-
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.
New Zealand has soared to sixth in the world for business optimism, its highest ranking since 2010 with the mature economies of the United Kingdom and the United States starting to drive global business growth, according to new research from Grant Thornton’s International Business Report (IBR).
The gap between New Zealand and Australian business confidence remains wide with only a net 23% (26th in the survey) of Australian businesses feeling upbeat compared with 64% of New Zealand businesses.
Of the 45 countries surveyed New Zealand ranks sixth in confidence at 64%, behind Philippines 96%, United Arab Emirates 84%, Denmark 76%, United Kingdom 76% and Peru 74%.
Simon Carey, partner at Grant Thornton New Zealand, said that New Zealand is now reaping the benefits of some sensible government management of the economy as a result of the Global Financial Crisis.
“The economy has remained pretty steady over the last couple of years but we are now building a solid foundation for fruitful economic gains in the years ahead, with some economists picking a 4% growth for the New Zealand economy next year,” he said.
The ‘U-turn’ in sentiment by the United Kingdom and the United States suggests a shift in the global dynamic, with business growth opportunities set to increase in mature economies while emerging nations adjust to the prospect of slower growth than in recent years.
However, Carey warns that further partisanship in the United States over the budget and debt ceiling could yet derail the global economy over the next few months.
The IBR reveals United Kingdom business optimism has shot up from net 34% in Q2 this year to 76% in Q3. That is the highest figure ever recorded for the United Kingdom in 22 years of IBR research, and makes its business community the third most optimistic in the 45-economy survey. Business optimism in the United States remains high too, at 52% in Q3 although marginally down from 55% in Q2.
By comparison, businesses in emerging economies are markedly less confident. Brazilian optimism fell from 43% to 31% in the last quarter, a record low, while across Latin America as a whole optimism fell from 48% to 38% - its lowest since 2009. Elsewhere, Indian optimism (57%) fell to its lowest since 2003; Russia slid from 28% to 19%; Turkey (6%) dropped to its lowest since the financial crisis; and South Africa hit an all-time low of 18%. Despite a record low of 4% in Q2 China seems to be one step ahead of the other major emerging nations with business optimism improving to 31% in Q3.
Carey said that the results highlight a subtle but significant shift in global economic growth patterns, with some rebalancing towards developed markets like the United Kingdom and the United States.
“Together these two economies account for a quarter of global output so any recovery should have positive repercussions around the world.
“China’s growth in optimism is also good news for New Zealand and Australia. While the United Kingdom and the United States remain very important for Kiwi businesses China is the ‘whale in the goldfish bowl’ and any lift in positivity for that country will have positive flow-on effects for New Zealand,” he said.
The report warned businesses should not write off emerging economies in their search for growth, but the results highlight the reversal of fortunes in developed countries. The BRICs and other frontier markets need to tackle issues such as rising inflation and substandard infrastructure if they are to maintain the rapid growth we’ve seen in recent years and avoid the so-called 'middle income trap'.
Further enquiries, please contact:
Simon Carey
Grant Thornton Partner, Privately Held Business
T +64 3 3 964 6812
M +64 (0)21 665 708
E simon.carey@nz.gt.com