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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.
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External audit
Strengthen business and stakeholder confidence with professionally verified results and insights.
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Financial reporting advisory
Deep expertise to help you navigate New Zealand’s constantly evolving regulatory environment.
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Corporate tax
Identify tax issues, risks and opportunities in your organisation, and implement strategies to improve your bottom line.
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Indirect tax
Stay on top of the indirect taxes that can impact your business at any given time.
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Individual tax
Preparing today to help you invest in tomorrow.
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Private business tax structuring
Find the best tax structure for your business.
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Tax disputes
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Research & development
R&D tax incentives are often underused and misunderstood – is your business maximising opportunities for making claims?
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Management reporting
You’re doing well, but could you be doing even better? Discover the power of management reporting.
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Financial reporting advisory
Deep expertise to help you navigate New Zealand’s constantly evolving regulatory environment.
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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.
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Trust management
Fresh perspectives, practical solutions and flexible support for trusts and estate planning.
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Forecasting and budgeting
Prepare for every likely situation with robust budgeting and forecasting models.
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Outsourced accounting services
An extension of your team when you need us, so you can focus your time, energy and passion on your business.
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Setting up in New Zealand
Looking to set up a business in New Zealand? You’ve come to the right place.
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Policy reviews & development
Turn your risks into strengths with tailored policies that protect, guide and empower your business.
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Performance improvement
Every business has untapped potential. Unlock yours.
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Programme & project management
Successfully execute mission-critical changes to your organisation.
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Strategy
Make a choice about your vision and purpose, where you will play and how you will win – now and into the future.
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Risk
Manage risks with confidence to support your strategy.
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Cloud services
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Data analytics
Use your data to make better business decisions.
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IT assurance
Are your IT systems reliable, safe and compliant?
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Cyber resilience
As the benefits technology can deliver to your business increases, so too do the opportunities for cybercriminals.
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Virtual asset advisory
Helping you navigate the world of virtual currencies and decentralised financial systems.
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Virtual CSO
Security leadership and expertise when you need it.
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Debt advisory
Raise, refinance, restructure or manage debt to achieve the optimal funding structure for your organisation.
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Financial modelling
Understand the impact of your decisions before you make them.
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Raising finance
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Business valuations
Valuable decisions require valued insights.
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Complex and international services
Navigate the complexities of multi-jurisdictional insolvencies.
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Corporate insolvency
Achieve fair and orderly outcomes if your business – or part of it - is facing insolvency.
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Independent business review
Is your business viable today? Will it be viable tomorrow? Give your business a health check to find out.
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Litigation support
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Business valuations
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Forensic accounting & dispute advisory
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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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Investigation services
A fast and customised response when misconduct occurs in your business.
Lack of investment biggest threat to global economy, NZ ahead of the curve
According to Grant Thornton International’s latest International Business Report (IBR) survey, New Zealand business leaders are becoming less confident about the economic outlook with optimism falling from 76% in Q1 2018 to 60% last quarter. This is consistent with the global average which has fallen from an all-time high of 61% in Q1 to 54% in Q2.
Strategic investment is the way forward for businesses, but our research shows overseas, businesses aren’t taking steps to counter the risks that this lack of investment presents. These businesses should be taking advantage of the rising revenues the global economic recovery has provided to invest for long term structural growth.
However, in New Zealand despite a dive in optimism in between the first and second quarter, investment in research and development has doubled, growing from 26% to 50%; this follows $1billion earmarked for R&D in this year’s budget. Investment in technology is also starting to follow suit, and expectations for employment also leapt to 60% from 46%.
“These figures tell us that although there’s some anxiety about the economy, a lot of business leaders are still doing well and making all of the right moves to future proof their operations,” says Paul Kane, Partner, Business Advisory Services at Grant Thornton New Zealand.
“The R&D investment figures are particularly promising, because although there’s a tax credit regime in the pipeline, business owners know they will still have to invest in further resources and technical abilities to meet the Government’s requisite standards - businesses don’t make this sort of commitment if they’re not confident they can pay the bills."
“New Zealand businesses look to be taking the opportunity to invest, but they will need to make sure they are investing to a level which will help them ride out the economic shift predicted in the future.”
“There is a sense that 2018 may be as good as it gets for the global economy. The bottom line for businesses is to ensure they can still make hay as the sun sets over what has been a boom during the last few years; history tells us it’s just around the corner,” says Kane.
For further enquiries, please contact:
Paul Kane
Partner, Business Advisory Services
Grant Thornton New Zealand
T +64 9 922 1276
E paul.kane@nz.gt.com