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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 2015: Great Expectations
Great Expectations
In the wake of a more than convincing election victory, the Government now needs to set its sights on carefully managing electorate expectations in Budget 2015.
Four key platforms have characterised the last three Budgets; returning the Government budget to surplus and reducing debt; creating a more productive and competitive economy through a range of micro-economic reforms; embedding a focus on results to ensure better value for money from public services; and continuing to support the Christchurch rebuild.
So what are some of the great expectations the Government has to manage in 2015?
Against a backdrop of an expanding economy and sustained economic growth, the December 2014 outlook reversed a previously forecast surplus of operating balance gains and losses (OBEGAL) of $297 million to a deficit of $572 million (which currently represents 0.2% of GDP). But in turn this year’s projected loss will then become a modest surplus of $565 million, which relative to other OECD countries puts New Zealand in a good position.
To continue its quest to build a more productive and competitive economy via the Business Growth Agenda, Budget 2015 will reveal continued investment in skills, training and apprenticeships, incentives to further increase the number of building consents, revising the current system for processing oil and gas permits, an improved infrastructure system that supports businesses both internationally and domestically, and helping businesses access the capital they need to grow.
New Zealand also has a public sector that represents a quarter of New Zealand’s economy. So if the Government is to reduce long-term welfare dependence, crime and educational under-achievement, we are likely to see more focus on servicing the needs of users and customers, rather than agency boundaries. Crown expenses are expected to total $73 billion and increase to $83 billion by 2018/19. Together health, education and social welfare still make up $52 billion or just over 71% of this, so it’s no surprise that Ministers of the Crown have made it clear that that there will be priority spending in these areas. Most other areas will be expected to remain within current baselines. The mantra of achieving “more with less” will continue to focus the thinking of the leadership teams in many Government departments and Crown entities
And who can forget National’s electoral landslide in Canterbury? We can certainly expect some detailed commentary about Christchurch and the Government’s remaining $16 billion contribution to its rebuild.
Electorates also have the enticing prospects of further reducing both household and business ACC levies and lowering income taxes from 2017 for low and middle-income earners.
And as we have already heard from the Prime Minister, another focus for Budget 2015 will be continuing work to deliver better outcomes from social housing for New Zealanders in need. From announcements made to date it’s clear that housing community providers will continue to grow in importance in the social housing sector.
So it appears that the Government is gilding its hat trick of election wins with a Budget to please many and disappoint very few. It will be interesting to watch the story unfold on 22 May 2015, but even more fascinating will be the post-Budget the response from the voting public and the pundits.
Further enquiries, please contact:
Mark Hucklesby
National Technical Director and Partner
Grant Thornton New Zealand
T +64 (0)9 308 2534
E mark.hucklesby@nz.gt.com