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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.
It’s been a rough ride for primary health care providers in New Zealand over the past few months to say the very least. At the beginning of lockdown in late March, they had just two days to transform their practices. Most went from delivering nearly 100% of their consultations in person, to delivering around 75% of these online.
A new way of operating that works for everyone?
Some silver linings have emerged from this crisis.
Every practitioner I’ve spoken with has said that during the very first week of conducting online consultations, they quickly realised that they should have made these changes years ago, and that they envisaged that the way they will work in the future will change for the better.
Primary care practitioners, like other professionals, now have a prime opportunity to reduce operating costs and increase margins by minimising the level of investment they currently make in infrastructure – a significant outgoing for most practices. Traditional bricks and mortar surgeries can be consolidated into shared premises for practitioners that can deliver a mix of in person appointments and online consultations. Consolidated practices will also increase the number of registered patients per practice.
With lower total costs, funding might go further.
The biggest difference will be in the ongoing acceptance and availability of online consults. We know that this will be taken up readily by many Kiwis – there’s a huge convenience factor. By staying home, seeing the doctor online and potentially having a contactless prescription delivered, we could help to reduce the spread of colds, flu, and of course the Coronavirus.
Some offshore labour could potentially be utilised, for instance in triaging, to bring down the cost of labour.
New and innovative ways of operating could also be a positive change for future practice owners. At present, we have an ageing demographic of practitioners and a shortage of people willing to buy their practices so they can retire. A new model of working may attract young doctors into practice ownership.
Missed opportunities by Government
Budget 2020 woefully lacked support for the primary healthcare sector; the Government failed to take advantage of the rapid progress practitioners made in terms of digital telehealth and didn’t appear to provide any incentives to enhance the gains already made in this area.
Without more support, some primary healthcare practices will be forced to close; many are just weeks away from completely running out of cash. A survey of 50 general practices throughout the Auckland region conducted by ProCare reveals that 48 are trading at a loss. The survey was carried out during lockdown level 4 and the results prompted General Practice New Zealand Chair Jeff Lowe to ask Health Minister David Clark for urgent additional funding.
We know from experience that when a GP practice closes, it rarely reopens. That service is lost to the local community and health tends to suffer as a result, contributing to the kind of healthcare inequality that we all want to avoid.
Now that we have entered alert level 1, GPs are almost certainly going to experience a massive influx of patients – a tsunami is the word some commentators have used.
Pent-up demand for medical treatment is not the same as the demand we have for other products and services. There is no bake-your-own bread equivalent for health diagnostics. For instance, it’s estimated that every month in New Zealand over 1,000 cancers are detected in routine screening tests. You can defer the testing, but the cancer will still be there. And that’s only one example; anyone who has been avoiding the doctor may have had their condition worsen during lockdown and all those people will now be converging on their local GP practice.
These patients will undoubtedly cause a bottleneck in the public health system along with those who have to cancel their health insurance after a job loss or business downturn.
All this after locums have had their hours reduced, or in many cases they’ve had their allocated sessions cancelled entirely. Those who have found work in other sectors will not be available if an upsurge in patients occurs. We may have lost them from the sector for good.
Supporting the sector that’s on the front line
The primary health care sector could see positive changes in the long run, but practices need immediate treatment for their cashflow shortages. While there are lots of opportunities for practitioners to consider, COVID-19 still ripped the band-aid off the financial challenges they have always faced.
We locked down the nation to save lives and ease the burden on our public health system, now it’s time to lock in some serious cash for a sector that’s on the front lines of this crisis.