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How to Navigate International Banking, Tax, and Business Structures When Expanding

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Expanding your business internationally necessitates an understanding of new jurisdictions’ legal systems. Navigating foreign banking systems, understanding multilayered tax regulations, and determining the best business structures can be difficult. One bad decision could lead to expensive setbacks or compliance issues that may jeopardize your aspirations to go global.

The Challenges of International Expansion

Businesses make a myriad of decisions when entering global markets, in addition to simply selling products or services. Among the most important are navigating foreign financial systems, following complex tax laws, and establishing a legal presence in the target market. These elements are the foundation of a successful international operation, but without proper planning, they can quickly become obstacles.

For instance:

  • How do you select a foreign bank that is suitable for your operational and growth requirements?
  • What compliance requirements must you meet to avoid penalties or legal issues?
  • How might your business leverage existing tax treaties to reduce overall tax burden?

What is the key to overcoming these barriers? Preparation and the proper knowledge.

International Banking

In the third quarter of 2024, global cross-border bank claims increased by $629 billion to $41 trillion. This represents a 3.4% increase over the previous year, highlighting the growing scale of international banking activity. Managing finances on a global scale requires a great deal of coordination. To ensure smooth transactions and avoid costly errors, businesses must establish sound banking practices and solutions for international operations.

Opening International Bank Accounts

Setting up a local bank account in your desired country should not be overlooked. Many governments and businesses prefer to deal with local entities rather than foreign accounts. Here’s how to simplify the process:

  • Choose the right bank: Look for international banks with a strong global presence. For example, HSBC operates in 58 markets worldwide, serving over 41 million customers, whereas Citibank has an on-the-ground presence in 95 countries, connecting businesses across borders. They frequently provide resources and services specifically tailored to businesses with a global footprint.
  • Prepare documentation: The requirements vary but typically include proof of incorporation, tax identification numbers, and local contact information. In the United States, for example, opening a business bank account requires an Employer Identification Number (EIN) and possibly an in-person meeting with a bank representative.
  • Work with local partners: Working with legal or financial consultants based in your expansion country can help ensure that your account is set up in accordance with local compliance requirements.

Managing Currency Exchange

Fluctuating exchange rates may impact your profit margin. Businesses require a strong currency exchange strategy. Companies that implement efficient strategies for managing multiple currencies can enhance their flexibility and profitability while reducing financial risks.

  • Use multi-currency accounts to hold funds in different currencies, lowering conversion costs.
  • Use hedging tools, such as forward contracts, to lock in favorable rates.
  • Partner with financial service providers such as Wise (formerly TransferWise) or OFX, which are known for reducing international transfer fees.

Regulations and Compliance

Each country has its own set of regulations governing how businesses obtain and transfer capital. For instance:

  • Many countries have anti-money laundering (AML) laws that require businesses to report the source of large sums of money.
  • Know Your Customer (KYC) regulations require you to provide detailed information about your business structure and stakeholders.

Keeping up with these requirements is essential for avoiding operational disruptions. Stricter KYC regulations result in the closure of more than 140,000 SME accounts every year, according to a Lemonde report. The UK Financial Ombudsman stated that complaints regarding premature account closures increased by 44% between April 2023 and March 2024.

International Taxation

One of the most difficult aspects of cross-border expansion is dealing with taxes. Without proper structuring, you risk incurring double taxation, penalties, or paying more than necessary.

Understanding International Tax Laws

Navigating international tax laws requires understanding:

Corporate Income Tax Rates: Business decisions regarding where to operate are influenced by the significant differences in corporate income tax rates. For example, Ireland’s well-known 12.5% rate appeals to many businesses, whereas the United States has a higher effective rate. The US federal corporate income tax rate is 21%, but when combined with state taxes, the average rate is around 25.6%.

  • VAT/GST: Consider how these indirect taxes will affect your goods or services in foreign markets. Hungary has the highest standard VAT rate in the EU at 27%, which affects both consumer prices and business margins. Luxembourg, on the other hand, has one of the lowest standard VAT rates in the EU at 17%, which gives businesses an edge when setting prices.

Minimizing Tax Liabilities 

Legally minimizing the tax burden requires strategic planning.

  • Set up in favorable zones: Consider locating your operations in business-friendly countries. For example, Singapore and the UAE provide a pro-business tax-friendly environment.
  • Maximize deductions: Different countries provide varying allowances for operational costs, R&D, and employee expenses.
  • Use holding companies: By structuring your finances through a holding company in a low-tax country, you can maximize profits.

Utilizing Tax Treaties

Double taxation, or the taxation of the same income in two jurisdictions, is a major source of concern for international businesses. Many countries have signed double taxation treaties (DTTs) to avoid this situation. Check to see if your home country has DTT agreements with your target market to streamline compliance and reduce excessive taxes.

Setting Up Business Structures Abroad 

Your business structure serves as the foundation for your international operations. If optimized, it can enable seamless global operations while providing legal and financial protection.

Choosing the Right Legal Structure

There are several legal structures for businesses that expand globally, including:

  • Representative Office (RO): This is ideal for businesses that want to test a new market but do not want to sell directly to customers. ROs cannot generate revenue.
  • Branch Office: Allows for international sales but ties your financial liability back to the parent company.
  • Subsidiary: A separate legal entity that protects the parent company from operational risks. It is the most popular option for companies expanding internationally.

To select the best setup, consider your needs and future growth projections.

