-
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.
-
Capital markets
You need corporate finance specialists experienced in international capital markets on your side if you’re buying or selling financial securities.
-
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.
-
Corporate insolvency
Our corporate investigation and recovery teams can help you manage insolvency situations and facilitate the best outcome.
-
Debt advisory
An optimal funding structure for your organisation presents unprecedented opportunities, but achieving this can be difficult without a trusted advisor.
-
Expert witness
Our expert witnesses analyse, interpret, summarise and present complex financial and business-related issues which are understandable and properly supported.
-
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.
-
Forensic and investigation services
We provide investigative accounting and litigation support services for commercial, matrimonial, criminal, business valuation and insurance disputes.
-
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.
-
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.
-
Mergers and acquisitions
Grant Thornton provides strategic and execution support for mergers, acquisitions, sales and fundraising.
-
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.
-
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.
-
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
-
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.
-
Virtual asset advisory
Helping you navigate the world of virtual currencies and decentralised financial systems.
-
Corporate tax
Grant Thornton can identify tax issues, risks and opportunities in your organisation and implement strategies to improve your bottom line.
-
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
-
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.
-
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
-
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.
-
Research and Development
R&D tax incentives are often underused and misunderstood – is your business maximising opportunities for making claims?
-
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.
-
Tax governance
Mitigate tax risks and implement best practice governance that will stand up to IRD scrutiny and audits.
-
Transfer pricing
Tax authorities are demanding transparency in international arrangements. We businesses comply with regulations and use transfer pricing as a strategic planning tool.
-
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
-
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.
-
Financial reporting advisory
Our financial reporting advisers have the expertise to help you deal with the constantly evolving regulatory environment.
-
Business architecture
Our business architects help businesses with disruptive conditions, business expansion and competitive challenges; the deployment of your strategy is critical to success.
-
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.
-
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.
-
IT advisory
Our hands on product experience, extensive functional knowledge and industry insights help clients solve complex IT and technology issues
-
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
-
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.
-
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.
-
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
-
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
-
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.
-
Risk management
We understand that growing companies need to establish robust internal controls, and use information technology to effectively mitigate risk.
-
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.
Funding to train more general practitioners is top of the Budget wish list for Pam Newlove, Business Advisory Partner. Why? Because our GP workforce is in crisis.
Half our GPs are nearing retirement, we don’t have enough graduate GPs, and demand is only increasing, according to the Royal New Zealand College of General Practitioners (RNZCGP).
Demand is growing, supply is falling
Our aging population and changing models of care is increasing demand for general practitioners. According to the 2020 Health and Disability System Review, there is a trend toward moving healthcare from the secondary sector to the primary sector, which helps improve equity of care for vulnerable and underrepresented populations. Yet, while the demand for GPs rises, the population of GPs is being squeezed at both ends.
First, they’re retiring at a rapid rate, with 50% of all GPs saying they’re planning to retire over the next 10 years. The pandemic has brought forward that retirement decision for many people in primary care, as they’ve struggled with a lack of support and recognition.
The number of GPs per 100,000 New Zealanders is projected to fall from 74 to 70 over the decade, according to the 2021 GP Future Workforce Retirement Report. That does not compare favourably with Australia’s 116 GPs per 100,000.
Second, we’re training too few GPs. New Zealand enrolled 2,876 medical students in 2021 at our two medical schools, according to Medical Deans research. In comparison, Australia’s 21 medical schools enrolled 18,157 people in 2021. Australia has five times our population, but it’s training more than six times as many doctors. We lose a reasonable number of potential medical students to Australia too – when there isn’t room for them at our medical schools in Otago or Auckland, they often enrol in Australian schools and some ultimately decide to live and practice there.
Crunching the numbers: More funding is needed to train 50% more GPs each year, but the payoff is massive
Our current training intake for GPs is 200 a year, and we need at least 300 a year to meet the forecast shortfall. To support this additional number of trainees, universities need some extra funding, and an extra 100 general practices should be incentivised to take on first-year registrars. The time and cost for these incentives are significant, but the return on investment will be substantial.
Calculations by the RNZCGP estimate the extra GPs would generate a net benefit to our economy of $139.6 million, after deducting the $10.4 million it would cost to train them. For every dollar spent on training a GP, we’d get $4 in national benefits. To put it in a more human context, an extra 10 GPs per 100,000 Kiwis would mean an estimated 30 fewer deaths each year from cancer, respiratory, and cardiovascular issues. Training more GPs would also help us develop a more diverse GP workforce, which has been shown to materially improve health equity.
Money versus flexibility and community connections
We also need to do more to show medical students the upsides of choosing to be in primary care rather than specialising. Money is a factor – GPs make perhaps 40% less than specialists when they graduate, and that’s a strong disincentive. It would be good to see that change.
It’s not all about the money, though. There are some major upsides to being a GP, particularly in terms of flexibility, community connections and work-life balance. The value of these factors is hard to quantify, but to be able to appreciate the benefits, students need exposure to opportunities in primary care, particularly in rural communities where our GP shortage is the most severe. We need to incentivise general practices to take on registrars, which may mean more funding to compensate for the time and money they invest in training new GPs.
GPs also make a huge difference to national health, and not only as first points of connection to the healthcare system. This has been clearly evident throughout pandemic, where GP practices delivered around a quarter of covid vaccines and demonstrated their ability to pivot into e-prescribing and online consultations. As our healthcare model pushes more work onto the primary care sector, this influence is set to rise even further. Yet right now it’s already difficult for many people to get an appointment to see their GP; as our shortage worsens, this problem will only become more acute.
Primary healthcare cannot be left behind in yet another Budget.
If we invest in primary care, every New Zealander will experience the benefits. We all understand you can’t fix the entire healthcare system by simply throwing money at it, but in Budget after Budget primary care is left behind. GPs and their practices are left trying to deliver more services to more people with fewer resources - both financial and human. It’s an issue that’s been a blot on the healthcare horizon for years. We’re hurtling towards that horizon at speed. The blot is getting bigger. The time for action was yesterday.
