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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
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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
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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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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Mitigate tax risks and implement best practice governance that will stand up to IRD scrutiny and audits.
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Transfer pricing
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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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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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Business architecture
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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
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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
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Project assurance
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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.
Skill shortages likely to blight South Island optimism
Bullish economic optimism among South Island businesses could soon be tempered, with nearly 50% of businesses citing the availability of skilled workers as a concern, according to the Grant Thornton International Business Report (IBR).
This compares with 28% for the North Island.
Simon Carey, partner at Grant Thornton New Zealand, said the fact that 23% of South Island businesses indicated that the skill shortage was a major constraint, compared with only 5% for the North Island, indicted the potential severity of the problem.
“The biggest concern is that this skill shortage is only likely to get worse in 2014,” said Carey.
“With construction in Auckland and Christchurch expected to accelerate next year, alongside other favourable trading conditions, some economists are predicting the economy to grow by 4% in 2014.
“Couple this with the fact that the Australian economy is starting to pick up again, and we can see even more pressure mounting on our skill shortage.
“The good news is that 74% of South Island firms and 69% of North Island firms are optimistic about the country’s economic outlook over the next 12 months, with 23% (SI) and 15% (NI) being very optimistic,” he said.
These optimism figures are supported throughout the survey with South Island firms expecting to generate a greater increase in selling prices than North Island companies (48% to 37%), employ more staff (42% to 32%), invest in plant and machinery (55% to 51%) and pay higher wages, with 85% of South Island businesses looking to increase salaries in line with or above inflation compared with 82% for the North Island.
“The massive rebuild of Christchurch will only really kick off next year. Couple this with an anticipated dairy boom in the South Island, underpinned by giant irrigation projects such as Central Plains Water in Canterbury and the proposed Hunter Downs in South Canterbury, and it’s likely optimism will remain strong for several years.
“But the lack of skilled workers will be a handbrake, both for the South and North Island.
“With the momentum of the economy picking up, the escalating demand for skills will put pressure on wages, pricing, and, ultimately, inflation,” he said.
Further enquiries, please contact:
Simon Carey
Grant Thornton Partner, Privately Held Business
T +64 3 964 6812
M +64 (0)21 665 708
E simon.carey@nz.gt.com