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.