USTAXFS

A well-deserved celebration… 🥂 This week, the USTAXFS UK team took a well-earned pause to celebrate the end of another successful year. After wrapping up the final US tax deadline of 2024, we got together for a festive meal at the Refinery in Holborn, with lots of laughter, stories, and toasts to our collective achievements. True to our love of history, we ended the evening at Ye Olde Cheshire Cheese, one of London’s oldest pubs. It’s fitting as we look ahead to 2025 when we’ll be moving to our own piece of London’s history - a new office space in a beautiful, historic building. Watch this space to hear more about our forthcoming move! In the meantime, here’s to the team, the journey so far, and an exciting year ahead. Well done, everyone! #USTAXFS

Are you a tax professional with US corporate and/or partnership tax experience? We are recruiting a Corporate Tax Manager to join our corporate tax division. As the largest independent tax accounting firm in the UK and Europe, we specialize in US tax advice, planning, and compliance. Our Corporate US tax team provides guidance to investment funds, companies, and entrepreneurs on US tax matters. If you're interested in developing your expertise as a US tax specialist and joining a collaborative team, please click on the link in the comments below to learn more about this position. Noemi Ares-Birch (Chart MCIPD) #USTAXFS #Corporatetax #USTax #Hiring

Our Private Client Tax Group is expanding! Welcome to Andrew Morgan, who has joined our team as a Senior US Tax Manager in Geneva, Switzerland.   Andrew joins us from the Geneva-based boutique tax firm, Berney Associes SA, where he was a ‘Sous-Directeur’. Prior to that, he worked as a Senior Manger within the Global Mobility department at Deloitte in Geneva.  He is an IRS-approved enrolled agent and brings over 20 years of experience in international mobility and expat taxes in both Switzerland and the UK, with a strong focus on HNWI tax. He holds a BA (Hons) in Economics and Politics from the University of Sheffield, UK. Outside of work, Andrew is an avid runner and enjoys playing five-a-side football. After taking up swimming this summer, Andrew aims to turn last year’s completion of the Lausanne 20km into a triathlon this coming summer.   Andrew is a valuable addition to our Private Client team, bringing a wealth of knowledge and expertise in international tax planning.   #USTAXFS #internationaltax #hiring

Do you have between 3 to 5 years' experience handling private taxes for US and UK individuals. Are you are looking for the next step in your career? Would you like to work with international clients across a diverse range of industries? If so, we are looking for a Private Client US/UK Senior Tax Associate to join our London team. USTAXFS offers a collaborative and friendly work environment. We are looking for someone with strong technical and organizational skills, who is looking to grow their advisory and leadership abilities alongside a growing team of industry-recognized tax professionals. Please click on the link in our comments section below for further information about this career opportunity. Noemi Ares-Birch (Chart MCIPD) #USTAXFS #CrossBorderTax #USUKTax #privateclient #recruiting

Update for all entities formed or registered to do business in the US A recent court ruling has suspended the Corporate Transparency Act (CTA) enforcement deadline, initially requiring entities to report their Beneficial Ownership Information (BOI) to the Treasury Department by January 1, 2025. The court found the CTA may exceed constitutional limits, questioning Congress' authority to enact it. As a result, a preliminary injunction has suspended the enforcement of the reporting requirements. What does this mean for businesses? ▶️ Reporting is currently not mandatory while the preliminary injunction is in effect. ▶️ The situation remains uncertain as the decision is under appeal, and the reporting rule could be reinstated. ▶️ Businesses should remain prepared to act quickly if the injunction is overturned. For further insights and what this means for your compliance obligations, read Gregory Dean’s detailed article here https://lnkd.in/dQPANS8a #USTAXFS #USTax #CTA #TaxCompliance

Year-End Tax Planning Tips for US Citizens Living in the UK US citizens living in the UK have to juggle two sets of tax rules, each with its own complexities. With year-end fast approaching and tax policies ever-changing, now is the time to take control of your tax planning. Effective strategies can help reduce the risk of double taxation and avoid cash flow challenges – especially when it comes to leveraging foreign tax credits, a key tool in managing dual tax obligations. To help you or your US-connected clients navigate both the US and UK tax systems, US/UK Tax Director Harry Swift and Tax Manager Johana Regatuso, have summarised useful year-end tax planning tips here:  https://lnkd.in/eHHuA5uD   If you have any questions about your specific situation, please contact us through our website. #USTAXFS #TaxPlanning #USTaxes #UKTaxes #DualTaxObligations #Expats

Our Trust Division is growing and looking for new talent.... Are you a driven US Tax Manager with an entrepreneurial spirit, eager to contribute to the growth of a dynamic, emerging practice group? We are looking for a US CPA or Enrolled Agent with robust technical expertise in US taxation, gained through 5-8 years of experience at the Big 4 or a boutique firm. The ideal candidate will have a deep interest in trusts, estates, and succession planning, along with prior experience in advising on cross-border tax planning, optimization, and compliance. For more details, please check the comments section for a link to the job posting. We look forward to hearing from you! Noemi Ares-Birch (Chart MCIPD) #USTAXFS #USTax #Hiring #Trusts #Estates #TrustProfessional

We searched for the Holy Grail and Survived Chernobyl… All in Bern, Switzerland! Last week, to mark the start of the festive season, our teams from the Geneva and Zurich offices came together in Bern for a fun (and challenging!) Adventure Rooms experience. Four teams worked against the clock, attempting puzzles and testing their problem-solving skills to escape their rooms in under 30 minutes. It was a great way to build teamwork and collaboration while enjoying some friendly competition! Afterwards, we kept the festive spirit alive with a holiday lunch, with lots of laughter and good food. Thanks to the team for a memorable day! #USTAXFS #teambuilding

Wherever you may be celebrating this year, we wish our American friends, colleagues and clients a very Happy Thanksgiving!     With best wishes from us all at USTAXFS. #USTAXFS #HappyThanksgiving #Thanksgiving2024 #USTaxExperts #CrossBorderTax 

Managing complex tax scenarios for UAE families Darlene Hart, CEO Sarl at USTAXFS Switzerland, joined forces with Sunita Singh-Dalal of Hourani & Partners, a top law firm headquartered in Dubai, and David Bell, Founder & Director of PCD GROUP. Together, they explored the intricacies of tax planning for UAE families with US connections. The discussion focused on a real-world example, a UAE family juggling US tax obligations, global assets, and complex compliance needs. They talked through strategies for tax-efficient planning, cross-border considerations, and navigating the evolving regulatory landscape. Whether you're dealing with similar challenges or advising clients in the UAE, their insights highlight effective solutions for some of the most complex tax scenarios. Click here to watch a video of the discussion: https://lnkd.in/e_fsTKAn #USTAXFS #USTaxPlanning #CrossBorderTax #UAE #MiddleEast