In September 2019, the IRS announced new relief procedures to support former US citizens to come back into compliance with their US tax filing obligations and avoid any potential “Exit tax”.
The program allows taxpayers to become US tax compliant …
June 2020
Taxation of Gifts: UK rules vs US rules
There are many misconceptions about the tax implications of making gifts. Consequently, efficient methods may not be utilised in gifting which may result in an avoidable tax bill. From exemptions and allowances, to capital gains taxes, we explore the different …
An Overview of US Entity Classification Regulations
Many businesses and taxpayers find themselves forming foreign corporations, either with the intention of expanding into a global marketplace or, in the case of many of our clients, because they live outside of the United States.
One of the most …
Budget 2020: A reminder from a time before lockdown
On the 11th March 2020, The Chancellor of the Exchequer, new in the post, Rishi Sunak, presented his Budget to Parliament to much acclaim – more so for the performance rather than the content, appreciation of which probably depends on …
