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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
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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
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 2013: Raising the innovation bar?
Raising the innovation bar?
Since the last election, the Government has promised to raise the level of innovation in New Zealand. The move to include innovation as a key platform of the Business Growth Agenda was a step in the right direction, but is enough being done to ensure this promise will be fulfilled?
In 2009, New Zealand’s gross expenditure on R&D was equivalent to 1.3% of GDP. The OECD average was 2.4%. Across the ditch, the Australians have had a much longer commitment to innovation. They started with the establishment of the Industry Research and Development Board, now Innovation Australia, in 1986 to support Australian businesses in their pursuit of research and development and its commercialisation. However, progress reports show while they spend more on R&D than New Zealand, about 2.2% of GDP, they are not getting the results they want.
The problem for both Australia and New Zealand is that their economies are resource based where the opportunities for innovation are more limited. In turn this means that even where there is considerable investment in R&D in the resource sectors and some parts of manufacturing, the returns are likely to be lower than in the high-tech, human capital sectors like bio-tech and software.
There are evident signs of momentum in New Zealand’s innovation platform. However, while the Government is spending money on innovation, it was not clear if this created an environment that supported firms to pursue R&D for their own ends. The Government seemed to prefer having all the answers rather than encouraging others to come up with their own – which is the essence of innovation!
The investment in research and innovation through the Business Growth Agenda announced last year saw $166 million over four years allocated to develop the Advanced Technology Institute and Callaghan Innovation. The aim of this is to help New Zealand's high-tech firms grow, increase exports and ramp up productivity.
It also saw $100 million over four years to increase the Performance-Based Research Fund, to support research in New Zealand's universities and $59 million over four years to boost funding for science and engineering tertiary courses.
Sixty million dollars, over four years, was also committed to the National Science Challenges, to find innovative solutions to some of the most fundamental issues New Zealand faces. These were announced at the beginning of May 2013 with a commitment of another $73.5 million in this year’s Budget.
Yesterday’s Budget is a further commitment to innovation despite the recession. The budget allocates additional funding to the innovation platform and its aim to improve New Zealand’s growth prospects with $200 million of new funding over the next four years including:
- $75.2 million for business R&D grants
- $31.3 million for repayable grants for start-up businesses
- $73.5 million for the National Science Challenges
- $20 million for the Marsden Fund
This means Government’s total cross-portfolio funding for science and innovation rises from $1.24 billion in 2012/13 to $1.36 billion in 2013/14 and continues building the momentum of Government investment in innovation as the economy grows and strengthens.
Further enquiries, please contact:
Murray Brewer
Grant Thornton New Zealand Partner, Tax
M +64 (0)9 308 2586
E murray.brewer@nz.gt.com