The growth of any business is greatly determined by finance.

To begin with, let’s define what ‘Offshore’ means.

‘Offshore’ simply means not in the country your current country of residence. So if you live in the UK but work in Spain, you would be termed to be ‘offshore’ in Spain and not in the UK.

Now there are several jurisdictions in the world, many of them right here in the UK, that offer a form of offshore banking that is quite similar in some ways to that offered by, say, a company established in the Channel Islands or ferrous States like Switzerland.

The difference is that whilst the offshore bank may be based somewhere in the Channel Islands, their bank account will usually be a transferred unchangeable interest in a bank account in the UK. So this means that if yours were to become bankrupt, for example, your interest would simply NOT be recoverable.

This is important to stress because many companies and businessmen establish ‘offshore’ bank accounts in various tax havens and onshore-offshore Finance Recreatures that open up a whole new array of possibilities.

In addition to enhanced security, there is also usually a degree of anonymity as the accounts are usually in a highly strategic location.

Many of these locations are in the low tax regions of Europe, Offshore Finance Recreatures or processed by offshore companies that have a UK ‘offshore presence’.

If the company pays no tax it is almost certain that the taxes assigned would be lower than in the UK, but that is the whole point – so what if you were a UK resident?

In common with the rest of Europe, you would be entitled to claim all the allowed benefits of being a foreign resident for tax purposes but you would be subject to penalties for failing to pay tax at the correct rate. These penalties are quite high and relate to the amounts which are due and can be quite dramatically high.

If, for example, you were to pay £150,000 in tax at the rate of 40% in the UK but only pay £80,000 because you are a foreign resident, the £80,000 will likely be collected in the UK.

This is not the only scenario. There may be no tax or even tax at all. There may be perhaps even no reporting of the owners of the capital of the company or the patterns of its profits and losses.

One other thing you may not understand about tax havens is that the ones we are most familiar with, such as the ones we all think of like Switzerland or the Cayman Islands, are known as tax havens because of their tax status.

Now let us consider another kind of offshore finance – and this is one source of finance that is not only legal but very desirable.

This kind of offshore finance is based on the principle of protecting yourself against excessive and clearly defined ‘Secondary Costs’.

It has a very important legal basis and grounding in fact. The British shareholders of a company set up offshore are protected against aggressive tax collectors and interest and searches.

If you want to protect against these kinds of increasingly harassed attacks and look at the advantages that this kind of offshore finance has to offer, then it pays to know the facts and make sure you are going to be protected.

In doing offshore finance for a company you will do well to draw up a high-quality 78-page lawyerly study that you can present to your company.

Please note that at no time should a company or individual director of a company make any representations or commitments in relation to companies or individuals with itself or its associates in relation to offshore finance.

Do not be put off by the fact that you are asked to obtain the certificate of capacity and evidence or advice.

You have the right to see it and all the supporting documentation and there are just two basic requirements – that you take copies of the documents and sign an agreement with the lawyer for the release of such documents and copies.

After signing, you need to obtain from the bank obtain a copy of your company’s balance sheet and balance of payments as well as the annual filings, and pay what is required.

You only need to use a reputable offshore finance law firm that has an excellent track record and is free from any litigation with any of its clients.

Remember, what you are doing is perfectly legitimate and can be a highly profitable investment.

You recently finished your tax return and now it’s time to check your account. Big deal. You need to check your account to see how you did. Whether you want to know how you did at tax time or just want to see how the refund was, checking your account will give you an immediate goal to work toward.

One myth that many taxpayers do not know about their refunds is that the total is shrinking fast. If you check your account and find an excess, it is not just fake money in your pocket. Many taxpayers assume that the money is being magically deducted from their account and they are missing out on a big refund. If this happens, you are losing your refund forever. The only getting your money back is by filing for a tax refund extension.

Are you gaining or losing on your refund? Check your bank. If the total is growing, you are gaining. If you check your account and find $900 (or less) in your account, you are losing.

