William Buck New Zealand
As a fully integrated firm of Chartered Accountants and advisors, William Buck provides a complete solution. Putting you at the core of the business, our advisors work together to ensure that careful consideration is given to your business and personal wealth affairs.
Working closely with you and your team, our Business Advisors can help you plan and implement contemporary business strategies and practices to meet your business’s full potential.
Our commercially minded tax specialists offer clear, responsive advice to manage your tax risk, address local and international issues, and develop strategies to optimise your tax position.
Our highly experienced team of liquidators and trustees use their extensive expertise to assist in times of financial distress, achieving the best outcome for all stakeholders.
Our audit team has extensive experience in a range of engagements, giving stakeholders independent and objective assurance on financial information, transactions and processes.
By understanding not only what you want to achieve but why it’s important, our wealth advisors can create strategies attuned to your key priorities. The end result is a plan focused on your life goals.
Our Corporate Advisory team provides objective, strategic and commercial advice across a broad range of business issues. Our work spans the breadth each engagement from the origination of ideas to managing the transaction process, valuation and structuring.
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Sweeping changes to financial reporting may impact your financial position and business operations.
Our experts are here to help you understand what you need to know about Safe Harbour legislation.
William Buck has a team of professionals with specialist experience and know-how on a range of industry sectors.
Our advisors understand the risks and opportunities unique to the agribusiness sector. Taking a strategic view of your operations they provide relevant guidance and advice.
Assisting public and private schools, vocational colleges, universities and private training providers, our education specialists provide timely and valuable assurance services together with strategic, financial and management advice.
Our Government and public sector team has substantial experience in assisting all levels of government to review their structures and develop strategies, in line with relevant legislative requirements and accounting and audit standards.
Working with over 1,600 clients in the health sector, our advisors help practitioners and health care corporates achieve their business and personal goals
Our hospitality and tourism team has a working knowledge of the industry which, when combined with our technical knowledge, can assist you in reaching your commercial goals.
By staying on top of changes in the manufacturing sector, our industry experts provide relevant and timely guidance to a broad range of manufacturing business.
Our mining and energy team has the experience and resources to help start-ups, developing businesses and well-established companies to meet their commercial goals.
Integrity and transparency are at the heart of the best Not for Profit organisations. These values re shared by our dedicated Not for Profit team, which helps entities to establish to improve performance and develop strategies for long-term growth.
Our advisors understand the challenges and opportunities facing the professional services sector first hand. This experience together with our expertise helps to determine your strategic objectives and provide concise, relevant advice to help you achieve your goals.
Our property and construction team assist on a wide range of assignments from property development to construction and large infrastructure projects. Their diverse experience, technical expertise and commercial know-how to help you tackle the important issues.
Our retail and wholesale team works with a variety of businesses from family owned operations to franchises and larger chains, to provide advice and guidance on the issues that count.
Our transport and distribution team works with businesses to review their operations, improve efficiency and productivity and ensure compliance with the latest regulatory developments.
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We work with individuals, businesses and community organisations with a particular focus on the mid-market. Drawing on our extensive experience, our advisors will challenge your thinking and re-frame problems to understand their root-cause.
We’re more than just accountants and advisors, we aspire to create positive change in the lives of our clients and our people.
Life as a CFO can be complex, exciting and demanding. Combining technical excellence with decades of working closely with and listening to the needs of CFOs, our advisors understand the competing demands of your role.
Whatever your needs, we have the expert resources to create the best outcome for you and your business. As our client, you’ll benefit from our integrated services model that puts you at the core of its business.
We create and implement personal wealth plans and tax strategies that give our clients greater certainty that their financial and personal goals will be met.
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Our professionals are experts in their fields and are skilled at providing jargon-free, practical and comprehensive advice, allowing you to get to the heart of your matter.
Interested in joining our team? We have positions across Australia and New Zealand for forward thinking, enthusiastic, intelligent individuals.
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We foster a dynamic and respectful work culture, where growth and development are encouraged, and initiative is rewarded.
We’re committed to recruiting outstanding people. Our culture is built on respect and team work, making William Buck a great place to develop a rewarding career. From day one, you will be given every opportunity to realise your full potential.
We boast a culture that values each individual employee as an essential part of the team and places a high priority on helping you reach your full potential, personally and professionally.
Hello. Kia Ora. Talofa. Ni Ho. However, you say it, there’s always a warm welcome at William Buck. Creating an enjoyable environment to spend our days is part of our master plan to create an exceptional place to work.
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Established in 1895, we’re more than just advisors; offering a full range of services and 360 degree support, we aspire to create a positive change in the lives of our clients and our people.
As a member of Praxity, the world’s largest international accounting alliance, our local team is supported by our extensive network, representing an unrivalled global resource and knowledge pool.
From Western Australia, to New Zealand; and everything in-between; check out our offices, and local team, representing an unrivalled global resource and knowledge pool.
By Mark Calvetti
DIRECTOR, CORPORATE ADVISORY
By Gil Abras
DIRECTOR, BUSINESS ADVISORY
The changing shape of healthcare
With a steady aging population, staff shortages, rising care costs and funding trials, it’s fair to say that the healthcare sector is facing a number of challenges; but there’s still one big change that’s set to transform the industry – technology.
Healthcare of the future is going to be very different from today. Technology and innovation are playing a key role in changing the healthcare system. Technological advances such as artificial intelligence (AI), blockchain, robotics and digital health are already transforming the doctor-patient experience and re-inventing the medical profession.
