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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.
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Company Tax
Our tax team is made up of highly experienced professionals who work with our clients to ensure they are compliant with all aspects of their corporation tax obligations by gaining a deep understanding of the businesses.
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Global Mobility
Grant Thornton offer a different approach to managing global mobility. We have brought together specialists from our tax, global payroll, people and change and financial accounting teams
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Indirect Tax Advisory & Compliance
Our Indirect Tax team helps businesses manage their IOM, UK and global indirect tax risks which, as transactional taxes, can quickly become large liabilities.
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International Tax
We work closely with our colleagues globally to provide a seamless multi-jurisdiction service offering which ensures clients have an appropriate tax structure that mirrors what they are doing operationally – a key consideration in a world where it is no longer possible to separate a company’s tax and operational presences.
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Private Client
Our team of experienced advisors can assist and navigate you through the tax issues arising when establishing a business, moving to the Island, leaving the island, passing on wealth alongside residence and domicile issues. We can help minimise the impact that taxes, such as income tax, capital gains tax and inheritance tax, may have upon your personal wealth.
Payroll in-house can be complicated and time consuming
As the global and digital landscapes continue to grow, and businesses are striving to operate more efficiently, it has become increasingly common for companies to have employees working in a variety of jurisdictions. Payroll is a critical function for businesses and each jurisdiction has their own local tax and legal regulations making it increasingly complicated to manage efficiently in-house. We can help you navigate your options for payroll in the Isle of Man, to streamline processes and free up valuable time and resources.
Our Services
The services Grant Thornton can provide payroll assistance with are:
- Register as an employer with the Isle of Man Income Tax Division (“ITD”)
- Calculate and administer monthly payroll reports, including Income Tax Instalment Payments (“ITIP”) and National Insurance (“NI”) contributions
- Prepare and issue branded payslips
- Prepare and issue a monthly Tax Voucher to settle ITIP and NI
- Prepare end of year returns
- Report to the relevant tax bodies
Please note that Grant Thornton do not handle the payment of wages or Income Tax and National Insurance. It will be your responsibility to ensure that payments to both the employees and the Income Tax Division are made before the due date.
Why Grant Thornton?
Our outsourced payroll processing and payroll management team becomes your dedicated payroll department whose primary objective is processing your payroll in the most cost-effective and compliant manner. Talk to us about outsourced payroll processing and payroll management, and take the first step to removing this non-core part of your business from your monthly activity.