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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.
Do optimism figures herald true or false dawn?
While recent research both in New Zealand and globally points to rising business optimism, Grant Thornton New Zealand partner, Greg Thompson, looks at the strength of this confidence and wonders if in fact it is not just another “false dawn.”
According to the latest research from the Grant Thornton International Business Report (IBR), a quarterly survey of 3,000 businesses in 40 countries.
“During the first quarter business confidence in New Zealand rose from 36% to 45% compared with the last quarter of 2011 while overseas the lift was even stronger with business optimism in the G7 countries rising by 28 percentage points from -12% in Q4-2011 to 16% in Q1-2012.
“The increase in optimism in the United States – where optimism increased by 45 percentage points, from just 1% in Q4-2011 to 46% in Q1-2012 – is a major factor. Meanwhile, businesses in Japan (-53%) and Europe (-4%) remain pessimistic, but both have seen improvements over the last quarter.
“However, looking back at results over the past 12 months tells a more sobering story. New Zealand’s optimism figures are almost identical to this time last year, 45% compared with 44%, yet is the country better off than this time last year?
“When you look at Government and the fiscal drag of the Christchurch rebuild, you would have to say no. The much promised stimulus coming from that rebuild seems to move further away with each day. What was hoped to start in earnest in the last quarter of 2011 is now being pushed out as far as the third quarter of 2013 by some observers.
“And while experts, including most recently the International Monetary Fund, are saying that the New Zealand dollar is overvalued up to 20%, it has remained at these levels for such a long time that some are wondering if it will ever retreat to more export-friendly levels,” he said.
Thompson said that he did not want to sound overly pessimistic, more realistic when considering the macro economic factors that influence the New Zealand economy rather than the emotional triggers that affect confidence.
“While Europe and its debt problems will be on-going for some time, the economic recovery in the United States, borne out by brighter GDP and employment data, seems to have really gained momentum in the last quarter.
“There is also good news in the New Zealand figures. Access to, and the cost of, finance appears much less of a problem that it did three months ago with the cost of finance less of a concern (-12%), a shortage of capital (-2%) and a shortage of long-term finance (-12%) all showing positive signs.
“Battling with red tape remains a problem with an increase of 4% in the number of businesses citing it as an inhibiting factor.
“The other good news is on the wages front with 22% of employers expecting to give a pay rise above inflation, 51% in line with inflation and 24% no pay rise at all. The other good news is that no employer is contemplating reducing wages.
“Business behaviours currently do not reflect the likelihood of a positive improvement in the outlook for the New Zealand economy, but at least with a confidence that things will improve, business is poised to take advantage of any opportunities which may come their way,” Greg Thompson said.
Further enquiries, please contact:
Greg Thompson
Partner, Tax
Grant Thornton New Zealand Ltd
T +64 (0)4 495 3775
M +64 (0)21 281 7332
E greg.thompson@nz.gt.com