Grant Thornton Isle of Man provides a wide range of professional business services including audit and assurance, accounting, taxation, internal audit, and international corporate services. They work in partnership with local businesses to help them achieve their goals through high quality expertise. Grant Thornton combines technical skills with industry experience and understanding of clients to provide strategic advice and support to help businesses unlock their growth potential. They take a personalized, hands-on approach to client services.

1. Business Services
Working in partnership with local businesses to achieve goals
through the provision of high quality professional services.
Why go anywhere else?

2. Business services
Dynamic organisations know they need to apply both reason and instinct to decision making.
At Grant Thornton Isle of Man we combine award-winning technical expertise with the intuition,
insight and confidence gained from our extensive sector experience and a deeper understanding
of our clients. Through empowered client service teams, approachable directors and shorter
decision making chains, we provide a wider point of view and operate in a way that’s as fast and
agile as our clients. The real benefit for dynamic organisations is more meaningful and forward-
looking advice that can help to unlock their potential for growth.
Audit and Assurance Services
Through our extensive knowledge and experience
in multiple sectors we have developed industry
specific audit procedures which we tailor to meet
your individual needs. Our audit planning and
strategy is business risk focussed, and therefore
tailored for each of our clients to reflect the
specific operational, regulatory and financial
risks they face. We provide a wide range of Audit
and Assurance services to private, public and
international companies across various sectors. We
respond to the challenges of our clients with high
quality, value for money technical solutions every
time. For our clients we offer: robust independence
as a core value against which all of our services
and people are assessed; more hands-on input and
accessibility at senior level; more face-to-face time
with clients; to take the time to understand clients’
needs; specialists that operate outside technical
silos; and sector and industry specialists with
breadth and depth of expertise.
Our services cover the following:
• Statutory audit
• Non-statutory audit
• Regulatory audits and report
• Financial reporting advice/solutions
under UK and IFRS GAAPs
• Assurance reviews
• Independent examinations of charity accounts
Accountancy and Business Support Services.
What are business support services? Quite simply,
they give you the freedom to get back to running
your business.
Today it is very easy to drown in red tape.
Legislation, regulation, the demands of HR and IT -
all of these can consume valuable time and energy,
slowing your real work down. That’s where Grant
Thornton’s services come in; we can help clients
of all sizes, from owner managed businesses to
international groups with:
• Preparation of financial statements
• Accounting software
• Business planning & management reporting
• Accounting assistance
• Company secretarial assistance
• Payroll outsourcing
• Business valuations
Internal Audit Services
In today’s global economy, organisations - both
public and private - must demonstrate that they
have adequate controls and safeguards in place.
Grant Thornton’s internal audit services provide
you with independent, objective support in the
design, implementation and operating effectiveness
of controls. If you want to set up an internal audit
department or outsource your internal audit we
can help advising how to run your full internal
audit function or delivering this service for you. If
you require additional resource at peak times, our
co-sourced service provides project management
expertise and access to specialist internal audit
skills including IT, treasury, tax, pensions and
financial services compliance.

3. Taxation Services
We understand that tax is becoming a more
complicated area and together with our experience
and expertise we can provide a service to you that
will show that “Tax doesn’t have to be taxing”.
Tax Compliance
We deal with all compliance matters for individuals,
companies and trusts making sure all statutory
requirements are met. Our services Include:
• The completion and submission of: Isle of Man
and UK:
- Personal tax returns
- Corporate tax returns
- Trust tax returns
• Reviewing and agreeing tax assessment notices
• Assistance with tax enquiries
• Advice on remuneration matters, including
benefits in kind
• VAT registration and de-registration
• VAT returns and enquiries
Tax Planning
We provide a wide range of tax planning
opportunities for both national and
international clients. Our services include
advice and assistance on:
• Use of corporate and trust structures
• Residence and domicile issues
• The use of the Isle of Man Tax Cap
Isle of Man Payroll
We deal with all matters in relation to Isle
of Man payroll such as payslips, remittance
cards, annual returns forms and the
organisation of T14, T9, C11 & C14 forms.
International Services
Through our regulated fiduciary, Grant Thornton
(Isle of Man) Limited, we provide services in relation
to the setting up and administration of offshore
structures for legitimate purposes, including tax
planning, succession and estate planning.
The corporate services we provide include the
incorporation of Isle of Man companies, assuming
the position of registered agents, directors and
secretaries, and the maintenance of the structure.
The trust services we provide include the
establishment of Isle of Man trusts, provision of
professional trustees, and the administration of
structures.
Services in relation to offshore companies, limited
liability companies, partnerships, trusts and
foundations are provided through Grant Thornton
(Isle of Man) Limited, which is licensed by the Isle of
Man Financial Services Authority - the part of the
Isle of Man Government which regulates banks,
investment services and corporate and trust
providers.

4. grantthornton.co.im
Isle of Man
Who we are
Grant Thornton Limited in the Isle of Man has been
operating under the same ownership since 1987,
although the firm can trace its origins back even
further than that. We provide a range of services
to clients ranging from private individuals to public
companies listed on international stock exchanges.
The majority of our staff are professionally qualified
or training for a professional qualification and have
extensive experience of the Isle of Man economy
and its many facets. All of our staff are committed
to de livering exceptional service to all of our clients.
The Isle of Man has enjoyed over 30 years of
continuous economic growth. Our small economy
is a major success story and Grant Thornton in the
Isle of Man is very proud to be part of it.
Our global organisation
Grant Thornton is one of the world’s leading
organisations of independent assurance, tax
and advisory firms. These firms help dynamic
organisations unlock their potential for growth by
providing meaningful, actionable advice. Proactive
teams, led by approachable directors in these
firms, use insights, experience and instinct to
understand complex issues for privately owned,
publicly listed and public sector clients and help
them to find solutions. Over 50,000 Grant Thornton
people, across more than 135 countries, are focused
on making a difference to clients, colleagues and
the communities in which we live and work.
Lee Penrose
Director Client Development
T +44 1624 639472
E lee.penrose@im.gt.com
Dennis McGurgan
Managing Director
T +44 1624 639482
E dennis.mcgurgan@im.gt.com
Richard Ratcliffe
Director
T +44 1624 639481
E richard.ratcliffe@im.gt.com
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