WARNING: Missing the 31st January Tax Return Deadline will cost you a £100 automatic fine

The online deadline for submitting your tax return for the previous tax year (6 April one year to 5th April the next) is 31st January. If you fail to meet this deadline, you can face significant penalties from HM Revenue and Customs (HMRC), starting with a £100 automatic fine.

If you have to complete a tax return, you will be contacted by HMRC just after the end of the tax year. There are various reasons you may have to submit a tax return; for example you have completed a tax return before or because your circumstances have changed.

There is still time please contact the team at Henderson Morgan who can complete the form on your behalf from as little as £99
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If you have a reasonable excuse for missing the 31 January deadline then you may not have to pay the penalty. Whilst there are no specific rules on what constitutes a ‘reasonable excuse’ some examples of what may be considered reasonable are:

• A life-threatening illness
• The death of a partner shortly before the deadline
• Documents being lost through fire or flood
• Problems with the online filing system

But as you can see they need to be pretty major life events to constitute a a reasonable excuse.

Don’t wait until you receive the penalty to query it. If there is a problem, get in touch with HMRC immediately and explain why your return missed the deadline or contact the team at Henderson Morgan who can do it on your behalf.

Online Stock Brokerage with Henderson Morgan

Henderson Morgan announces its partnership with investoreurop, Europe’s premier offshore stock broker to provide our clients with RockTrader PRO.

Rock Trader PRO is, pound for pound, the best 4WD online trading platform in the world. When used together with a numbered trading account. it becomes a powerful all purpose offshore trading platform for trading stocks, CFDs, ETFs, Futures and FOREX online. When you trade with RockTrader PRO, you get cutting edge technology as well as unique offshore access to thousands of dynamic products from a single account on a single trading platform.

-Over 160 FX crosses on spreads as low as 2p
-Forex options and Forward Outrights
-Stocks and CFD trading on 20 of the world’s largest exchanges
-Spot Silver and Gold
-Over 300 Futures contracts on energy, metals and agriculture.

Henderson Morgan is a financial institution providing offshore accounts, merchant processing, offshore mortgages, offshore finance, wealth management and now online stock trading Contact Henderson Morgan now for a free initial consultation to see how our team can work with your to manage and grow your wealth.

Offshore Company Formation

It is estimated that almost 60% of global wealth is held in offshore accounts of offshore companies or offshore trusts and that over 50% of global transactions are conducted through offshore jurisdictions.
Why? -because if set up properly, there are numerous legal benefits of being offshore such as increased privacy and asset protection as well as overall tax minimisation.
International Financial Centers continue to attract international investors and businesses interested in setting up an offshore company, forming an offshore trust, forming an offshore private foundation, establishing an offshore bank account, setting up an offshore insurance company, forming a hedge fund, registering a yacht or ship and/or any of the other numerous services provided from these offshore jurisdictions. However, the offshore industry is constantly changing due to new treaty agreements, changes in laws and regulations and many other factors that can affect the international investor or businessman. Henderson Morgan understands and keeps up with these changing dynamics making us ideally suited to assist in putting your offshore strategy into motion.
Our experienced team of wealth management professionals will form, register and admin offshore companies, private foundations, trusts, hedge funds and offshore bank accounts. Henderson Morgan’s commitment to exceptional customer service means that you will have your own relationship manager who will be your point of contact and will support your move into an offshore jurisdiction.
Henderson Morgan is a financial institution providing offshore accounts, merchant processing, offshore mortgages, offshore finance, online investments and wealth management. Contact Henderson Morgan now for a free exploratory consultation

