Buzzacott | News & Insights | Read more by Virginia Zee

6 February 2024
Setting up a business in the UK - Banking considerations
There are several key banking considerations to keep in mind when setting up a business in the UK to ensure… Read more 20240206

8 January 2024
US Supreme Court clarifies Foreign Bank Account Report (FBAR) penalty application
In 2023, the Supreme Court confirmed that the $10,000 penalty for non-wilful failure to file an FBAR will apply per… Read more 20240108

Tax considerations for non-American students attending US universities
Non-American students are increasingly looking to US universities as an alternative to their home country’s higher… Read more 20230913

UK Inheritance Tax (IHT) reporting requirements for non-UK (deemed) domiciled individuals
When someone who’s not domiciled in the UK dies holding UK assets, it’s sometimes difficult to understand the UK… Read more 20230726

8 June 2023
Pandora Papers – HMRC nudge letters on offshore income and gains
If you’ve received a ‘nudge’ letter requesting you to check your reported overseas income and gains, don’t… Read more 20230608

US Estate Tax for non-American owners of US assets
In this article we highlight the US Estate Tax exposure and administrative forms required in this situation. … Read more 20230531

Key tax considerations for non-US persons investing in the US
If you are a Non-Resident Alien (NRA) for US tax purposes, you should be aware of the tax implications of investing in… Read more 20230105

20 December 2022
The Corporate Transparency Act (CTA) - new US reporting requirement
Here's what US reportable entities or foreign reportable entities doing business in the US, and their beneficial… Read more 20221220

9 December 2022
2023 US tax year end planning
The 2023 US tax year ends on 31 December 2023, so now is a good time to consider whether there is anything that you can … Read more 20221209

Get your US tax filings up to date via the Streamlined program
Here’s the advantages and qualifying criteria. … Read more 20220516

The tax implications of renouncing US citizenship or green cards
If you’re looking to renounce your US citizenship or green card and expatriating, you should keep in the mind the tax… Read more 20220408

President Biden’s American Families Plan - what it means for you
President Biden’s proposed American Families Plan is intended to raise $1.5 trillion of tax revenue over a decade… Read more 20210430

Key tax considerations when moving to the UK or the US
There’s a lot to consider before moving to a new location, and each person will have their own particular… Read more 20210420

22 March 2021
2021 tax reliefs and extensions for US individuals
Various extensions have been announced to reduce the number of US taxpayers incurring interest and penalties due to… Read more 20210322

The Coronavirus Aid, Relief, and Economic Security (CARES) Act
The CARES Act enacted by the US Congress on 27 March 2020 is an emergency package in response to the COVID-19 pandemic.… Read more 20210111

What US beneficiaries of trusts need to know about tax
If you're a US citizen, resident or and Green Card Holder (AKA a US person) and are the settlor or a beneficiary of a… Read more 20200915

AEOI: Guidance for Hong Kong financial institutions
What you need to know about the Automatic Exchange of Information (AEOI) if you are responsible for a Hong Kong… Read more 20200617

28 May 2020
IRS relief for those stuck in the US during COVID-19
The travel disruption caused by COVID-19 has led to many of those who were travelling to the US for business, leisure,… Read more 20200528

The basics of US Estate and UK Inheritance Tax
We have put together a detailed insight to give you a summary of some of the basic UK Inheritance Tax and US Estate Tax… Read more 20200211

What Americans need to know when arriving in Hong Kong
So, you’ve just landed in Hong Kong, or maybe you are just about to move over. You probably have a million things on… Read more 20180904

What Americans need to know about owning property
Whether you are buying your first home or investing in real estate, owning property as an American is not necessarily… Read more 20180904