For retirement villages, there’s one area of complexity where the correct treatment can really pay dividends, and that’s GST. However, it can get complicated for retirement village operators; it’s easy to get wrong and can be very expensive to fix.
NZ IFRS 18 is coming, whether you’re ready or not. The sooner you start thinking about it, the smoother and more cost-effective the transition will be. We’ve been hearing quite a few of the same questions from Kiwi organisations, so we’ve put together the following list of the most commonly asked questions which address some of the more tricky issues you’ll face with NZ IFRS 18.
Big changes could be coming for earthquake-prone buildings in New Zealand. Proposed reforms aim to cut red tape, shift to a more risk-based system, and potentially save building owners billions. For many, this could mean fewer buildings on the EPB register and far more affordable remediation. Grant Thornton partner Matt Hannah and Matt Williams from BMC Consult reveal what might this mean for your building’s value, rent, insurance or lending:
You’ve heard it all before: Kiwi tradies are moving to Australia because they can earn far more money. But if wages are so much higher, why is construction cheaper in Australia?
According to the Association of Certified Fraud Examiners (“ACFE”), NFPs lose about 5% of revenue annually to fraud, and small businesses globally have an annual median loss to fraud of $200,000.
How can New Zealand’s construction sector invest in a more successful future when times have been so tough? Business leaders with the foresight to build people resilience now will be ready to profit as their pipelines begin to flow freely again.
If you’ve built your wealth through hard work and smart decisions, don’t risk it with a DIY investment approach. Doing it yourself often means missed opportunities, costly mistakes, and unnecessary stress.
With rising costs, staff shortages and ageing facilities, pressure on New Zealand’s aged care operators keeps mounting. For some, consolidation could be the key to survival – and for others, now may be the ideal time to sell. Strategic mergers and acquisitions can strengthen the sector and ensure quality care for our growing elderly population.
New Zealand’s Holidays Act 2003 is finally getting a long-awaited overhaul. In this article we provide expert insight into what's changing for employers and their employees, and five key tips to help businesses with the upcoming transition.
The civil construction industry has been hammered over the past two years. How can business owners escape this trap?
Organisations face growing disruption, complex systems and evolving risks when it comes to managing technology. Here’s how to approach your pathway to resilience.
Considering buying a commercial property in the next two years? By getting your ducks in a row early, you could save yourself hundreds of thousands of dollars. That was the message from the experts who spoke at a recent panel event, hosted by ANZ in Christchurch.
It’s been a long-held misconception that retirement village operators in New Zealand rake in excess profits—at least on paper. But a closer look reveals a different story.
The rules around calculating a company’s taxable income are well established. But what if you’re a mutual association – a resident’s association, membership organisation or industry group (among others)?
The broader implications of tariffs for New Zealand and Australian multinational businesses exporting to the US are significant. This environment is incredibly dynamic as more tariffs and retaliatory measures are released almost daily.
Without a dedicated CFO or finance team, how does a New Zealand business manage day-to-day accounting, stay compliant, identify opportunities for growth and mitigate risks? The answer for many is virtual CFO (vCFO) services.