Does everyone who checks your checking account hate you? The tax preparers and the bank staff do not hate you. It is all a numbers game. The more you know about numbers, the better your position in negotiating your account. The most aggressive of these aggressive accountants work with the least Switzerland hiding money. The slow ones will hide the most. If you held onto too many banks and account numbers and relative balances, you have more asking to be paid.

Knowledge is power. So, it is with your friends. If you know how many accounts you have, how much money is in each one, and what the balances are, you will be better qualified to say ” hey, I got a refund and it turned out good guys.” Everyone else will have to make do with the numbers they were given because you will get a ranking for correct or wrong money management.

Do you know how much debt you owe? Did the IRS know? Some people think that the IRS does not know how much debt you owe. In fact, they know. But IRS is very religious about people paying and serving taxes. Generally speaking, if you clean up your debt, IRS will release your lien. Once paid, it stays paid for 10 years. It might be better to pay it or leave it unpaid. But you get the idea. IRS likes to see people pay, with or without you paying. More likely than not, you will not know how much you owe.

People often ask how IRS knows if they pay taxes. IRS uses a mysterious program called lien search. It uses data records that include property ownership and records of tax liens to get a picture of what is owed. They can go back years but usually keep three years of records. The IRS does not know who has paid what until settlements are negotiated. Then IRS will know who owes taxes, how much, and to what entity.

On the plus side, waiting 10 years to give less of other people’s money is a small price to pay for not knowing who owes taxes.

Check Your Bank Account?

Did you check your debit card account lately? If you are worried that the government has had access to your checking and savings account numbers, you are not alone. Every year hundreds of customers unknowingly give out their bank account numbers to the IRS. The IRS doesn’t need that information to know how much it’s been racking up. In fact, it may be leaving your bank account with hundreds or even thousands more funds than you electronically put in.

How to Protect Your Money from the IRS

If you pay interest on your savings account, stop and think about it. Was the interest being saved in your account used to pay for necessities of life, such as food, utilities, your home, credit cards? If you use your debit card to pay for essentials, then what happens if the IRS comes knocking on your door, garnishing your wages, and taking away your house? This can get very serious, very fast.

If you want to keep your money away from the IRS for as long as possible, pay your taxes on or before their due date, and put your money into a bank. If you deposit your money into your bank account, all positive information about income and deductions will be reflected in your account, and the IRS can’t access any of the funds in your account before the date of your tax return. Also, if there are funds in your account, they can’t withdraw or remove any of them without due process.

Know Your Rights

If you are in trouble with the IRS, know your rights. Most people are unfamiliar with due process rights granted to taxpayers under the law. If you know what they are, you will be less likely to be taken advantage of.

Online banking is increasingly becoming a trend amongst consumers mindful of the advantages of online banking as a means to conduct their daily finances and access their accounts 24/7. Rather than having to wait in line at the bank to access your accounts, online banks enable consumers to access their accounts via a computer or a phone line from virtually anywhere in the world. Using technologies like internet banking, consumers can now access their accounts by simply logging into their personal accounts online.

When online banking becomes the new standard, access to your accounts is made easy and convenient. You can access your account, make bill payments, and transfer money at any time and anywhere, regardless of the time of day or night. Some banks even offer the convenience of electronic fund transfer to enable you to access your funds anywhere, using a specific computer from your bank. You can also view and use the sector personal account information file, which lets you keep track of Your Assets and Liabilities, the information that updates your information each month and helps you with risk assessments.

The ability to garner easy access to your online bank accounts has helped increase the number of online account users from around 21% in 2003 to an estimated 55% of Internet bank users in 2009 together with a significant increase in the number of Internet bank account holders in recent years. A combination of improved online banking facilities, greater security approval, and greater identity theft concerns have led to an explosion in the online banking market.

The market is exploding as a result of growing interest in the banking market over the last three years. The banking industry is attempting to capitalize on this increase by developing expanded products and services, like online banking, to try and attract and retain customers. The increased market share for online banking services is due in no small part to the advent of online banking’s ability to become a convenient, educated, and comfortable experience for bank customers.

