-
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.
-
External audit
Strengthen business and stakeholder confidence with professionally verified results and insights.
-
Financial reporting advisory
Deep expertise to help you navigate New Zealand’s constantly evolving regulatory environment.
-
Corporate tax
Identify tax issues, risks and opportunities in your organisation, and implement strategies to improve your bottom line.
-
Indirect tax
Stay on top of the indirect taxes that can impact your business at any given time.
-
Individual tax
Preparing today to help you invest in tomorrow.
-
Private business tax structuring
Find the best tax structure for your business.
-
Tax disputes
In a dispute with Inland Revenue or facing an audit? Don’t go it alone.
-
Research & development
R&D tax incentives are often underused and misunderstood – is your business maximising opportunities for making claims?
-
Management reporting
You’re doing well, but could you be doing even better? Discover the power of management reporting.
-
Financial reporting advisory
Deep expertise to help you navigate New Zealand’s constantly evolving regulatory environment.
-
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.
-
Trust management
Fresh perspectives, practical solutions and flexible support for trusts and estate planning.
-
Forecasting and budgeting
Prepare for every likely situation with robust budgeting and forecasting models.
-
Outsourced accounting services
An extension of your team when you need us, so you can focus your time, energy and passion on your business.
-
Setting up in New Zealand
Looking to set up a business in New Zealand? You’ve come to the right place.
-
Policy reviews & development
Turn your risks into strengths with tailored policies that protect, guide and empower your business.
-
Performance improvement
Every business has untapped potential. Unlock yours.
-
Programme & project management
Successfully execute mission-critical changes to your organisation.
-
Strategy
Make a choice about your vision and purpose, where you will play and how you will win – now and into the future.
-
Risk
Manage risks with confidence to support your strategy.
-
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.
-
Data analytics
Use your data to make better business decisions.
-
IT assurance
Are your IT systems reliable, safe and compliant?
-
Cyber resilience
As the benefits technology can deliver to your business increases, so too do the opportunities for cybercriminals.
-
Virtual asset advisory
Helping you navigate the world of virtual currencies and decentralised financial systems.
-
Virtual CSO
Security leadership and expertise when you need it.
-
Debt advisory
Raise, refinance, restructure or manage debt to achieve the optimal funding structure for your organisation.
-
Financial modelling
Understand the impact of your decisions before you make them.
-
Raising finance
Access the best source of funding for your business with a sound business strategy and rigorous planning.
-
Business valuations
Valuable decisions require valued insights.
-
Complex and international services
Navigate the complexities of multi-jurisdictional insolvencies.
-
Corporate insolvency
Achieve fair and orderly outcomes if your business – or part of it - is facing insolvency.
-
Independent business review
Is your business viable today? Will it be viable tomorrow? Give your business a health check to find out.
-
Litigation support
Straight forward advice from trusted advisors to support litigation and arbitration matters, expert determinations and other specialist hearings.
-
Business valuations
Valuable decisions require valued insights.
-
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.
-
Expert witness
Our expert witnesses analyse, interpret, summarise and present complex financial and business-related issues which are understandable and properly supported.
-
Investigation services
A fast and customised response when misconduct occurs in your business.
Collaboration must occur in the Not for Profit sector throughout both Australia and New Zealand otherwise many organisations will cease to exist, according to a comprehensive report on the sector entitled ‘Doing good and doing it well?’ undertaken by Grant Thornton.
With 176 people for every registered charity in New Zealand, the Not for Profit sector is well overdue for reform and change.
Brent Kennerley, Grant Thornton New Zealand’s Head of Not for Profit, said that like minded organisations sharing similar visions, beneficiaries or perhaps those regionally based, may well have to consider mergers, amalgamations or just start with better collaboration to ensure their survival.
“Funding continues to be the most significant challenge facing Not for Profits and unless there was some form of rationalisation casualties would be inevitable.
“The report identifies that most New Zealand respondents (84%) were almost constantly looking for innovative ways to generate revenue with 80% saying that finding consistent, regular sources of funding was increasingly difficult and 59% looking to outside sources to help them find new ways to generate revenue.
“The Australian response is strikingly similar. Eighty-six per cent are constantly looking for new ways to generate funds, 76% report that finding consistent sources of funding is increasingly difficult and 65% look to outside sources to find new ways to generate new funds.
“There is the obvious redistribution of funding back into core-services rather than continuing to pay increased administrative costs that will help, but collaboration also brings sharing of ideas, learning and opportunities for all organisations involved – it is a win-win situation,” he said.
The survey, which included 416 Not for Profit organisations in Australia and New Zealand, is one of the most comprehensive undertaken in the sector on an Australasian-wide basis.
“Forty five percent of New Zealand and 16% of Australian Not for Profits could not plan for more than 12 months ahead based on their current funding and it was clear that many would not survive for more than six months if their current funding was not renewed,” Kennerley said.
The report said that with the pressures from the global financial crisis now mostly behind us, the state of the economy is not seen as a significant constraint on fundraising.
“For organisations that are hoping an improved economy may ease their funding pressures, this finding may come as sobering news.”
When compared with a similar report of New Zealand Not-For-Profit organisations in 2011, it would appear that organisations are trying to rely less on government funding.
“Many organisations have realised that they need to stand on their own and while all funding is acknowledged, they also recognise the time involved in administration of Government funding is such that the time can be better spent back in their core delivery of services.
“In 2011, government grants and contracts were the most significant funding source for 69% of New Zealand respondents. In 2013 this dropped to 53%, behind other grants and sponsorship (72%), fundraising (59%) and donations (57%).
“In Australia, government grants and contracts are the most prominent source of funding for 79% of respondents. Donations (69%), fundraising (62%), investment income (62%), other grants and sponsorship (61%), income from service provision (60%) and bequests (54%) are significant for over half the respondents, indicating that Australian organisations receive funding from more sources than their New Zealand counterparts.
“One of the greatest pressures on funding is the sheer number of Not for Profit organisations on both sides of the Tasman competing for a limited pool of money. Collaboration, ranging from sharing resources to merging and amalgamating, to using cloud technology is a significant opportunity and it needs to happen with some urgency. We are starting to see some leadership and movement in this area, but it does need to accelerate to and for rationalisation to occur,” Kennerley said.
Further enquiries, please contact:
Brent Kennerley
Partner & Head of Not for Profit
D +64 (0)4 495 3771
M +64 (0)21 656 246
E brent.kennerley@nz.gt.com