A Simple Plan:

Guidelines for Finding Competent Signage Companies

When you want to attract more customers as well as drive sales, one thing for sure is that you will need to get your business noticed. For sure, customers want to find what they need with ease. As a result, no customer will rely on Google Maps or drive around asking for directions, yet they can find other businesses with ease. Considering this, the use of signs not only ensures that your business is noticed fast but also handles marketing functions.

When you hire signage companies, there are many benefits to expect. First, you don’t need to be a pro in Illuminated Signs NYC as they can guide you on every step of the way. Also, business owners using these services can expect the best prices as these services are affordable. When it comes to hiring companies in Illuminated Signs NYC, we have more than a few options as these service providers are many. As a result, settling for the best comes without saying. In the following article, read these tips on how to identify the best signage companies.

First, check on the previous projects. A competent signage company documents their work. As a result, we can use their past sign projects to ascertain if they are a fit for our project. When a company has been dealing in this service for long, there is an assurance that you can trust them to deliver the results you want.

Secondly, get a company dealing with customized signs. One of the ways to gain a competitive advantage is by having signage that stands out. With this in mind, we ought to avoid companies that create sign equal. The company you should hire in this line is one that is willing to listen to all your demands and create a sign that lives up to your standards.

Thirdly, it is advantageous to work with a local signage company. It is automatic that we want to be assured of more creative control as you work closely with the company. Also, there is an allowance to meet personally with the signage company as you discuss the designs and weigh options available. Since some of the local signage companies are on the quest to build a name, they will do everything to ensure you meet goals.

See if the offer includes installation. To meet signage goals, the installation needs to be done professionally. Well, you need to check if the company involved offer installation functions as a package or not. Checking such is a must as it helps keep costs at bay. When a company provides installation as part of the package, you can consider their services.

Finally, you will need to find a company that offers durable signs. Although there may arise the need to replace the signs, everyone wants to get the best out of these projects. As a result, we need signage that will withstand harsh weather conditions. When choosing a company in this line, ask about the materials they will use as such determines the life of the signage.

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Offshore Online Banking Guide – Critical Information You Must Know

There are several legal and regulatory compliance implications with offshore banking that I’d like to cover in this article. However, please don’t construe information on this site as legal guidance. I am providing this information for free based on my own experiences. Please consult your professional attorney or CPA (accountant) before you get involved with offshore internet banking.

What is an Offshore Bank

To be over simplistic, an offshore bank is a financial institution outside the shores of your country. If you are in Australia, a bank in the United States is an offshore bank to you. If you are in the United States, a bank in Singapore is an offshore bank to you. Therefore, the idea of offshore banking is relative.

A business or an individual, in this case you, may select an offshore bank account in a jurisdiction that is typically favorable in terms of taxes (often referred to as a tax haven by media), as well as in terms of legalities. In addition to choosing a jurisdiction with no to little income tax, for many, privacy and “secrecy” of banking activities are two of the bigger key considerations.

It goes without saying that access to your funds is important, as well as protection from corruption and stability in terms of certainty.

List of Common Offshore Online Banking Services

This is a brief list of services offered by offshore banks. This list is by no means a full comprehensive list of an offshore bank’s offerings, but rather a list of some of the most common offshore online banking services that businesses and individuals are offered:

  • Remote Deposits of funds
  • Direct Deposits of funds
  • ACH / Wire Transfers / EFT – Electronic Fund Transfers
  • Consumer and Commercial Lending
  • All Basic Credit Activities
  • Access to Capital – Offshore Debit Cards
  • Forex – Currency Exchange
  • Wealth Management
  • Offshore Trading Account
  • Offshore Brokerage Account
  • Administrative Services
  • Trustee Services

Note: Offshore banks typically tend to focus on either consumer or commercial banking. Within consumer, banks differentiate between retail consumer (the average individual) or private banking (meant for high net worth individuals).

Because each concentration involves a different cost structure from the bank’s perspective, when selecting an offshore bank for yourself, be clear on what type of consumer you are and what offshore online banking services you need. Gaining this clarity will ensure you are not disappointed in your choice.

List of Common Offshore Banks

No doubt the two most common names in offshore online banking are Switzerland and Cayman Islands. Just pick up any business journal or pop in a business based Hollywood flick. There is likely a mention of a Swiss bank account somewhere.

