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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 Guernsey tax team at Grant Thornton aim to provide the island with a premier tax advisory service both to private clients and the Guernsey business community including the investment management industry.
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Jersey Tax Return
A page with a link for Jersey Tax Returns
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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.
We have more turmoil, but will we have more sanctions?
When Russia invaded Ukraine, the world moved quickly to expand sanctions against Russian and related parties. The sanctions showed the imposing country’s disapproval of certain actions and aim to change the behaviour of a recalcitrant group or their supporters. As they say money talks.
We are told the fresh sanctions imposed by the US on 10 Hamas members, operatives, and financial facilitators have the aim of stemming revenue flow to Hamas. War costs money. It appears the US hopes to weaken Hamas and possibly shorten the brewing war by restricting Hama’s ability to obtain funding.
The question remains whether the UN and the UK (and therefore Guernsey and Jersey) will also move to impose fresh sanctions in relation to the Hamas/Israel conflict.
Irrespective of this, now is the time for everyone to refresh themselves on what they need to do if a new raft of more extensive sanctions are imposed. It would also be wise to review your business’ policies and procedures relating to sanctions as well as consider who your clients and persons connected to your clients are, where they are and where any assets your business holds or controls are located.
As we all experienced in early 2022, forewarned is forearmed. While you are not in the eye of a sanctions storm, you may also wish to consider your business’ risk of breaching the new US obligations.
Sanctions can be a minefield and breach of any sanctions regime is backed by stiff criminal penalties both for the business as well as individual’s involved. Obtaining advice and practical assistance can protect you and your business.
If you need any assistance with navigating this difficult area or with reviewing your policies and procedures to ensure they are appropriate, please do not hesitate to reach out to a member of Grant Thornton’s Regulatory Consulting.
