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Business valuations
We offer expert valuation advice in transactions, regulatory and administrative matters, and matters subject to dispute – valuing businesses, shares and intangible assets in a wide range of industries.
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Capital markets
You need corporate finance specialists experienced in international capital markets on your side if you’re buying or selling financial securities.
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Complex and international services
Our experience of multi-jurisdictional insolvencies coupled with our international reputation allows us to deliver the best possible outcome for all stakeholders.
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Corporate insolvency
Our corporate investigation and recovery teams can help you manage insolvency situations and facilitate the best outcome.
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Debt advisory
An optimal funding structure for your organisation presents unprecedented opportunities, but achieving this can be difficult without a trusted advisor.
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Expert witness
Our expert witnesses analyse, interpret, summarise and present complex financial and business-related issues which are understandable and properly supported.
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Financial models
A sound financial model will help you understand the impact of your decisions before you make them. Talk to us about our user-friendly models.
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Forensic and investigation services
We provide investigative accounting and litigation support services for commercial, matrimonial, criminal, business valuation and insurance disputes.
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Independent business review
Is your business viable? Will it remain viable in the future? A thorough independent business review can help your organisation answer these fundamental questions.
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IT forensics
Effective ESI analysis is integral to the success of your business. Our IT forensics experts have the technical expertise to identify, preserve and interrogate electronic data.
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Mergers and acquisitions
Grant Thornton provides strategic and execution support for mergers, acquisitions, sales and fundraising.
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Raising finance
Raising finance - funders value partners who can deliver a robust financial model, a sound business strategy and rigorous planning. We can guide you through the challenges that these transactions can pose and help you build a foundation for long term success once the deal is done.
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Relationship property services
Grant Thornton offers high quality independent advice on the many financial issues associated with relationship property from considering an individual financial issue to all aspects of a complex settlement.
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Restructuring and turnaround
Grant Thornton’s restructuring and turnaround service capabilities include cash flow, liquidity management and forecasting; crisis and interim management; financial advisory services to companies and parties in transition and distress
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Transaction advisory
Our depth of market knowledge will steer you through the transaction process. Grant Thornton’s dynamic teams offer range of financial, commercial and operational expertise.
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Corporate tax
Grant Thornton can identify tax issues, risks and opportunities in your organisation and implement strategies to improve your bottom line.
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Employment tax
Grant Thornton’s advisers can help you with PAYE (payroll tax), Kiwisaver, fringe benefits tax (FBT), student loans, global mobility services, international tax
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Global mobility services
Our team can help expatriates and their employers deal with tax and employment matters both in New Zealand and overseas. With the correct planning advice, employee allowances and benefits may be structured to avoid double taxation and achieve tax savings.
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GST
GST has the potential to become a minefield and can be expensive when it goes wrong. Our technical knowledge can help you minimise the negative impact of GST
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International tax
International tax rules are undergoing their biggest change in a generation. Tax authorities around the world are increasingly vigilant, especially when it comes to global operations.
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Research and Development
R&D tax incentives are often underused and misunderstood – is your business maximising opportunities for making claims?
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Tax compliance
Our advisers help clients manage the critical issue of compliance across accountancy regulations, corporation law and tax. We also offer business and wealth advisory services, which means we can provide a seamless and tax-effective offering to our clients.
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Transfer pricing
Tax authorities are demanding transparency in international arrangements. We businesses comply with regulations and use transfer pricing as a strategic planning tool.
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Audit methodology
Our five step audit methodology offers a high quality service wherever you are in the world and includes planning, risk assessment, testing internal controls, substantive testing, and concluding and reporting
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Audit technology
We apply our audit methodology with an integrated set of software tools known as the Voyager suite. Our technology has been developed to produce quality audits that are effective and efficient.
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Financial reporting advisory
Our financial reporting advisers have the expertise to help you deal with the constantly evolving regulatory environment.
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Business architecture
Our business architects help businesses with disruptive conditions, business expansion and competitive challenges; the deployment of your strategy is critical to success.
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Cloud services
Our team is led by cloud business experts who tailor services to the needs of your organisation, from strategy and implementation to ongoing services assurance.
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Internal audit
Our internal audits deliver independent assurance over key controls within your riskiest processes, proving what works and what doesn’t and recommending improvements.
