Why No One Talks About Anymore

Tips to Aid You In Selecting a Marriage Counseling Services

Marriage counseling services are crucial since it aids in solving disputes that normally exist in couples. A marriage counselor is considered to be a trained specialist that solves any disputes between spouses. It is crucial that a person picks the most ideal counselor to aid them in getting the best services. With a lot of facilities giving these services getting good marriage counseling services in a simple task. Nevertheless, with the appropriate information as well as knowledge a person can in an easy way make the appropriate decision and make sure they obtain the most ideal service to aid them in solving the marriage issues that they have. This article will, as a result, discuss a number of the elements to take into consideration when enlisting marriage counselors.

The initial aspect that you should look into when in search of the most ideal marriage counseling service is the qualifications that the staff member has. You need to go for a marriage counseling service that has staff that is qualified. The staff or even the marriage counselor is supposed to have been through proper training in counseling so as to be in a position of providing service that is of quality. Hence when selecting counselors you are supposed to know the qualifications possessed by a marriage counselor prior to considering to boom an appointment.

The second aspect to take into consideration when selecting a marriage counseling service is to consider a facility with neutral as well as unbiased marriage counselors. It is crucial to note that the counselor that you select is supposed to stay neutral and unbiased when the whole process takes place. They are not supposed to be one-sided. An expert marriage counselor is not supposed to side with either party and should strive constantly to be neutral. It is also crucial that you as well as your spouse make up your mind on the person to provide the expert advice together prior to enlisting any marriage counselor.

The third consideration you are supposed to make when in search of a marriage counseling service is the location. You need to select a clinic that is close to your home. A marriage counseling service that is close to your home has a lot of advantages. It makes sure that you are in a position of getting there on time for the appointments that you have with your chosen marriage counselor. It also aids in lowering the cost of the whole process since it reduces the transport cost. If need be, you are supposed to get a counseling service that you can walk from your home and get there on time so that you can fully do away with the transportation cost. With the advancement in technology, a person can in an easy way to get a good marriage counselor by simply conducting research on the internet. With all the mentioned factors taken into account, a good choice of a marriage counseling service can be made.

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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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: 10 Mistakes that Most People Make

Stress Management 101

We can all feel stressed. Certain things can occupy us to the extent that these things can sometimes consume us. Every person will feel stressed every once in a while, be it due to work, family problems, relationship issues, school matters, and many other causes. However, if you let the things that are stressing you out consume you, there is a higher chance that it will lead to serious problems in the long run. If you want to make sure that you will never let this happen, you have to be able to learn how to manage the things that stress you out with the help of the right stress management techniques.

Stress management can help you mitigate the effects of the things that are stressing you out. When you are stressing over a particular thing, there is a higher chance that you will be able to keep thinking about it to the point where all your other tasks and activities are compromised. Sometimes, you can never stop yourself from thinking about these things that your productivity will be affected and you will no longer feel accomplished despite the things you have done. Stress is not only bad for your mental health but also your physical health as well. Constant feeling of stress can sometimes lead to illness, disorders that may affect your body and many other minor to major ailments.

Therefore, you have to master stress management so that you will never feel like the things that you are stressing over is ruining your life. When you already feel like you are too affected about a certain thing, you have to take a deep breath and allow yourself to assess your thoughts. That way, you will know whether that thing you can’t stop thinking about is worth stressing over or not. It can also help if you accept the things that bother you rather than escape from them because that way, you will embrace them wholeheartedly. The more you embrace things, the less negativity they can offer to you so it is always best for you to practice acceptance. Acceptance is also the first step to recovery so you can make sure that you will be able to get rid of the things that are stressing you out by acknowledging them.

You can also divert your attention to something else that is not at all related to the things that you are stressing over. If you are stressing over your career, you can focus on your healthy hobbies such as sports, arts, crafting and collecting stuff. If you need help when it comes to diverting your attention from the things that are stressing you out, you can go to your friends, family or any other people that can serve as your support group. Other than your loved ones, you can also seek help from a mental health expert so that you can have yourself checked for further complications that affect your mental health. That way, you will have a better solution in dealing with the things that are stressing you out.

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What I Can Teach You About

Improvements that Instantly Transform your Home

There comes a time when you want to change things up in your home. For most people, even though they would want to make simple improvements to their home, they are afraid because it is assumed that it is quite expensive and it takes a lot of work to complete such projects. However, that is not always the case because some improvements are actually quite affordable and simple. This article has some amazing tips that will go a long way as you make some upgrades in your home in a bid to transform it. These tips will make it easy to make great improvements to your home using simple tricks.
The first things that you should think about is repainting. When you repaint your home, it seems like you have a new home. When you paint the house yourself you will save a considerable amount of money which you can use in other projects. When repainting you can use that opportunity to change the colors in your home. If at all you do not want to paint yourself, you can look for a great painting company to take care of everything for you.
Also, changing the door to your home will significantly change the appearance of your home. Even though the door seems so small when compared to the size of the house, its appearance directly affects the aesthetic of the entire house. Therefore if you want to transforms your home in a big way using a simple trick then changing up your door would be great. If you are wondering how you can improve your door then you can start by changing its color, or design or installing a new door altogether, that makes a statement.
For an instant improvement of the aesthetic of your home, change the light fixtures. You do not have to spend a lot of money because you can get a great deal in shops that re-purpose light fixtures.
If you put new floors in your home you will significantly improve the appearance of your home. For example, if you have carpeted floors and you decide to strip the carpet and polish the hardwood floors underneath, the appearance of your home will significantly. Even though the cost implications are quite high, if you ever put your home on the market, the cost of the home will be high.
The last but not least improvement is changing the cabinets in the kitchen, laundry and bathroom. Changing the cabinets in your home makes the home look do new.
You can now confidently say that you know what tips to use when making simple improvements to your home.

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