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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.
For most companies, the responsibility to comply with the twists and turns of financial reporting obligations is an ever increasing, and sometimes dizzying drain on a finance team’s time and resources.
Regulators and standard setters, still reeling from the public outcry over the financial crisis, are introducing a number of new standards for companies to implement. At the same time they are threatening regulatory challenge for non-compliance. Combined with the intensifying complexity of company business models, the challenge of not meeting reporting deadlines is a real issue.
Stakeholders and boards are demanding more and more from their finance departments; transparency of disclosure; alternative performance measures; and financial reporting that is ahead of competitors. This is now an expectation rather than a ‘nice to have’. For CFOs and FDs, an understanding of upcoming financial reporting changes is key to ensuring credibility with boards and auditors.
Finding and retaining talent to get up to speed on every financial reporting issue is challenging and an unjustifiable expense if you don’t necessarily need the expertise at all times.
What we offer
Our team combines broad sector experience and deep technical capability to make our clients feel supported.
In collaborating with a variety of companies, we have a broad understanding of how financial reporting can go wrong. These practical insights, combined with broad technical knowledge of IFRS, UK GAAP and US GAAP, means that our clients gain access to an expert that is ready to help them balance demands and challenges within their teams.
The FRAG team works with both private and public bodies and has a sector agnostic focus. Typically clients have included large corporates, medium-sized businesses and not-for-profit organisations.
Our services include:
- Impact assessments and implementation of new standards (IFRS 9, IFRS 15, IFRS 16 and IFRS 17)
- GAAP conversion work, principally IFRS, UK GAAP and US GAAP
- Restructuring and group simplification
- Technical accounting papers
- Preparation of accounting policy manuals and policy reviews
- Training
- Outsourcing