USTAXFS

USTAXFS is growing its Trust Division.... Are you an entrepreneurial-minded US Tax Manager looking for an exciting opportunity to play an integral role in the development of a young practice group? We are seeking a US CPA or Enrolled Agent with strong US-focused technical tax knowledge which they’ve acquired working with the Big 4 or a boutique firm over the past 5-8 years. Successful candidates will have a strong interest in trusts, estates and related succession planning topics and will possess prior experience advising on cross-border tax planning, optimization and compliance. Please see the comments section below for a link to the job advertisement. We hope to hear from you! Noemi Ares-Birch (Chart MCIPD) #USTAXFS #USTax #Hiring #Trusts #Estates #TrustProfessional

USTAXFS is growing its Trust Division.... Are you an entrepreneurial-minded US Tax Manager looking for an exciting opportunity to play an integral role in the development of a young practice group? We are seeking a US CPA or Enrolled Agent with strong US-focused technical tax knowledge which they’ve acquired working with the Big 4 or a boutique firm over the past 5-8 years. Successful candidates will have a strong interest in trusts, estates and related succession planning topics and will possess prior experience advising on cross-border tax planning, optimization and compliance. Please see the comments section below for a link to the job advertisement. We hope to hear from you! Noemi Ares-Birch (Chart MCIPD) #USTAXFS #USTax #Hiring #Trusts #Estates #TrustProfessional

Sports and Media - engage and entertain us, creating irresistible memories that last a lifetime. 🏒 🏈 🏀 ⚽ 🥇 🎬 🏎️ 🎭 The people and organisations involved in this industry have unique needs and challenges. Mobile, international, complicated compensations, often high profile, emotional, big ideas, creative, unpredictable and rare lifestyles - all often in the public eye. Having the right advisors to support them is essential. Really privileged to share a panel at the HNW Advisor conference last week in Manchester with Gareth Griffiths Carol Couse Mark Rogers and Constantino Vidal Ruiz de Velasco, all experts in their fields in supporting athletes and entertainers. Given the nature of the industry, powerful organisations like the International Olympic Committee – IOC and FIFA have pressured host governments to change their tax, legal and immigration rules for athletes to participate. Athletes and entertainers have been known to avoid playing in certain countries if the tax or immigration rules are disadvantageous to them. Usain Bolt memorably refused to run in the UK in 2010 based on HMRC tax rules and how it looked at his worldwide sponsorship and endorsement earnings. The US with it's famously complex tax system, has created the unique 'Jock Tax' which has brought millions to state budgets. This affects athletes or entertainers travelling around the US (from any country). While the origins are unclear, the opportunistic State of Calfornia Franchise Tax Board in 1991 charged Michael Jordan for California State Income Tax when the Chicago Bulls came to Los Angeles to play in the NBA finals. Illinois, not to let Calfornia have all the fun, charged Los Angeles Lakers players, particularly Magic Johnson, when they came to Chicago to play in the series. This law became known as 'Michael Jordan's Revenge'. Most states have now adopted 'Jock Tax'. On average, NFL players file 8 to 12 tax returns, NBA players file 16 to 20, and MLB players file 20 to 25 returns according to CNBC. Thanks to Ian Barclay who explained the intricacies of 'Jock Tax' to me! Thanks to David Bell and PCD GROUP for organising and to our moderator Ken Chapman USTAXFS David Lewis #USUKTAX #USTax #WealthManagement

Our Corporate Tax Group is growing! Welcome to Felipe Toledo, who has become a Tax Manager in our London office. Felipe joins us from EY, where he most recently served as a US Tax Manager within their M&A and international tax advisory group.  Prior to that, he worked at the boutique Brazilian tax law firm, Sacha Calmon Misabel Derzi Advogados. Felipe is both an Enrolled Agent and a Member of the Brazilian Bar. He holds a Master of Law in International Taxation from the New York University School of Law and a Bachelor Degree in Law from the University of Minas Gerais in Brazil.    Outside of work, Felipe is an avid cyclist and plans to commute to and from the office by bike each day.  As a self-described “history geek”, he enjoys exploring London’s historical sites as well as visiting medieval towns and castles, such as the 11th-century Arundel Castle in West Sussex.     Felipe is a valuable addition to our expanding Corporate team, bringing a wealth of knowledge and expertise in international tax planning. #USTAXFS #usuktax #internationaltax #hiring

