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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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Financial 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
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IT forensics
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Mergers and acquisitions
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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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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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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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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
Our team is led by cloud business experts who tailor services to the needs of your organisation, from strategy and implementation to ongoing services assurance.
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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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Organisational & cultural change
The key to sustainable and future growth is a unified organisation operating within a strong cultural context, where transparency and communication are the priority for Kaimahi, and where visible leadership means walking the talk – but where does that journey begin?
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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
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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 2012: Ageing and growing populations drive health spending
Ageing and growing population drives health spending
At a glance, vote health is one of the main benefactors in the budget. “Despite tight financial times, the Government is spending $14.12 billion in 2012/13 on health – the biggest investment ever,” Health Minister Tony Ryall says.
Budget 2012 includes an extra $1.5 billion for public health services over the next four years.
This includes $435 million for new initiatives over the next four years that will fund areas such as:
- $33 million for better, faster cancer treatment
- $16 million to speed up diagnostic tests for patients
- $48 million for more and faster elective surgery
- $20.5 million to strengthen maternity services including a boost to PlunketLine and WellChild services
- $133 million to improve services to those with disabilities
- $28 million to provide free after-hours doctors’ visits for under sixes
- $12 million to provide more support to the elderly
- $40 million for increased dementia services
It had been well signalled that health would fare well and that the good work done to date would not be compromised. Around $47 million of savings and under-spends in health have been shifted to higher priority front line public health services in 2012/13 according to the minister. Increases in prescription charges signalled pre Budget will also partly fund the above initiatives. The tenor of budget policies around health would appear to be a continuation of the policies demonstrated in the last budget - spend more at the top of the cliff and then you need fewer ambulances at the bottom of the cliff.
Although it is not all targeted at ‘top of the cliff’initiatives with other lofty goals stated such as:
- Delivering 4,000 more elective operations a year
- Providing better services for cardiac and cancer patients
- Providing $12 million to reduce rheumatic fever
- Investing $133 million in disability support services
Ageing and growing population
Budgets that devote a good chunk to health are likely to be an increasing trend into the future with our aging and growing population. As the demographic balance changes in New Zealand we will see our government spending a rising amount on older New Zealanders. The bulk of public health spending on an individual will be spent in the latter part of their life in most cases, and longer lifespans will increase the number of years that a person will live with a disability or chronic disease. The result of this is that greater spending will be needed on their health needs.
Short versus long-term focus
The question will always be asked: is merely throwing more money at health going to improve outputs?There is international evidence that changing the incentives that patients, providers and payers face can result in a better pay-off in the longer term.
Best practice in regard to health policy and its ability to deliver best value for money, generally has two common facets: firstly policies will focus on improving the way health systems address the changes in epidemiology and rise in chronic disease; and secondly they seek to reward patients, payers and providers for the quality and efficiency of care.
A survey of health policies of other countries in the OECD demonstrates that no one has the perfect answer and many initiatives internationally are still relatively new and need close monitoring to assess which approaches truly do deliver value for money in the long term.
The real proof in the pudding for health spending today will be measuring the results in 10-20 years’ time.
Further enquiries, please contact:
Pam Newlove
National Director, Privately Held Business
T +64 (0)9 308 2570
E Pam.Newlove@nz.gt.com