In the latest Grant Thornton International Business Report (IBR) survey, New Zealand was only headed by Sweden out of 33 countries concerning the levels of comfort SMEs had with tax policy and tax risk.
With two weeks to go until the election, political parties have been very open in outlining the positives steps they have taken, and intend to take, to sustain and improve what is currently happening in New Zealand. However, the same cannot be said of many New Zealand businesses, according to the latest Grant Thornton International Business Report survey.
Government moves to lower the costs of compliance for small to medium sized businesses come with a two edged sword. They remove the requirement for an estimated 98 per cent of New Zealand businesses to prepare general purpose financial statements, but they have left many businesses rudderless when navigating the financial oceans.
Tim Keenan, Partner and National Director, Privately Held Business at Grant Thornton New Zealand, looks at reasons why companies are getting into financial strife, particularly in the Christchurch construction sector.
Brent Kennerley, Head of Not for Profit at Grant Thornton New Zealand, explains why charities have to link their social media metrics to strategic objectives – and the tools you can trust.
Two and a half years ago, Grant Thornton New Zealand acquired the successful boutique consultancy, Management Toolbox which is now a hugely successful arm of the firm and has been integrated more widely into Grant Thornton’s global business consultancy offering.
Only 26% of New Zealand business leaders believe the OECD Base Erosion and Profit Shifting (BEPS) Action Plan is likely to be successful, according to the latest Grant Thornton International Business Report survey.
A longer parliamentary term and fewer members of Parliament are two key changes that New Zealand business owners would like to see, according to the Grant Thornton International Business Report (IBR).
While many Not for Profit organisations (NFPs) consider social media to be an important channel to deliver their communications and fundraising goals, few incorporate social media as a core strategy to capitalise on interactive opportunity to engage with new communities.
Reporting regularly and controlling costs is essential to successfully running a business, especially if the business runs on tight margins. Costs and profit drivers need to be understood; controlling costs has an immediate positive effect on a business’s bottom line and it’s often easier to save a dollar than to generate additional sales.