All things tax will get more attention from business owners, entrepreneurs and sole traders after Labour’s landslide win over the weekend, as the newly elected Government aims to raise the income tax rate from 33% to 39% for those earning over $180k.
Today, Grant Thornton New Zealand released the third statutory report in the Liquidation of Cryptopia Limited, a cryptocurrency exchange based in Christchurch. In a world-leading case for which there was no legal precedent, a court hearing held in April gave a clear ruling about the status of the assets and that they were held in trust for the account holders. Further steps need to be taken before assets can be distributed.
Neu Capital & Grant Thornton team up to close funding gap for NZ mid-sized businesses (MSBs).
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.
What happens when the nation’s biggest spender changes the way it shops? It has the potential to shift our entire economy.
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.
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.
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.