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Guide Taxation in real-time: Gearing up for blockchain
The question is no longer whether blockchain will disrupt the tax system, but how far, how fast and how can you make sure your business is up to speed.
Article Beyond box ticking: How to produce true value from procurement
The traditional procurement process is a tried and true one. We see it in government and in industry and across projects, services, and goods. For many years, it has been fairly mechanical: put out an RFP, make sure the proposals tick all the boxes, then pick the vendor in the middle, or the one with the lowest price, or the one you wanted to begin with.
Article New R&D tax credit: ownership, rights of use and control
It’s rare to have a new tax rule coming into effect before legislation has even been passed, but that’s how determined the Government is to put its new research and development (R&D) tax credit into place. As a small island nation at the bottom of the world, we know that our future economic power is not going to come from mass production or cheap labour. Instead, our best hope is great ideas well executed by local businesses using local resources. That’s why supporting R&D is such a cornerstone of strong economic policy; without it, we’re missing the opportunity to turn New Zealand into a hub of innovation.
ARTICLE Will your business qualify for the new R&D Tax credits?
Earlier this year, the Government released a proposal to incentivise R&D activity for New Zealand based companies via a new tax credit regime. Draft legislation has since been released, with the new R&D tax credits expected to be available from the tax year commencing 1 April 2019.
Article Procurement is getting a bad rep these days. It should.
With headwinds facing New Zealand's economy and the construction industry in particular, procurement has come under fire lately. Much has been made of the impossible position construction companies are put in when bidding for work - the ferocious competition to win a bid, lock in fixed pricing several years out, and hope to manage the cost control to make a slim margin. While a number of more sophisticated procurement approaches exist - and to be fair, some leading organisations in New Zealand are employing them - for others a tender bash with effectively lowest cost conforming is the main mode.
Article Budget 18 is stuck in the present. We need investment in innovation for the future
The Budget’s R&D spend looks less than futuristic, says Grant Thornton’s Greg Thompson.
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