I’ve been having something of a rant based on my experiences of the last few days.
Also, an interesting article from Makeshift about trying to build a Gumroad competitor hosted in the UK:
It’s all probably a bit UK-specific, but it hits up against stuff that I keep pondering in terms of how we end up being exporters, and international businesses despite being tiny companies. Certainly in the UK no-one really is set up to deal with a business the size of ours that has so many customers outside of the UK. The banks, HMRC etc. assume that exporter == massive business, with the infrastructure to cope with that. So many of the annoying things I end up on the phone dealing with track back to that core issue.
I guess related, but have any of you had experience of setting up bank accounts in countries that you are not domiciled? As we have this issue, and also travel a lot I could see a benefit in having our Euro account actually located in the Eurozone, and a US hosted USD account - but I can also imagine that making us look very interesting to the tax man as people do that sort of thing for tax avoidance purposes, rather than nonsense avoidance purposes.