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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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Forensic and investigation services
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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
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Transaction advisory
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Corporate tax
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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.
Collaboration needed to keep Not for Profit sector healthy
Collaboration must occur in the Not for Profit sector throughout both Australia and New Zealand otherwise many organisations will cease to exist, according to a comprehensive report on the sector entitled ‘Doing good and doing it well?’ undertaken by Grant Thornton.
With 176 people for every registered charity in New Zealand, the Not for Profit sector is well overdue for reform and change.
Brent Kennerley, Grant Thornton New Zealand’s Head of Not for Profit, said that like minded organisations sharing similar visions, beneficiaries or perhaps those regionally based, may well have to consider mergers, amalgamations or just start with better collaboration to ensure their survival.
“Funding continues to be the most significant challenge facing Not for Profits and unless there was some form of rationalisation casualties would be inevitable.
“The report identifies that most New Zealand respondents (84%) were almost constantly looking for innovative ways to generate revenue with 80% saying that finding consistent, regular sources of funding was increasingly difficult and 59% looking to outside sources to help them find new ways to generate revenue.
“The Australian response is strikingly similar. Eighty-six per cent are constantly looking for new ways to generate funds, 76% report that finding consistent sources of funding is increasingly difficult and 65% look to outside sources to find new ways to generate new funds.
“There is the obvious redistribution of funding back into core-services rather than continuing to pay increased administrative costs that will help, but collaboration also brings sharing of ideas, learning and opportunities for all organisations involved – it is a win-win situation,” he said.
The survey, which included 416 Not for Profit organisations in Australia and New Zealand, is one of the most comprehensive undertaken in the sector on an Australasian-wide basis.
“Forty five percent of New Zealand and 16% of Australian Not for Profits could not plan for more than 12 months ahead based on their current funding and it was clear that many would not survive for more than six months if their current funding was not renewed,” Kennerley said.
The report said that with the pressures from the global financial crisis now mostly behind us, the state of the economy is not seen as a significant constraint on fundraising.
“For organisations that are hoping an improved economy may ease their funding pressures, this finding may come as sobering news.”
When compared with a similar report of New Zealand Not-For-Profit organisations in 2011, it would appear that organisations are trying to rely less on government funding.
“Many organisations have realised that they need to stand on their own and while all funding is acknowledged, they also recognise the time involved in administration of Government funding is such that the time can be better spent back in their core delivery of services.
“In 2011, government grants and contracts were the most significant funding source for 69% of New Zealand respondents. In 2013 this dropped to 53%, behind other grants and sponsorship (72%), fundraising (59%) and donations (57%).
“In Australia, government grants and contracts are the most prominent source of funding for 79% of respondents. Donations (69%), fundraising (62%), investment income (62%), other grants and sponsorship (61%), income from service provision (60%) and bequests (54%) are significant for over half the respondents, indicating that Australian organisations receive funding from more sources than their New Zealand counterparts.
“One of the greatest pressures on funding is the sheer number of Not for Profit organisations on both sides of the Tasman competing for a limited pool of money. Collaboration, ranging from sharing resources to merging and amalgamating, to using cloud technology is a significant opportunity and it needs to happen with some urgency. We are starting to see some leadership and movement in this area, but it does need to accelerate to and for rationalisation to occur,” Kennerley said.
Further enquiries, please contact:
Brent Kennerley
Partner & Head of Not for Profit
D +64 (0)4 495 3771
M +64 (0)21 656 246
E brent.kennerley@nz.gt.com