Umbrella Companies in the United Kingdom

Christine Evans/ May 22, 2016/ Finance/

As an intermediary between the contractors and clients, umbrella company the UK handles all administration and paperwork associated with contracting. This involves the umbrella company handling taxation, payroll, invoice issuance and chasing down clients for payment, leaving the contractor to focus on recruiting and earning money. Typically a contractor of freelancer running a limited company has to find customers and conduct business while still considering the administrative aspects of operation such as insurance and accounting taxes. The umbrella company uk is very popular in Britain. This is a lot of unnecessary hassle, which lowers productivity. Umbrella companies take away this trouble and optimize the contractor’s productivity.

Basic facts

How do umbrella companies work?

The contractor joins an umbrella group on a contracted basis as an employee with the title of yhhhhhhprofessional consultant. This means that the contractor continues to thrive in his trade while enjoying full employee rights and entitlements from the company. After signing on as an employee, the contractor continues working on his or her contracts as usual. The umbrella company takes up all other businesses not related to the contract. For their services, the umbrella company only retains a margin of the income and after tax and NIC deductions pay the remainder to the contractor.

Benefits of umbrella companies

  • It is very easy to join an umbrella company. You only have to sign on via their website or phone then sign an employment contract. Leaving is also as easy.
  • From an umbrella company, you stand to enjoy job entitlements such as paid holidays, sick leaves, public liability insurance and allowances such as food and travel allowances.
  • As an employee of an umbrella company, there is little paperwork involved. The company works behind the scenes to handle all the paperwork, the HMRC, and accountants. You only have to fill a single timesheet and expenses sheet each week.
  • With umbrella companies, you are free to sign any length of contract you desire. If you are interested in a short nine-month or less contract or extended contract, both provisions exist.
  • Since the umbrella company employs you, IR35 no longer applies to you. This means that IR35 legislation and other MSC issues no longer apply to you.


hnbxcawUmbrella companies have been around for a long time and are very popular among contractors. This is because they are the surest and safest way to cut back on the paperwork of a limited company while maximizing income retention.

In umbrella company the UK, you have an organization that takes care of your day-to-day business activities freeing you to focus on what you do best whether it is service delivery or product creation.…

Scams to Avoid in Forex Trading

Christine Evans/ May 15, 2016/ Forex/

Forex markets are very active with participants ranging from banks to large corporations. It takes great skill and tact to gain in forex trading considering the risks involved. Read tradeonix review to learn more on forex trading. Besides instability of currencies, investors also risk becoming victims of forex trading scams.

Forex trading scams

Signal sellerfbgnbdngfbg

Perhaps the most popular forex trading scam today is the signal seller. These are individuals who promise to trade based on professional recommendations that are bound to make you wealthy. By selling this lie signal, sellers will collect your money and quickly disappear without a trace.

Scam forex trading companies

An equally popular scam is one where the company makes promises that are too good. Such organizations don’t hesitate to guarantee you overnight riches only that you are not aware of how it will happen. Claims of massive profits a short while after investing is often a sign that the company is only after your investment and nothing else.

Robot scam

The robot scam is another way people are getting conned in the digital age. Companies working this way promise their targets that trades will be automatically generated even as you sleep. This causes unsuspecting people to gamble with their savings in the hopes of raking in profits during what would be off hours.

Online Transfers

Other scams involve trading companies that ask for online forex transfers as they don’t have physical locations. Such companies claim to be located overseas so be wary of phony forex companies that want you to invest in them but have no physical address near you.

Currency trading

Another way that scammers might get to you is by downplaying risks involved in currency trading. Such a company will try to convince you that the stringent rules on risk disclosure are just a formality. They say that they will recover any losses so that your money is never lost if you invest in them.fkgjdfkdkfgd

As technology continues to evolve people are coming up with new ways of scamming others. If you wish to make profits trading in foreign exchange, there is need to exercise patience and never invest money needed for something important like school fees or mortgage. Experts advise investors to trade only in margins that they understand and watch out for red flags.

The biggest red flag is a company that never gives its background information or provide any way for you to reach them whenever you need help. If the deal looks too good to be true, it probably is and so you shouldn’t risk your money with such a company.…

Puerto Rico Act 22 Tax Incentives

Christine Evans/ April 9, 2016/ Tax incentives/

Puerto Rico also referred to as a 3000+ square mile Haven, on January 17th, 2012 passed new legislation that promotes economic development in the country. The Puerto Rico Act 22 Tax Incentives seek to attract new individual investors and residents by exempting them from all income taxes on their passive income. Citizens who were not residents of Puerto Rico as from January 16th, 1997 can qualify for the income tax exemption. A 100% exemption on all dividends, short and long-term capital gains and interests will be given to those who are eligible. To a great extent, the act will be beneficial compared to the 23% and federal average state tax rate.

