-
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.
-
Capital markets
You need corporate finance specialists experienced in international capital markets on your side if you’re buying or selling financial securities.
-
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.
-
Corporate insolvency
Our corporate investigation and recovery teams can help you manage insolvency situations and facilitate the best outcome.
-
Debt advisory
An optimal funding structure for your organisation presents unprecedented opportunities, but achieving this can be difficult without a trusted advisor.
-
Expert witness
Our expert witnesses analyse, interpret, summarise and present complex financial and business-related issues which are understandable and properly supported.
-
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.
-
Forensic and investigation services
We provide investigative accounting and litigation support services for commercial, matrimonial, criminal, business valuation and insurance disputes.
-
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.
-
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.
-
Mergers and acquisitions
Grant Thornton provides strategic and execution support for mergers, acquisitions, sales and fundraising.
-
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.
-
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.
-
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
-
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.
-
Corporate tax
Grant Thornton can identify tax issues, risks and opportunities in your organisation and implement strategies to improve your bottom line.
-
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
-
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.
-
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
-
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.
-
Research and Development
R&D tax incentives are often underused and misunderstood – is your business maximising opportunities for making claims?
-
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.
-
Transfer pricing
Tax authorities are demanding transparency in international arrangements. We businesses comply with regulations and use transfer pricing as a strategic planning tool.
-
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
-
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.
-
Financial reporting advisory
Our financial reporting advisers have the expertise to help you deal with the constantly evolving regulatory environment.
-
Business architecture
Our business architects help businesses with disruptive conditions, business expansion and competitive challenges; the deployment of your strategy is critical to success.
-
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.
-
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.
-
IT advisory
Our hands on product experience, extensive functional knowledge and industry insights help clients solve complex IT and technology issues
-
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
-
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?
-
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.
-
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.
-
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
-
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
-
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.
-
Risk management
We understand that growing companies need to establish robust internal controls, and use information technology to effectively mitigate risk.
-
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.
NZers decline holidays to support their businesses
New Zealand business owners appear to be declining holidays so that they can support their businesses during these stressful and uncertain times.
New Zealand business owners appear to be declining holidays so that they can support their businesses during these stressful and uncertain times.
The Grant Thornton International Business Report (IBR) that surveyed 6,000 businesses worldwide, including New Zealand, showed that New Zealand had one of the biggest reductions in holidays taken by business people in the last year.
Pam Newlove, National Director, Privately Held Business, for Grant Thornton New Zealand, said that in the last year the average number of days taken off by business people dropped from 18 to 13. Only Japan with a drop from 13 to five days off showed a greater change.
“By the very nature of our culture, we expect to have a good work/life balance, but this may be at the expense of our standard of living, which most people are not prepared to accept,” she said. In the survey New Zealand led the world in the percentage of business people struggling with this work / life balance at 21%, just ahead of Australia at 20% and well above the global average of 9%.
“These results probably reflect the greater pressure that business owners are under to meet goals and targets and when a business is under pressure there is an even greater need for owners to work longer and stay closer to the business to resolve issues quickly for customers and/or pick up on new business opportunities. “It has become very clear over the last few years that business owners are working a lot harder for every dollar of profit that they earn,” she said.
The reduction in holidays could also be due to lower staffing levels in many businesses so that it is harder for employers to take a break.
“Another indicator of how New Zealanders struggle with the work/life balance is that only 23% looked at better controlling the regularity of their hours worked compared with Australia 38%, United States 50%, United Kingdom 56% and Global 35%,” she said.
The survey revealed that global levels of stress felt by business leaders and owners have shown their lowest annual increase since 2005, with New Zealand no exception. New Zealand businesses showed a 15% increase in stress levels in 2011, down on the 28% in 2010, 34% in 2009 and 36% in 2008.
Globally there was a 28% increase in stress levels in 2011, down from 45% in 2010. Asia Pacific was the most stressed region with net 44% reporting an increase in stress over the past 12 months, but this too is down from 58% in 2010. Even in distressed Europe, where the focus of economic turbulence resides, the net increase in stress has declined from 40% in 2010 to 22% in 2011.
“Interestingly, stress levels in Australia are on the increase. In 2010 there was only a 12% net increase in stress levels comapred with 23% in 2011, making it one of the few countries in the world where stress levels are growing more rapidly that the year previous.
“Another interesting aspect is that BRIC/APAC countries are experiencing greater stress (43% and 44%), which is probably indicative of the ever-changing environment that these economies are facing due likely to the uncertainty arising from economic challenges in Europe leaving business owners wondering what the longer term impact will be on their business.”
For New Zealanders, playing sports and exercising emerged as the main way that business people dealt with stress with 80% of participants citing this as their key strategy. Finland 92% and Netherlands 86% were the only two countries ahead of New Zealand in this aspect. For Australia it was 65%, the United States 79% and the United Kingdom 68%. The global average was 62%.
“Another good stress relief for New Zealanders appears to be to delegate with 67% of business leaders using this strategy, placing us seventh among the 40 countries surveyed, well ahead of Australia (44%), United States (51%), United Kingdom (62%) and a global average of 35%,” she said.
Other findings included:
- New Zealanders tend to entertain at home rather than go out as a means of relieving stress – 69% entertain at home to relieve stress, while 47% like to go out to relieve stress, compared with 52% and 38% for Australia, 63% and 65% for the United States and 72% and 52% for the United Kingdom. The global average is 54% and 46%.
- 36% of New Zealanders include DIY as a stress reliever – Australia 28%, US 52%, UK 65% Global 18%
- Shopping as a stress reliever– New Zealand 23%, Australia 22%, US 12%, UK 32% Global 19%.
Further enquiries, please contact:
Pam Newlove
National Director, Privately Held Business
T +64 (09) 308-2579
M +64 (0)27 692 0271
E pam.newlove@nz.gt.com