Turner Little’s guide to offshore savings accounts

Offshore savings accounts are familiar to most people through media reports of celebrity scandals involving tax avoidance. However, the reality is that offshore account holders do have to pay tax, but there are other benefits that make them a good option.

Contrary to popular opinion, you don’t have to be massively wealthy to take advantage of these benefits. We’ve put together a quick guide to offshore savings accounts.

How to fund your small business without a bank loan

Many entrepreneurs are increasingly seeking out alternatives to bank loans to kickstart their business idea. Here’s our round up of some of the alternative forms of funding available.

Government Start-Up Loan

If your business is either brand new, or you’ve been trading for less than 24 months, you might be able to secure a Start Up Loan backed by the government.

Start Up Loans are unsecured personal loans of amounts up to £25,000. The loan must be used for your business only, and is repayable at a fixed interest rate of 6%. To find out whether you are eligible, check online.

Overdraft from the bank

A bank overdraft can be handy for businesses that have uncertain income streams. It provides fast and flexible cashflow when you need it. Using it sensibly can pay off. For example, you should use it when income is less steady and then as soon as business picks up, pay it off.

Many banks only charge interest on the amount that is overdrawn and some offer specific packages for new businesses. Be aware that interest rates on bank overdrafts are generally above base rates of interest.

Read the full article on the Turner Little Blog.

5 reasons to open offshore bank accounts

If you’ve always thought that off-shore bank accounts don’t sound quite legitimate when it comes to holding your savings and assets, you might be surprised.

There are many reasons why opening an off-shore bank account could be the right choice for you. To explain a bit more, we’ve come up with five reasons why you should open your own off-shore bank account.

Read the full article here.

Alternative Business Finance: What Are the Options?

Traditional forms of lending from banks are declining when it comes to business funding.

A dramatic change in the ease of access to business funding occurred following the credit crunch in 2007. Ten years on, it’s still extremely difficult for many start-ups and early stage firms to access business loans the traditional way.

The government has recently forced the banks to tell borrowers about alternative lending options if they won’t dispense business loans themselves.

Turner Little look at different ways to secure finance.

How Do You Open a Commercial or Business Account in the UK?

It’s simple to open a business account, particularly if you have a good understanding of everything you need to provide. Collecting the correct documents and information will make the process even smoother. Here’s a rundown of what you need.

Turner Little run through what you need in our article How Do You Open a Commercial or Business Account in the UK?

How to open a basic bank account with Turner Little

If you have a poor credit score, you may find it difficult to access to financial products – most notably bank accounts. This can make it hard for you to manage your money or access services such as loans. Basic bank accounts could be the answer here, as you often do not need a credit check to open one. We provide these products, so here we explain how to open a basic bank account with Turner Little.

How To Cut Down Five Significant Business Costs

It is vital that as a small business owner, you strive to reduce your firm’s outgoings wherever possible. With this strategy, you can free up capital both to fund day-to-day operations. Turner Little discusses how to cut down five significant business costs.

Read the full article: How To Cut Down Five Significant Business Costs

Five Considerations for Opening Your Business’ First Bank Account

Finding launch capital is one of the basic considerations of starting a company. You will need to open a bank account for your business, in order to manage your start-up cash effectively but if you choose the wrong provider, you could restrict your firm’s cash flow and damage its operations. Turner Little names the factors you should consider when opening your business’ first bank account.

Read the full article: Five Considerations for Opening Your Business’ First Bank Account

HSBC to Supply Millions in Small Business Loans

HSBC has launched a £10 million (m) support package for UK SMEs. Part of the financial institution’s broader commitment to making consumer banking simpler and easier, the Fund is aimed at providing UK small businesses with expansion financing.

Turner Little reports on high street bank HSBC’s recent decision to launch a new financing facility for British small to medium-sized enterprises (SMEs).


Read the full article on the Turner Little Blog.

Turner Little Asks:What is Credit Repair?

A poor credit rating can limit your ability to live a normal life both personally and professionally, as well as limit access to the funds you need to obtain a mortgage or to start a business.

In this article, Turner Little ask, what is credit repair?

Read the full article here.

What Should You Consider When Opening an Off-Shore Account?

Despite often attracting “bad press”, establishing an off-shore bank account can provide you with the effective means to manage your assets particularly when you live, work or buy property abroad or routinely transfer money between international accounts or currencies.

Turner Little outline the key considerations when opening an off-shore bank account.

Read the full article here.

Company Registration Agents

Company Registration

Turner Little are established Company Formation Agents, Banking Intermediaries and Business Consultants with over 25 years experience assisting clients both in the UK and Overseas.

Our ability to provide innovative corporate structures and banking facilities both in the UK and Offshore and our commitment to an excellent service level have earned us an enviable reputation.
Our specialist knowledge and broad experience enable us to assist clients with the formation of all UK company types, including Private Limited Companies, PLC, Guarantee Companies, Charity and Community Interest Companies as well as LLPs. Overseas we are able to incorporate offshore companies in a significant number of jurisdictions either through associate offices or through our own government licensed company in that jurisdiction.

Our clients are located and operate on a global basis and in a range of industrial sectors. Often they have complex business or personal taxation considerations which can benefit from our knowledge or expertise.

UK Limited Company

We are able to provide a complete business solution, beginning with the formation of your UK Limited Company, through to Banking Arrangement, Business Consultancy, provision of Company Secretary and Registered Office Address and including Accountancy facility.

The UK Limited Company is the most popular type of corporate entity used in the UK today and provides owners with limited liability protection to ensure the safety of their personal cash, home and other personal assets.

All companies are available either with your own choice of name (subject to availability), or also as a ready made UK limited company.