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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
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Debt advisory
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Independent business review
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IT forensics
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Raising finance
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Relationship property services
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Transaction advisory
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Virtual asset advisory
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Corporate tax
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Global mobility services
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International tax
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Research and Development
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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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Mitigate tax risks and implement best practice governance that will stand up to IRD scrutiny and audits.
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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
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Cloud services
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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
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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
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Process improvement
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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.
Budget 2014: Patience for Christchurch provisions
It occurred to me this week that I have now had my work laptop for just over three years. Most people probably wouldn’t remember a detail like that but for my colleagues and me it is easy. Our current laptops were issued almost immediately after the February 2011 earthquake that resulted in most of our IT equipment being lost in the demolition of the Grant Thornton building in Cathedral Square.
If only everything else could be replaced as quickly. If there is one thing that Cantabrians have learned, it’s the need for patience. Many red-zoners and others are still waiting for a satisfactory conclusion to settlement of their property claims. Most of the Christchurch CBD remains as vacant lots, with a number of significant demolitions still to be carried out. The islands of activity that do exist are themselves fraught with delays.
There is still a significant amount of infrastructure work to be carried out. Although such work is less inspiring than seeing new houses, offices and restaurants go up, and (with over 40 sites being worked on in the CBD) creates commuting carnage, it is a vital part of the recovery.
Recent reports suggest that there is still $1.77 billion of “horizontal infrastructure” work to be carried out. City councillors have been told that there’s only $1.36 billion left in the Budget, although Earthquake Recovery Minister, Gerry Brownlee, disputes the figures (1). Regardless, the amount of infrastructure spend appears to be a moving feast, and one must ask what provision will be made in this year’s Budget to ensure that Christchurch rebuilds itself to full capacity.
On the positive side, figures released in the Canterbury Development Corporation’s “Canterbury Report”(2) show that economic activity in Canterbury far exceeds that of the New Zealand average, with a 6.6% increase in local GDP during the year ending December 2013, including growth in: the construction sector (15.7%); professional, scientific and technical services (8.2%); retail trade (8.2%), and accommodation, cafes and restaurants (7.5%). Associated with this comes strong retail trade, low unemployment, and strong migration.
While that provides a return to the Government’s books in the form of higher tax receipts, much of the growth is acknowledged as being temporary and one-off as the city rebuilds. The real question is: what is it that will result from the current hive of activity as a lasting legacy and future driver of the Canterbury economy?
A continued understanding of, and funding for, Canterbury’s situation and requirements must be maintained by the Government. For anyone not in amongst it, the earthquakes may seem like yesterday’s news; after all, the last big ones were three years ago. But for those of us still living in inadequate housing, driving on roller-coaster roads, and working in deficient “temporary” workplaces, it’s still a reality.
After three years, my laptop is starting to show signs of its age, including sluggish performance. Ironically, our IT man has suggested it may need a “rebuild”. Let’s not allow the pace of the rebuild of Canterbury to decelerate.
1The Press, 2 May 2014, p3
2 The Canterbury Report, Canterbury Development Corporation, Autumn 2014
Further enquiries, please contact:
Geordie Hooft
Grant Thornton New Zealand Partner, Tax and Privately Held Business
T +64 (0)3 964 6828
E geordie.hooft@nz.gt.com