UK Budget 2021: Super-Deduction for Business Assets
It’s no doubt that the 2021 Budget was as important as it ever is and then some. Given the year that 2020 was and all the struggles that faced businesses, employers, workers and more, we really needed some important answers on future support and a roadmap to the recovery of our economy. One of the […]
American Taxpayers: Virtual Currency and Taxation
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 […]
HMRC Guidance on Crypto Assets
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 […]
2021 US Filing Season Delays
The 2020 filing season was a challenge with the IRS closing down and sending workers home due to the COVID-19 pandemic. Tax season delaine was extended and many people rushed to get their taxes filed on time so they would receive stimulus payment lifelines dished out by the U.S. Government. One year later and we […]
Mobile Employees UK Tax Relief on Overseas Workdays
The COVID-19 pandemic brought the world to a standstill. Economies ground to a near halt, travel was grounded and businesses faced much uncertainty to what the future held and the timeline for recovery. One year later we are filled with hope as vaccines roll out and the world begins to open borders. With the turn of […]
2021 Advanced Child Tax Credit for U.S. Taxpayers – but not U.S. Expats.
As the COVID pandemic ground the world to a near halt, business and jobs were put under tremendous stress, not knowing what to expect, when to open and whether they would have to cut costs by making employees redundant. The U.S. Government released several Acts of Congress that injected a much-needed stimulus into the economy […]
International Remote Working
During the Global pandemic of 2020 we saw remote working become the main style of working for many companies and workers. Some may say that this style of working is here to stay despite the Government urging people to get back into the office. Aside from the flexibility of working at home some people have […]
Americans Abroad with a Non-US Pension
Recently the IRS have become very aggressive in their pursuit of non-compliant taxpayers with foreign information to report. Every year the IRS releases a list of top priorities and campaigns of non-compliance that they will target and you guessed it right offshore non-compliance is on that list! Foreign Information Reporting, in particular the reporting, or […]