A Brief Guide to Asset Protection

Offshore asset protection no longer just for the wealthiest individuals with high paid financial advisors. However, where do your start, here is a brief introduction to some of the most popular tools of offshore asset protection and
1. Offshore Trusts
An offshore trust is a very simple agreement that helps put some distance between you and your hard earned assets. A trust is simply a legally binding agreement between two parties – the grantor and the trustee. The grantor “grants” control over specified assest and property to the trustee, who is then responsible for them. Beneficiaries are listed in the trust, who will “benefit” from the assests being entrusted. Often this is in the form of receiving the assets upon the death of the grantor, or by receiving the profits generated by the assets listed.
The main point is that this agreement helps separate the grantor – you – from these assets in a legal sense, making it more difficult for someone to take them from you. By moving the trust offshore, there is an added layer of protection. If you’ve ever worried about a frivolous lawsuit destroying all you’ve worked for in your internet business, this is certainly a form of asset protection you’ll want to look into.
2. Offshore Incorporation
There are many benefits for those that chooses to incorporate offshore. Properly structured, forming an offshore corporation need not be any more expensive or time consuming than forming a corporation within your own jurisdiction. Make sure your asset protection needs are being met in line with your personal and business objectives
3. Offshore Account
There is a whole range of offshore accounts to be choosen and always remember the 3 rules to selecting a provider: security, financial advantage and exceptional customer service.
4. Offshore Merchant Accounts.
Besides addressing privacy issues, an offshore merchant account may be more suitable for those offering items, information, or subscriptions for sale online that are more difficult to procure a domestic merchant account for. These include higher risk services such as you might find in the adult website or online gambling arenas.
5. Offshore Webhosting
Yes there are plenty of scam artists in the offshore webhosting arena. Do your research though, and you will find secure, well-staffed offshore webhosting operations with high-uptime, fast connections, good support and reasonable prices to suit your needs.
Henderson Morgan can work with you to meet your personal and business objectives. You will have their own named relationship manager, who you can contact by email or telephone. They will be your point of contact to coordinate HM Pay who provide excellent offshore debit/credit card processing solutions, our Wealth Management Team with over 20 years experience in tax planning and offshore asset protection and our accounts team.
Henderson Morgan is committed to exceptional customer service and our customer charter is set out below:
1.He know our customers are the boss
2. We Listen to our customers
3. We aim to identify and anticipate customer need
4. We aim to make our customers feel important and appreciated
5. We help customers understand Henderson Morgan
6. We Know how to apologize
7. We try to give more than our customers expected.
8. We ask for customer feedback.
And most importantly we appreciate the power of saying yes to our customers

Contact us today advisor@henderson-morgan.com for a free intitial consultation to see how we can make help you grow and protect your business.

Where can I get an offshore merchant account?

Offshore merchant accounts enables your business to trade 24×7 often in multiple currencies
Offered by providers outside of the jurisdiction that your business is resident, these accounts often do not have account limitations or restrictions that your own jurisdiction provider would have making these accounts more advantageous
Many offshore providers offer excellent customer service whilst having more relaxed procedures and guidelines, so, opening an account is much easier. But you do not have to worry, most providers have highest-level security, encryption and fraud protection systems.
With the help of these accounts you can offer products to clients at a much lower rate than competitors. Offshore merchant accounts work great with those who need a high risk account, Companies engaged in activities such as gaming, pharmaceuticals, phone card sales, timeshare rentals, multilevel marketing, credit card repair and counselling are considered high risk and best suited to have offshore merchant account.
Offshore merchant accounts offers huge benefits such as potential reduced tax liability, better privacy and security, multi-currency trading enabling international trade, setting in currencies of choice, zero restrictions on transactions which means unlimited transactions, short set up time requiring just one week, international forgery/fraud protection cover etc. in addition, it gives you the opportunity of presenting your customers secure payment alternatives, currency solutions, advantage of offshore and e-zone tax structures and channelled marketing which in turn reduces currency and location costs and also simplifies cross-border processing.
Henderson Morgan through , HM Pay its e payments branch, can work with your business to provide an offshore account, payment gateway and e payment solution. Unlike other providers who just set up an offshore merchant account for you. Henderson Morgan’s Wealth Management team will work with you to structure an offshore debit/credit card processing solutions that meets your business objectives.

Contact us at advisors@henderson-morgan.com to discuss your credit card processing requirements.

Not just offshore company formation?

Once you have opened an offhshore company and bank account what then?

