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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.
Budget 2014: Sticking plaster approach won’t cure issues in health sector
In the lead up to this year’s budget, the looming question remains, just how affordable will our public health system be in the future? Will a sticking plaster approach quell the unease or is a bigger change required?
We’ve shown the capacity for innovation within the health sector in the past. New Zealand politicians from both sides of the fence recently lauded the success of our Accident Compensation Corporation (ACC) scheme. ACC was first proposed by Sir Owen Woodhouse in the late 1960’s and was adopted by government in1974. We continue to be recognised as a world leader on this and many mature nations have not been able to replicate such a scheme to achieve no fault accident cover, leaving their courts clogged with a myriad of petty personal injury claims where only the lawyers gain.
You would think that given our capacity for such visionary policy development, our politicians could successfully achieve a similar outcome with a national health insurance scheme that effectively covers treatment costs for sickness.
We are constantly hearing about the ‘grey tsunami’ that’s looming in our midst. In the health sector, some of those in senior management are quietly suggesting all is well, while others are less comfortable with the direction of health funding, forecasting serious workforce challenges and an expectation that funding for leading edge technology will need to be increased.
Currently, we are the only country that actually taxes contributions to private health insurance schemes. Currently, contributors either fund this out of their after tax income or, if they are lucky enough to enjoy employer contributions to private health insurance, the employer gets hit in the pocket with fringe benefit tax. This regulation isn’t embracing the same community spirit that helped us found our successful ACC scheme four decades ago.
To further complicate matters, market-based solutions that work successfully in other sectors, won’t necessarily be effective in the health sector.
The major sources of market failure in the health sector are the monopoly power of providers and uncertainty amongst consumers. There are also barriers to entry, in that health care professionals must be licenced by law, and there are constraints on access to care, either through physical location of consumers or the decisions of providers.
We only need to look across to Spain and Holland to see examples of countries challenged by a burgeoning health spend that was only tempered by the introduction of national health insurance. Germany, on the other hand, established a public health insurance scheme over 100 years ago. Our close neighbour, Australia also established a national health insurance scheme during the 1970s, although the succession of governments in Australia hampered the full implementation of all intended aspects of the original proposals.
Moving to a national health insurance scheme is not an overnight decision, but one that should be seriously considered in this year’s budget. Complex planning will be needed to implement it and along with that, agreements on health policy goals and maintenance of our existing health infrastructure. However some of this hard work may already have been done with the existing ACC infrastructure. And once a scheme is set up, it needs to be politically robust enough to withstand changes in government. It could easily be an excellent platform for cross party policy development.
Any political move to support a significant ground shift in the funding of social policy is the domain of the bold and the brave, stepping forth into new territory. We have done it successfully before on other social policy matters. Surely we are no less brave and capable to successfully do it again.
Further enquiries, please contact:
Pam Newlove
Partner, Privately Held Business and Chair of the Grant Thornton New Zealand Board
T +64 (0)9 308 2579
E pam.newlove@nz.gt.com