Ten years ago, Rt Hon Bill English removed the ability for some businesses to claim depreciation deductions on buildings in his May 2010 Budget. Fast forward to 2020 and the world is in a very different place.
Latest research from Grant Thornton International reveals that business optimism continues to decline amid swirling economic uncertainty; across the Asia Pacific region, optimism took a dive in Q2 2019 dropping to 23% from 55% percent in Q2 2018.
Indicators are currently accumulating that point to a recession. The most alarming warning sign is the US yield curve which plots the yields of Treasury maturities.
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.
The liquidators for Christchurch-based crypto exchange, Cryptopia released their first report into the company’s affairs today.
David Ruscoe and Russell Moore from Grant Thornton New Zealand were yesterday appointed liquidators of Cryptopia Limited, a New Zealand cryptocurrency exchange based in Christchurch.
The Government’s Construction Sector Accord is a welcome initiative for the troubled sector.
Businesses currently operating in the United States or planning to tap into this market should review their tax obligations as the rules are everchanging.
The Brexit Withdrawal Agreement has been rejected by the UK Parliament for a second time, and the chances of a no-deal Brexit have increased exponentially.
Grant Thornton New Zealand is delighted to announce several senior appointments within the firm.