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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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 CHRIS RYLANDS
PRINCIPAL, WEALTH ADVISORY
The March quarter inflation figures, released late in April, showed an unexpected drop in prices of -0.2% for the quarter and 1.3% year on year. The latter reading was well below the Reserve Bank of Australia’s (RBA) target range of 2 – 3%.
The largest declines came from the retail, food and transport sectors. Intense rivalry between domestic and offshore retailers, combined with lower oil prices were the main contributors to lower prices. The RBA moved quickly to cut the cash rate by 25 bps in May, to a new historic low of 1.75%.
The highest term deposit rates on offer are currently 2.85%, 2.90% and 3.05% across 3, 6 and 12 months respectively. We are negotiating directly with term deposit providers on a case by case basis to ensure we secure highest possible interest rate on your behalf.
Australian and global bonds returned 0.26% and 0.31% respectively in April as yields drifted higher. The increase in Government Bond yields was driven by increasing confidence as equity markets bounced higher in March and April from the February lows.
Australian bonds outperformed global bonds in May as the RBA cut domestic interest rates to a record low of 1.75%. Australian bonds returned 1.26% for the month, largely driven by capital gains1 in Government bonds as the yield on the Australian 10 year bond hit a record low. Global government bonds returned 0.57% for the month as yields fell across the major markets, pushing prices higher.
Australian bonds returned 1.33% in June, with the Australian 10-year Treasury yield falling to a new record low of 1.98% during the peak of the Brexit uncertainty. Likewise, Global bonds returned 1.98% during the month as a result of the flight to safety from equities into bonds. The performance during June highlighted the sector’s diversification benefits during periods of increased uncertainty.
Australian shares started the quarter stronger, building on the recovery from the February lows. The main drivers of performance were the materials and energy sectors, whilst banking stocks lagged as investors digested mixed earnings results.
Investors cheered the RBA’s May interest rate cut, with Australian shares moving 2.30% higher on the day of the announcement. Lower rates were supportive of shares, as was the decline in the $A. Healthcare stocks were the main driver of returns for the month, with investors attracted to the sector’s defensive qualities and offshore earnings which benefit from a falling $A.
Global equities were higher during April as global central banks paused in anticipation of upcoming Brexit volatility in June. The US Federal Reserve (Fed) and European Central Bank (ECB) both kept rates on hold, preferring to keep powder dry for a response to any Brexit fallout.
US economic data was better than expected in May, lifting US shares by 1.53% for the month and reassuring investors that the US economy could withstand higher interest rates. German shares were also higher as the ECB confirmed it would begin buying Corporates Bonds in an effort to reduce the cost of corporate debt.
Market falls in the wake of the Brexit vote meant that global equities were significantly weaker in June, with the UK market hardest hit. The major global markets have also bounced in the weeks post the Brexit announcement, with US and European shares up over 7%. The rebound was helped by verbal support from global central banks, with the Bank of Japan, Bank of England and ECB all hinting at potential intervention to stem market volatility.
The focus has now turned to the US reporting season which is occurring in the midst of US equities posting a series of new highs. With the SP500 trading on a PE Ratio of 17x (long term average of 14.3x), earnings will need to meet expectations for these levels to hold in the coming months. Approximately 68% of reporting companies have so far released earnings above expectations.
Hedge Fund2 strategies generally struggled with the increase in volatility during April and May. Many commodity and currency markets were lower in April, only to reverse course in May, wrong-footing many strategies. The plunge in many markets during the height of the Brexit volatility was a timely reminder of the diversification benefits of these strategies, with returns of 3 – 8% delivered during the month of June alone. The strategies benefited from the sharp fall in the British pound post the Brexit result and an increase in some commodity prices, primarily gold and silver.
1. There is an inverse relationship between the yield on a fixed rate Government Bond and the price. As investors buy Government bonds the price increases resulting in a lower yield and vice versa.
2. Hedge Funds aim to generate a return by using a number of strategies to take advantage of rising and falling prices across stocks, bonds, currencies and commodities.