Applicability of the Act

The Act is valid until December 31st, 2035 and both the US citizens and foreigners who yearn to be citizens of US should submit their applications. After 2035, the beneficiaries will be referred to as Resident Individual Investor’.

Three main factors will be used to determine a bonafide Puerto Rico citizen as specified iluilug7igi;uhkkkkn Section 937 of Internal Revenue Code. Physical Presence is one factor that requires an individual to spend at least 183 days in Puerto Rico. The days an individual leaves or arrives at Puerto Rico will be included in counting. Tax Home is another parameter the number of days that a person runs a business while in Puerto Rico. A closer connection is the last factor. This will evaluate qualitative elements to determine whether an individual domicile, votes, has an official driving license, the family residence and bank accounts in Puerto Rico.

Exemption on Capital Gains

All the capital gains that accrue to an individual investor after relocating to Puerto Rico will be wholly exempted from tax if recognized before January 2036.However, for the benefits that accrued before one becomes PR citizen, a tax of 10% will be applied. Again, if any capital gains are realized within 10-year PR residence before January 2036, then a 5% tax will be enforced.

Exemption on Dividend Income and Interestjbukgbuglihkgbjjj

No interest and dividends derived by an individual investor will be subjected to federal tax under the US Code. However, for the dividends and interest that come outside PR will be subjected to a reduced tax rate of between 0-10% through investing in certain investment vehicles of Puerto Rico.

Application Fee

The act established an application fee for those applying for approval. The Puerto Rico Act 22 Incentives application fee will not change, but the acceptance fee for the approval of the act is $5000.…

Why Outsource Book-Keeping Services

Christine Evans/ April 8, 2016/ Accounting/

In today’s business world, a good number of large business consider outsourcing bookkeeping services. Visit Optima Partners for book keeping services. Instead of having an in-house bookkeeper, or doing-it-yourself, several businesses are now finding so many benefits that come with outsourcing these operations.

Why you need to outsource your bookkeeping services

1. Saving Moneydfbjhsjdshjf

It’s obvious that by outsourcing such operations save money on paying part-time or full-time wages and other benefits to your employees. Moreover, you can also save a lot on lost productivity costs, which come along with recruiting additional employee onto the payroll. Outsourcing these services only allow you to pay for what you only need.

2. Scalability Options

Outsourcing your bookkeeping services can also allow you to cut back or expand within the shortest time possible. Whether you are looking to cut down on spending or grow your business, having a professional team that provides you with different options and plans will help you achieve your business goals. Therefore, outsourcing offers flexibility that your in-house bookkeepers can’t offer.

3. More Time

Outsourcing these operations for your business will also free up your valuable time, hence allowing you to focus on other important things. For instance, backend functions may be a great distraction from your day-to-day operations and having in-house bookkeeping services can result in a conflict of interests.

4. Access to Top Systems

Another reason you should outsource these services is that it gives you better access to various top tools in this industry. For instance, most small and medium businesses are often unable to afford to pay for very expensive bookkeeping programs and can’t also afford to spend their time keeping up with ever-changing rules and regulations in the industry. This means that by outsourcing, you are essentially buying those tools by proxy. This is even better because you don’t have to do anything. Moreover, these top systems keep organized books and records for many years and even create backups.

5. Access to Expertise

As a business owner, you are always guaranteed to come often across certain situations where you need quick answers to various questions relating to tax or accounting. If you outsource your bookkeeping operations to a reliable accountancy company with an experienced team of specialists, you will have all the answers your queries are readily available.

6. Improveddfkjgkjflkdj Cash Flow

Whether small, medium or large, all business can easily go bust if they don’t pay their creditors in time or even attract a very poor credit rating and this can keep your cash flow deteriorating. A reliable bookkeeping service provider will always keep on top of your debtors to ensure that cash flow is properly optimized, and your creditors are settled on time.…

Educational Requirements to Be a Stock Broker

Christine Evans/ March 29, 2016/ Job/

The minimum qualification to pursue to become a stock broker is bachelor’s degree along with on-job training in this field. The degree offered by the schools offering education for Finance Investments & Securities are also considered as suitable education criteria in this regard. The following blog talks about the step by step guide to becoming a Stockbroker.

But to be a licensed stock broker one has to pass a series of exams. Some more information about the requirement of education qualification in the career of the stock broker is given here under for your guidance.

Critical information

Defining the career of stock broker

A stock broker is a person that works as an agent for helping his clients in managing their jhjhjhjhjhjhjjgfgfginvestments in the securities while buying and selling them. They have to discover how the financial goal of their clients can be achieved by investing in the securities and stocks.

They can also suggest the moves to invest their money to earn more profits. They work with their clients against commission on each transaction. They can search for an additional customer or manage the financial portfolios of their existing clients if they have no new project at hand.