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IT advisory
Our hands on product experience, extensive functional knowledge and industry insights help clients solve complex IT and technology issues
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IT privacy and security
IT privacy and security should support your business strategy. Our pragmatic approach focuses on reducing cyber security risks specific to your organisation
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Organisational & cultural change
The key to sustainable and future growth is a unified organisation operating within a strong cultural context, where transparency and communication are the priority for Kaimahi, and where visible leadership means walking the talk – but where does that journey begin?
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Payroll assurance
Our specialist payroll assurance team can conduct a review of your payroll system configuration and processes, and then help you and your team to implement any necessary recalculations.
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PCI DSS
Our information security specialists are approved Qualified Security Assessors (QSAs) that have been qualified by the PCI Security Standards Council to independently assess merchants and service providers.
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Process improvement
As your organisation grows in size and complexity, processes that were once enabling often become cumbersome and inefficient. To maintain growth, your business must remain flexible, agile and profitable
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Procurement/supply chain
Procurement and supply chain inputs will often dominate your balance sheet and constantly evolve for organisations to remain competitive and meet changing customer requirements
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Project assurance
Major programmes and projects expose you to significant financial and reputational risk throughout their life cycle. Don’t let these risks become a reality.
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Risk management
We understand that growing companies need to establish robust internal controls, and use information technology to effectively mitigate risk.
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Robotic process automation (RPA)
RPA is emerging as the most sophisticated form of automation used to help businesses become more agile and remain competitive in the face of today’s ongoing digital disruption.
Kiwi businesses have been through the wringer over the past few years, with so much instability and rapid change. We need a tax strategy to help the country tackle it’s looming problems, says Greg Thompson, Business Advisory and Tax Leader.
New Zealand businesses have been through a period of time like no other since Covid inserted itself into our everyday lives. It hasn’t been a global financial crisis, a medical emergency, major social change or a lack of resource - it was all of these rolled into one mega-black swan event.
As we emerge from isolation and re-engage with the world, another storm in the form of inflation is upon us. If you ask any business what they would like now, it’s certainty.
That’s easier said than done in a world still reeling from supply change disruption, a change in capital markets, and now war. But if there is anyone who can provide certainty, it is the Government, and it’s what all areas of the economy are crying out for in this year’s Budget.
Certainty starts with a solid approach to tax policy
For too long a lack of clarity around Government priorities and policy has left businesses and society in limbo. A clear path to prosperity, socially and economically, is required and tax policy is an integral part of this.
The Government’s commitment to “no new taxes” left many quite rightly assuming major tax policy had been put on hold domestically. But the introduction of an increased bright line period, denial of interest deductions, and broad changes proposed to protect structuring around the increase in the top personal tax rate to 39% are effectively new taxes in disguise. Economically there is no longer a level playing field.
This ad-hoc approach has left businesses with a tremendous amount of uncertainty and an overwhelming sense of, “What’s next?”
The Government has spent up large on Covid support, and healthcare will soak up more taxpayer funds in this year’s Budget. The Government can earn more money, borrow, or sell its assets to deliver prosperity. It is certainly borrowing, and while we have relied on economic growth to drive more taxpayer dollars, the spectre of inflation and recession calls our growing debt into question.
Inland Revenue audits loom large
The prospect of Inland Revenue audits, and the subsequent cost and stress associated with these is compounding uncertainty for businesses.
Audit activity was put in a “holding pattern” during the peak of the pandemic and will ramp up again as Inland Revenue uses its freshly optimised IT systems to drive more taxes payable to the Government. Clarity should be provided by Government about when this holding pattern will cease or transition.
Fiscal creep
Fiscal creep is of particular concern in an inflationary environment where increases in taxpayers’ income is offset by rising costs, but if the increased income pushes a person into a higher tax bracket, they will be worse off by paying more tax.
This has been flagged for a long time, with limited engagement by successive governments. It is now a significant issue that will be exacerbated by material inflation pushing income levels higher.
Taxes to fund the big issues
The government has been advised of the significant issues New Zealand will face in funding national superannuation with our aging population, and our overreliance on taxes from wages. One of the solutions to address this and create economic neutrality was to adopt a capital gains tax, which has been rejected by the current Government, as has an increase in the age of retirement.
What is my ask from the Budget genie?
On behalf of all New Zealand businesses, please be clear on the path forward. What you will and won’t do and how you will address these key future issues (rather than deferring to the future) so businesses can deal with all the other uncertainties they face.
