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Compliance and audit reviews
From mandates, best practice procedures or accreditations, to simply gaining peace of mind, our technical and industry experts have you covered.
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External audit
Strengthen business and stakeholder confidence with professionally verified results and insights.
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Financial reporting advisory
Deep expertise to help you navigate New Zealand’s constantly evolving regulatory environment.
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Corporate tax
Identify tax issues, risks and opportunities in your organisation, and implement strategies to improve your bottom line.
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Indirect tax
Stay on top of the indirect taxes that can impact your business at any given time.
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Individual tax
Preparing today to help you invest in tomorrow.
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Private business tax structuring
Find the best tax structure for your business.
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Tax disputes
In a dispute with Inland Revenue or facing an audit? Don’t go it alone.
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Research & development
R&D tax incentives are often underused and misunderstood – is your business maximising opportunities for making claims?
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Management reporting
You’re doing well, but could you be doing even better? Discover the power of management reporting.
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Financial reporting advisory
Deep expertise to help you navigate New Zealand’s constantly evolving regulatory environment.
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Succession planning
When it comes to a business strategy that’s as important as succession planning, you can’t afford to leave things to chance.
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Trust management
Fresh perspectives, practical solutions and flexible support for trusts and estate planning.
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Forecasting and budgeting
Prepare for every likely situation with robust budgeting and forecasting models.
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Outsourced accounting services
An extension of your team when you need us, so you can focus your time, energy and passion on your business.
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Setting up in New Zealand
Looking to set up a business in New Zealand? You’ve come to the right place.
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Policy reviews & development
Turn your risks into strengths with tailored policies that protect, guide and empower your business.
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Performance improvement
Every business has untapped potential. Unlock yours.
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Programme & project management
Successfully execute mission-critical changes to your organisation.
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Strategy
Make a choice about your vision and purpose, where you will play and how you will win – now and into the future.
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Risk
Manage risks with confidence to support your strategy.
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Cloud services
Leverage the cloud to keep your data safe, operate more efficiently, reduce costs and create a better experience for your employees and clients.
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Data analytics
Use your data to make better business decisions.
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IT assurance
Are your IT systems reliable, safe and compliant?
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Cyber resilience
As the benefits technology can deliver to your business increases, so too do the opportunities for cybercriminals.
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Virtual asset advisory
Helping you navigate the world of virtual currencies and decentralised financial systems.
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Virtual CSO
Security leadership and expertise when you need it.
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Debt advisory
Raise, refinance, restructure or manage debt to achieve the optimal funding structure for your organisation.
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Financial modelling
Understand the impact of your decisions before you make them.
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Raising finance
Access the best source of funding for your business with a sound business strategy and rigorous planning.
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Business valuations
Valuable decisions require valued insights.
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Complex and international services
Navigate the complexities of multi-jurisdictional insolvencies.
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Corporate insolvency
Achieve fair and orderly outcomes if your business – or part of it - is facing insolvency.
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Independent business review
Is your business viable today? Will it be viable tomorrow? Give your business a health check to find out.
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Litigation support
Straight forward advice from trusted advisors to support litigation and arbitration matters, expert determinations and other specialist hearings.
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Business valuations
Valuable decisions require valued insights.
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Forensic accounting & dispute advisory
Understand the true values, numbers and dollars at stake, as well as your obligations and rights to ensure value is preserved and complexities are managed.
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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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Investigation services
A fast and customised response when misconduct occurs in your business.
Seize the moment – Now is the time to invest for growth
Brave business decisions made now could reap major dividends as New Zealand companies and the world economy slowly emerge from the long-term effects of the Global Financial Crisis.
Tim Keenan, Partner and National Director, Privately Held Business, for Grant Thornton New Zealand, said that the Global Financial Crisis naturally selected the strong from the weak, but the time was now right for the smart companies to invest for growth and take the opportunity to snatch market share from competitors.
“Having emerged from three to four years of cost cutting and keeping tight control of expenditure it takes courage to loosen the purse strings and become more aggressive with marketing, hiring staff and upgrading plant and machinery.
“However, the time is now right for companies to get a leap on their competitors with most business indicators starting to head in the right direction. Spurred on by the estimated $40 billion rebuild of Christchurch, housing and infrastructure catch-up spending in Auckland and a New Zealand-wide rural economy that is being buoyed by a worldwide demand for our agricultural products,” he said.
The Australian economic indicators are not strong and New Zealand businesses need to be wary of Australian businesses looking to cross the Tasman and compete in our domestic market for new customers. This is incentive enough for New Zealand businesses to consider smart investment for taking advantage of the growth opportunities that will present themselves in the near future.
It is darkest before the dawn, and that is where the New Zealand economy sits.
“The New Zealand economy expanded by a relatively healthy 3.2% in 2012 and is expected to grow by 2.8% this year and average 3.1% a year from 2014 to 2017. This level of sustained growth will put other pressures on businesses.
“Already there are clear indications that skilled staff are in high demand and getting harder to find. Getting in now and securing quality staff, even if the capacity is not quite there yet, is a smart move for progressive companies looking to grow strongly in the future.
“The strong dollar is not favoured by exporters, but companies looking to buy new machinery or upgrade existing equipment, will find that now is a great time to invest with the New Zealand dollar trading at very strong levels.
“The economic hangover continues to impact larger economies in Europe and United States which helps as overseas demand for machinery and equipment remains tepid and manufacturers abroad are keen to offer sharp prices to keep stock moving,” he said.
Investment in marketing and advertising is traditionally one of the first things to be cut when a company is in a declining market, yet this is often the area that should be left untouched.
“When companies pull back on their advertising and marketing, three things can occur:
- they leave a void in the marketplace for competitors to snatch vital market share
- customers lose sight of their brand; and
- customers lose confidence in their brand.
“The New Zealand economy looks in for a good ride over the next five years as evidenced by confidence levels running at a three-year high. With the likelihood of the re-emergence of the US economy and the gradual rise of parts of Europe, the future for New Zealand companies is bright.
“Firms with the confidence to be the ‘early bird’ and position now for the future will get a march on their competitors and an increased share of their domestic market,” Tim Keenan said.
Further enquiries, please contact:
Tim Keenan
Partner & National Director, Privately Held Business
M +64 (0)21 670 323
E tim.keenan@nz.gt.com