Services » Tax » US Personal and Expatriate Tax
Our highly experienced tax advisors are dual qualified in both the US and UK tax systems, so we can support you with your US and UK filing obligations. We can ensure that your tax affairs are up to date and that your US and UK taxes are reported correctly and in the most tax efficient way.
We will provide you with the best possible support and advice as you need it, going beyond basic tax return preparation and submission. We will identify and talk you through any potential risks, provide technical advice when required and identify opportunities to reduce tax liabilities if appropriate.
One of our core values is “accountants who care”, and we take care to build long term relationships with our expat clients. Understanding the importance of trust between advisor and client, we take time to understand your individual circumstances and requirements. We then use that information to create a bespoke approach that is right for you.
Our truly bespoke service, tailored to your individual needs and requirements, means that we support a range of US expats. From dual citizens, accidental Americans and Americans who are currently working in the UK in a range of sectors, including further and higher education, employees to CEOs of large multinational corporate businesses, through to small business owners and freelancers. Our clients span the UK, including the higher education and professional business centres of Cambridge, Oxford, Bristol, Brighton, Birmingham, Manchester and of course London.
Our regular contact approach means that if your circumstances change, we will ensure we support you in the most appropriate way. We are transparent about fees which are always agreed in advance and based on your own requirements. This totally bespoke approach means that our clients stay with us for many years as their trusted US and UK tax advisor.
We can advise on the correct interfacing between the US and UK tax systems, as well as between the US tax system and other countries. We will help you to claim the correct foreign tax credits in each jurisdiction and to mitigate your risks of double taxation. We can advise on relevant Tax Treaty claims to your situation, which can be an invaluable source of tax relief, and can help ease the burden of reporting and paying tax in two countries at once.
Do expats have to pay US Tax?
No matter where in the world they reside, US citizens and Green Card holders must file annual tax returns with the IRS to report their worldwide income. The IRS and FinCEN also imposes strict reporting requirements on US individuals who hold foreign assets or foreign bank and financial accounts, backed up by heavy fines for non-compliance. Non-citizen non-residents also need to file US returns if they are engaged in a US trade or business, or if they receive US-source income or gains on which the correct tax liability was not withheld at source.
The US tax code is highly complex for individuals who are resident abroad. If you are a US citizen, a Green Card holder, or simply have US-source income, it is essential to seek specialist advice to ensure that your tax reporting is completed correctly and that your compliance obligations are met in full. Farnell Clarke’s dedicated team of US tax advisors can bring you clarity around your affairs. They can help to prepare your statutory returns for the IRS, HMRC, and for State taxation authorities, so that you can focus on matters more important to you.
Call our business development team on 01603 981750 or fill in the form below and we will get back to you.