Expat Tax Advice Ltd

Living abroad and feeling lost with your taxes? You're not alone! As a UK expat, navigating the complex world of taxes can be daunting. Here’s some quick advice to help you stay on track: Know Your Filing Obligations: Even if you reside abroad, you might still need to file a tax return in the UK. Understand Foreign Income Exclusion: You may be eligible to exclude a portion of your foreign income from UK taxes. Claim Foreign Tax Credits: Avoid double taxation by claiming credits for taxes paid in your host country. Stay Updated on Tax Treaties: Some countries have agreements to prevent double taxation, so know your rights! Keep Detailed Records: Document your earnings, taxes paid, and any financial transactions to simplify filing. 💡 Top Tip: Consult a tax professional who specialises in expat taxes to ensure you’re compliant and maximising your benefits. Don’t let taxes stress you out – get the right advice and enjoy your expat life! 🌐✈️ 📞 01249 816 810 #ExpatLife #TaxTips #FinancialAdvice #UKExpats #TaxSeason #ForeignIncome #StayCompliant #DoubleTaxation #TaxCredits #ExpatLiving

📣 Let’s Talk! 📣 What is your BIGGEST Tax or Accountancy Concern? 🤔 We at RiverView Portfolio understand that navigating tax and accountancy issues can be challenging. Whether it's understanding IR35, managing payroll, or dealing with HMRC, we're here to help! Drop your concerns in the comments below or reach out to us directly. 📧 info@riverviewportfolio.co.uk 📞 01249 816810 💻 https://lnkd.in/d6S5SY-B Let's tackle your concerns together! 💼✨ #TaxAdvice #Accountancy #BusinessSupport #RiverViewPortfolio #UKBusiness #TaxConsulting #ClientSupport #FinancialAdvice

Planning that extended vacation or maybe being posted overseas? Too many people forget that if they have a property portfolio in their own names, then the "usual place of abode" can trip you into needing to register as a "Non-Resident Landlord" (#NRL) We explain all of this in the linked video https://lnkd.in/eXYtgRJu

Do currency exchange movements keep you up at night? Probably not. But for many of my clients, this is a real concern. That's why here at Optimal Currency, we offer a solution that can help ease your worries. With our Forward contract, we can lock in an exchange rate for up to 2 years into the future. Here's an example: One of my clients needed to buy #USD to pay a supplier in China. After recent volatility in the GBP/USD currency pair, she was concerned about how much this would cost her and how it would affect her company's bottom line. But with our help, she didn't need to worry. ◾ We had a conversation about her needs and concerns and discussed Forward buying. ✔ ◾ We were able to lock in a rate on that day, which didn't require full settlement of funds for 6 weeks - perfect for my client as she was waiting for payment from the UK. ✔ ◾ In the end, the rate we locked in ended up being 3 cents above the rate on the day we sent the USD to China! ✔ In summary, my client had peace of mind knowing her currency was secured, and she was able to get on with her day-to-day work. If you're having #currencynightmares and want to sleep easy, let's have a chat. Remember, it's good to talk! 😀

From the 1st May 2024 Companies House are making changes to the company incorporation and registration fees. You can find all the changes to fees in the link below. https://lnkd.in/ehN6gBj3 Clients will be contacted with more details on what this means for their businesses. Unsure how this will affect you or do you need help with Co Sec? Get in touch with our specialist Georgia on georgia@riverviewportfolio.co.uk or 01249 816810.

“Influencers” We work with a lot of #influencers on their tax management and reporting, and of course people would think that this is a modern phenomenon but it really isn’t … see the Stanley Matthews image here from 1952 It is complicated to get the tax position right, and too many “wannabe accountants” advise their clients wrongly about the taxation of the income, and what expenses are deductible. If you know anyone that has cash or goods in exchange for endorsement, ask them to contact me on mark@riverviewprotfolio.co.uk

Reminder - Don't loose out on your full state pension! In order to be eligible for a full state pension, you need to pay National Insurance for 30 or more tax years. For every tax year you pay NI - this is 1 qualifying year. If you have gaps in work, you may have missed out on qualifying years, meaning entitlement to a full state pension may not be achieved. If you have less than 10 qualifying years it is possible that you may not be eligable for the minimum state pension. If you have gaps in your NI record and are concerned that you may not be eligible for the full state pension - we can help you! Until 5th April 2025, we can help you fill in the gaps of your NI record back to 2006 - after this date we will only be able to do this for the past 6 years. We therefore urge you to check your NI record, using the below link, sooner rather than later. Please do get in touch with the team if you have any gaps and require our help. https://lnkd.in/e4RTpSe 📧 info@riverviewportfolio.co.uk 📞01249 816810 💻https://lnkd.in/d6S5SY-B