Setting Up Foreign Subsidiaries

 If you proceed with a subsidiary, expect to complete:

  • Incorporation paperwork, which differs greatly depending on the target country
  • Registration with the local trade board and tax authorities
  • Creating separate bank accounts and acquiring local licenses

This process can be time-consuming, but it provides significant operational and tax benefits.

Managing Global Operations

Once the foundation has been established, it is time to effectively manage operations:

  • Stay compliant with wage laws by using international payroll services such as GoGlobal.
  • Invest in global communication tools like Slack or Microsoft Teams to ensure seamless collaboration.
  • Implement supply chain management systems, such as SAP or Oracle, to reduce bottlenecks and increase efficiency.

A proactive approach ensures that operations run smoothly and consistently across multiple regions.

Future-Proofing Your Global Business

Expanding internationally necessitates prioritizing preparation and optimizing your financial, tax, and operational setups. By doing so, you will lay a solid foundation for sustained success. Remember that staying up-to-date on changing global regulations and financial technologies will help your business remain agile in an increasingly globalized world.

Are you preparing to expand but still dealing with the complexities of foreign banking, taxes, or structures? Partner with industry experts who can guide you through each step and ensure your company’s global success. International Expansion Services, including consulting can assist you in navigating foreign markets, managing compliance issues, and establishing the appropriate structures for long-term business growth.

From Holding to Adding Value: New Strategies for XRP Investors and PBK Miner’s Cloud Solutions

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Cloud mining has revolutionized cryptocurrency mining, offering accessibility, ease, and profitability. In 2025, platforms like PBK Miner are taking the lead in providing mining solutions for cryptocurrencies such as Litecoin, Bitcoin, and Dogecoin. These services eliminate the need for costly equipment and technical expertise, making it simpler for users to earn passive income.

The Rising Popularity of Dogecoin and Musk’s Influence

Dogecoin’s popularity has soared in 2025, thanks in part to Elon Musk’s ongoing support. His influence has brought widespread attention to Dogecoin as a digital asset with real potential. This renewed interest has made Dogecoin a key focus for cloud mining platforms like PBK Miner. The platform enables users to mine Dogecoin alongside Bitcoin and Litecoin, making it easier to benefit from these cryptocurrencies’ market potential.

Why Choose PBK Miner for Cloud Mining?

PBK Miner offers an array of features that set it apart in the competitive world of cloud mining:

  • Enhanced Security: McAfee(R) and Cloudflare(R) protection ensure user data and transactions remain secure.
  • No Fees: Users are not burdened with service or administrative fees.
  • Guaranteed Uptime: With 100% uptime and 24/7 technical support, mining runs seamlessly.
  • Daily Payouts: Earn passive income with consistent, daily payouts.
  • Diverse Mining Options: Mine over six cryptocurrencies, including Litecoin, Bitcoin, and Dogecoin.
  • Instant Bonus: New users receive a $10 bonus upon signup.

How to Start Cloud Mining in 2025

PBK Miner simplifies the cloud mining process into three easy steps:

  1. Choose a Provider – PBK Miner makes it easy for beginners and seasoned miners to get started. A low initial deposit is all it takes to begin mining popular cryptocurrencies.
  2. Sign Up – Registering with PBK Miner requires only an email address. Once completed, users can immediately start mining.
  3. Select a Mining Contract – Choose from various mining contracts based on investment levels and expected returns.

Mining Contract Options

Itr offers flexible contracts to cater to different investor needs. Users can start earning the day after purchasing a contract, with withdrawal options available once the balance reaches.

Benefits of Mining Litecoin, Bitcoin, and Dogecoin

Each cryptocurrency offers unique advantages for cloud mining

By diversifying your mining activities across these assets, you can hedge risks and maximize profits in 2025.

Security and Sustainability

PBK Miner is committed to transparency and legality, ensuring that your investment is protected, allowing you to focus on profitability. All mines use clean energy, making cloud mining carbon neutral. Renewable energy protects the environment from pollution and brings super-value returns, allowing every investor to enjoy opportunities and benefits.

Effortless Mining with PBKMiner

It handles all technical aspects of mining, including equipment maintenance, electricity costs, and system security. This allows users to focus solely on earning profits without the complexities typically associated with mining.

Why Cloud Mining is Ideal in 2025

The growing demand for cryptocurrencies and advancements in cloud mining technology make this an opportune time to engage in mining. Platforms like PBK Miner offer an effortless entry point, eliminating the need for expensive hardware and reducing the barriers to participation. Start your journey toward passive income with Litecoin, Bitcoin, and Dogecoin cloud mining by choosing this platform.

In summary:

If you are looking for ways to increase your passive income, cloud mining is a great option. If used properly, these opportunities can help you grow your cryptocurrency wealth in “autopilot” mode with minimal time investment. At the very least, they should be more time-efficient than any type of active trading. Passive income is the goal of every investor and trader, and with PBKMiner, maximizing your passive income potential is easier than ever.

Boost Your eBay Dropshipping Success with High-Ticket Product Strategies

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The e-commerce world is changing and eBay is still at the top of the food chain for many aspiring dropshippers looking to create and maintain sustainable income. High-ticket dropshipping is the practice of selling premium products at a higher price, in which newbies and experienced dropshippers can benefit. Many entrepreneurs find it a challenge to decide products and niches that show promise; this strategy helps to avoid the common traps of low-margin, high-competition products.

For people looking to take their dropshipping business to the next level, learning to choose high-ticket items is critical. This guide provides you with straight-to-the-point practical information to help you understand how to find hot products and ultimately how to profit from them. If you stick to our systematic, data-informed template for product research and niche selection, you will have the tools you need to create a stand-out (and sustainable) dropshipping business in eBay’s crowded marketplace.