Henderson Morgan's team of accountants, international lawyers and financial advisors can provide a total business solution for you once we have helped you decide on a jurisdiction and opened a company for you.

Working with our team will enable you to set and achieve your own personal and business objectives.

Our support is unique to you which ensure that you achieve what matters to you.

Wealth creation
Top line growth
Strategy plans and implementation
Key performance indicators
Succession and reward planning
Risk and reward planning
Success processes
Value in people

You get solutions to your needs,

Strategy
Planning
Sales management
People management
and of course...tax strategies

Which means that you have peace of mind - a professional is always available and we don't charge for phone calls or emails.

Research shows that the top two things that people, businesses and organisations want from their advisors are:

1. To really understand them and their business

2. To be pro-active with approaches and ideas.

And here at Henderson Morgan we aim to acheive a dynamic relationship with you and your business, contact us for a free intitial consultation advsior@henderson-morgan.com

6 Reasons to go offshore

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Offshore companies are beneficial for many purposes including the following six reasons:

1. Consultancy, Professional Services, Agency


Professionals, consultants, artists and many self-employed individuals can gain substantial advantages by working as employees or as external consultants of offshore companies, of which they may be the sole shareholders and, if they want to, the sole directors.

2. Employment of Expatriate Staff


Expatriates working overseas can frequently benefit from being employed through an offshore employment/consultancy company. This can avoid tax being deducted at source. By not remitting the full salary it can minimise tax and avoid exchange control difficulties in the country of temporary residence. This arrangement will be particularly attractive to expatriates working in politically unstable countries.

3. Property Owning Companies


There are often significant advantages in using an offshore holding company for the purpose of holding property. The advantages of such an arrangement include the avoidance of inheritance tax, capital gains tax and the ease of sale which can be achieved by transferring the property owned by the company and reduction of property purchase costs to the onward purchasers.

4. Investment Companies


Funds accumulated through investment companies set up in offshore areas can be invested or deposited throughout the world and whilst generally returns or interest payable in respect of these funds will be subject to local taxation, there are a number of offshore areas in which funds may be placed as bank deposits where the interest and/or the capital gains are paid and kept gross. To invest in global securities including mutual funds not available to "local" citizens. Offshore jurisdictions are typically less invasive allowing for aggressive and unrestrained Free Enterprise.

5. Copyrights, Patents and Trademarks


Offshore companies can purchase or be assigned the right to use copyright, patent or trademark. Royalties can then be accumulated offshore although often royalties may suffer withholding taxes at source. An interposing holding company in some cases may allow a reduction in the rate of tax withheld at source.

6. Privacy


A high net-worth individual can save professional fees and unwanted publicity by owning property or other assets through an offshore company. CPS can provide a wide range of services in the field of privacy protection.


Always seek professional advice before going offshore, the team at Henderson Morgan look forward to working with you to secure the best options for your business advisor@henderson-morgan.com

Tax Advice for Small Businesses

For many small business owners, one of the largest overheads is their tax bill; however, many small businesses are paying more than they need too.
How often have you argued over whose shout it is at the bar; or that the check out person at your supermarket has short-changed you? Yet staggeringly, countless small business owners aren’t willing to set aside any time to understand how to slash their tax bill.
Time and time again, we see many people pay too much tax because of little information and fear of HMRC.
Tax laws changes regularly and all business owners should engage an accountant/tax specialist. Many small business owners try to organise their own tax returns and believe that they could save expert accounting & tax advisors fees, a good tax accountant/tax specialist will save you money.
Remember that you may be paying more tax than you need to!
For a free initial discussion contact the team at Henderson Morgan who can guide you through the complex web of tax regulations advisor@henderson-morgan.com.

Tax Investigation

Tax Investigation

Long Term Care & the Risk to Your Assets

Most people worry about inheritance tax when planning on leaving their assets to children/or family, which stands at 40% over £325,000 (2009/10 allowance.) However, the NHS and Community Care Act (NHS & CCA 1990) has considerable implications for you and your family if you need long term care in your old age.
If you have savings or capital of only £23,000 plus, which includes your home, you will receive no support from the state towards your care fees. With the average nursing home costing over £500 per week, in many cases it will becomes impossible to pass your assets onto children/or family as you wished
Henderson Morgan will assist you with confidential advice on the best way of paying for care, whilst at the same time protecting your assets for children/or family. Contact us today.

