The hidden taxes of being an American Abroad

The Net Investment Income Tax (NIIT) was introduced by the United States government in 2013 as a way to fund the Affordable Care Act. This tax imposes a 3.8% surtax on certain types of investment income earned by individuals, trusts, and estates. Although the NIIT was primarily designed to apply to US residents, it also … Read more

Thinking of becoming self-employed?

If you’re planning to start your own business in the UK, it’s important to understand your tax obligations. As a self-employed individual, you will be responsible for registering with HM Revenue and Customs (HMRC) and paying your own taxes. Here’s what you need to know about registering as self-employed for tax in the UK. Who … Read more

Another postponement of Making Tax digital.

Making Tax Digital for Income Tax Self Assessment — Another Postponement and what it means for you What is Making Tax Digital (MTD)? Making Tax Digital (MTD) is a government initiative that has been ongoing for nearly a decade now, repeatedly delayed by setbacks, the biggest of which is the impact of Covid. The essential … Read more

Expanding Business into the usa

Aspiring Entrepreneurs setting up a business. Expanding your business into the USA is a wonderful achievement for your business. It brings a whole new host of questions about your overseas tax liabilities, laws, regulations, insurances and compliance requirements. First, you must decide which business structure you wish to choose and register correctly with the Secretary … Read more

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