Why High-Ticket Dropshipping Dominates eBay Profits

The rise of high-ticket dropshipping on eBay has changed eBay’s landscape. Although most sellers concentrate on selling high volumes of low-cost items, the math of high-ticket dropshipping makes it a bit more of an exciting opportunity. Think about it: one $500 high-ticket item at 20% profit is the same as 50 $50 products at a 10% profit – but with far less work and hassle in terms of operations and customer service.

In premium niches, the low competition barrier of entry serves as the protector of profit margins and market positioning. Unlike filled-to-the-brim, low-margin marketplaces where there are 90 other sellers willing to get in a race to the bottom with you, many higher-ticket niches have fewer competitors, providing the opportunity for experienced sellers to protect their margins. This competitive edge goes beyond price – as the sellers of premium products can afford more in the way of customer service, well-written product descriptions, and better presentation – making them look even more different from budget alternatives.

Most importantly, and what I find m7ost appealing, high-ticket dropshipping allows for much better customer relationships. High-end shoppers do much more homework before deciding to buy, resulting in better decision-making and fewer returns. These clients usually prioritize quality and a good job, rather than just a cheap price, so you can receive repeat work and recommendations. Higher profit margins also allow for some leeway on customer service overtures, like offering expedited shipping, or accommodating off-request orders, that can convert customers that assuredly would have been one-hit wonders into repeat customers.

Top 5 eBay Niches for High-Value Dropshipping

1. Smart Home Automation Systems

The smart home automation market is a fast-growing and increasingly popular market; consumers are looking for integrated solutions for their homes. At the high end are voice-activated products, from smart security systems to whole-home automation hubs, that can fetch a premium price, with high margins. Since these products are highly technical, they present a barrier to entry, meaning less competition and more opportunity to become a leader in the space.

2. Professional-Grade Fitness Equipment

The post-pandemic move toward working out at home has helped buoy demand for pricey exercise gear. Few pieces of equipment scream “I’m serious about fitness, and not afraid to show it” like a commercial-grade treadmill, a multi-use weight station, and a smart fitness mirror, all of which are drawing in the more dedicated exercise enthusiasts who are ready to drop some money on their home gyms. It is also a niche that has recurring seasonal turnovers and can be appealing through different months of the year as the hybrid work transformation isn’t going to be temporary and some businesses are never going to return to that normal.

3. Luxury Pet Accessories

The high-end pet care market has boomed with tech-laden products and designer accessories. Smart pet feeders, GPS-activated collars, and orthopedic pet furniture fetch top dollar from adoring (and affluent) pet owners who value quality and innovation. This is a niche growing off pet humanization. Owners now treat their pets as family members and want anything and everything for them to have the best quality and luxury items. The pet owner’s attachment to animals can make them less price-sensitive and more willing to purchase.

Best-Selling Products in Target Niches

Succeeding with high-ticket dropshipping on eBay involves finding products with a good mix of high face value and high demand. The sweet spot generally comes in items selling for between $200 to $2,000, with enough margin to make a profit but also within reach of the vast majority of consumers. Robot vacuums that can map from the latest generation of mapping-enabled cleaning bots have been successful in this category because they appeal to those looking for practical use as well as technology.

High-priced massagers, including ones that focus on some therapeutic need, have become steady sellers. There is the perception of medical benefits, coupled with the cachet of luxury, that adds up to a higher price tag. “Professional” air purifiers with smart features and multi-stage filtering systems also continue to sell well, particularly in urban markets where poor air quality is a primary factor when choosing to buy.

Another important aspect in their consideration of what potential products to accept is the possibility of shipping not being feasible. The best-selling products in this case weigh between 5 and 15 lb because it achieves a good balance of profit to manageable shipping. Reputable platforms such as EPROLO enable stable stock access and established warranty programs minimize return risks. The best sellers keep a mix of seasonal items (such as expensive outdoor furniture or high-end holiday decorations) alongside evergreen products (like luxury dog accessories or smart home gadgets), leading to a consistent income stream year-round.

Step-by-Step Product Research Tactics

Leveraging eBay’s Completed Listings Data

Learning how to use eBay’s completed listings feature is essential for understanding true market values. Begin by filtering your search results to display only sold items from the last 30 days. Keep an eye out for those items that sell for over $200 time after time with dozens of successful transactions. That rate (measuring sold listings compared with active listings) needs to be higher than 60 percent to show strong demand in the market. Observe seasonal ebb and flows and market fluctuations for the best timing and pricing on your listing.

Supplier Vetting Process

Developing good supplier relationships requires strong validation from the very start. Develop a supplier evaluation scorecard based on three key metrics: average shipping time (opt for under 7 days); return rate (should be less than 3%); and minimum order requirements. Ask for sample orders to check product quality and package samples before ordering. Check their level of English and how responsive they are with communication; good communication will be the difference between an expensive mistake and success. What you can do: Negotiate for tiered pricing (based on purchase volume and frequency) and develop clear guidelines to define returns and customer-service responsibilities.

Competitor Gap Analysis

Uncover market opportunities by studying the weaknesses of your competitors. Be sure to study the listings by top sellers, and think about what’s missing: writing simply in product descriptions, quality of photographs, options for shipping. Track reviews on similar listings to spot common complaints or unmet customer wishes. Draw up a competitive advantage table between key selling points: shipment speed, warranty conditions, and after-sales. Find the gaps where existing sellers fail to present detailed technical specifications, or to provide enough customer-centric support, and base your listings accordingly: comprehensive information and support.

