New Zealand: A Brief Tax Lesson

There’s a lot of misconceptions regarding New Zealand. Namely, that it’s ideal for those seeking a lifestyle with minimal taxes. But, in short, New Zealand is not such a “tax haven” after all. Not even close, according to Geoffrey Cone.

Geoffrey Cone is essentially an expert on all things taxes. Cone, who is currently a partner at law firm Cone Marshall, has a post graduate diploma in tax and trust law and has been working as a tax and trust adviser in Auckland City, New Zealand for over 18 years now. In short, he knows what he’s talking about.

So, while New Zealand isn’t exactly a tax haven, it does have an impressive record of maintaining transparency, being among one of the first countries to implement an internationally agreed-upon tax standard that would allow for the easier exchange of information internationally, which helps each country enforce their own tax laws locally.

New laws were introduced in 2006, legally requiring trustees of foreign trusts to submit the proper paperwork and maintain accurate financial records for tax purposes. These financial records include the trust deed, details of any settlements and distributions, including names and addresses of all involved, a detailed description of the trust’s assets, and must specify the amount of money that the trustee receives and spends.

To avoid incurring a fine, the trustee has to make sure that, in addition to being very detailed, the records are all in English, as of 2011.

New Zealand has several tax agreements in place with other countries, all which help minimize the likelihood of successful tax evasion. While New Zealand is certainly not a tax haven, it is a pioneer internationally when it comes to safely enforcing solid laws, an ideal location to maintain and keep track of one’s assets.

Internationally, New Zealand-based tax lawyers and accountants are known for their exceptional ability to keep track of and maintain foreign trusts on behalf of clients living abroad. This puts New Zealand on par with Singapore, Britain, and the United States, as all of these also have similar tax laws and require complete transparency. This, New Zealand’s impressive reputation, is hard-earned, and well-deserved.

Susan McGalla: A Shrewd Business Woman and Empowering Mentor

As much as many women are rising to the top of their careers, many more of them still find themselves stagnating. Most women have ambitions to advance to the top in their careers but often find that the advice on they are given to achieve this feat as too generic.

Due to the vocal nature of women fighting for equality, forward strides have been made to level the playing field on Governments and non-governmental organizations have taken actions to ensure more women are represented in various leadership roles.

The business world which is traditionally male dominated especially in the top positions has seen more women take those top position and women like Susan McGalla are right there in the mix.

Susan McGalla is the founder of P3, an Executive Consulting firm in Pittsburg, which provides its expertise to clients in various fields such as marketing, branding and much more. Susan is also a Director of Strategic Planning and Growth for the Pittsburgh Steelers.

Susan’s glossy career started in 1986 where she worked for Joseph Horne for eight years. After that, McGalla joined American Eagle Outfitters where her hard work and general work ethics propelled her to Presidency and Chief Merchandising Officer for the brand.

Susan McGalla later joined Wet Seal and assumed the CEO title in 2011. However, her passion was in consultancy. She wanted to become an expert consultant for the financial investment and retail industry. Since then she has consulted for top financial firms when they need expertise in the retail space.

Susan has taken the initiative to empower other women to get ahead in business. Susan declares that her competitive nature stems from having grown up with two brothers and a football coach as a father. She says she was always encouraged to work hard and express her ideas with confidence regardless the audience.

Susan knows exactly what it takes to get to the top and staying in those management positions involves. She urges women to be professional, work hard, have passion and confidence, and network. Susan says networking is vital in marketing yourself and showing exactly what you are about.

Upon sharing her story, Susan tells the audience that nothing worthwhile in the world comes in an easy way. She adds that it is imperial that one understands their potential and strengths to achieve extraordinary things. Susan stressed that she had no doubt in her mind that she could get to the top levels.

Positive Reviews

Keeping up with a business has become harder than ever with the explosion of the Internet. It used to be for anyone that was trying to manage their reputation, or the reputation of their business, all they had to do was provide a good product or service and hope that their customers would talk to others about it. Those days are now long gone. No matter how a customer feels whether it be positive or negative about an individual businesses products or services, it is be home very common for those those people to let the world know about it. Online Reputation Reviews shares that it has become so easy to simply log onto a social media platform like Facebook, Instagram, or Twitter to let the world know how a business performs or whether a particular product is great or terrible. It is now easier than ever to interact with friends, family, or perfect strangers from anywhere to get A product review before purchasing it. While this is great for consumers, it has become a major concern for those that are providing the products or services and are trying to get their businesses off the ground. Therefore, it is exceedingly important that business owners and operators stay on top of their online presence and brand.
I creating websites, blogs, and social media profiles, a business can take some control over the publics perception of their bread. A great way to take things further and help to garnish a positive reputation or perception of a business, is for a business owner or operator to request that current and past customers leave a positive review of their experience with the company on their social media platforms, blog comments, or on the actual website itself. Most people that have had a positive experience with a company or product have absolutely no problem telling the rest of the global community just how they felt about that product or service. It only takes a few seconds for them to write a review, which could translate in to a lot of revenue for the business owner. It is never too late to ask for a positive review.