The exponential growth of technology combined with evolving patient behaviours and preferences will create new opportunities and challenges. In today’s digital age, patients are using social media, websites and forums to self-diagnosis and explore remedies.
These changes are creating enormous pressure throughout the industry and innovations such as AI and wearable technologies are changing how care is delivered and paid for, but also transforming business models of hospitals and health providers. As much as businesses focus on finding the right technology solutions, it’s also about changing the culture of healthcare, so innovation is nurtured and start-ups can prosper to keep up with these demands.
Changing culture requires a fundamental reshape in how research is undertaken, so that start-ups can overcome the top challenge they face – funding and commercialisation. Although research in Australia is strong, with world-class research facilities, training and health precincts located around the nation and discoveries being made all the time – the leap from development into commercialisation has followed suit.
The ability to progress ground breaking medical research into a commercialised, successful product such as drugs, medical devices and other products or services that benefit the patient, can commonly fall into the funding gap; what is also known as the ‘valley of death’.
Another contributor to this problem, is the fact that many Australian Medical Research Institutes (MRI) rely on government grants and private donors as a main source of funding. The consequence of this is that they then publish their medical research in support of such funding, but unfortunately by doing so they also forgo IP rights (if not already protected) which leads to a serious problem when trying to commercialise the medical research. According to the Association of Australian Medical Research Institutes (AAMRI), more than 23,000 medical researchers are conducting medical research in MRI, universities and hospitals around the nation. Australia is commonly known as a leading country for science and creativity but has failed to maintain its ranking among the OECD countries when it comes to commercialisation of its innovation. Although some progress has been made over the last few years, we still struggle when it comes to commercialisation of medical research and collaboration between researchers and businesses.
In January 2018, Innovation and Science Australia launched a document with 30 recommendations to strengthen Australia’s innovation performance and put us in the international top-tier by 2030, showing evidence that the government is recognising the importance of innovation to Australia. Australia also has attractive R&D tax incentives already in place to encourage local and international reach.
Improving Business to MRI collaboration
We believe success lies in increased collaboration between MRI and the business community which will improve the chances of commercialisation of some of the incredible research currently being undertaken in Australia. MRI need to embrace the fact that the business community can open the door to global funding pools and international collaboration, and acceleration of their medical research. Furthermore, MRI, universities and hospitals need to protect their IP and appreciate its value earlier in the research stage. A vital step in this process is the development of functional and effective Technology Transfer Office.
The opportunities to innovate has driven non-healthcare companies and healthcare experts to collaborate and create new products and services.
The Health Innovation Series
To help overcome these issues, William Buck, HWL Ebsworth and Westpac host the Health Innovation Series; discussing the leading health issues facing Australians and the accelerated growth of digital health innovation.
The Health Innovation Series is about bringing together innovators, business leaders, industry bodies and government to drive collaboration and initiatives that will benefit the health industry. These events provide a platform for thought leadership and networking to make a positive difference and address ongoing health challenges in Australia.
Emerging technologies and breast cancer
One of the recent topics focused on breast cancer and the positive impacts of emerging technologies. In 2018, it’s estimated that 18,235 Australians will be diagnosed with breast cancer, this is an alarming average of 50 people each day. With today’s modern advancements, we’re seeing the number of people diagnosed with breast cancer in Australia increasing, but the number of deaths from breast cancer decreasing.
With early detection making it much easier to treat the disease, it’s also having an impact on reducing the healthcare costs over time. Not only is technology changing the patient experience, it’s having a huge impact on medical processes and the practices of healthcare professionals.
Breast Cancer Network Australia (BCNA) recently announced the Government’s plans to fast-track the process of creating an item number for 3-D mammography following the MBS Review Taskforce Diagnostic Imaging Committee’s positive recommendation. This will hopefully make such procedures more affordable and more accessible to Australians.
Three-dimensional mammography creates a three-dimensional picture of the breast using X-rays. Several low-dose images from different angles around the breast are used to create the 3-D picture. This is in comparison to a conventional mammogram that creates a two-dimensional image of the breast from two X-ray images of each breast.
Several studies have found that 3-D mammograms find more cancers than traditional 2-D mammograms and also reduce the number of false positives. The future of breast cancer screening also looks to include blood tests that can detect circulating tumour DNA.
“Potentially they could save more lives,” says Chris Pettigrew, research director of the National Breast Cancer Foundation, which is funding the research.
A simple blood test could replace uncomfortable mammograms in detecting breast cancer after ground-breaking Australian research. The test coupled with new 3D mammograms are being pioneered by two Australian doctors and will change the way to diagnose cancer that kills about 3000 women and men a year.
As a recent guest speaker at one of the events, The Honourable Nick Greiner AO, former Premier and Treasurer of NSW and Federal President of the Liberal Party shared his personal experience surviving breast cancer and the shift he’s seen with changes in technology, since his own diagnosis.
To support the development of disruptive medical technologies, it’s not just the responsibility of the health industry. It requires advocates in all aspects of business and champions such as the Hon. Nick Greiner who can bring personal experiences and insights. It is hoped that by bringing experts from across a number of industries, more emerging technologies can become commercialised and we can change the culture to keep up with the increased pressure and new demands.
Click here to access the BCNA statistics as an infographic (PDF).