Strategies for High-Ticket Dropshipping Success

The way to get started and always succeed with eBay dropshipping is by selecting a product that is high-ticket and knowing the market in and out! By concentrating on high-value niches such as smart home automation, commercial exercise equipment, and luxury pet accessories, sellers can create profitable businesses in segments with lower operational requirements and a higher level of customer intimacy. It’s not just about identifying expensive products to peddle, but finding a range of ones with healthy profit margins and steady demand that don’t require an unrealistic amount of work.

Keep in mind that high-ticket dropshipping is a business that will require constant business intelligence and flexibility. Begin by applying the research framework described in this post and concentrate on one niche first so you can master the process. Experiment with your product in various categories and measure key performance indicators, using real market data to make decisions. Your investment in product research and supplier relationships today will serve as the springboard for a profitable eBay dropshipping business in the future.

Start Selling Custom Hats with WooCommerce Print on Demand

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The development of mass customization and personalized fashion opens new opportunities for entrepreneurs in the custom apparel sector. Custom hats are one of the most promising niches owing to customers’ preference for unique and individually-designed accessories. On the one hand, the increasing demand for custom hats enables creators to generate more revenue by selling their unique designs. On the other hand, the necessity to manage inventories, monitor the performance of various types of hats, and the requirement of initial investment to produce a variety of headwear may serve as obstacles to small businesses and individuals. WooCommerce’s print-on-demand service addresses these issues and provides creators and small businesses with an opportunity to capitalize on the growing trend by eliminating the main pains associated with personalized fashion – the complexity of customization, restrictions concerning the minimum number of orders, and the logistics associated with international shipping. Whether you are a small business owner wanting to check out alternative revenue streams or an individual artist wanting to monetize the designs you sell, WooCommerce’s features will enable you to start a successful custom hat business. While the platform performs operations related to the implementation of the design, manufacturing, and distribution of products across the globe, you will be able to focus on developing unique products.

Understanding WooCommerce Print on Demand

WooCommerce print on demand effectively blends e-commerce features with custom manufacturing options, such as hats, to make a robust hat selling tool. This connection allows any store orders made at your site to be automatically routed to a printing production plant, and you never need to worry about fulfilling orders and keeping stock. A customer makes an order, the design is automatically rendered and production begins, with the product shipped to the buyer at the end.

This model mitigates risk for private sellers – by eliminating cash flow obligations for inventory purchases. You can pay for products only if you have received customer orders, so you do not have to have a large start-up capital to start a custom hat business. It’s so flexible you can try out different styles and designs without being tied to expensive minimum orders and having to deal with unsold stock.

The print on demand capabilities of WooCommerce also make it possible for hats to be extensively customized through embroidery, direct-to-garment printing, and appliqué among other creative techniques. The platform allows for elaborate product variations, which means that customers can select different hat types, colors, and sizes and still receive the exact design that they ordered. Conclusion services such as mockup generators and design previews are also ideal in ensuring that customers can see their final products before making purchases thus reducing returns and enhancing satisfaction levels.

Creating Custom Design Hats for Personal Use

Design Tools and Template Integration

Today there are design tools out there like Canva, Adobe Creative Cloud, and Inkedjoy’s Design Maker which make it easy for anyone to create a hat design. These templates already have the size restricted so that it fits best for different styles of hats as well as the type of print. WooCommerce product customizer plugins have an integrated workflow with these design platforms, which allows you to upload and handle multiple design variants. You can do this directly from the frontend by using a live product preview, such as the popular product add-ons and custom product designer.

Quality Assurance for Personalized Items

Material selection is another key factor in achieving high quality, as each type is best suited to different styles. Structured cotton twill and durable polyester blends are fantastic choices for varieties with detailed embroidered designs because of their ability to prevent stretching and maintain stitch definition throughout extensive wear. Snapbacks and dad hats, on the other hand, are best produced utilizing lightweight cotton or comparable material, whereas performance caps benefit from moisture-wicking materials to prevent sweat-induced damage. Quality Assurance enables the built-in preview tools to show clients reasonable representations of their customized designs, increasing the chances that they will be pleased with their purchase upon receiving it in their hands. The product variation system offered by the platform may help you identify which design components are compatible with which type of hats, enabling the disablement of certain combinations that are known to be incompatible or of lower quality. Improved preview capability allows for a view from different aspects, allowing customers to have a better understanding of how their hat will turn out, significantly reducing the number of returns due to faulty expectations.

Implementing No Minimum Order Policies

Firstly, WooCommerce print on demand services completely change the hat customization business model, as they remove the traditional minimum order requirement. Therefore, it is possible for the buyer to order a single edited hat with any personal signs without having to incur expenses. By a dynamic pricing approach, the platform stays profitable despite one-time orders due to automatic calculations of production costs, shipping rates, and profit from each piece.

In order to mitigate the costs of small orders, the solution is strategic pricing tiers taking into account those base production costs, yet still competitive. Set pricing on the variable features of WooCommerce in such a way that prices are different for different quantity orders or allow slight discounts on quantities in one order (if applied) without affecting other orders of the same quantity (if available to other users too). Establish automated cost calculations that consider material used, print setup, and handling costs making you profitable at any order quantity.

To achieve this, use the powerful order quantity management that WooCommerce allows you to do through the product settings. For every product variation, define the minimum and maximum number that a customer can order, and the quantity increment. You should also establish stock management, which should be guided by the policies of your print on demand provider to ensure you are effective in operations and flexible in enabling your customers to buy the hats with personalized options from one to a hundred items.

