-
Sector Focus
We specialise in the investment management industry offering audit, assurance, tax and corporate recovery and liquidation services.
-
Personal Tax Services
There are many tax rules that can affect you personally and therefore which will have an impact on your personal wealth.
-
QI Compliance
Qualified Intermediaries (QI) have to take action now to perform a Certification to the Internal Revenue Service (IRS).
-
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.
-
Jersey Tax Return
A secure sign in page to file Jersey Tax Returns through the Grant Thornton tax portal.
-
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.
-
Professional Services
Business and accounting support for professional services
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
ISSB sustainability symposium - what happened?
14 Mar 2023The IFRS, which is responsible for publishing the ISSB climate standards, met in Montreal on 17 February, with the aim of detailing what’s next for sustainability disclosure.
This is what was discussed:
The standards are nearly here
The ISSB, after a public meeting, agreed on the final contents of its S1 and S2 standards. The balloting process will now begin, with the standards set to be publicly released by 30 June 2023.
SASB standards are an important tool
Existing SASB standards provide industry specific guidance, and this will be needed for S1 and S2 implementation, with S1 specifically detailing use of a SASB standard if a specific ISSB standard does not exist. Therefore, those who are already reporting under SASB will have a material advantage.
ISSB will continue to monitor, develop and support SASB for at least 4 years, with the ISSB committing to building upon existing SASB guidance for its own standards.
Comparability is key
Global comparability of disclosure between divergent standards is one of the key concerns for users, and is the principle reason ISSB came into existence. It is hoped the release of this standard will solve this issue, and all reporting users will have a baseline from which to allocate capital and make business decisions.
Jurisdictional take-up
It is yet to be seen which jurisdictions will mandate ISSB standards, but to achieve a global baseline of comparability for users, they will have to do so. The Board expects some ambitious jurisdictions to mandate the standards first, with others then following the lead. The Board expect take up to be relatively quick.
Businesses, of all sizes, need implementation support
There is a range of preparedness for implementation, with SMEs in particular needing help and advice. The Board will release advice, guidance, examples and reliefs to reporting requirements (a proportionate response). This approach is seen as crucial to successful onboarding, and the engagement of a firm’s accountants to help produce this disclosure will be a key differentiator.
Integrated reporting
The Board have drawn upon concepts in the integrated reporting framework, as they appreciate the importance of linking sustainability disclosures to the financial statements. This matter will gain in prominence, especially as ISSB asks preparers to consider materiality risks.
What to do now
Implementation date for ISSB standards is January 2024. The short timeframe means firm’s need to start having internal conversations about how they will report now. This is a Board level agenda item that will require a lot of attention and resource.