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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
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Forensic and investigation services
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Independent business review
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IT forensics
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Raising finance
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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
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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
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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
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Project assurance
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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.
NZ business confidence weakens slightly but ahead of key markets
Although New Zealand business confidence has dropped 8 percentage points to 34 percent in the last quarter, it is still well ahead of the global average of 8 per cent and well ahead of several of our leading trading partners, according to the latest research from Grant Thornton’s International Business Report (IBR).
Of the 3,000 companies surveyed, New Zealand was ranked 16th with Peru being the most optimistic at 91 percent and Japan the least at -65 percent. Australia and the US were both ranked four spots below New Zealand on 19 percent, Singapore 16 percent, Mainland China 11 percent and the United Kingdom -12 percent.
Peter Sherwin, Partner with Grant Thornton New Zealand, said that the figures reflect the influence of the two major economic concerns in the world at present – the crisis in Europe, especially Greece and Spain and the slowing of the Chinese economy.
“When you look at the fall year-on-year, you get a pretty stark picture of the world economy. In Europe, French confidence is down at 41 percent, Netherlands 38 percent, Italy percent and Germany 20 percent, while in Asia, Singapore confidence has dropped 36 percentage points in the last year and Hong Kong 34 percent.
“Even Australia, the lucky country, is not spared. Confidence levels over there have dropped 9 percentage points over the last year compared with 4 percent in New Zealand.”
While New Zealand confidence levels are holding up in a depressed global economy, there are mixed messages from other statistics covered in the report.
“Of major concern is the number of companies highlighting the constraints being placed on their businesses by a lack of skilled staff. Half of the New Zealand businesses surveyed indicated that this was holding them back, an increase from 36 percent a year ago. Regulations and red tape was also noted by 46 percent of the companies, up from 26 percent a year ago.
“Also of concern was employment growth. We are almost at the bottom of the pile with a net 9 percent of companies having increased staff numbers in the last year. This is the sixth lowest figure in the world putting us ahead of Greece, Spain, Ireland, Poland and the Netherlands and just behind Japan and Italy.
“With the rebuild in Canterbury starting to accelerate, and the need for a sustained push to develop new homes in Auckland, these figures are alarming, and that is only looking at the building sector alone,” he said.
One bright note from the survey was the intention of 68 percent of companies looking to invest in plant and machinery and 38 percent in research and development. This is a lift of 14 percent and 16 percent respectively over the last year.
The growing handbrake for New Zealand Business’s is the shortage of a skilled workforce.
The game changer for the Government is to fund more intensive training for the unemployed and unskilled and to provide subsidies for business’s to create new jobs.
Further enquiries, please contact:
Peter Sherwin
Partner, Privately Held Business
T +64 (0)4 495 3777
M+64 (0)21 638 522
E peter.sherwin@nz.gt.com