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Compliance and audit reviews
From mandates, best practice procedures or accreditations, to simply gaining peace of mind, our technical and industry experts have you covered.
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External audit
Strengthen business and stakeholder confidence with professionally verified results and insights.
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Financial reporting advisory
Deep expertise to help you navigate New Zealand’s constantly evolving regulatory environment.
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Corporate tax
Identify tax issues, risks and opportunities in your organisation, and implement strategies to improve your bottom line.
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Indirect tax
Stay on top of the indirect taxes that can impact your business at any given time.
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Individual tax
Preparing today to help you invest in tomorrow.
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Private business tax structuring
Find the best tax structure for your business.
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Tax disputes
In a dispute with Inland Revenue or facing an audit? Don’t go it alone.
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Research & development
R&D tax incentives are often underused and misunderstood – is your business maximising opportunities for making claims?
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Management reporting
You’re doing well, but could you be doing even better? Discover the power of management reporting.
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Financial reporting advisory
Deep expertise to help you navigate New Zealand’s constantly evolving regulatory environment.
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Succession planning
When it comes to a business strategy that’s as important as succession planning, you can’t afford to leave things to chance.
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Trust management
Fresh perspectives, practical solutions and flexible support for trusts and estate planning.
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Forecasting and budgeting
Prepare for every likely situation with robust budgeting and forecasting models.
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Outsourced accounting services
An extension of your team when you need us, so you can focus your time, energy and passion on your business.
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Setting up in New Zealand
Looking to set up a business in New Zealand? You’ve come to the right place.
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Policy reviews & development
Turn your risks into strengths with tailored policies that protect, guide and empower your business.
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Performance improvement
Every business has untapped potential. Unlock yours.
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Programme & project management
Successfully execute mission-critical changes to your organisation.
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Strategy
Make a choice about your vision and purpose, where you will play and how you will win – now and into the future.
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Risk
Manage risks with confidence to support your strategy.
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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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Data analytics
Use your data to make better business decisions.
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IT assurance
Are your IT systems reliable, safe and compliant?
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Cyber resilience
As the benefits technology can deliver to your business increases, so too do the opportunities for cybercriminals.
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Virtual asset advisory
Helping you navigate the world of virtual currencies and decentralised financial systems.
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Virtual CSO
Security leadership and expertise when you need it.
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Debt advisory
Raise, refinance, restructure or manage debt to achieve the optimal funding structure for your organisation.
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Financial modelling
Understand the impact of your decisions before you make them.
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Raising finance
Access the best source of funding for your business with a sound business strategy and rigorous planning.
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Business valuations
Valuable decisions require valued insights.
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Complex and international services
Navigate the complexities of multi-jurisdictional insolvencies.
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Corporate insolvency
Achieve fair and orderly outcomes if your business – or part of it - is facing insolvency.
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Independent business review
Is your business viable today? Will it be viable tomorrow? Give your business a health check to find out.
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Litigation support
Straight forward advice from trusted advisors to support litigation and arbitration matters, expert determinations and other specialist hearings.
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Business valuations
Valuable decisions require valued insights.
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Forensic accounting & dispute advisory
Understand the true values, numbers and dollars at stake, as well as your obligations and rights to ensure value is preserved and complexities are managed.
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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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Investigation services
A fast and customised response when misconduct occurs in your business.
New Zealand business owners look inwards for successors
New Zealand business owners are ranked among the highest in the world in their desire to have existing staff to buy their businesses.
The latest research by accounting firm Grant Thornton showed that 64% of New Zealand business owners are relying on staff to buy their businesses. Only Japan and the Philippines (68%) had higher figures amongst the 45 countries surveyed.
Pam Newlove, Chair of Grant Thornton New Zealand’s Board, said that such a high figure highlights the importance of business owners having a comprehensive, long-term, plan in place, to ensure this will happen.
"One of the big pressures on businesses at present is retaining staff. Unemployment is down to 6%, one of the lowest figures for several years, so holding on to staff is the first priority.
“This means key talent must be nurtured. To retain staff from Generation X and Y, employers will need to be innovative in their management styles. This may come as a surprise to more traditional thinking business leaders.
“Buying a business is not a spur of the moment consideration. Owners need to be asking themselves today: ‘Is there a staff member capable of running this business? Would they want to? How will they finance it? And how many years will it be till they are ready to take over?’
"And that’s really just the start."
Newlove said that it is a particularly important subject in New Zealand because of the high number of privately owned businesses looking to change hands in the next 10 years.
"Our most recent research shows that a staggering 69% are looking to do so. We are an economy based on small businesses so that is an enormous amount of change, mainly relying on existing staff to step up and stump up the money.
“It’s interesting that so many business owners consider that there is such talent within the business and that those employees will have the desire to make the ownership commitment.
“Therefore it’s important that business owners sit down with the desired employee to investigate suitability, appetite and to plan the future transition.”
Further enquiries, please contact:
Pam Newlove
Chair, Grant Thornton New Zealand Board
Grant Thornton New Zealand Ltd
T +64 (0)9 308 2579
M +64 (0)27 692 0271
E pam.newlove@nz.gt.com