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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.
Channel Islands new Substance rules
29 Apr 2019At last our Tax Offices have issued the long awaited guidance notes. Unfortunately those expecting much actual substance within them will, we fear, be left disappointed. This alert is to ensure you are aware that the guidance have been finally issued. This will now allow us to help you plan for these changes.
You will note that these guidance notes have been issued simultaneously by three Crown Dependencies, however there are subtle differences within the actual adopted legislation for each island.
Whilst the Guidance Notes offer some welcome clarity in certain areas especially in respect of employees and outsourcing there is still some major areas that are open to interpretation. It is expected that these vagaries will be addressed in future Guidance but in the meantime a view will need to be formed.
The key question remains as to whether your company is within the rules or not. Although the Guidance Notes provide some assistance to enable to you to form a preliminary conclusion we would recommend seeking advice where any uncertainty persists, as making the wrong choices can result in significant economic sanctions being applied.
Finally these Guidance Notes should be read in conjunction with approved legislation and 'Key Aspects' note issued in late 2018 which can be found here for Jersey and here for Guernsey.
We will be issuing further detailed notes in due course however in the meantime please feel free to contact us should you wish to discuss any of the above further.