Education requirements

Basically, a typical stock broker must have graduation level education in certain common subjects including finance, accounts, management, economics, investment and marketing but Master’s degree in any of these courses can add to their qualification profile.

Some employers prefer to hire stock brokers with MBA degree even if they have to pay higher salaries and advancement bonuses to such candidates.


Besides educational qualification, many companies offer on-job training to their stock brokers to improve their understanding of the procedures, policies, products and services of the company.

They provide training on the topics like effective speaking, analysis of securities and selling them. You can be deputed in a department according to your knowledge and capabilities.

Licensing and registration

hjhhjhjhhjjhhjfgfgYou will have to pass an exam, Series 7 Exam, conducted by the General Securities Registered Representative to be a registered stock broker to manage the accounts of a registered firm. The registration of the stock brokers is done with FINRA or the Financial Industry Regulatory Authority at

To be eligible for this exam, you will have to be employed for at least four months with a registered firm. You will have to secure at least 70% marks by answering 250 multiple choice questions within six hours. Thus, the information provided in this write-up about the degree to pursue to become a stock broker can help you in becoming a registered and certified stock broker.…

Offshore Umbrella Company – Facts To Know

Christine Evans/ March 23, 2016/ Business/

An offshore umbrella company offers freelancers and contractors the service of running their businesses while relieving them the pressure that comes with it. The major benefit that can be earned by business owners from offshore umbrella companies is that they are enabled to keep around 90% of their earnings. This is made possible because all the money that is earned offshore is not taxed thanks to the Mrs. Thatcher, who set the rule in 1979.


There is one key principle that runs this kind of company; money that is delivered offshore remains offshore. Money that is not onshore like a loan can never be taxed. The offshore umbrella company loans money to the contractor and the contractor defaults in payment and then the company takes the contractor’s money on the grounds of that defaulting. Therefore, at the end of the day, the contractor evades taxation.

Benefits of an Offshore Umbrella Company

When an offshore umbrella company comes your way, they become your employer so as to help you attain all the benefits of your company. Here are the benefits that you are assured of enjoying;

Tax Avoidance

When I talk about tax avoidance, I don’t mean the illegal tax evasion. In this case, the offshore umbrella companies take advantage of the set rule to help the contractors attain maximum profits from their companies. The government has some complaints, but they have no grounds for allegations since the law allows it.

Certified Insurance

Every business needs protection to keep it from collapsing when you face financial hits. When under the cover of an umbrella company all your insurance needs will be well taken care of.

Professional Management

Having your administrative tasks being run by a professional will make your business more productive. With an umbrella company, you will be stress-free from arranging contract forms and every kind of documentation.

It offers resources and saves your time

An offshokmn35wedft26edy72u7ey82i29re umbrella company will help you acquire the resources that you need to keep your business going. It will also help you have some extra time because they take care of all your administration needs like calculating tax, credit controls and processing timesheets.

When working with an offshore umbrella company all, you need from them is their know-how and expertise. Using their services will help you to keep a large amount of your income than you could have managed on your own. Get linked to an offshore umbrella company today and get a solution to all the administrative needs of your company.…

Forex trading – Choosing the best broker

Christine Evans/ March 18, 2016/ Forex/

Have you ever wondered why a lot of investors and even ordinary people are into Forex trading? It is because this particular trade can really help earn millions of dollars. In fact, many individuals who started from scratch have managed to make it to the top. However, doing so is not an easy thing. You can’t anticipate it to happen overnight. It would require you to have the essential skills and strategies so you would succeed. And with this, a broker plays a vital role. Check plus500 review, and get to know one of the leading brokers in the United Kingdom.

Choosing the best broker

gfasgfhgshgsahgsaEngaging yourself in Forex trading would also require you to find the best broker. It is true that there are many brokers available especially now that Forex trading is picking up more and more people. However, not all of the brokers that you will find can actually help you maximize your earnings. There will be a big difference if you go with the best broker in the industry.

Let us explore the things that you have to look for when choosing the best broker that could help you make more money in Forex trading.

1. Customer Service

A good and reliable broker should have a customer service that you can contact 24/7 either by live chat, email, or phone. With this, you will be provided with the assistance that you need particularly during emergency situations. You have to choose a broker that has competent and reliable customer service so you can be confident while you are trading. Additionally, they should be able to answer any question or clarification that you want to make so you will have a peace of mind.

2. Features

The best brokers have great features to offer to all their clients. A good one should have a personal trading account manager that could guide and help you make more money while you are trading. An account manager should also be able to answer all your queries.

gfasgasgashgasaFurthermore, you should look into mini accounts which would allow you to trade with a small amount of money. As a beginner, this feature would be very useful because you can utilize it to familiarize yourself with all the twists and turns of the trade. Through this, you will also be able to enhance your skills and strategies to prepare yourself for making larger deposits.