This is because as of at least 2012, these two jurisdictions held the most number of total deposits amongst all offshore online banks. Some other jurisdictions that offer offshore online banking are the following:

  • Singapore
  • Malaysia
  • Panama
  • Cook Islands
  • Dominica
  • Saint Kitts and Nevis
  • Antigua
  • Malaysia
  • Anguilla
  • New Zealand
  • Luxembourg
  • Bahamas
  • Barbados
  • Bermuda
  • British Virgin Islands
  • Cyprus
  • Cook Islands
  • Channel Islands
  • Monaco
  • Mauritius
  • Hong Kong
  • Malta
  • Macau
  • Regulating Offshore Online Banking

With complexity comes increasing regulation. The regulation around offshore online banking activities has steadily increased over the years, but according to many of its supporters it is still not enough. This means much more is in the pipelines. Regulation has particularly increased significantly after the significant events of September 11, 2011.

Regulatory guidance is issued and monitored by global bodies such as the International Monetary Fund or the IMF, who require financial institutions worldwide to maintain a certain level of operating or performance standard, specifically in terms of capital adequacy and liquidity. These key performance indicators are to be reported by banks on a quarterly basis to its designated regulator (such as the Fed or the FDIC in the United States).

The list of regulations is endless and quite comprehensive to say the least. Some notables are the Anti Money Laundering (AML) regulation and the Bank Secrecy Act (BSA). These acts require banks and financial institutions to immediately report suspicious activity resembling money laundering to local government authorities despite stepping out of the BSA jurisdiction.

Another example is the information sharing requirements between a certain group of countries with regards to capital flow and taxation which was initiated by members of the European Union. On the other side of the pond, the taxing body of the United States, the Internal Revenue Service (IRS) requires financial institutions to report to it names of businesses and individuals who benefited from interest income resulting from deposits in US based institutions.

The most notable in my opinion of recently enacted regulations is the US Patriot Act, which permits the US Government to seize all assets of a financial institution if it suspects that the institution holds assets that belong to a potential criminal. Several other countries have since followed suit.

I personally feel these regulations strengthen the global banking infrastructure. But then again I am just one person. There are others who feel in all sorts of ways about offshore online banking.

Interesting Fact: Did you know that just until the 1990s, individuals were allowed to create their very own offshore banks. This practice was stopped and now only large institutions are allowed to do so.

Connotations and Implications of Offshore Online Banking

It is not illegal to conduct offshore online banking, but such activities tend to carry with them a certain set of connotations and legal implications that you must be aware of and comply with. There can be severe fines, penalties and legal repercussions if you fail to comply with the legal and regulatory requirements.

Why you must be thinking? Because offshore banking historically has been used and abused by those who intended to evade taxes, as well as those that used funds for illegal causes. For example, organized crime networks heavily use offshore online banking to launder money.

But like I said, conducting offshore online banking isn’t an illegal activity. All persons conducting offshore online banking are required by most countries (depending on their residency) to disclose the activities and the outcomes, such as interest income for example.

Specifically in the United States for example, a US resident’s income is taxed on a global basis. This means that even interest earned overseas is subject to taxation by US authorities. Now although financial institutions are not required to disclose this information to countries of interest due the bank secrecy guidelines, individuals are required to disclose this information.

Similarly, one can legally avoid taxes in certain situations. For example, a resident of Country X living and working in the United Arab Emirates (UAE) may not have to pay taxes if Country X does not tax the individual’s global income.

Because there is no taxation on income earned in many Arab nations, interest income earned from deposits in a UAE bank account is not subject to tax. Further, the income is also not taxed in Country X. This is a common reason why so many affluent folks change residency and citizenship status, one that resonates most with their financial goals and objectives.

It’s a very interesting dynamic and there is a ton of opportunity for strategizing as you can imagine.

Dollar Concentration in Offshore Online Banking

Although offshore online banking is not a subject delved into by the average individual, the numbers involved (concentration of wealth and financial activity) are quite significant. You may find a lot of these simply fascinating.

For example, specialized banking economists and analysts indicate that half of the global capital (money) flows through one of the many offshore banks out there. The so called Tax Havens (think Switzerland) have over a quarter of the global wealth (think high net worth individuals and big companies). These Havens also hold over 30% of profits generated by companies based in the United States.

And that’s not it. Over 6 trillion US dollars owned by high net worth individuals are also reported to be held in offshore bank accounts in one shape or another.

