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To further compound the challenges of yet another year marred by disruption, tax authorities have made it loud and clear they still expect to see cross border related party transactions priced according to the arms-length principle - creating a top priority list item for every entity transacting cross-border with related parties.

Take a look into the future of the climate crisis and what New Zealand could do to achieve a sustainable future.

The new Waste Minimisation (Information Requirement) Regulations 2021 make it mandatory for waste management facilities to keep records about the waste they’re receiving and where it’s going. Signpost of the direction the Government is taking with waste management – something that will have an impact on not only every local council, but every Kiwi household as well.

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 final Business Adviser issue for 2021 reveals why businesses large and small are struggling to comply with the Holidays Act 2003. Find out how your business should be accounting for software as a service (SaaS), and how climate-related reporting can boost your organisation’s value proposition. Download you copy for these stories and more.

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.

Our latest edition of Business Adviser reveals a crisis rapidly approaching the aged care sector, and some quick tips for construction businesses operating in a covid-impacted economy. Find out how to prevent invoice fraud in your organisation, and read about a recent court case which highlights the importance of directors’ duties.

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.

Family Business Survey 2021

Care worker shortage: Here comes the tipping point

In this issue of Business Adviser we cover how the fringe benefit tax rate increase will affect your business and changes to the Incorporated Societies Act. We also offer our insights into various areas of Budget 2021 and new legislation for sale and purchase agreements.