Offshore Trusts for Individuals

An offshore trust is created when assets are transferred to a trustee. The trustee becomes the legal owner and is responsible for managing the assets and distributing them to the beneficiaries of the trust, which could include the person or corporation which transferred the assets to the trustees, in accordance with the terms of the trust deed. The following assets can be held by an offshore trust
Shares and stocks in both quoted and unquoted companies.
Investment portfolios.
Real and intellectual property.
Bank deposits.
Life assurance policies issued on the life of the Settlor.
Most other types of asset

A trust is the solution for individuals who:
Want to preserve their wealth against uncertainty, political, economic or family.
Want to transfer wealth to their heirs in a tax-efficient manner. They want to plan their estate to maximize the benefits of their wealth for family members and others.
Want to transfer wealth to their heirs in accordance with their wishes and not in accordance with the laws of the country where they live.
Want to consolidate the ownership of assets owned throughout the world in one location.
Want centralised reporting
Want to minimise or eliminate estate taxes arising on the death of the Settlor.

Contact the team at Henderson Morgan advisor@henderson-morgan.com to discuss your requirements today.

Exceptional Customer Service

Exceptional customer service is an integral Henderson Morgan our customers are a vital asset to our business.
1. We know our customers are the boss
2. We Listen to our customers
3. We aim to identify and anticipate customer need
4. We aim to make our customers feel important and appreciated
5. We help customers understand Henderson Morgan
6. We Know how to apologize
7. We try to give more than our customers expected.
8. We ask for customer feedback.
And most importantly we appreciate the power of saying yes to our customers.

Henderson Morgan’s Premium International Account is a flexible international current account for your-day to-day banking needs, and a convenient, secure and tax efficient way to manage your money.
• Multicurrency banking in GBP, Euro & USD
• Account opened in New Zealand a politically stable, regulated and safe jurisdiction

• Free Platinum MasterCard in GBP

• 24/7 internet banking

• Priority Pass to give you free access to airport lounges worldwide*

• Your own personal relationship manager

• Preferential interest rates on Henderson Morgan term deposits

• Reduced fees on HM Wealth Management to take make the most of the tax advantages of banking offshore


It is simple quick and easy to open an offshore account with Henderson Morgan online.

To discuss our Premium International Account or the whole range of Henderson Morgan products and services please contact our team on 0044 203 150 0923 or email advisor@henderson-morgan.com

Buying a home abroad

When considering the purchase of a property overseas, preparation is the key.

The first thing that should be established is the budget available. Deposits required, current and future exchange rates, total cost of finance, legal fees and tax obligations, should all be calculated before viewing any potential properties.

Mortgages can be pre-approved well in advance, and this could save both time and money. Many sellers will not accept an offer, unless it can be proven funding is in place or has been Pre-Approved. For the purchase of a re-sale property, the closing date will typically be set at 30-45 days after the signing of the sales contract, and some contracts may impose financial penalties for late closing/completion. Appointing a lawyer, who is qualified in local law, may pay dividends at this stage.
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Exchange rates can greatly affect the cost of an overseas property purchase. Deposits and closing fees would normally be converted from your home currency to the currency of the country you are buying in.

Finally, tax which may be payable not only on income, but also on capital gains. Mortgage interest and other costs can usually be offset against this, however a tax advisor should be consulted, or you could employ the services of a local accountant.

Henderson Morgan can provide a comprehensive service to those thinking of buying abroad with excellent exchange rates, an premium account in GBP, US$ and Euro. Our bilingual mortgage team can secure a mortgage and our wealth management team can ensure your tax is managed effectively and efficiently.
We pride ourselves on exceptional customer service and your relationship manager will manage the process from start to finish to ensure a stress free purchase of a new home.

Contact us at advisor@henderson-morgan.com