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In September 2021, The Reserve Bank of New Zealand released an issues paper that considers the introduction of a New Zealand Dollar-issued digital currency that could be used to innovate and support central bank money. The risk of New Zealand falling behind international standards exists if we don’t innovate and adopt a robust CBDC.

Building resilience through technology is something that all businesses should have started thinking about or better yet, actioning, yesterday. As we come into the digital age, businesses have to take the leap in letting go of the status quo.

The festive season means shopping, celebrating, and going on holiday – but unfortunately, it’s also Christmas time for the bad guys. When we conduct our business online, we give them more opportunities than ever to steal our money and our information.

Welcome to the first edition of the Grant Thornton Procurement Index which analyses the buying conditions facing businesses.

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.

The reasons to close or exit a business will be different for every owner, but they largely fall into two scenarios: an exit through natural succession in the normal lifecycle of a business or through ‘forced’ circumstances.

Now that covid has reared its ugly head in the community again, the already volatile and cyclical nature of the property and construction industry is further exacerbated. However, it’s an ideal time for these businesses to focus on the factors within their control rather than being burdened by the macro challenges for which there is no quick fix.

Care worker shortage: Here comes the tipping point

Privy Council confirms directors’ duties are still owed for insolvent companies

Grant Thornton New Zealand is delighted to announce the appointment of three new partners who have been active participants and influencers in the NZ cloud market for over a decade.

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.

New Zealand needs more houses. Yet despite the simplicity of that goal, it’s been impossible to keep up with demand. This problem has persisted through both National and Labour Governments – several of each.

If you think the rental crisis doesn’t affect you, you’re wrong. Maybe you think you’re not affected because you own your own house, and you’re not a landlord. Wrong. New Zealand’s rental crisis isn’t only causing homelessness and poverty, it’s dragging down wages, stifling innovation and suppressing productivity for the whole country.

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.

New Zealand needs more houses. Yet despite the simplicity of that goal, it's been impossible to keep up with demand. This problem has persisted through both National and Labour Governments – several of each. As much as we might tinker around with the demand side of the equation, putting LVR restrictions up and down and tweaking interest rates, the gravity of the problem clearly lies with the supply side and our mindsets.