devere tax info sheet

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Our services for clients About us At DeVere Tax Consultancy, we offer a unique individualised service to our clients taking into account their personal and sometimes complex circumstances. We assist clients in bringing their tax filing obligations up-to-date and in compliance with the law. We have specialist skills in international, cross-border taxation for taxpayer’s resident in the UK or US or living abroad. Our dedicated team of advisors have a broad range of experience as a result of the wide variety of situations we are exposed to on a daily basis. Using our industry knowledge, we will guide you through the process of managing your tax obligations in the most efficient way. We are committed to professional excellence and providing a first- class service to all our clients, enabling us to build long-term partnerships over the long term. DeVere Tax Consultancy helped me understand the exit charges associated with leaving the US and cleverly managed to reduce this amount due to advanced tax planning. I would highly recommend DeVere Tax Consultancy for all your tax compliance affairs. UK Tax Services US Tax Services - Self-Assessment Tax Return - HMRC Discovery Assessments and Investigations - Capital Gains Tax Planning - Inheritance Tax Planning - Non-Resident & Non-Domiciliary Matters - Property Let Disclosure - Bespoke Taxation Reports - IRS Annual Tax Returns (Federal, State & Non Resident) - Streamline Program - Ex-Patriation and Exit Charge Planning - Late Filing & Non-Filers - PFIC and FBAR Reporting - FinCen and Foreign Income Exclusion Returns - Bespoke Taxation Reports I had previously forgotten to disclose my UK property income, and having spoken to DeVere Tax Consultancy, they were able to make a Property Let Disclosure with HMRC to reduce the potential penalties and fines and bring my affairs up to date. They were great. DeVere Tax Consultancy Ltd – Axiom House – Spring Villa Park – HA8 7EB – UK +44 (0) 203 841 7012 | +1 844 421 7012 | [email protected]

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Page 1: deVere Tax Info Sheet

Our services for clients

About usAt DeVere Tax Consultancy, we offer a unique individualised service to our clients taking into account their personal and sometimes complex circumstances.

We assist clients in bringing their tax filing obligations up-to-date and in compliance with the law.

We have specialist skills in international, cross-border taxation for taxpayer’s resident in the UK or US or living abroad.

Our dedicated team of advisors have a broad range of experience as a result of the wide variety of situations we are exposed to on a daily basis.

Using our industry knowledge, we will guide you through the process of managing your tax obligations in the most efficient way.

We are committed to professional excellence and providing a first-class service to all our clients, enabling us to build long-term partnerships over the long term.

DeVere Tax Consultancy helped me understand the exit charges associated with leaving the US and cleverly managed to reduce this amount due to advanced tax planning. I would highly recommend DeVere Tax Consultancy for all your tax compliance affairs.

UK Tax Services

US Tax Services

- Self-Assessment Tax Return

- HMRC Discovery Assessments and Investigations

- Capital Gains Tax Planning

- Inheritance Tax Planning

- Non-Resident & Non-Domiciliary Matters

- Property Let Disclosure

- Bespoke Taxation Reports

- IRS Annual Tax Returns (Federal, State & Non Resident)

- Streamline Program

- Ex-Patriation and Exit Charge Planning

- Late Filing & Non-Filers

- PFIC and FBAR Reporting

- FinCen and Foreign Income Exclusion Returns

- Bespoke Taxation Reports

I had previously forgotten to disclose my UK property income, and having spoken to DeVere Tax Consultancy, they were able to make a Property Let Disclosure with HMRC to reduce the potential penalties and fines and bring my affairs up to date. They were great.

DeVere Tax Consultancy Ltd – Axiom House – Spring Villa Park – HA8 7EB – UK+44 (0) 203 841 7012 | +1 844 421 7012 | [email protected]

Page 2: deVere Tax Info Sheet

Our services for clients

How we can help US clientsAny US citizen who has an income of $10,000 if single or $20,000 if married, is required by law to complete a US income return. Even if these individuals have no income, they may need to file a US income return and FBAR if the combined maximum balance for all their non-US bank accounts is more than $10,000.

We can assist all US citizens with their tax affairs, ensuring they remain compliant and tax-efficient, taking into account the forever changing tax legislation which will affect them whether they are domiciled in the US or abroad.

We can also assist with bespoke taxation reports and analysis and advice relating to becoming part of the streamline program which saves a huge amount of time and money in becoming compliant (providing they are eligible).

Our services- IRS Annual Tax Returns (Federal, State & Non Resident)

- Streamline Program

- Ex-Patriation and Exit Charge Planning

- Late Filing & Non-Filers

- PFIC and FBAR Reporting

- FinCen and Foreign Income Exclusion Returns

- Bespoke Taxation Reports

DeVere Tax Consultancy Ltd – Axiom House – Spring Villa Park – HA8 7EB – UK+44 (0) 203 841 7012 | +1 844 421 7012 | [email protected]

Page 3: deVere Tax Info Sheet

Our services for clients

How we can help UK clientsThere are a number of different rules to determine if a UK citizen needs to complete a UK tax return.

Understanding the specific regulations and associated tax legislation is complicated and ensuring you are compliant can feel like a mine field.

We can assist all UK citizens with their tax affairs, ensuring they remain compliant and tax-efficient taking into account the forever changing tax legislation which will affect them whether they are domiciled in the UK or abroad.

We can also assist with bespoke taxation reports and analysis and advice relating to a number of areas within UK tax law to ensure your affairs remain tax efficient.

Even if you no longer live in the UK or are ‘non-resident’, you may still have to file a tax return with the HMRC.

The tax rules for UK residents and non-residents are very different, and one of your first requirements is to determine your tax residency status in the UK. It is important to remember that even if you are officially a resident in another country, you may still be a tax resident in the UK.

We can help you interpret and understanding the HMRC statutory residency Test in dertermining your exact residency status which ultimately will determine your tax responsibilities to the UK

Furthermore, we can provide advice and deal with all compliance issues on leaving the UK or returning to the UK. We are also experts on helping non domiciled individuals and structuring remittances back into the UK

- Self-Assessment Tax Return

- HMRC Discovery Assessments and Investigations

- Capital Gains Tax Planning

- Inheritance Tax Planning

- Non-Resident & Non-Domiciliary Matters

- Property Let Disclosure

- Bespoke Taxation Reports

Our services

DeVere Tax Consultancy Ltd – Axiom House – Spring Villa Park – HA8 7EB – UK+44 (0) 203 841 7012 | +1 844 421 7012 | [email protected]