
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Assess
AssessFind out what your financial third-party providers are doing and what instructions are coming from regulatory bodies. How is pressure being alleviated by them and can you benefit from that help?
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Protect
ProtectEngage with the regulators, because the more you do, the more informed your planning will be. Correct and timely information is essential for you to adapt to the circumstances as needed. Make use of any simplifications or reductions in reporting requirements that might be available.
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Restore
RestoreDon’t forget your responsibilities. The regulator may have granted leniency during the crisis, but rules will come back into force once things go back to normal. Don't become too reliant on the measures put in place to help you through the crisis or push the limits more than you will be able to cope with once it runs out.
Consider these questions
- Are you in a position to respond quickly and effectively to regulators’ questions and requests for ad hoc information?
- With the outbreak having an impact on your profits and cashflow, do you need extra time to pay any outstanding tax debt or file?
- Will you be able to acquire evidence and make contact remotely to carry out your audit?
- Will you be able to reschedule audit dates and filing deadlines, given the uncertainty of when the pandemic will end?
- Is your audit team still able to obtain sufficient audit evidence with restrictions to your premises and staff?
