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Here in New Zealand, we still only have a few known cases of coronavirus, which is encouraging. However, the economic symptoms of COVID-19 are likely to be extremely widespread – and they may be just as tough to recover from. This outbreak has highlighted just how dependent our economy is on the rest of the world, both in terms of our export market and how much of our product is sourced from and manufactured offshore.

At Grant Thornton we care for our people and our clients.

As you’re most likely aware, the Government has just announced its $12.1b stimulus package for New Zealand businesses which is worth 4% of GDP, and is bigger than the packages provided in Australia and the UK on a per capita basis.

Murray Brewer is one of our tax partners, and he is the Chair of Grant Thornton New Zealand’s Board. In this piece produced by the Spinoff, he reacts to the Government’s economic relief package announced on 17 March 2020.

Women are winning more leadership roles – but progress is patchy and the Asia Pacific region is lagging behind the rest.

Over the last 12 months, our women in business research has drilled down into the gender diversity stats of mid-market organisations around the world, looking at how the numbers are changing, and most importantly, what businesses are doing to make them change.

Third Report on Taratahi Agricultural Training Centre (Wairarapa) Trust Board (in Liquidation) dated 3 March 2020.

Inland Revenue has been reviewing tax rules applicable to charitable and donee organisations (charitable entities to which donations are eligible for a 33% tax rebate).

Welcome to our final Business Adviser for 2019 – the mid-size business edition. Inside this issue, aspiring small businesses and MSBs alike can find insights about how your people strategy can boost productivity, the three keys to MSBs’ business success, and how the right advisors can help you grow your business. For these articles and more, download your copy.

International Valuation Standards (IVS) 2019 have been updated and include a new chapter, 'IVS 220 Non-Financial Liabilities' as part of the intangible asset standards. Non-financial liabilities require a non-cash performance obligation to provide goods or services, including deferred revenue obligations, warranties, environmental liabilities and loyalty program liabilities. IVS 2019 is available to IVSC subscribers here .

The New Zealand Relationship Property Survey 2019 is based on the views of over 250 family law practitioners. It is one of the most comprehensive studies of its kind.

NZRP 2019

In October 2018, the IASB issued ‘Definition of a Business’ making amendments to IFRS 3 ‘Business Combinations’. The amendments are a response to feedback received from the post-implementation review of IFRS 3 (‘the Standard’). They clarify the definition of a business, with the aim of helping entities to determine whether a transaction should be accounted for as an asset acquisition or a business combination.

From 1 October 2019, public sector agencies will leverage procurement to achieve economic, cultural, environmental and social outcomes.

Meaningful mid-size business growth means solving ‘the people problem’.

Despite their significant contribution to the economy, a New Zealand study released today has found our mid-sized businesses are not performing as well as their counterparts overseas.