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Audit of annual and consolidated financial statements
We place particular emphasis on customized solutions and international service and adapt our services to your needs.
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Assurance related advisory services
Assurance related advisory services are based on the knowledge and expertise that are the staff of life of our auditors.
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Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
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Accounting related consulting
Accounting in accordance with UGB, US-GAAP or IFRS is in constant motion. The integration of new regulations into their own accounting systems poses special challenges for companies.
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Corporate Tax
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Restructuring, Mergers & Acquisition
Expertise and creativity for the perfect structure
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International Tax
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Transfer pricing
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Indirect Tax & Customs
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Private Wealth
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Real Estate Tax
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Global Mobility Services
Local roots and global networking as a secret for successful assignment management
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Advisor for Advisor
As advisors for advisors, we support in complex situations
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Bookkeeping & Financial accounting
Financial accounting is the basis for many decisions in the company. Only those who prepare their figures clearly and get a good overview of their company can recognize weak points in time and react to negative developments. The use of state-of-the-art software (BMD) allows you to access your figures at any time. Digital document management and a document management system for data archiving are a matter of course. We take care of your financial accounting.
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Preparation of annual & consolidated financial statements
Depending on the size of your company and the legal form chosen, you are obliged to prepare annual financial statements. In addition, shareholders, owners and management want to be provided with financial information on a regular basis. We support you in fulfilling your recording obligations and thus ensure that you present companies, the bank and other addressees with meaningful and reliable figures.
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Payroll Services
Payroll services are among the subject areas that are changing rapidly and constantly gaining in complexity. This is where tax law, social security law, labour law, residence law and other legal matters come together. Our experts will help your team to stay up-to-date and solve complex issues. But we are also happy to take care of your entire payroll accounting.
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Tax Compliance
Tax authorities keep entrepreneurs and freelancers constantly engaged with tax issues, so they play a central role in almost every business decision. Depending on your needs, our services range from the preparation of tax returns, the execution of tax calculations with a thorough review of the data as a basis for assessment, to international tax compliance for several countries.
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Robotic Process Automation (RPA)
Robotic Process Automation (RPA) is a software-based technology that mimics a series of activities within and between systems based on a set of instructions typically to complete a process.
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Valuation
Valuations are a core competence of Grant Thornton Austria. As auditors and tax advisors we combine profound know-how with our practical experience to offer you customized solutions for your valuation assignment. Our industry expertise is based on years of services to our clients, including listed companies as well as owner-managed companies with an international focus. We advise on valuation matters related to arbitration and provide expert opinions.
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Forensic Services & Cyber Security
When it comes to risks in business, our experts are on hand. We support you not only in suspicious cases or in disputes, but also develop suitable strategies in the area of prevention to avoid serious cases as far as possible. Our Cyber Security team helps you to keep your networks and applications secure and is quickly on hand in the event of a security leak.
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Transaction Support
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
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Merger & Acquisition
Companies start new activities and separate from old ones, cooperate and merge. Markets and competitive conditions are subject to constant and increasingly rapid change. As a result, existing business models are changing. Some companies have to restructure and reorganize. But new business opportunities also open up.
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Restructuring & Going Concern Forecast
Restructuring & Going Concern Forecast: Bundled services for your strategic, operational and financial decisions offer the right answers for companies, banks, shareholders and investors.
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Internal Audit
Internal Audit helps companies and organisations to achieve their goals by analysing and evaluating the effectiveness of risk management, controls and management and monitoring processes. Internal Audit focuses on independent and objective audit (assurance) and consulting services that improve the value creation and business activities of your company.
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Expert dispute resolution & advisory
Grant Thornton Austria offers comprehensive services in the field of business-oriented expert services with a broad range of competencies from banking to communication. The core activity of experts is the objective recording of findings and the preparation of expert opinions - regardless of all external circumstances. Our experts Gottwald Kranebitter and Georg H. Jeitler, as sworn and court-certified experts, ensure that the highest professional standards and the principle of objectivity are observed.
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Blockchain and Crypto-Asset
Blockchain as a carrier technology for crypto currencies and smart contracts, among other things, is becoming increasingly important. Grant Thornton Austria offers comprehensive audit and confirmation services for block chain technologies and business models.
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Corporate & Brand Strategy
We support you in developing growth strategies for a sustainably successful future and in maximizing the potential of your brand.
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International Project Coordination
Our International Engagement Management team is your central point of contact for international projects in all our service lines. We take care of operational project management for you and act as a central point of contact and coordination for your projects. We support companies that start international projects from Austria as well as companies from abroad that want to gain a foothold in Austria or use Austria as a hub for their international projects, especially in the DACH (Germany, Austria and Switzerland) and CEE region.
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International Desks
As a member of the Grant Thornton network, we guarantee direct access to resources from our worldwide circle of partners. This global connection enables us to seamlessly integrate highly qualified specialists and industry experts from different countries around the world into our teams. Through our broad perspective and diverse expertise, we ensure that we can optimally meet the individual requirements of our clients in an increasingly globalised economy.
Nathan Goode on the potential consequences of Russia's annexation of Crimea
The geopolitical aftershocks from recent events in Crimea appear to have some way still to run, but in the longer term, one impact of the crisis may be to shift thinking in the European energy sector.
Russia currently provides around a quarter of the EU’s gas needs, rising to more than a third in Germany, three-fifths in Poland and 100% in the Baltics. Around half of this gas passes through Ukraine. Oil and gas exports account for more than half of Russia’s federal budget and Europe is its largest gas market. Cutting Europe off would be very painful for Russia.
So no doubt the politicians will come to some sort of mutually beneficial deal to keep the gas flowing to Europe, whether through Ukraine or around it.
But this has clearly given European leaders food for thought about where they should get their energy from in the future. One outcome could be a revived focus on renewables as a way of shaking off Russian influence over European light switches, as well as helping to meet emissions targets. The crisis may also instil a further sense of urgency around existing plans for inter-country connections and regional smart grids. Those countries that haven’t turned their backs on nuclear may also be quietly applauding their decision to keep the faith with this controversial and expensive technology. Europe could of course look to other sources of gas, such as the Middle East and North Africa, but it would currently have to pay around double what gas from Russia costs.
The renewables sector could certainly do with a boost. Attitudes to EU emissions and renewables targets have become increasingly ambivalent in the face of rising business and consumer pressure for lower prices. Globally, the recent UNEP/Bloomberg New Energy Finance report suggests investment in renewables declined by 14% in 2013, although, frustratingly, this comes at a time when the cost of renewables is coming down; because of cheaper technology, the renewable share of the energy mix actually increased to 8.5% (up from 7.8% in 2012). And this comes at a time where the case for investment in renewables becomes ever clearer: the IPCC believes that the world needs to triple the energy it gets from renewables, nuclear reactors and power plants that use emissions-capture technology to avoid dangerous levels of global warming.
Our most recent IBR study was undertaken before the Ukraine situation flared up, but the results show a renewables sector under pressure in Europe. Just 32% of EU cleantech businesses expect to raise profits over the next 12 months, compared to 47% of sector peers globally. Similarly, 39% expect to invest in plant and machinery in the year ahead, below the global sector average of 53%.
The situation in Ukraine is complex and disturbing; but if it provides the kick needed for European policymakers to focus on energy security then some good may have come of it. New clean energy investment rose 14% globally in Q1 from a year earlier which is positive. In an uncertain world, making locally generated renewables a larger share of the energy mix is simply common sense.
Nathan Goode is global leader for energy & cleantech at Grant Thornton