3. Software

You should look for a broker that would allow you to utilize an automated software. Keep in mind that the more tools you have, the higher are your chances of making the most money.…

Be Finance-Savvy in Three Easy Steps

Christine Evans/ December 3, 2015/ Personal Finance/

Be finance-savvy in three easy steps. Budget your finances and go for cheaper options. Allot a portion of your paycheck for your savings, and learn to invest your money for better financial security. Earning money might be no easy task, but saving money is harder. For most people, budgeting is a major headache and managing your finances-limited or otherwise it is a major challenge. These days, one needs to be not just book-smart, but street-smart when it comes to handling your finances.

Steps To Financial Freedom


If your spending habit is more than what you get every payday, then your finances are in dire condition. The first step to a fatter checkbook and financial security is to learn to curb your spending habits and budget your finances. Plan what to buy and when to buy things.

Every month, make a detailed list of your expenses–from the bills to pay for your simple luxuries. And then check which items you need to buy (or pay off like your bills) and those which you can forego or lessen, like that espresso from the coffee shop or a restaurant dinner. You will see how much you can save, or in another case, how much you’ve been wasting. Compare your spending habit with the actual amount you earn each month.

The key is to get a good, long look at the state of your finances and see how much you’ve been spending, how much you can save, and to live within your means.


The next step to financial security is saving. Once you’ve learned to live within your means, choose cheaper options and curb your spending habits, the next thing to do is to “pay-off” your savings account with the money you were able to save after budgeting your money. The key is to allocate every month a certain portion of your paycheck to your savings account.

Consider it a loan you are required to pay every month or every payday. It is true that we have bills to pay and daily expenditures to mind, but start allotting at least 20-30% of your paycheck for your savings. Most financial advisers would even advise putting away your savings share first before you even pay your bills or start that shopping spree.

Managing your finances is not just about managing your spending habits and budgeting, but learning to save as well.


No businessman earns without investing. Having stable savings is good. But finances that grow and expand and earn its value is better. Your finances, that is, your savings account may be earning interest in the bank. But investing it in a business venture, for example, will earn it greater interest. In a few months’ time, your thousand bucks may have already doubled its value.

Of course, investing your money is not without risks. You have to jmkbt23ge5dty7u27understand that when it comes to finances and the financial world, everything is pretty much a gamble. So for starters, learn the kind of investment you’d like to put your money into.

The idea is that while it’s good to have that money stored in the bank, the better way to go is to have your money earning interest and increasing its value.

To be financially-savvy, think of three things: Budget, Save, and Invest. Soon, you’ll find that earning money and handling your finances is easy as one-two-three.…

Advantageous Forex Exchange Tips for The Dealer

Christine Evans/ October 11, 2015/ Forex/

Numerous forex tips can help the cause of the dealer. Dealers must remember that it will be to their advantage if they will follow it. The foreign exchange market especially the foreign exchange broker also uses a lot of foreign exchange tools. Bigger foreign exchange brokers feature a different range of dealing tools to their foreign exchange clients.

Most foreign exchange brokers can give prospective forex clients real-time monetary costs aside from different forex tools. It is important to make sure that your foreign exchange broker can give you a lot of tools that you need to succeed in the foreign exchange market.

Forex Tools

Some of the tools that you can use in the market are 1st; real time currency cost charting. Second: technical foreign exchange analysis tools. Third: kmnbe5t36ye7fu82standard foreign exchange analysis commentaries and Fourth: economic calendars. Strong foreign exchange brokers feature 2 or more examples of forex account. For example, the smallest size of the foreign exchange account is the mini-forex account. The mini-foreign exchange account requires interested foreign exchange dealers to give out five hundred dollars.

With that amount, you are already given a massive leverage. The leverage is needed to earn from the minimal amount of dealing capital. Normal foreign exchange account only requires a small capital, between one thousand dollars and two thousand dollars. It is vital to pick a foreign exchange broker that possess the appropriate leverage and the right services that match what you need with the overall amount of capital that you allocated in the foreign exchange market.

The foreign exchange market functions twenty-four hours a day, so a twenty-four-hour customer support is outstanding. You must be able to contact the foreign exchange broker by telephone, live chat, email and others. It is also important that the customer support representative that you are talking about seems familiar on what they are saying.

The overall quality of the customer support of a foreign exchange broker firm can diffekmnb35etdf6yu23ui7r from foreign exchange broker to foreign exchange broker, so you have to be sure in this regard before registering for a foreign exchange account. You can also try to call the customer support. The quickness of them can show the quality of their service. You can also try talking to another foreign exchange dealer to get some tips on the foreign exchange brokers.

There are also numerous foreign exchange forums on the World Wide Web that discussed the different factors of foreign exchange dealing, including the appropriate foreign exchange brokers. But nothing beats on researching first about the foreign exchange market before actually joining it so that you can avoid unnecessary losses…