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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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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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Transaction advisory
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Corporate 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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International tax
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Research and Development
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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
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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
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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
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Organisational & cultural change
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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
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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 businesses showing signs of optimism
Growing signs of an economic turnaround are highlighted by the attitude of New Zealand businesses in the latest Grant Thornton International Business Report (IBR) for the second quarter of 2012.
The survey suggests that Kiwi businesses have growing confidence in the economy over the next 12 months, the majority are expecting an increase in turnover/revenue, and profitability is tipped to grow.
Paul Kane, a Grant Thornton New Zealand partner, said the IBR results provided a heartening indicator that better economic times are ahead and were in contrast with the global market.
“The general message is that New Zealand businesses think the worst is behind them. They’ve gone through the pain of restructuring over the past two or three years and are now poised to reap the benefits of that. It’s also interesting to note that the more optimistic mood is shared across both North and South Islands.”
The IBR reveals that half the businesses surveyed are slightly optimistic about the country’s economy over the next year while the majority are confident of turnover/revenue with 64.80% of North Island businesses expecting an increase and 74.50% in the South Island. Anticipated improvement in profitability was also signalled; 72.2% of northern businesses tipping a rise and 61.70% in the south.
Kane said the higher figure in the South Island reflected the anticipated growth around the Christchurch rebuild and the spin-off for the construction sector, in particular.
Good news on the employment front is that 37% of North Island and 40.40% of South Island businesses expect jobs to increase but the availability of skilled workers is a concern, especially in the south where 34% saw it as more than a moderate issue versus 24.10% in the north.
“We sometimes hear a lot about unavailability of skilled workers in New Zealand but the reality is that the situation isn’t too bad although, again, Christchurch will buck the trend given the demands associated with the rebuild,” Kane said.
Cost of finance was of low concern by 48.10% of North Island businesses and 55.30% in the South Island while very few are picking a shortage of long term finance, at 3.70% and 2.10% respectively.
Kane said New Zealand’s more optimistic findings made interesting reading against international results.
“By comparison, on the global arena, business expectations for revenues, profits and employment remain at or below levels observed 18 months ago. Global economic uncertainty is weighing on short-term business growth prospects.”
The global economy is further highlighted by the sharp rise in the proportion of businesses in the Eurozone, China and the US, citing reduced demand as a constraint on expansion – at 44% in China, the highest level since 2009.
New Zealand businesses were asked if public private partnerships (PPPs) are the way of the future to develop New Zealand and its infrastructure. With only 16% against PPPs as a way forward, Kane said it was clear that business wanted less involvement from government to pave the way for private enterprise.
However, the attitude towards privatising assets was less clear cut with opinion more evenly divided; 34% of New Zealand businesses were against such a move, 30% said perhaps, and 36% were in favour.
Further enquiries, please contact:
Paul Kane
Partner
Grant Thornton New Zealand
D +64 (0)9 308 2576
M +64 (0)21 277 8835
E paul.kane@nz.gt.com