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To say doing business is difficult in New Zealand (or anywhere) right now is an understatement. In what seems like an ever-increasing state of inflation, it's important you understand your businesses' pressure points now more than ever and strong cashflow management can mean the difference between survival and failure.

What are the professional attributes that relationship property lawyers look for most in their forensic accountant? The latest New Zealand Relationship Property Survey by Grant Thornton and the New Zealand Law Society asked practitioners to list the three most important attributes a forensic accountant should have in giving expert advice in relationship property matters.

An increasing trend towards the appointment of a single joint forensic accounting expert (SJE) for relationship property matters has emerged in New Zealand, compared to the traditional approach where each party appoints their own forensic accounting expert.

A large number of businesses have taken advantage of the Government’s wage subsidy packages over the last two years. Many businesses concluded that they could reduce employees’ wages to 80% of their normal pay across the board. But, was the minimum wage still payable if employees were not able to work due to the lockdown?

Not for Profit organisations need reserves to fund organisational change and improvements, and to provide a buffer for potential events that will adversely affect the organisation.

View our rolling results example. Use it for your organisation to help your Board members see where the organisation is expected to land for its full year financial results.

Our specialist payroll assurance team can conduct a review of your payroll system configuration and processes, and then help you and your team to implement any necessary recalculations.

Mandatory climate related reporting on the way for some NZ businesses. The Government is establishing a standardised approach to climate-related reporting for certain entities to disclose their progress on emission reduction in a way that’s transparent and consistent.

Government’s interest deductibility rules the most controversial tax policy to date were changes to the tax system to counter what it saw as favourable treatment for investors in residential housing.

For well over 100 years the Incorporated Societies Act 1908 has enabled community related organisations to become incorporated for a wide variety of purposes. However, this Act is now outdated and deficient in many respects.

From 1 April 2021, a new 39% personal tax rate applies on income above $180,000. To ensure a consistent taxation of non-cash benefits, FBT rates have also significantly increased.

The economic impacts of COVID-19 will continue to persist well into 2021. Our borders remain substantively closed and the nationwide roll out of a COVID-19 vaccine is yet to commence in New Zealand. This means that teams which perform inhouse impairment testing need to consider how the ripple effects of the pandemic will influence their financial statements over the next 12 months.

Read our two-part series about New Zealand’s housing crisis by procurement expert, Michael Worth. We also reveal the findings in this year’s Grant Thornton Women in Business Report, and how you can retune your business by pausing for a pit stop.

In a bid to ease New Zealand’s housing crisis, the Government has introduced new legislation that will impact current owners of residential investment property and new purchases made on or after 27 March 2021.

Our last edition of Business Adviser for the year explores how Government agencies are progressing towards implementing Government Procurement Rules – 4th edition. It also covers the significant GST changes on the way for NFPs and the potential impact of a wealth tax on New Zealander’s tax psyche.

It’s been one year since the Government introduced its new procurement rules; we’ve recently conducted research into how much progress is being made within agencies, to get a sense of how successfully the new rules are being implemented. Our findings also revealed insights for businesses who provide products and services for Government.