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.
The William Buck Hour could be the most profitable hour you spend this year.
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.
The William Buck Health Hour could be the most profitable hour you spend this year.
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.
Looking to join a team that offers more than just co-workers? We’re proud to have built a firm which engenders loyalty and provides an environment in which life-long professional connections and friendships can flourish.
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We offer a workplace where striving for excellence and being supported to achieve your professional and personal best, are par for the course.
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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.
Applying for a graduate position at William Buck is the first step in a rewarding career.
Our people are the reason for our success. In recognition of this we have comprehensive learning and development programs to ensure our employees are given the right opportunities to grow both as professionals and as people.
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Applying for a role at William Buck is the first step in a rewarding new career.
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Check out our latest research reports, looking at the key trends and issues faced by the mid-market.
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In just one hour our experienced business advisors can prepare an independent assessment of your business through analysis of the key fundamentals of successful growth; your business, your finance and your people.
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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 PAUL COPELAND
DIRECTOR, BUSINESS ADVISORY
Medical practitioners may soon find that upon entering private practice their respective medical colleges are providing hard hats and camouflage jackets as the “attacks” against the profession and its financial viability continue to mount.
While this may be an exaggerated point, the next price rise in health insurance premiums from 1 April is expected to see even more Australians cut or drop their private health insurance coverage. The estimated 5% rise in premiums will take top average family hospital cover to almost $4,500 a year and a price lift of around $1,250 for singles. It is likely there will be a flow on effect to specialist health practitioners.
Speaking with specialist practitioners in the regions, they are concerned about the impact of the rise in private health premiums exacerbating the tough times they are already experiencing from sluggish local economies.
Then there is the under-reported issue of the growing number of doctors when compared to patients. While it is often reported there is still a shortage of doctors, the data from the Australian Bureau of Statistics (ABS) does not support this. According to the ABS website, the numbers of General Practitioners rose from 32,000 in 2001 to 43,400 in 2011. This equates to a fall in the ratio of doctors to patients from 1:586 in 2001 to 1:495 in 2011. The number is predicted to fall even further when the 2016 census data is released. Specialists are also feeling the pinch with the ratio of specialists to patients dropping from 1:1182 in 2001 to 1:848 in 2011.
The Australian Medical Association and other medical bodies are actively lobbying the government to avoid increasing the number of medical places available in universities in a bid to manage the supply of doctors. This would seem to be at odds with the potential government policy of graduating more and more doctors to increase the supply and ultimately try to bring down the costs of healthcare.
The industry is also well aware of the Medicare rebate freeze and the anticipated impact this is likely to have on general practices over the coming years. Financial projections suggest that bulk billing general practitioners can expect to see an approximate reduction in the real value of their income by 9.63% over the next three years and a reduction of up to 50% in the profitability of their practices. This will be outside the revenue from subsidies such as the Practice Incentive Program and Practice Nurse Incentive Program.
While much attention is given within the medical industry to clinical success and training, there still remains a reluctance and in some cases, apathy, on behalf of doctors to consider and manage the business side of their practices. As it becomes increasingly harder and more competitive, this will need to change and doctors will need to focus on the business side of their practices to retain their profitability.
Whether you are just starting out, running a growing practice or looking to exit, developing a strategic plan, particularly in the current environment, can provide clarity and focus for what comes next. Strategic planning is the process of articulating your vision for your practice so that you can communicate it effectively to your team and advisors.
Effective strategic planning will identify where your organisation is currently positioned, where you would like to be and then set out the actions needed to move towards the vision. You can then develop reporting tools to measure and monitor progress towards your vision.
Strategic planning will also provide better clarity around your current and future resourcing needs when it comes to your employees and what is expected from them. For a medical centre to operate efficiently, everyone needs to know the role that they play and how they contribute to the practice.
Consider this: if you asked your head receptionist to write down the top three things you as the practice owner want from them, and then you write down your answer to the same question – are you confident that the answers would be the same? If you answer ‘No’ like 93% of other respondents, how can your practice be operating at peak efficiency?
Most importantly, as the number of practitioners surges and competition for the health spend by patients increases, it is important to articulate your point of difference. Why should a patient come to your practice?
Strategic planning will look at your strategies for growth and maintaining your patient base in addition to the services you are currently providing your patients. The patient experience with your practice starts well before a patient sees a practitioner and can continue after they have seen the doctor. If the patient’s experience with the practice is not optimal this can impact on your reputation and image.
William Buck will facilitate a strategic planning day with the relevant stakeholders of the business from which a tangible action plan is developed.
The journey commences with an alignment exercise. Within any organisation, owners and decision makers can have different ideas about staff, products, processes and direction. Prior to the strategic planning day, each participant completes an online questionnaire to about their thoughts on key elements of the business. This material is used to prompt and facilitate discussion about opportunities, issues and differences which may exist between the stakeholders.
The session commences with developing or redefining a meaningful and consistent vision for the business. This is the most important part of the day as it determines the direction the organisation will take and the relevant actions.
We introduce you to business planning tools to allow you to focus on and develop the key elements of the business (what we like to call the corporate platform), being:
We then assist in developing a tangible action plan, including assignment of responsibilities and timeframes, in order for the organisation to move towards the vision.
Following on from the session, we will prepare and issue a strategic planning report.
Implementing change and improving your practice is a process and not an event. In the face of an uncertain health industry future that needs to drive better long-term healthcare effectiveness, it’s more important than ever to be ahead of the curve.
Change is possible with a plan, vision and clarity and the right strategic planning model will help you move your practice forward.