Down Royal Racecourse

Leading business advisory firm, Grant Thornton, has signed a new sponsorship deal with Down Royal Racecourse. The investment will give the firm exclusive naming rights to the race fixture on Friday 3 September – The Grant Thornton Race Evening – including four race titles. They include the ‘Grant Thornton Nursery Handicap’, and ‘Grant Thornton Ulster…

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Economy

By Andrew Webb, Chief Economist, Grant Thornton There has been a lot written about the 10x economy in the last few weeks, with the usual mix of cheerleaders and naysayers that any attempt to present a new plan brings. I have written many economic strategies over the past 15 or so years so I know…

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COVID

Gemma Johnson, Associate Director, Tax Having an abundance of cash on hand may not seem like too much of a problem for most of us, however there are potential downsides for businesses who are reporting excess cash on their balance sheets. Undoubtedly, the COVID-19 pandemic has hit many of our local businesses hard, and they…

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Income streams

Rachel Marsden, Manager, Audit & Assurance Even before the arrival of COVID-19, forward-thinking charitable organisations had already begun to consider how to diversify their income streams. They were looking to step away from traditional fundraising methods, as the early warning signs indicated a waning public appetite for direct debits and voluntary donations. Competition for grant…

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Tariff

Lee Squires, Director, Indirect Tax From 1 January 2021, the Northern Ireland Protocol to the Brexit Withdrawal Agreement created a customs and regulatory border down the Irish Sea. There has been considerable focus in the media on the delays, logistical issues, and extra red tape that businesses face when moving goods from Great Britain into…

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People

Richard Gillan, Managing Partner, Grant Thornton Northern Ireland We all know it. The importance of people in an organistion. But in professional services firms, people aren’t just important – they are, just about, “everything”. The outbreak of COVID-19 and the economic lockdowns that followed brought obvious difficulties – not just for our people, but for…

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R&D tax relief

Leading business advisory firm Grant Thornton has helped local firms recoup more than £10 million of tax relief from ‘Research and Development’ (R&D) spending in the past 18 months. And it is expected to increase significantly throughout 2021 as companies explore new ways to improve cashflow as the economy emerges from restrictions brought about due…

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M&A

Charlie Kerlin, Director, Corporate Finance Levels of M&A activity are 18% higher than the same month last year, according to the latest statistics (February 2021). At first glance this appears remarkable, given the potential uncertainties around COVID-19 and legacy Brexit issues. This month-on-month increase has been a trend since the middle of last year, with…

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Modern work

Claire Brereton, Assistant Manager, People and Change Consulting If someone had have asked me 12 or 18 months ago what my idea of a ‘modern’ workplace was, I would have thought of open, collaborative office spaces with ping pong tables and a casual dress code. But this idea is now outdated. Whilst the pandemic has…

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Training

Kate McCann, Associate Director, Audit and Assurance, Grant Thornton Ireland  In the autumn, a new intake of graduates started their Chartered Accountant training contracts, just as further lockdown measures were introduced. In the new world of remote working for the majority of employees, what struggles will these new trainees face, and how will they gain…

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