-
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.
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