Our industry experts share what they’d like to see delivered in Budget 2023. What are the major economic roadblocks and prospects for some of New Zealand’s key sectors? How will the Government navigate the tax tight rope? Read on to discover where the opportunities lie in this year’s announcement to instigate meaningful transformation.
Step 6 of applying the guidance in IAS 36 as set out in our article ‘Insights into IAS 36 – Overview of the Standard’ relates to recognising or reversing and impairment losses. This article focuses on part of this step; reversing impairment losses. For recognising impairment losses refer to our article ‘Insights into IAS 36 – Recognising impairment losses’.
The NZ Property (Relationships) Act contains various provisions for compensatory adjustments in the division of relationship property.
The new Trusts Act 2019, which came into force on 30 January 2021, was one of the biggest changes for Trusts for quite some time. Now, Inland Revenue has also introduced further reporting and disclosure requirements. Here's what you need to know.
Construction plays a big part in an economy, being one of the biggest in our industries but it's broken. With rising prices of material costs, inflation, and shortages, we have five ways to tackle exorbitant construction costs.
Businesses will continue to experience persistent material and wage price inflation as they have over the past two years, ongoing supply frustrations set against the current backdrop of tightening monetary policy, rising interest rates, the cooling of property prices, and access to credit. Read more to find out how to protect your business on new projects and weather the current storm.
To say doing business is difficult in New Zealand (or anywhere) right now is an understatement. In what seems like an ever-increasing state of inflation, it's important you understand your businesses' pressure points now more than ever and strong cashflow management can mean the difference between survival and failure.
What are the professional attributes that relationship property lawyers look for most in their forensic accountant? The latest New Zealand Relationship Property Survey by Grant Thornton and the New Zealand Law Society asked practitioners to list the three most important attributes a forensic accountant should have in giving expert advice in relationship property matters.
An increasing trend towards the appointment of a single joint forensic accounting expert (SJE) for relationship property matters has emerged in New Zealand, compared to the traditional approach where each party appoints their own forensic accounting expert.
International Women’s Day 2022 is perhaps the most significant time to reflect on the monumental impact this pandemic has had on our work culture, and the speed at which previous norms have been turned on their head.
In 2022, Grant Thornton’s Women in Business research has once again tracked the position of women in senior management across the world, and the progress towards gender parity in leadership.
The New Zealand Relationship Property Survey 2021 is based on the views of over 270 family law practitioners. It is one of the most comprehensive studies of its kind.
If you sit on an NFP Board, sometimes it can be hard to know which questions to ask about the organisation’s finances and the red flags you need to look out for. Barry Baker provides some tips and guidance in his latest article
To further compound the challenges of yet another year marred by disruption, tax authorities have made it loud and clear they still expect to see cross border related party transactions priced according to the arms-length principle - creating a top priority list item for every entity transacting cross-border with related parties.
The new Waste Minimisation (Information Requirement) Regulations 2021 make it mandatory for waste management facilities to keep records about the waste they’re receiving and where it’s going. Signpost of the direction the Government is taking with waste management – something that will have an impact on not only every local council, but every Kiwi household as well.
In September 2021, The Reserve Bank of New Zealand released an issues paper that considers the introduction of a New Zealand Dollar-issued digital currency that could be used to innovate and support central bank money. The risk of New Zealand falling behind international standards exists if we don’t innovate and adopt a robust CBDC.