Illegal Monies in Offshore Bank Accounts

Opportunists have identified weaknesses in the offshore banking system and thus have taken advantage of the systems to launder monies generated through illegal means and used for illegal purposes. According to the IMF, this amount is as large as 1.5 trillion US dollars on an annual basis. To put things in perspective for you, this is roughly 5% of the world’s total Gross Domestic Product (GDP).

In addition to illegal monies, there are also monies that have evaded taxation as well as monies that were generated through fraud, graft and corruption. All in all, the amounts are super significant. And as I stated above, the two jurisdictions with the biggest concentration of these amounts are the Cayman Islands and Switzerland (as of 2012).

Offshore Internet Banking for Corporations of All Sizes

I have already stated this earlier, but offshore online banking is not only for large companies, but companies of all sizes as well as individuals. There are a certain set of requirements that any institution, an individual or a company have to meet in order to open and maintain an offshore bank account.

In fact, it is easier for individuals to open and maintain an offshore bank account before companies are required to complete additional forms in a specific manner when establishing an offshore internet bank account.

Corporations typically engage in offshore online banking when they contemplate one or any mix of the following purposes.

  • Cost containment (bank fees and charges)
  • Paying and receiving payments from vendors and customers in local jurisdictions
  • Asset protection strategies
  • International acquisitions and investments
  • Compensating local employees in an offshore jurisdiction
  • Political reasons – Stability and predictability
  • Establishing a local business presence
  • Again, this is not a comprehensive list of why companies engage in offshore online banking. There are several other reasons why a company may decide to establish an offshore bank account. The only true way to find out the best offshore bank for you, and whether your objectives will be met through offshore internet banking is by speaking to a professional who can walk you through the entire process.

Concluding Thoughts on Offshore Internet Banking

I gave you a ton of information to read and digest in this article. As you have read, offshore internet banking is used by several different constituencies for several different purposes with several different intentions.

There are some significant advantages that can be derived from opening an offshore bank account such as entering new global markets and some serious offshore tax planning. I obviously recommend opening an offshore bank account for the right reasons, with full compliance with laws and regulations. For those contemplating abusing the system, understand that bank secrecy is a weakening concept, and one that will continue to weaken over the years.

Countries are increasingly sharing information, some voluntarily and some while succumbing to pressure by more powerful nations such as the United States.

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What You Should Know About This Year

The Merits of Hiring Professional Landscaping Company

One thing that you need to know is that a quality yard can make you achieve the home of your dream. Besides, this will also help in boosting the value of your home as it increases the first appearance. When people visit your home that first thing that they will see is the landscape. Therefore, your yard must be well maintained as this will allow you to enjoy quality time as well as boosting your appeal. This is something that you can do on your own or you can hire a landscaping company to work on your yard. In this article, we are going to discuss the benefits of hiring a landscaping company.

The first benefit of choosing a landscaping company is that it saves time. One thing that you need to know is that achieving a quality yard or lawn is not a walk in the park. This is because you will need to think, plan, mow, trim, clean up clippings, plant trees, fertilize just to mention but a few. All these things will take the whole of your time and you cannot do it properly when you have other things to do like work and managing family needs. You can take the pressure off your back by engaging a professional landscaping company since they have the right technicians and tools that will allow them to do the work much faster. You can use that time in doing other essentials.

The second benefit of hiring a landscaping company is saving costs. Surprisingly hiring a professional landscaping company will save you a lot of money which is contrary to what most people think. Taking care of your lawn will mean that you will have to purchase tools among other things such as pesticides, fertilizers that you will use to maintain your lawn. This will cost you a lot of money as you will also have to spend on maintaining the tools. A hiring landscaping company will mean that you will not have to buy anything as they come fully set with everything they need to deliver quality services. The good news is that they will charge you a fixed fee monthly which is probably for their labor.

Apart from that, it is also easy and consistent. This means that your yard will always be looking neat and maintained. You find that landscaping companies always have a regular schedule which they will maintain once they have signed a contract with you. This means that even if you are not around for long they will continue doing their work making your home as clean as possible. Sticking to a cleaning schedule is one thing that 99% of homeowners cannot manage.

Last but not least, you will also need landscaping companies for their professional knowledge. You find that they have employed experienced and professional landscapers who have completed the highest training in offering landscaping services. This way they will help you with things such as landscape design selection, site evaluation as well as other relevant services that will boost the value of your home.

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