Managing International Shipping for Hat Sales

Carrier Integration and Cost Calculation

The likes of DHL, FedEx, and UPS also provide niche services for worldwide print-on-demand apparel shipping. These carriers will work seamlessly with WooCommerce via shipping plugins and automatically calculate the rate based on a package’s dimensions, weight, and the destination. The shipping zones configuration feature of the platform lets you configure unique rates and carrier choices based on region, so you can offer affordable delivery for both local and global orders.

Transparent Delivery Expectations

Set clear delivery timelines to help manage customer expectations and reduce support inquiries. WooCommerce shipping settings allow you to show estimated production and delivery times based on destination zone. For international orders, remember to add processing time for customs clearance. This will usually take 2-5 business days depending on the destination country. Set up automatic tracking notifications to ensure your customers are informed of your shipment’s status throughout the delivery process. Do you display proper customs documentation? Through WooCommerce integration, set up your WooCommerce store to automatically generate the required paperwork forms. This includes accurate product descriptions, HS codes for custom hats, and declared values. Utilizing a systematic process to develop accurate international shipping documentation decreases delays for customers and additional fees due to customs.

Setting Up Your WooCommerce POD Store

That is it! You are now ready to set up your WooCommerce print on demand store. Here is how to get started: First, choose a reliable web hosting provider and set up WordPress with WooCommerce. Next, install some recommended plugins, such as your print on demand integration plugin, such as Printful or Printify, and WooCommerce Product Add-Ons, which allow you to offer customers an option to design on your product. Also, set up the payment system to accept credit and debit cards and register e-wallets that are popular in international markets.

* Design management. Incorporate a product design tool into your platform. Make sure it integrates with multiple files and keeps the design authentic pre-defined for each specific style of hat. Develop automated workflows that would transfer orders to your POD provider while adhering to both design variations and details clients included upon ordering. Include inventory sync options to mark the product as available or not in the system.

Product Descriptions Start out your marketing efforts by focusing on your product description and its use of keywords as it pertains to custom hats and other unique accessories. Leverage the built-in SEO tools in WooCommerce to help your products show up in search engine results. Utilize social proofing featuring customer reviews and user-generated content with actual printed products. Build out focused email campaigns showcasing new design choices and seasonal specials with WooCommerce’s customer segmentation tools to reach out to distinct customer segments who love bespoke headwear.

Empowering Your Custom Hat Business

With WooCommerce print on demand, the custom hat market has been redefined, and becoming a player in the market is now fully accessible to creators and entrepreneurs of any magnitude. The platform has revolutionized the market by getting rid of significant barriers such as inventory requirements, design complexity, and international logistics for shipping. As a result, the use of flexible purchasing options, such as one by one or in bulk, together with integrated design facilities and quality control, allows companies to meet the varied needs of their customers with ease. An integrated manufacturing and fulfillment approach to production is certain to maintain standards and remain economically viable even when producing custom designs that fulfill only customers’ unique requirements. You can start or expand a custom hat business with WooCommerce that takes care of the rapidly increasing need for individualized fashion accessories using these e-commerce possibilities.

Cybercriminals Target Third Parties and Personal Devices, Says SoSafe Report

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Cybercriminals are shifting their focus beyond traditional corporate networks, increasingly targeting third-party vendors and employees’ personal devices to circumvent organizational defenses. This trend is highlighted in SoSafe’s 2025 Cybercrime Trends Report.

The report, based on a survey of 500 security professionals across nine countries, reveals how attackers are broadening their strategies to exploit vulnerabilities outside direct corporate environments.

“Organisations can no longer rely solely on internal network security,” says Andrew Rose, CSO at SoSafe. “Even with robust measures in place, the risk from external partners remains significant if they don’t uphold the same level of protection. The same applies to employees – when they act without security in mind outside the workplace, it creates vulnerabilities that can compromise the organisation’s overall security posture.”

93% of Organisations Rely on Potentially Vulnerable Third Parties

The report reveals that 93% of organisations now depend on third-party services to deliver their core value proposition. Each additional provider introduces new dependencies, data exchanges, and potential entry points for cybercriminals.

“Attackers are increasingly targeting software and service supply chains to amplify the scale and impact of their attacks – knowing these often lack the robust defenses and resources of larger organisations.” notes Rose. “This concentration strategy creates more opportunities for criminals, more leverage against victims, and more frequent breaches and service outages for customers.”

The challenge is further compounded by fourth-party risks – the vendors of an organisation’s vendors – creating an extended web of exposure that many security teams find difficult to monitor effectively.

83% Report Security Breaches Through Employees’ Personal Devices

SoSafe’s study reveals that cybercriminals are moving outside the traditional corporate domain, with 83% of organisations reporting their employees have fallen victim to cyberattacks on personal devices that caused security issues for the organisation.

“Cybercriminals are blurring the lines between personal and professional spheres,” says Niklas Hellemann, CEO of SoSafe. “While employees may be protected by their organisation’s technical controls, their personal devices and accounts are often left vulnerable. They have become prime targets for attackers looking to gain access to corporate information.”

The message is clear: if it’s connected, it’s a threat vector. And personal is now professional.

95% Witness Rise in Multi-Channel Attack Strategies

As a related trend, the report highlights that 95% of organisations report an increase in multi-channel attacks over the past year. These sophisticated approaches can combine email, messaging apps, social media, and voice calls to create more convincing and harder-to-detect attacks. With the aid of AI technologies, these attacks have evolved into “3D phishing attacks” that seamlessly integrate multiple communication channels to manipulate trust and exploit every possible entry point.

