New Zealand Needs Special Economic Zone

We know New Zealand needs to be more productive we need more overseas investment, in housing supply jobs and business,  we also need economic diversification away from our over-reliance on the primary sectors such as beef and dairy. To do this we need to set up special economic zones to encourage overseas investment kick to start growth in our regions and help solve Auckland’s Housing crisis I think the Government and our parties on the left and right need to be a bit more proactive in the area of economic planning.

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I am a fan of setting up a limited special economic zones in parts of New Zealand to support growth in the regions provide much-needed jobs and opportunity to locals and businesses,  with a final TPP agreement ready to be signed and with the FTA with China, New Zealand is in  a special portions to take advantage of both markets in the east and west,  should and need to capitalise on both these markets and set up the  New Zealand special economic zones.

At the same time, there needs to have some overwatch so international companies don’t miss you use this policy and the special economic zones. This is where parties from all sides of the House need to find a way to work together for a long-term unified economic policy or we will never get past the same old routine of spend cut and promise every three years.

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Special economic zones may be needed across NZ 

Credit to: Act Party NZ DAVID SEYMOUR

A New Zealand Initiative report on special economic zones (SEZ) has been welcomed by ACT Leader David Seymour.

“Letting local authorities opt in or out of certain policy settings could provide a low-risk alternative to the one-size-fits-all regulatory approach. Read more

Laisvoji Economic Zone 

The Laisvoji Economic Zone is a Lithuanian free economic zone and an example for New Zealand to Look at:

 

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New Zealand Initiative

Credit to: NZ Initiative

Top Key Points of the NZ Initiative Report;

  • Special Economic Zones (SEZs) could provide New Zealand’s cities and regions with the policy tools to pursue growth and a greater financial stake in the benefits of growth. The approach can allow Auckland to solve its housing crisis, allow regions to find the solutions that work for them, and end much of the current adversarial relationship between central and local government.
  • Localized policies are suited to local conditions, cost less, and are easier to revert. They can act as case studies for other areas, demonstrating what works.
  • China’s Shenzhen SEZ has proven to be a spectacular success and showcases the possibilities of a SEZ. Shenzhen itself was partially inspired by Hong Kong’s example. Innovations developed in Shenzhen spread outward, benefitting broader regions.
  • SEZs are not economic concession zones, where governments seek to direct investment to particular areas through tax or regulatory concessions. Reforms applied in any SEZ should be available to any other district or regional council requesting them. SEZs can work well in recognizing regional differences and testing reforms; concession areas are less well supported.

To read the full Report click here

 

 

 

Free Personal Tax Retune

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So everyone loves free money and one way to get yourself on some of the sweet free money. is to apply for a Tax Refund at the end of every financial year, most Kiwis working full time on average will get back about $400 per year and you can apply going back 5 years. So how can we do this we have all seen the stories are the mall and adds on TV but some of that business can charge you anywhere from $50 to $150 sometimes more.

I am here to tell you a no bull easy way to keep 100% on your own money, I will be doing myself out of some business and I won’t be too popular with my accountant friends, but everyone should be doing this after all it is your money.

Your will need to be

  • nrH3fPD4sJ5UPCWEERFcpCWll6AUUTHHpfuExjDKHelgdeTGJ6Kurx5TOu1Fd6rOaXbTp3XL_odNmtnaS9E=s0-d-e1-ftwere a beneficiary, salary or wage earner
  • paid donations
  • filed a tax return (your boss will do this for you)

What do I need

  • IRD number
  • sign up to a My IR Account
  • Bank account number
  1. So the first thing you will need is to create a
  2. MyIR Account this can be done here then once this is done you will need to add you Bank Account to your my Details page.  (only once(
  3. Then you need to call the IRD 0800 775 247 and say “Income Tax” the then will ask you for your IRD number my advice is to say “I don’t have it” as then you will put through to a real person and then they will confirm your IRD number and personal details.
  4. then you want to ask for a personal tax summary and a tax refund, the people over at the IRD are they to help and answer any question you have.
  5. GET PAID INTO YOUR ACCOUNT.

 

Useful IRD links

Tax Refunds information

http://www.ird.govt.nz/online-services/ir-online-services-register.html

 

Create a MyIR Account

http://www.ird.govt.nz/online-services/ir-online-services-register.html

Xero Education

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Need Xero training for your or your business, with options to become a Xero Certified
Advisor and get some NCEA Credits, and being a government subsidised course options there is no reason why not to sign up right now. In this practical hands-on Xero accounting course, you will get all the training you need on the Xero Accounting platform.

Our programs are developed to help deliver, the best hands on practical education, something we like to call real-world education. Through our partnerships with XERO, and Auckland Community Education we can provide corporate and classroom based learning across Auckland in convenient locations.

Need Xero training, with options to become a Xero Certified Advisor?  Why not sign up right now.

In this practical hands-on Xero accounting course you will get all the training you need on the Xero Accounting platform.

What we will cover

  • Invoicing, Paying bills, Inventory, Bankfeeds and Expense Claims
  • How to set up and maintain a business on Xero
  • GST, income tax and more
  • Bank reconciling and budgeting
  • NCEA credits if required

What will I get

  • Skills and experience; both in high demand in today’s workplace.

BOOK NOW BY CONTACTING

Phone 0211030025

Email office.emet@gmail.com

 

 

 

Our Mission

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We are a local and dedicated New Zealand Business Consultants and Tax Accountants working with small to medium business and NGO’s  in New Zealand and Asia Pacific regions to increase trade, profitability building trust and friendly networks on a practical level for our client’s and the community.

We aim to achieve this by starting at the ground and implementing practical processes and education that can be seen right away moving your business forward with positive results. We believe building a good business and business networks are like building a house, you start with the foundations and you work your way up.
We want to change the world by opening up the world of business to millions of people and making them masters of their own destiny.

 

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