Online banking is not just for savvy Internet bankers any longer, but for any bank customer that is savvy and familiar with their accounts. Home banking is gaining in popularity, as well as those customers that live in areas without access to banking services, such as areas in the US that have subprime markets.

Interest, however, is clearly dormant!

How to get started with online banking

If you have still not realized the advantage of the internet to banking, it is the single most important decision you can make. You don’t need to be among the computer techie geeks to take advantage of online banking. Signing up for an online service such as Money Stronger Money Managed is an excellent way to take control of your finances, and begin taking back some control of your life.

Time is money, and online banking is one way to virtually cut down on your monthly outgoings. When you stay in control of your finances, you won’t spend all of your time at work dealing with cash flow and account health. Instead of tackling bills, seeking loans, and juggling spending responsibilities, direct debit can cover for all of that hassle, while helping you to free up time and money for other important commitments and activities.

By setting up a personal account on Money Stronger Money Managed you can easily manage your accounts online, 24hrs a day, 7 days a week. It is just one of the many ways through which the internet has allowed us to simplify life and regain control of our finances. Online banking, direct debit, and bill payment, and even money transfers and earnings all become easy and convenient when a product is introduced which makes use of online banking and its emerging technologies.

Is online banking for you?

Online banking has come a long way since 2003 and now gives you the ability to control your finances from home. Many banks allow you to have your payment paid directly into your online personal account via the internet browser while other gas stations have merged their ATM services into online banking. For those customers that use issues of identity theft to buy online a bank needs to ensure that measures are taken to protect your accounts.

If you are still unsure if online banking is the right choice for you, take a moment’s time and discover the difference that online banking can make to your life – be it cheaper, easier, or even more convenient!

In these modern times, there is one thing that is carved in stone and clear across the globe, and that is the value of the dollar. As with investing, the rule of thumb for valuing assets and commodities is to compensate for the risk and return that one expects from the transaction. However, the valuing process can be quite confusing, especially to market professionals. Below are a few of the basic concepts that one must be familiar with when valuing a company, and by looking at how earnings per share are evaluated there are some basic concepts that one must become familiar with when looking at a company’s past.

Anthems of Valuation

There are a number of different themes around this subject, with the simplest being the Ben closure t dupontinear (BBTS) method and the empowered t compos Edwards (adiabatic) method. Although doing it this way may seem like one too many overly involved and dry to handle calculations since the basic premise is to favor the value of the financials over that of the underlying assets, this is where the valuing is carried out simply, allowing one to quickly process a transaction as it is compared to the market.

Assets vs. Liabilities

One of the fundamental concepts of valuing the financials is to match them against a company’s assets and wait for a current and future ‘closing value’ to make a determination of industry and economic trends. This is also the process one would utilize when looking at a company’s liabilities such as a bank line of credit, etc. This basic premise is also often referred to as a ‘utility’ scenario, and while not incredibly complicated it is can be quite valuable in determining value.

Market Performance

While there is no hard and fast rule that says a bank debt may or may not be a liability, a high degree of the caseload is generally your best bet in terms of valuation. Conversely, if a bank remains solvent or goes under the basic premise of a bank’s solvency is that it can never go bankrupt. This is not to say that a bank’s assets cannot go down, but that the assets position of the bank (debt) is such that the bank will never go insolvent; or that it could potentially go bankrupt but there are contingency plans (the Ben closure method).

Closing Value

As aforementioned, another ‘closing value’ is the traditionally used valuation, and is typically the best rule of thumb when valuing a company. The basic premise here is that if the assets of the firm are at 20x the firm’s liabilities, then the company’s liabilities should be at 20x the assets. Although this is a great starting point, as no one wants to invest in a bank with a high-risk rating or locate a toxic company, thus no longer treating liabilities as liabilities and thus value, it is wise to use this number as a guide only for making certain decisions.

While it is certainly helpful to have easy access to a company’s liabilities, it can be dangerous to take this number as a proxy for value. This is because one must recognize that a large portion of these liabilities are common and routine creditor payments, while others are higher-risk claims that require more effort to dig out of.