 A notable incident occurred in 2024 involving the CEO of WWP, who was targeted in a sophisticated cyberattack. Attackers used AI-driven voice cloning to impersonate the executive and deceive employees into disclosing sensitive information and transferring funds. This case illustrates how cybercriminals are using multi-channel tactics: Leveraging WhatsApp to build trust, Microsoft Teams for ongoing interaction, and an AI-generated deepfake voice call to execute the final stage of the fraud.

With the aid of AI technologies, these attacks have evolved into “3D phishing attacks” that seamlessly integrate multiple communication channels to manipulate trust and exploit every possible entry point.

“Multi-channel attacks are sophisticated tactics to trick users into becoming unwitting accomplices to criminal activities. To protect against these threats, organisations must provide regular, scenario-based training to their staff. The training not only helps employees identify potential threats but also reinforces positive security behaviours, fostering a security-first culture and empowering them to service as the first line of defence for the business.” Said Hellemann.

Pioneering Venture Capitalist Dr. Traci Elizabeth Thomas Blends Finance With Psychology

San Francisco, CA – Dr. Traci Elizabeth Thomas, a trailblazing venture capitalist and founder of NTT Management Group, Inc., continues to reshape the finance landscape with her innovative approach to investment strategies. At 60 years old, Dr. Thomas embodies a fusion of financial expertise with psychological insight, setting a high standard in the industry.

Boasting over a decade of experience, Dr. Thomas serves as the founder and Chief Executive Officer of NTT Management Group, Inc., an enterprise with its headquarters located in both San Francisco and Beverly Hills, California. Her firm has swiftly developed, positioning itself as a formidable force within the venture capital arena.

Driven by a commitment to excellence, Dr. Thomas has consistently sought to enhance her expertise. She recently acknowledged the need for an upgrade in her approach to her clients, focusing on what she refers to as the “5 C’s”: Capital, Credit, Cash, Corporations, and Character. This admission stems from her acknowledgment that the financial landscape is perpetually evolving, necessitating continuous learning and adaptation.

In June 2021, Dr. Thomas received an invitation from the Vice Provost of Harvard University, which reignited her passion for education. Enrolling in an intensive program at Harvard, she described the curriculum as “challenging, disciplined, and unprecedented,” and praised the exceptional caliber of the professors, tutors, and instructors. The world of financial technology, or Fintech, is dynamic and innovative, compelling all participants to be adaptable, creative, and organized. Dr. Thomas recognized that with the allure of wealth often comes the presence of deceptive personalities, creating a volatile environment in finance and capital markets.

“Masses of money attract personality disorders,” she noted, emphasizing a need for preventive measures to safeguard businesses and entrepreneurs from potential threats. Her commitment to promoting ethical practices in finance remains a cornerstone of her mission at NTT Management Group.

Fast forward four years to June 2025, and Dr. Thomas is set to expand her horizons even further. She has accepted an invitation from Dr. Ramani Durvasula, a renowned psychologist and author, to pursue certification that blends financial instruments with insights into personality disorders. This cutting-edge exploration aims to foster a deeper understanding of protecting not just tangible assets, but also intangible values such as sanity, self-esteem, and confidence.

With impressive qualifications, including degrees in FinTech and Aviation Management & Economics (from which she graduated Magna Cum Laude), as well as a Doctorate in Technology (DTECH), Dr. Thomas’s accolades include memberships in Phi Theta Kappa, The National Dean’s List, and the Harvard Management and Finance Club. Her accomplishments are a testament to her dedication and drive in both academia and professional practice.

NTT Management Group, Inc. and its sister company, No Sweat It Credit, Inc., have also extended their operations internationally, with a presence in Mumbai, India, and Business Bay, Dubai, reflecting the global reach of their enterprise.

As Dr. Thomas embarks on this new educational journey, her commitment to bridging the gap between finance and psychological insights positions her at the forefront of an emerging niche. She aims to equip her clients with the tools necessary to navigate the complexities of the financial world while maintaining the integrity of their personal and professional lives.

In an era marked by rapid technological advancements and shifting economic landscapes, Dr. Traci Elizabeth Thomas remains a beacon of innovation and ethical leadership in the venture capital arena. Her ongoing endeavors will undoubtedly inspire other professionals to embrace continuous learning and uphold the highest standards of conduct in their pursuits.

Navigating SaaS Costs & HMRC Compliance: The Unseen Challenge of Cloud Accounting Data for Businesses

The widespread adoption of cloud accounting platforms like Xero has revolutionised financial management for businesses, offering unparalleled convenience and real-time insights. Yet, beneath this veneer of efficiency lies a less-discussed challenge: the long-term management and accessibility of attached financial documents, particularly once a software subscription concludes. UK businesses face a statutory obligation to retain financial records for a minimum of six years, a requirement that can inadvertently trap them in continuous subscription fees, even when the software’s active use has ceased.

This article delves into the often-overlooked financial and regulatory implications of cloud accounting data retention and how specialised solutions are emerging to provide cost-effective compliance and genuine data control.

The Digital Dilemma: SaaS Subscriptions vs. Long-Term Compliance

Cloud accounting platforms are built on a Software-as-a-Service (SaaS) model, meaning access is contingent on an active subscription. While efficient for ongoing operations, this model presents a specific hurdle for historical records. Upon cancelling a subscription, businesses typically lose direct access to their archived data, including the thousands of vital attachments (receipts, invoices, contracts) that underpin financial transactions.

