Are taxes eating up your profits too?

rubinageniro · Mar 30, 2021

tomorton said:
Its the most charming and friendly place. The weather ain't so good (you'll need a pullover and an umbrella often in summer) but Europe is just a few miles away and easily reached.

Note that London is in character a different country to the rest of the UK.

Yes I’ve stayed in London a couple of times and absolutely love the vibe there, I’m a fan, but for me that’s what it would stay, one of the places I go to escape

rubinageniro · Mar 30, 2021

Bugsy said:
The size of your business is irrelevant to the tax shelter you wrap your business in. You can be a 1 person business that you incorporate and utilize the tax advantages afforded under that umbrella.

And if I am employed in a local company? I can’t write off a lot of stuff as non-taxable expenditure, can I!?

Launcepeter · Mar 30, 2021

Consider finding an off-shore broker (wisely) to be able to make the most from the tax benefits. There are brokers that also offer low to almost no tax environment.

Bugsy · Mar 30, 2021

rubinageniro said:
And if I am employed in a local company? I can’t write off a lot of stuff as non-taxable expenditure, can I!?

If it was purchased or used in the course of your business you can. Being employed while simultaneously running a business is irrelevant. The 2 are are mutually exclusive in accordance with your business.

tomorton · Mar 30, 2021

rubinageniro said:
Yes I’ve stayed in London a couple of times and absolutely love the vibe there, I’m a fan, but for me that’s what it would stay, one of the places I go to escape

London's a brilliant place to holiday in. Not so good to live there. The UK outside London is a whole different country.

markteshorn · Mar 30, 2021

Yeah I’ve heard that these offshore brokerages operate in a financial landscape that follows very minimal financial requirements. For traders like us, it gives us an opportunity to operate flexibly while reducing the corporate expenses.

yana hansen · Mar 30, 2021

markteshorn said:
Yeah I’ve heard that these offshore brokerages operate in a financial landscape that follows very minimal financial requirements. For traders like us, it gives us an opportunity to operate flexibly while reducing the corporate expenses.

Which offshore broker according to you is a wise choice?

Jastinross · Mar 31, 2021

I believe there’s been a massive surge in forex trading especially in 2020 and with that began the search for finding the most well-suited off-shore structure. Luckily I found mine with etoto and pepperstone.

shanellcox · Mar 31, 2021

No wonder US traders are looking for offshore brokers. I mean how much do you expect to earn with all those restrictions? Better trading terms and conditions in the European market works well for almost everyone.

rubinageniro · Apr 2, 2021

tomorton said:
London's a brilliant place to holiday in. Not so good to live there. The UK outside London is a whole different country.

I’m waiting to explore a whole lot of places and in fact the whole thought of earning some extra dough through trading was to help me with my travel dreams, but thanks to this pandemic, that’s come to a halt