HMRC have recently sent “useful” reminders to UK tax advisors / return preparers, to ensure their clients’ tax return is correct where they fall under the not so “new” deemed domicile rules.  Whilst we feel this letter is a couple of years late, perhaps this was the intention of the letter from HMRC in the […]

The Foreign Bank and Financial Accounts Reports (FinCEN Form 114 aka ‘FBAR’) are due on April 15th annually, however, there is an automatic extension to the FBAR deadline given until October 15th. On October 14th, 2020, the eve of the 2019 FBAR deadline, FinCEN posted an incorrect message on its Bank Secrecy Act (BSA) E-Filing […]

Americans, Brits and others with Swiss bank accounts prior to 2012 are being warned that time is running out for them to get back any hidden commissions they may have paid. This comes in the wake of a recent Swiss Supreme Court ruling which updated four earlier decisions, and which, some say, has shone a […]

USTAXFS works with a number of IFAs, accountants, solicitors, and other professionals who provide guidance on issues related to tax. They occasionally provide us “guest” blogs which we are happy to share with you. Below is an article on tax-exempt entities planning provided by Willem Otterspeer, a partner with Otterspeer, Haasnoot & Partners BV.  Please note that these views do not […]

The COVID-19 pandemic is significantly changing the conduct of business in the US.  Many employers, whether the result of government mandates or because of concern for the safety of employees, are requiring employees to work from home rather than commute to the office where they typically work. Because the US has multiple levels of both […]

At the American Bar Association (ABA) Conference dated July 7, 2020, The Current State of International Criminal Tax Enforcement, it was announced that the US, Canada, The Netherlands, Australia, and the United Kingdom, (The J5), joined forces in June 2018 in Canada to share operational intelligence, best practices, and coordinate media campaigns and form a […]

USTAXFS works with a number of IFAs, accountants, solicitors, and other professionals who provide guidance on issues related to tax. They occasionally provide us “guest” blogs which we are happy to share with you. Below is an article on retirement planning provided by Ross Glanfield, a partner at LIFT Financial, Chartered Financial Planners. Please note that these views do not […]