HMRC’s strict requirement for businesses to keep financial records for six years (or longer for certain assets) means that simply ceasing to pay for cloud accounting software can lead to non-compliance. To maintain access, businesses might feel compelled to pay continuous monthly subscription fees for years. For a Xero user, this could easily translate to a hidden cost of over £1200 per business (based on October 2023 pricing) over the mandatory retention period, simply for archival access. Furthermore, managing these “zombie” subscriptions, updating payment details, and monitoring email notifications adds an often-unaccounted administrative overhead.

The real risk comes during an HMRC inspection. Imagine being asked to provide a specific receipt or supplier invoice five years after your business has closed its active Xero account. Without a proactive strategy, these crucial proofs of spend could be lost, potentially leading to financial penalties or disallowances.

Data as an Asset: Why Attachments Are More Than Just Files

Within the context of financial compliance and business continuity, the attached documents are not mere digital clutter; they are critical financial data assets.

  • Verifiable Proof: Original attachments serve as indispensable evidence for transactions, substantiating tax claims, and validating expenditures during audits.
  • Audit Readiness: Secure, accessible archives ensure businesses are always prepared for regulatory scrutiny, minimising stress and potential penalties.
  • Dispute Resolution: The ability to swiftly retrieve original documents is crucial for resolving any past financial queries or disputes.

Maintaining these records in their original format, independently of a specific software vendor, safeguards a business’s financial integrity and reputation.

Fintech Solutions for Cost-Efficient Data Archiving

A niche but vital area within Fintech is addressing this challenge, providing specialised tools for exporting and securing cloud accounting attachments. These solutions empower businesses to:

  • Break SaaS Dependency: Eliminate the need for perpetual SaaS subscription payments solely for historical data access.
  • Ensure Compliance Affordably: Meet HMRC requirements without incurring significant ongoing software costs.
  • Guarantee Data Portability: Own and access their complete financial records in universal formats, usable on any device, independent of proprietary software.
  • Mitigate Audit Risk: Provide a clear, organised, and verifiable trail for all financial transactions, reducing exposure during inspections.

Spotlight: Numerint – Strategic Financial Data Management for Xero Users

For businesses leveraging Xero, Numerint offers a strategic solution to manage their financial data assets and compliance obligations efficiently. Numerint empowers users with a strategic solution for downloading Xero files with Numerint in one go, including critical financial proofs like supplier invoices (bills to pay), bank spends, customer invoices, bank receipts, and journals.

The platform provides a faster, future-proofed way to achieve peace of mind and follow government requirements without being tied to ongoing Xero subs criptions for mere access. Numerint offers a cost-effective alternative to potentially paying over £1200 per business (based on October 2023 Xero pricing) just to retain access to old attachments.

Its commitment to data integrity ensures attachments are downloaded in their original format (PDF, JPG), with associated data also available as a CSV file. This guarantees future access on any device without requiring special software. Numerint’s pricing structure is personalised based on attachment count, offering tailored solutions from £5 for 100 attachments (Micro) to £30 for 550 (Small), and £190 for 5000 (Large), alongside enterprise solutions for larger firms and accounting practices needing regular backups or bulk migrations. Founded by a Chartered Accountant, a software development company, and a global e-commerce brand, Numerint leverages deep business experience to solve real operational and financial issues for businesses.

Strategic Implications for Business Finance

Proactive management of cloud accounting attachments is more than a technical task; it’s a strategic imperative for a business’s long-term financial health and risk profile. It shifts the paradigm from reactive compliance – scrambling for documents during an audit – to proactive data asset management. By securing these records, businesses gain peace of mind, operational efficiency, and a clearer financial picture, ensuring they meet their obligations without unnecessary expenditure.

Conclusion

The digital transformation of finance brings both opportunities and new responsibilities. For businesses, the crucial need to manage cloud accounting attachments for compliance and cost control cannot be overstated. By embracing innovative Fintech solutions like Numerint, organisations can effectively secure their financial data assets, optimise their budget, and navigate the regulatory landscape with confidence, ensuring their financial history is always at their fingertips.

Where to Play Free Online Baccarat in the UK

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Baccarat has also been the number one casino game of choice for UK players for decades due to how easy it is to play and how quick the pace of the game is. If you’re an absolute new player or just want to try out your baccarat strategy, free online baccarat is a wonderful option to get a feel for the game without ever having to lay out a single penny. Over the past few years, sites that provide free versions of traditional casino games have become increasingly popular, and playing online baccarat for free has never been simpler from the comfort of your own home.

This guide will look at how to play online baccarat for free in the UK, what type of games are available, and why BaccaratWiki is one of the top sites to begin with.

Why Play Baccarat Online for Free

Free internet baccarat certainly has its quite obvious benefits, especially if you’re not yet very experienced when it comes to playing the game or you’d like to try out some new systems. Firstly, no money is involved, and you will not be losing any. It is a perfect place where you’re able to learn and observe how the game is being played at your own pace.

Then there is no pressure. Whatever game you wish to play, you can play it without downloading or registering. The majority of websites give you an option to have demos ready on your browser instantly, and that is just so convenient, even on your tablet or phone.

Finally, free games have versions as similar to their money counterpart in every aspect that matters—rules, design, and graphics. You get to feel the real thing of a live baccarat table without attachment.

