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Business valuations
We offer expert valuation advice in transactions, regulatory and administrative matters, and matters subject to dispute – valuing businesses, shares and intangible assets in a wide range of industries.
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Capital markets
You need corporate finance specialists experienced in international capital markets on your side if you’re buying or selling financial securities.
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Complex and international services
Our experience of multi-jurisdictional insolvencies coupled with our international reputation allows us to deliver the best possible outcome for all stakeholders.
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Corporate insolvency
Our corporate investigation and recovery teams can help you manage insolvency situations and facilitate the best outcome.
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Debt advisory
An optimal funding structure for your organisation presents unprecedented opportunities, but achieving this can be difficult without a trusted advisor.
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Expert witness
Our expert witnesses analyse, interpret, summarise and present complex financial and business-related issues which are understandable and properly supported.
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Financial models
A sound financial model will help you understand the impact of your decisions before you make them. Talk to us about our user-friendly models.
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Forensic and investigation services
We provide investigative accounting and litigation support services for commercial, matrimonial, criminal, business valuation and insurance disputes.
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Independent business review
Is your business viable? Will it remain viable in the future? A thorough independent business review can help your organisation answer these fundamental questions.
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IT forensics
Effective ESI analysis is integral to the success of your business. Our IT forensics experts have the technical expertise to identify, preserve and interrogate electronic data.
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Mergers and acquisitions
Grant Thornton provides strategic and execution support for mergers, acquisitions, sales and fundraising.
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Raising finance
Raising finance - funders value partners who can deliver a robust financial model, a sound business strategy and rigorous planning. We can guide you through the challenges that these transactions can pose and help you build a foundation for long term success once the deal is done.
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Relationship property services
Grant Thornton offers high quality independent advice on the many financial issues associated with relationship property from considering an individual financial issue to all aspects of a complex settlement.
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Restructuring and turnaround
Grant Thornton’s restructuring and turnaround service capabilities include cash flow, liquidity management and forecasting; crisis and interim management; financial advisory services to companies and parties in transition and distress
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Transaction advisory
Our depth of market knowledge will steer you through the transaction process. Grant Thornton’s dynamic teams offer range of financial, commercial and operational expertise.
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Virtual asset advisory
Helping you navigate the world of virtual currencies and decentralised financial systems.
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Corporate tax
Grant Thornton can identify tax issues, risks and opportunities in your organisation and implement strategies to improve your bottom line.
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Employment tax
Grant Thornton’s advisers can help you with PAYE (payroll tax), Kiwisaver, fringe benefits tax (FBT), student loans, global mobility services, international tax
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Global mobility services
Our team can help expatriates and their employers deal with tax and employment matters both in New Zealand and overseas. With the correct planning advice, employee allowances and benefits may be structured to avoid double taxation and achieve tax savings.
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GST
GST has the potential to become a minefield and can be expensive when it goes wrong. Our technical knowledge can help you minimise the negative impact of GST
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International tax
International tax rules are undergoing their biggest change in a generation. Tax authorities around the world are increasingly vigilant, especially when it comes to global operations.
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Research and Development
R&D tax incentives are often underused and misunderstood – is your business maximising opportunities for making claims?
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Tax compliance
Our advisers help clients manage the critical issue of compliance across accountancy regulations, corporation law and tax. We also offer business and wealth advisory services, which means we can provide a seamless and tax-effective offering to our clients.
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Tax governance
Mitigate tax risks and implement best practice governance that will stand up to IRD scrutiny and audits.
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Transfer pricing
Tax authorities are demanding transparency in international arrangements. We businesses comply with regulations and use transfer pricing as a strategic planning tool.
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Audit methodology
Our five step audit methodology offers a high quality service wherever you are in the world and includes planning, risk assessment, testing internal controls, substantive testing, and concluding and reporting
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Audit technology
We apply our audit methodology with an integrated set of software tools known as the Voyager suite. Our technology has been developed to produce quality audits that are effective and efficient.
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Financial reporting advisory
Our financial reporting advisers have the expertise to help you deal with the constantly evolving regulatory environment.
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Business architecture
Our business architects help businesses with disruptive conditions, business expansion and competitive challenges; the deployment of your strategy is critical to success.
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Cloud services
Leverage the cloud to keep your data safe, operate more efficiently, reduce costs and create a better experience for your employees and clients.
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Internal audit
Our internal audits deliver independent assurance over key controls within your riskiest processes, proving what works and what doesn’t and recommending improvements.
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IT advisory
Our hands on product experience, extensive functional knowledge and industry insights help clients solve complex IT and technology issues
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IT privacy and security
IT privacy and security should support your business strategy. Our pragmatic approach focuses on reducing cyber security risks specific to your organisation
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Payroll assurance
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.
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PCI DSS
Our information security specialists are approved Qualified Security Assessors (QSAs) that have been qualified by the PCI Security Standards Council to independently assess merchants and service providers.
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Process improvement
As your organisation grows in size and complexity, processes that were once enabling often become cumbersome and inefficient. To maintain growth, your business must remain flexible, agile and profitable
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Procurement/supply chain
Procurement and supply chain inputs will often dominate your balance sheet and constantly evolve for organisations to remain competitive and meet changing customer requirements
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Project assurance
Major programmes and projects expose you to significant financial and reputational risk throughout their life cycle. Don’t let these risks become a reality.