Guten Tag from Munich...   David Lewis and Hannah Nelson (Hörnis) attended the Private Equity Insights DACH Conference in Germany last week.   Over 600 LPs, GPs and industry colleagues gathered in the beautiful city of Munich to discuss the private equity landscape in 2024 and beyond.   The Conference covered topics including:   ➡ The Best Sectors for Private Equity Deals in 2024 ➡ Creating a High-Performance Board ➡ Fundraising: Capturing Growing Investor Appetite ➡ ESG & Impact Investing: Generating Alpha ➡ How to Optimize Value Creation Through Digital and AI driven Strategy Execution ➡ To Exit or Continue: Best Exit Strategies in 2024   It was an excellent opportunity to build relationships within the PE community and also gave Hannah the opportunity to put her native German language skills to good use! #USTAXFS #usuktax #privateequity #networking

As one of the largest independent tax accounting firms 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 have US corporate and/or partnership tax experience and are seeking a new career opportunity, we at USTAXFS are recruiting for a Corporate Tax Manager to join our corporate tax division. Your expertise as a US tax specialist would lend itself to our growing, collaborative team, of US accountants and lawyers. If you are interested in learning more, please click on the link below in the comments for more information. Noemi Ares-Birch (Chart MCIPD) #USTAXFS #Corporatetax #USTax #Hiring

Did you know that if you or your client is a US taxpayer with overseas assets a special tax and compliance regime could apply? Passive Foreign Investment Companies (PFICs) are tricky territory, and understanding the nuances can be the difference between compliance and costly penalties. Our article by Corporate Associate US Tax Director, James Debate, breaks down:  ✅ What is a PFIC   ✅ The tax implications for US persons   ✅ The key elections - 1291 Fund, QEF, and Mark-to-Market  ✅ Indirect ownership rules It is very important to stay informed and plan ahead. If you’d like to learn more, read the full article via our LinkedIn Newsletter below or get in touch with us via our website to discuss your specific situation. You can also subscribe below to receive future USTAXFS Briefings to be kept up to date with the latest US tax insights, trends and news from the US and US/UK tax specialists at USTAXFS. #USTAXFS #TaxPlanning #PFIC #Expats #USExpatTax #WorldwideTaxation

Congratulations Gerti Sadiku! 👏 A big well done to Gerti Sadiku on his recent promotion to Senior Tax Associate in our growing Trust Group.  Gerti joined us earlier this year from EY's US/UK cross-border team and has quickly become an invaluable member of our team. His commitment to teamwork, excellent organizational skills, and keen attention to detail have all played a key role in this well-deserved promotion. Gerti is a dual US/UK tax handler and an Enrolled Agent (EA), and is currently pursuing his ATT qualification. Please join us in congratulating Gerti on this exciting next step in his career! #USTAXFS #CrossBorderTax #USUKTax #USTax #TrustTax

Are you a tax professional with 3 to 5 years of experience handling private taxes for both US and UK individuals? Are you interested in working with international clients from various industries? We are seeking a candidate with strong technical expertise and organizational abilities, who is eager to enhance their advisory and leadership skills within a growing team of respected tax professionals. If you're ready to advance your career, we are looking for a Senior Tax Associate specializing in US/UK Private Client services to join our team in London. For more information about this exciting opportunity, please click the link in the comments section below. Noemi Ares-Birch (Chart MCIPD) #USTAXFS #usuktax #privateclient #recruiting

Exciting time in Estonia last week at the GGI | Global Alliance Nordic-Baltic Meeting in Tallinn. As part of the YITPG, Young Professional International Tax Practice Group, I had the pleasure of presenting on US Foreign Bank Account Reporting (FBARs).  The event, led by and aimed at professionals under 40, was a great opportunity for me to share US tax best-practice with industry colleagues.  The tax filing obligations of US citizens with bank accounts in Europe is important, and there are common misconceptions/pitfalls when complying with US tax law. You can read a synopsis of the presentation below for more information about this topic. https://lnkd.in/eCBgjr3i Thank you Oliver Biernat and Federico Grossi for the opportunity to share these important tax insights and for the opportunity to build relationships with industry colleagues from other GGI member firms. #USTAXFS #usuktax #FBAR #GGI #networking