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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: time to iron out the wrinkles in aged care
Budget 2015 saw the Government allocate $76.1 million to help hospices expand palliative care services. While this is a solid start, more investment is needed to comprehensively change the way healthcare services are delivered to people 65+ in New Zealand.
We have an increasing proportion of people in older age groups and a declining number of children. This is a hot topic globally as several other countries are experiencing this phenomenon, but what will it mean for New Zealand?
In 2010, the Grant Thornton Aged Residential Care Service Review warned that by 2026 the over 65 population is expected to increase by 84 per cent, from 512,000 to 944,000 people. During this period the overall population is projected to grow by 20 per cent, from 4.2 million to 5 million.
The report revealed that by 2026:
- between 12,000 and 20,000 people will require aged residential care
- new beds in the sector need to increase by 78-110 per cent to accommodate demand and to replace aging facilities
- the current operating profits from stand-alone residential care facilities will be insufficient to stimulate the required private sector investment
- the workforce needed to service the aged care sector must increase by 50 to 75 per cent.
The review also states that investment in the residential aged care sector requires significant planning and lead-in time to ensure that demand, supply and workforce models are established to meet these future challenges.
The research found that demand for rest homecare will begin to increase between 2012 and 2015 – so the time to act is well and truly upon us.
As a country, we need to recognise the need for more aged care services and funding to meet future demand. The current regulatory environment’s influence on supply and demand needs to be reviewed and refocussed to support appropriate investment models of care.
Current trends in preference for alternative care will also continue into the future and need to be taken into consideration. For example, international literature suggests that informal care by family and friends is a viable option for someone with limited, but not severe, disability.
Pre-emptive strikes like United Future’s proposal to provide free annual health checks for everyone over the age of 65 are well intended measures to maintain health and hence reduce demand for resources, but they simply won’t stop the onslaught of those needing care in their twilight years; a 2014 costing update to Grant Thornton Aged Residential Aged Care Review reveals that two thirds of New Zealand facilities are over 20 years old and new supply has grown at just 1.2% per annum over the past five years (excluding Canterbury). The Ministry of Health’s forecast models indicate that a severe shortage of supply will exist by 2022 if current growth rates don’t pick up. Some providers have projected the shortfall to come as soon as 2018.
One of the priorities in the Government’s 2016 Budget Policy Statement is to spend to achieve better outcomes for New Zealanders. Policy and funding needs to have an impact on investment levels so that New Zealand is prepared for the unprecedented number of older New Zealanders requiring support. After all, this is an issue that will ultimately affect all of us.
Further enquiries, please contact:
Paul Kane
Partner, Privately Held Business
Grant Thornton New Zealand
T +64 (0)9 308 2576
E paul.kane@nz.gt.com