Read our insights

Public sector agencies were mandated to leverage new Government procurement rules from 1 October 2019.

Four small tweaks to the Government procurement rules – you’d think there was nothing to talk to about. Yet the flow on effects from the changes in the 4th Edition of the procurement rules are so significant, they have the potential to transform New Zealand’s entire economy.

为应对新冠肺炎，新西兰政府于3月底迅速决定封锁国境，除新西兰公民和永久居民外，任何人禁止入境新西兰。新西兰也因此取得了突出的抗疫成绩，并成为许多人心目中的安全港。很多常年旅居海外的新西兰人或持有新西兰永久居民护照的外国人也因此决定返回新西兰，并长期居住。另有一些海外人士因为封锁国境的政策无法离境，只能选择暂居新西兰。

This edition of Business Advisors outlines the early warning signs of insolvency and explores the impact of COVID-19 including financial reporting, tax issues and the global impact on the charity sector. Download your issue for these stories and more.

Uncertainty is something all businesses will grapple with today and into the future now that COVID-19 has changed the rules of the game.

We spoke to two Christchurch based clients in the wake of two lockdowns in six months since the first case of COVID-19 was reported in New Zealand.

It has been six months since the first case of COVID-19 was reported in New Zealand, and it seems that the country could continue to move in and out of various alert levels for the foreseeable future. The ongoing uncertainty will leave very few businesses unaffected by this brutal black swan. Some will suffer severe consequences, some will benefit, and for others, it will be business as usual.

As COVID-19 continues to sweep the globe, the measures taken to contain it have severely impacted financial and economic activity. These uncertain times mean that there are many accounting ramifications that charities need to consider when preparing their Annual Reports for 2019 and 2020-year ends.

The Government has provided New Zealand Trade & Enterprise (NZTE) with additional funding for Kiwi businesses impacted by COVID-19.

Sign up to receive the quarterly Business Adviser newsletter, with must-read articles and insights from Grant Thornton New Zealand's senior leaders.

In this brave new world, Not for Profits, like most Kiwi organisations, are struggling to deal with the urgencies of today while building resilience for tomorrow.

Diligence with 20/20 vision.

COVID-19 and the subsequent recession in New Zealand is adding significant complexity to deals for both buyers and sellers — including how to document the accounting implications of COVID-19 when negotiating and drafting sale and purchase agreements. If these risks aren’t addressed, you risk post-closing disputes and lost value. Following are five areas you should consider when negotiating a deal now.

Our latest issue of Business Adviser explores how businesses can leverage opportunities and build resilience in the aftermath of COVID-19. It includes insights for Kiwi businesses, Not for Profit organisations, and the NZ primary healthcare sector.

Resilience is about being ready for the tough times, and COVID-19 is revealing Kiwi businesses’ weak spots – particularly the way that many are operating project by project, hoping for the best and unprepared for the worst.

Big changes to New Zealand’s tax system have been made in a small timeframe to help businesses deal with the cashflow crunch they’re experiencing during this period of unprecedented disruption.