What is tax withholding?

Federal and state taxes are a fundamental aspect of the American economy, and they play a crucial role in funding government programs and services that benefit the country’s citizens. Understanding how federal and state taxes work on earnings is essential to managing your finances and complying with the tax laws. In this blog post, we … Read more

COVID-19: How it affects your UK Tax Residency

UK and US Tax Advisors with Years of Experience

As we see many more shut-downs, lock-downs and isolation of our countries and public one has to wonder how this affects the globally mobile workforce from a tax perspective? Many of our clients, both employers and employees are asking what the tax impact of travel restrictions and potential lock-downs will mean for their workers who … Read more

The American Rescue Plan Act 2021

Experienced UK and US Tax Advisors - SE Tax Pros

Special Alert for America After passing the House and the Senate, President Biden signs the new law in to effect on March 11, 2021, This new Act will through many American a much needed lifeline that will help recover from the impact of the COVID-19 pandemic. With the signing of this new law many changes … Read more

IRS Child Tax Credits

Experienced UK and US Tax Advisors - SE Tax Pros

As part of the American Rescue Plan Act signed into law in March 2021. the U.S. Government pledged to increase child tax credits for eligible taxpayers and make this a refundable credits. The biggest change to this credit is that it will begin being deposited into Taxpayers accounts from the 1st of July, 2021. Recently … Read more

IRS Guidance on Unemployment Exclusion

Experienced UK and US Tax Advisors - SE Tax Pros

IRS Guidance on Unemployment Exclusion The American Rescue Plan Act was signed into law on on March 11, 2021. With it brought many extensions to financial support for taxpayers and businesses. From that date there have been a few changes and a bit more clarity on some of the exclusions that can be taken by … Read more

American Taxpayers: Virtual Currency and Taxation

Experienced UK and US Tax Advisors - SE Tax Pros

It’s no secret that with COVID-19 plunging out stock market into a state of volatility many personal investors have taken the Bullish approach of buying when the prices are low. Leaving all opinion aside on some of the happenings, such as GameStop, we should turn our attention to what is happening with Virtual Currency and … Read more

HMRC Guidance on Crypto Assets

Experienced UK and US Tax Advisors - SE Tax Pros

As Cryptoassets gain in popularity it comes as no surprise that policy makers have been asked to expand on and specify guidance already in place on the treatment of such transactions.   Are Cryptoassets a currency or a capital asset? When is a transaction a taxable event? Many are of the opinion that crypto trading … Read more

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