Services
Our progressive thinkers offer services to help create, protect and transform value today, so you have opportunity to thrive tomorrow.
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Aviation Advisory
Our dedicated Aviation Advisory team bring best-in-class expertise across modelling, lease management, financial accounting and transaction execution as well as technical services completed by certified engineers.
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Business Risk Services
Our Business Risk Services team leverage our risk, internal audit and technology subject matter expertise to critically assess your governance, risk and internal control mechanisms, thus helping you to better manage risk and enable more informed decision making.
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Consulting
Whatever your business needs, our Consulting team can help you to move forward and identify and implement major transformations efficiently and effortlessly.
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Financial Accounting and Advisory Services (FAAS)
As organisations expand into new markets or undertake functional financial transformations, the challenges faced by their accounting and finance teams become more complex. The Financial Accounting and Advisory Services (FAAS) team at Grant Thornton is a multi-disciplinary team that designs and implements creative solutions to address these complexities.
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Fintech
Our Fintech team will be offering you an opportunity to sit with our experienced consultants to discuss your challenges.
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Forensic Accounting
Organisations may undergo some type of dispute or internal investigation during their lifetime. Our Forensic Accounting team can seek evidence that can make the difference between finding the truth or being left in the dark.
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Risk Advisory
Our Risk Advisory team delivers innovative solutions and strategic insights for the Financial Services sector, addressing disruptive forces, regulatory changes, and emerging trends to enhance risk management and foster competitive advantage.
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Sustainability Desk
We recognise that businesses are operating at different levels of maturity when it comes to sustainability, and pride ourselves on working with our clients to develop bespoke solutions to their exact needs.
Our services can strengthen your business and stakeholders' confidence. You'll receive professionally verified results and insights that help you grow.
Expert-led tax advisory and compliance services for individuals and businesses in the Isle of Man, delivering practical, proactive and efficient solutions.
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Company tax
Our experienced corporate tax advisors work closely with your business to ensure full compliance and optimal efficiency. By understanding your commercial operations, we identify opportunities to manage liabilities, reduce risk, and strengthen your financial position through tailored tax planning and advice.
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Global mobility
Our integrated approach brings together specialists from tax, payroll and people advisory to simplify global mobility management. We help you navigate expatriate and international tax obligations while ensuring compliance and supporting your people through relocation.
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Indirect tax advisory and compliance
Transactional taxes such as VAT and customs can quickly become major financial exposures. Our Indirect Tax team helps you manage risk, ensure compliance across jurisdictions, and identify opportunities to streamline processes—protecting cash flow while maintaining transparency with tax authorities.
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International tax
Operating internationally introduces complex tax considerations. We collaborate across our global network to design efficient, compliant structures that align with your operational footprint and strategic priorities—delivering confidence and clarity across borders.
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Private client
Our Private Client team supports you through every stage of your personal financial journey. From residency and domicile planning to succession and wealth transfer, we help you minimise the impact of taxes such as income, capital gains and inheritance tax, ensuring your wealth is protected for future generations.
Financial Reporting
Insights into IAS 36: Estimating recoverable amount
IAS 36 ‘Impairment of Assets’ provides the guidance for carrying out impairment reviews of assets (both tangible and intangible). IAS 36 is not a new Standard, and while many of its requirements have been extensively commented on, IAS 36’s guidance is detailed, prescriptive and complex in some areas, and therefore frequently challenging to apply in practice.
Contents
The articles in our ‘Insights into IAS 36’ series have been written to assist preparers of financial statements and those charged with the governance of reporting entities understand the requirements set out in IAS 36, and revisit some areas where confusion has been seen in practice.
The next three articles in our ‘Insights into IAS 36’ series cover Step 4 of the impairment review, namely estimating the recoverable amount.
We cover:
- Recoverable amount and fair value less costs of disposal
- Value in use – estimating future cash inflows and outflows, and
- Value in use – applying the appropriate discount rate.
This article covers the definitions of recoverable amount and fair value less costs of disposal (FVLCOD) and provides an overview of value in use (VIU).
Authors
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Louise Kelly Louise has over 14 years’ experience working on all sizes of public sector and privately owned companies. Her portfolio includes clients in various sectors including construction, education, motor retail, manufacturing and public sector.View Profile