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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.
Budget 2016: are the winds of change upon us?
Benjamin Franklin famously said, “when you’re finished changing, you’re finished”.
The Government is poised to deliver its eighth Budget, and potentially lay the ground work for a fourth term.
So is now the time for change?
Successive budgets have offered little in the way of surprise or stimulus, largely due to the influence of The Fiscal Responsibility Act 1994. Of course fiscal responsibility – and transparency - is important.
But for Governments, the balance between what you keep the same and what you change is, and must be, an art not a science.
If the time for change is now, where does a third-term Government start?
Socially, New Zealand is still grappling with two constituencies – the wealthy and the poor. John Key has indicated he wants to leave a legacy of addressing poverty, and both Key and Judith Collins have signalled their intent to address how guns are getting into the hands of serial, violent criminals and gangs. And there’s an emerging demographic movement; we have growing Asian and Polynesian communities; and New Zealand’s population is aging as well. Has the Government done what it needs to create a future for all of them?
Economically, the OCR is at an all-time low at 2.25%, and since mid-2004 four central banks in Europe have moved their interest rates into negative territory. In New Zealand, we have seen a continued investment in infrastructure which brings with it jobs. But is that enough to stimulate our economy? We haven’t seen any encouraging trends in many commodity prices, including dairy, for quite some time. Determining if changes need to be made to stimulate the economy is an area worth revisiting.
Politically, both the Labour Party’s free tertiary education policy and universal income provide a paradigm shift. Whether you like these polices or not, it clearly places these issues high on the political agenda (and policy-makers’ watch-lists).
Technological change is being embraced by the Government as a way of being able to do more with less: evidenced by ACC’s recently announced $450m transformation programme and continuing interest in the Inland Revenue’s $1.5 billion transformation that interestingly has an IT component that will only be a third of that cost. Both of these initiatives are taking place against a backdrop of successfully completing the nationwide roll out of ultra-fast broadband. But there’s also a need to ensure that technological change is safe. After all, cyber-attacks are rapidly and collectively becoming a multi-billion dollar problem for businesses worldwide.
Environmentally, New Zealand has historically had a competitive advantage in its ability to grow grass to fuel a thriving dairy industry and create other exports. Is that still enough?
And there’s a further challenge for this Government.
Making sure that Budget initiatives and their impact are communicated really effectively is vital, so that all New Zealanders are aware of and informed about how these decisions trickle down to their everyday lives, and influence the success of business and our economy.
The Budget and its supporting documents provide the Government with an opportunity to adopt integrated reporting (IR) principles like many other organisations are doing locally and abroad. IR’s focus on better quality information about performance with less emphasis on the bottom line is the perfect platform to tell New Zealand how it’s performing and also what it plans to do.
So in Budget 2016, it’s not just a question of deciding what to change, but also how to tell the story of change.
Above all - the Government must keep it simple, concise – and clearly tell us all how we’re doing.
Further enquiries, please contact:
Mark Hucklesby
Partner and National Technical Director
Grant Thornton New Zealand
T +64 (0)9 308 2534
E mark.hucklesby@nz.gt.com