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Salaries in the Not for Profit sector are notoriously low – and instead of saving money, it’s coming at a high price.

Government departments, fuelled by unprecedented levels of public funding, find themselves in a precarious balancing act. On one hand, they must spend proactively and efficiently to achieve policy outcomes and ensure public money is distributed to those who need it, and on the other, they must ensure the funding is disbursed appropriately and wastage is minimised.

The Commerce Commission’s year-long Market Study into Residential Building Supplies was released in early December 2022, and the conclusion is a masterclass in understatement: competition “is not working as well as it could”.

A thorough financial risk management plan should include protection against financial loss due to the illness, injury, disability, or death of a working owner or ‘key person’. The financial impacts of these scenarios can be instant, long-lasting and in the worst-cases, terminal for your business and potentially your personal assets.

Although the R&D tax credit scheme isn't new, it is often overlooked as a way to help businesses adopt more circular business models, change the design of materials and packaging, and measuring and reducing their impact.

Circular revolutionaries share their insights into creating a low carbon economy

While we grapple with the threat of sustained environmental challenges, corporates and other reporting entities need to consider how the impact of climate change on their organisations is reflected in their financial statements. The key challenge is assessing this within our current accounting framework even when don’t yet have specific climate accounting standards. David Pacey addresses these challenge and how you can report the impact of climate change in your financial statements.

Protected Disclosures Act (Protection of Whistleblowers) 2022: Has your organisation adapted?

Cryptocurrencies: Are you tax compliant?

Building consents: Councils shouldn’t be the last man standing between quality and progress

What would happen if your business couldn’t access the core materials and products it relies on? Been here before? Well, this time we’re not talking about COVID-19 or supply chain disruption.

A recommendation from the recent Charities Act Review could mean charities with annual operating expenses over $140,000 will be required to disclose information about the reserves they hold, and why they hold them. This information will also be available to the media and general public.

A recent series of property and construction sector forums hosted by Grant Thornton New Zealand provided insights into some of the biggest talking points across the sector. Expert panellists provided a deep dive into the industry from the perspective of developers, financiers, property lawyers, agencies and the Property Council NZ.

The 2022 Not for Profit sector report paints a picture of an agile industry bending with the winds of change, but it also reveals a breaking point is on the horizon for many organisations.

Our summary of the key facts that are relevant to you and your business.

Our industry experts weigh in on what Budget 2022 means for certain sectors as well as New Zealand’s tax landscape.