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We’ve put together this guide to offshore accounts, to help you decide whether it’s something you should include in your financial planning. You may have read about high profile celebrities ostensibly using offshore bank accounts to get out of paying tax, but it’s not that simple and that is not a reason to have an
Offshore savings accounts are familiar to most people through media reports of celebrity scandals involving tax avoidance. However, the reality is that offshore account holders do have to pay tax, but there are other benefits that make them a good option. Contrary to popular opinion, you don’t have to be massively wealthy to take advantage of
It is crucial, as a new business owner that you acquire funding to bankroll operations, but banks are traditionally reluctant to lend to small companies, due to high risk factors. Instead, consider turning to alternative financing options, such as Crowdfunding, which can be far easier to obtain. Helping you utilise this financing method, Turner Little explains
It is rapidly becoming apparent that Brexit is changing the business landscape for the UK’s aspiring entrepreneurs. New research recently confirmed this, as almost half of the Britons surveyed said they believe that entrepreneurs will be the biggest winners of Brexit as the UK leaves the EU. Favourable climate The UK is one of the
Investors around the world generally prefer the structure of a Limited Liability Company (LLC). This is because it allows them to only have limited liability up to the amount they’ve invested, which helps to manage risk. There are various tax advantages and incentives offered by different countries, which are attractive for entrepreneurs who want to
New research from the University of Edinburgh Business school and RWTH Aachen University shows that entrepreneurs who write early stage business plans are 16% more likely to succeed. The report examined more than 1,000 start-ups and the progress made over a six-year period. Conclusions show that entrepreneurs focused on high growth were significantly (7%) more
A mixed partnership is a business strategy in which, for example, you form a limited company to manage your properties. This limited company becomes a formal partner in your business. This business structure is ideal for people who manage their own properties, but find it’s not viable to fully incorporate their business. Making the limited
Without customers, you don’t have a business. They’re the lifeblood of your success and that’s why generating leads and retaining current customers is essential. But how do you keep generating new leads? It’s something many small business owners worry about. We’ve got some top tips for lead generation to help you boost your customer base.
Your ultimate aim is to become your own boss. You have the idea, the energy, the time and the focus. But do you have the knowledge needed to run your own business? In order to be a successful entrepreneur you would greatly benefit from a good understanding of four key subjects: economics, computer science, accounting
Choosing a method to finance your business is the most important step you will take. If you’re not sure which way to go, have a look at our handy breakdown of the most common sources of finance. Finance from your bank All major banks offer various financial support choices for businesses. They can also give
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