Practical Consequences of CRS
Iain Younger, Private Client Tax Director, is a guest speaker at the IBC conference: Practical Consequences of CRS on 9th December 2015 in Central London. This is a brand new comprehensive one-day...
View ArticleUS Tax – Annual Inflation Adjustments
A whole range of US tax allowances are increased annually to take account of inflation. Amongst the items impacted are the standard deduction, the foreign earned income exclusion and the personal...
View ArticleUS Year-End Planning for Foreign trusts
As the 2015 tax year draws to a close, it is important to consider the US tax system’s impact on the international trust world. FATCA (the Foreign Account Tax Compliance Act) continues to bring IRS...
View ArticleACA Town Hall meeting
Robyn Limmer, Head of Tax, and Iain Younger, Private Client Tax Director, will be speaking at the Americans Abroad and ACA Global Foundation third annual Town Hall evening on Tuesday 3rd November...
View ArticleThe end of the US tax year is not far away…
Early November, the time when US tax advisors traditionally send out their year-end planning newsletter. Absent a law change which is about to close the window for certain tax effective actions,...
View ArticleRaising money for Centrepoint ‘Sleep Out’ 2015
The Partnership team at Frank Hirth slept rough on the streets in aid of the ‘Sleep Out’ for Centrepoint on 12th November 2015. Centrepoint is the UK’s leading charity for homeless young people. Each...
View ArticleHow to come clean – Options for US persons with connections to Foreign Trusts
With the first FATCA reports now out of the way for financial institutions, we have highlighted the options available for US taxpayers who are not up to date with their US tax filing requirements,...
View ArticleHow to come clean – Streamlined Filing Compliance Procedures
The most beneficial is the Streamlined Filing Compliance Procedure, effective 1 July 2014. The streamlined procedures require a Certification that the failure to report income from foreign financial...
View ArticleHow to come clean – Offshore Voluntary Disclosure Program
The 2014 OVDP is directed at those who wilfully failed to meet their US tax obligations or those with a higher risk of being charged with criminal conduct. This is the preferred IRS route for all...
View Article2015 Autumn Statement – Employment Taxes
Apprenticeship levy Employers will be required to pay a 0.5% levy on their payroll costs to fund apprenticeship schemes. The levy will be on the employer’s “payroll costs” and collected through the...
View Article2015 Autumn Statement – Non-domiciled individuals (“non-doms”)
In his speech, the Chancellor made no mention of non-doms. The Treasury team responsible for the recent consultation on changing the tax rules for non-doms had already indicated that the outcome of...
View Article2015 Autumn Statement – UK Residential Property
Capital Gains Tax (“CGT”) for non-residents This relates to the CGT charge for non-residents disposing of UK residential property. The current legislation appears to be defective, as in some...
View Article2015 Autumn Statement – Anti-avoidance and evasion
A range of new anti-avoidance and evasion measures were announced. These focus on what the government considers to be abusive practices at both individual and corporate levels. Offshore Activity -New...
View Article2015 Autumn Statement
The Chancellor, George Osborne, introduced his Spending Review and Autumn Statement as providing an “opportunity for all”. For anyone interested in the detail behind the Chancellor’s headline...
View ArticleForeign Trust Tax Review
As the awareness of the reach of the US tax system becomes wider spread, the Frank Hirth Trust & Estate Team are pleased to launch the Foreign Trust Tax Review. A service aimed at assisting...
View ArticleAuto-enrolment Breakfast Seminar – 13th January 2016
Questions on auto-enrolment? Come along to our breakfast seminar which covers employment tax and payroll updates, year-end matters, the current market for pensions and retirement savings and more....
View ArticleForm 1099-MISC
If, during the calendar year, you hired US contractors in the course of running your trade or business, you may need to issue them a Form 1099-MISC. Form 1099-MISC is required if any of the following...
View ArticleUS legislates for action on outstanding tax debt
An old advertising slogan proclaims that the product in question “does exactly what it says on the tin”. The Fixing America’s Surface Transportation Act, signed into law by President Obama on 4...
View ArticleFrank Hirth appoints two new Directors to the Board
Private Client Tax Director’s, Iain Younger and Rhea Lucia-Hennis, have been appointed to the Board with effect from 1 January 2016. Having joined the company in 2000 and 2002 respectively, Iain and...
View ArticleTackling the Fear of Foreign Trusts
As part of our Winter Warmer Tax Technical Series, we will be discussing UK and US beneficiaries of foreign trusts, offering practical guidance and advice from a foreign planning perspective. Join us...
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