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Risk management
We understand that growing companies need to establish robust internal controls, and use information technology to effectively mitigate risk.
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Robotic process automation (RPA)
RPA is emerging as the most sophisticated form of automation used to help businesses become more agile and remain competitive in the face of today’s ongoing digital disruption.
Summary: Budget 2021
21 May 2021The key priority in this year’s Budget is the long-term wellbeing of New Zealanders.
The Government has reported that the country’s recovery from the biggest economic contraction in our history has been faster than expected, and that this was supported by a strong and early Covid response. The main areas of focus in Budget 2021 are to:
- continue to keep Aotearoa New Zealand safe from COVID-19
- accelerate the recovery and rebuild from the impacts of COVID-19
- lay the foundations for the future; this includes addressing key issues such as climate change responses, housing affordability and child poverty.
Key highlights
New Zealand’s strong recovery is expected to continue.
The Treasury forecasts annual average real GDP growth of 2.9 percent in the year ending June 2021, rising further to 3.2 percent and 4.4 percent in the following years.
The Wage Subsidy Scheme, which supported nearly 1.8 million jobs by helping people to stay connected to their employers, helped to prevent a rapid increase in unemployment. The unemployment rate increased to only 5.2 percent in the September 2020 quarter, before declining to 4.7 percent in the March 2021 quarter.
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The key initiatives of the Budget are:
- Lifting weekly main benefit rates by between $32 and $55 per adult to tackle inequality and child poverty, as well as reinstating the Training Incentive Allowance
- $300 million to recapitalise New Zealand Green Investment Finance to continue to invest in support of climate change mitigation, with a particular focus on decarbonising public transport, waste and plastics
- Infrastructure investment totals $57.3 billion over the next five years, and to increase housing supply we are investing $3.8 billion in a Housing Acceleration Fund
- Just under $1.5 billion allocated for the COVID-19 Vaccine and Immunisation Programme, which provides fully funded, free COVID-19 vaccines
Investing $4.7 billion in health, which includes more funding for PHARMAC, plus the transition to a new health system and establishment of a Māori Health Authority
Future of work
Enabling all New Zealanders and New Zealand businesses to benefit from new technologies and lift productivity and wages through innovation, and support into employment those most affected by COVID-19, including women and young people.
Through the 2021 Budget the Government will continue to invest heavily in education, skills and training. For example, by providing a digital skills programme and training support to industries, business and workers have the skills they need to succeed in an increasingly evolving digital environment.
Māori and Pacific
Lifting Māori and Pacific incomes, skills and opportunities and combatting the impacts of COVID-19.
Through the 2021 Budget the Government will support Maori and Pacific peoples, particularly in housing and health, to develop solutions that are driven by Maori and Pacific communities.
COVID-19 response and recovery fund
To support the Governments ongoing rebuild from COVID-19, they have funded the $3.8 billion Housing Acceleration Fund from the CRRF. Just as we have stamped out community spread and supported businesses and workers.
$5.1 billion remains in the CRRF as a contingency to respond to further outbreaks, should they occur, and to continue our economic rebuild.
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Keeping New Zealanders safe from COVID-19
COVID-19 vaccine rollout
Another top priority for Government this year is to ensure all New Zealanders who wish to, are able to get free, fair and equitable access to a COVID-19 vaccine. It has already allocated $1.5 billion from the CRRF to support the rollout of the COVID-19 vaccine programme in New Zealand. This will provide enough of the Pfizer vaccine for all New Zealanders who want to get the two doses they need to be protected, free of charge.
Accelerating the recovery and rebuild
The Government is driving economic recovery through investment in business, infrastructure, and tourism support.
Ongoing Investment in Infrastructure: $57.3b capital
There will be Crown infrastructure investment over the next four years totalling $57.3 billion. Infrastructure is at the core of New Zealand’s economic recovery plan. At the beginning of this term, the Government already had $42 billion of infrastructure investment in progress over the next four years in roads and rail, schools and hospitals, housing and energy generation – Budget 2021 adds considerably to this investment.
Tourism Communities: Support, Recovery and Re-set Plan: $200m operating and capital
Funded from the COVID-19 Response and Recovery Fund, the $200 million Tourism Communities: Support, Recovery and Re-set Plan provides support for those communities that are most reliant on international tourism, as well as for the tourism sector nationwide, to enable the reset of tourism in response to COVID-19 to be more sustainable and resilient.
Small Business Digital Training, Advisory and Support Programme: $44m
This funding will enable a partnership with the private sector to deliver a two-year nationwide programme to supply core digital business skills training to New Zealand small businesses.
Laying the foundations for a better future
Main benefit increases to tackle inequality and child poverty
The Government is lifting weekly main benefit rates by between $32 and $55 per adult to bring these in line with a key recommendation of the Welfare Expert Advisory Group and provide an additional boost to families with children.
Housing Acceleration Fund: $2.1b operating and $1.7b capital
The Government is committed to increasing the pace and scale of new housing supply by supporting the provision of infrastructure and housing and expanding the Land for Housing Programme. This initiative is funded from the CRRF, as part of the ongoing rebuild from COVID-19.
Source: https://www.treasury.govt.nz/sites/default/files/2021-05/b21-at-a-glance.pdf