Best Place to Play Free Baccarat in the UK

Want to play baccarat for free on a platform you can trust? For UK players, BaccaratWiki is one of the best spots out there. It’s all about baccarat, and all the games work great on any device.

No registration required, no details to input — click and play. Clean, simple design perfect for anyone who wants to dive in and play quickly. Baccarat.Wiki also provides useful resources like game rulebooks, strategy explanations, and supplier data all in one place.

Unlike most casino websites, this website is strictly for entertainment and learning purposes only. No concealed fees, no unexpected deposits that surprise you, and no pesky ads that interrupt your games.

What You’ll Find on Baccarat.Wiki

Baccarat.Wiki also offers a variety of free RNG baccarat games that range from basic versions like Punto Banco to speciality versions like Mini Baccarat and No Commission Baccarat. It is all accessible to new players, but still retains the charm for old players.

The site is easy to navigate, with menus for different game categories and operators. It’s regularly updated with the latest releases, and all of the demo games are run directly on the site — no links or downloads needed.

Most Popular RNG Baccarat Games Available

Baccarat.Wiki offers a selection of the best RNG-based baccarat games, which are software programs that mimic the actual game through algorithms. Some of the most favoured ones include:

Game Title Description
Baccarat Deluxe A smooth, modern version with multiple bets
No Commission Baccarat Removes the 5% banker fee, easy for beginners
Dragon Tiger A baccarat-style game with simple rules
Punto Banco The classic version is most common in UK casinos

Each one of the games features real-life animation and superb gameplay with no deviation from live casino tables, but with maximum safety.  

Master Software Programmers Power Games

BaccaratWiki games are run on some of the best program providers in iGaming. These developers boast a clean track record for truthful, certified RNG systems as well as fine graphics:

  • Playtech – Gives feature-filled performance and smooth gameplay
  • NetEnt – Famous for high-definition visuals and accessible UI
  • Evolution Gaming – While unrivalled in the provision of live dealer games, they also have solid RNG options

You can learn more on this page about these developers, which breaks down their specialities and game options.

In the UK, and want to try baccarat online without spending a thing? Baccarat.Wiki is a solid starting point — easy to use, safe, and loaded with helpful features, whether you’re just starting out or already know your way around the game. The site offers a wide selection of top-quality free games from well-known providers, all accessible without registration.

Whatever you do, whether it is trying out new strategies or just playing some low-stakes games, free baccarat is an excellent way to acclimate yourself to the game. And with websites like Baccarat.Wiki, you’re in safe hands.

AI Code Isn’t Always Clean: How to Spot and Fix Errors

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AI code can contain bugs, security vulnerabilities, or simply misunderstand what you’re trying to build. That’s why developers still need to review and test AI code rigorously before deploying it into production.

AI coding assistants like GitHub Copilot, Amazon CodeWhisperer, and Hostinger’s Horizons are revolutionising the way developers write code. These tools can generate AI code on the fly, suggest optimisations, and even auto-complete functions. But as impressive as they are, they aren’t infallible.

In this article, we’ll explore:

  • Why AI code makes mistakes

  • How frequently those errors occur

  • And what developers can do to catch and correct them

AI tools may boost speed and productivity, but human oversight remains critical. The key is treating AI as a coding assistant—not a replacement.

Why do code errors happen in the first place

At the core of most AI code assistants is a large language model (LLM). These models are trained on billions of lines of code and learn to predict the code that comes next based on patterns. 

“The problem is that these models don’t truly “understand” code. Instead, they estimate likely code completions, guess based on past examples, and sometimes just make things up – this is called hallucination. Plus, they don’t always see the full context of a project. These issues lead to common coding errors like missing or incorrect code blocks, wrong logic, or non-existent functions or libraries,” says Dainius Kavoliūnas, Head of Hostinger Horizons.

A recent study1 found that different models make different mistakes even in the same task. This suggests it’s not just a bug in one model – it’s how they all work. 

AI code accuracy is improving, but it’s still far from perfect

The good news: LLMs are getting better. Models like GPT-4 (2023) now write correct code on the first try about 85.7% of the time, according to a Vanderbilt University study2. That’s a huge improvement compared to older models that often failed entirely3.

It doesn’t stop there. Industry is working on improvements by training on more secure and accurate code, adding automated testing during code generation, and building smarter filters.

Still, improving AI is a process, not a one-time task, and it won’t become 100% accurate in a week or a month.

Tips to avoid AI code errors

Despite these limitations, AI coding tools remain powerful aids, especially when paired with the right features and strategies. 

“If an AI coding tool makes a mistake, a good first step is to just ask it to fix the problem. That’s why we built automatic, free error fixing into Horizons. When an error is detected, Horizons attempts to fix it – resolving about 80% of issues automatically, without any user action,” says Dainius Kavoliūnas.

He also shares a few practical tips to handle AI errors more effectively:

  • Try a new approach. Revert to an earlier, error-free version of the code and update the prompt. 
  • Be specific. Write clear, detailed instructions. Break tasks into smaller steps, give examples, and add restrictions when prompting.
  • Test often. After each change, make sure everything works as intended. A quick test will catch many bugs and logic errors before they sneak into production.
  • Ask for a rewrite. If AI can’t fix the error, ask it to explain or simplify the code. Rewriting code is great for cleanup and may reduce bugs.
  • Review the code. If the AI-generated code is visible and understandable, take a moment to look it over, especially when it involves data, logic, or anything related to security.

AI will keep getting smarter, and one day it may be capable of writing bug-free code. Until then, it’s important to use AI assistance carefully to avoid letting its mistakes cause problems.

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