UK/US Tax Adviser Recommendation
#1
Just Joined
Thread Starter
Joined: Dec 2015
Posts: 1
UK/US Tax Adviser Recommendation
Hello,
I am looking for a tax adviser familiar with UK and US taxes that can help me understand what to do to return to the UK after 17 years in the US.
I have read that Pete Newton from britishexpatstax is great but after trying for the last month via phone and email, I have never been able to get in contact with him.
Does anyone have a recommendation? Preferably in the NY area?
Thanks!
I am looking for a tax adviser familiar with UK and US taxes that can help me understand what to do to return to the UK after 17 years in the US.
I have read that Pete Newton from britishexpatstax is great but after trying for the last month via phone and email, I have never been able to get in contact with him.
Does anyone have a recommendation? Preferably in the NY area?
Thanks!
#2
Re: UK/US Tax Adviser Recommendation
You'll find it hard to find someone in the US who will understand the UK side of things....or maybe I should say, who will give the UK side sufficient emphasis. Go over to the tax forum at
UK Yankee | Expat Americans in the UK
and ask your questions. There are a number of dual qualified advisors in the UK that can help you and might suggest some advisors.
Some general rules would be.
1) Organize your US retirement accounts so that they are easy to manage from the UK. Moving them to IRAs with someone like Vanguard is something to think about.
2) Any non-retirement investments should be UK tax efficient. So they should be in UK reporting funds and you should make sure your UK brokerage is ok with servicing your account as a UK resident. Vanguard and Vanguard ETFs are a good way to do this.
3) Realize any capital gains before you become UK tax resident.
UK Yankee | Expat Americans in the UK
and ask your questions. There are a number of dual qualified advisors in the UK that can help you and might suggest some advisors.
Some general rules would be.
1) Organize your US retirement accounts so that they are easy to manage from the UK. Moving them to IRAs with someone like Vanguard is something to think about.
2) Any non-retirement investments should be UK tax efficient. So they should be in UK reporting funds and you should make sure your UK brokerage is ok with servicing your account as a UK resident. Vanguard and Vanguard ETFs are a good way to do this.
3) Realize any capital gains before you become UK tax resident.
Last edited by nun; Dec 9th 2015 at 12:08 am.
#3
Re: UK/US Tax Adviser Recommendation
The basic steps above are for a US citizen. If you are a green card holder or on another visa it's probably easier to move your non-retirement money back to the UK and reinvest it. You should make sure your US taxes are up to date and see if there will be a need to file an 8854 IRS expatriation form. If you are a green card holder you should also consider your immigration status and read up about the I-407.
#4
BE Forum Addict
Joined: Aug 2013
Location: Eee Bah Gum
Posts: 4,099
Re: UK/US Tax Adviser Recommendation
Hello,
I am looking for a tax adviser familiar with UK and US taxes that can help me understand what to do to return to the UK after 17 years in the US.
I have read that Pete Newton from britishexpatstax is great but after trying for the last month via phone and email, I have never been able to get in contact with him.
Does anyone have a recommendation? Preferably in the NY area?
Thanks!
I am looking for a tax adviser familiar with UK and US taxes that can help me understand what to do to return to the UK after 17 years in the US.
I have read that Pete Newton from britishexpatstax is great but after trying for the last month via phone and email, I have never been able to get in contact with him.
Does anyone have a recommendation? Preferably in the NY area?
Thanks!
http://irs.treasury.gov/rpo/rpo.jsf
If you select UK then leave the zipcode field blank it will list 380 tax preparers that you can scroll through. Most are located in London.
#5
Re: UK/US Tax Adviser Recommendation
I spoke to these people and they were very knowledgeable on both US and UK taxes. They are a bit spendy.
Helena Turner | Associate Director | US Tax and Financial Services Limited
Magdalen House, 136 Tooley Street, London SE1 2TU
Tel: +44 (0) 207 357 8220
US Tax and Financial Services Limited is a member of the US Tax & Financial Services Group Ltd. Group members have offices in London, Zurich, Geneva and Tel Aviv.
Please visit US Income Tax Services & Consultants | US Tax & Financial Services
Helena Turner | Associate Director | US Tax and Financial Services Limited
Magdalen House, 136 Tooley Street, London SE1 2TU
Tel: +44 (0) 207 357 8220
US Tax and Financial Services Limited is a member of the US Tax & Financial Services Group Ltd. Group members have offices in London, Zurich, Geneva and Tel Aviv.
Please visit US Income Tax Services & Consultants | US Tax & Financial Services
#6
Just Joined
Joined: Jan 2016
Location: California
Posts: 1
Re: UK/US Tax Adviser Recommendation
I have moved from the UK to California. I have a business in the UK and in California and need an accountant that can help with my international taxes. Any suggestions please?
#7
Looking for tax advice!
Joined: Nov 2010
Location: Portsmouth, UK
Posts: 35
Re: UK/US Tax Adviser Recommendation
Thanks
Alvin
Last edited by christmasoompa; Jan 1st 2016 at 7:00 pm. Reason: Email address removed to save you from the spambots and weirdos! The OP can contact you via the forum.
#8
BE Enthusiast
Joined: Nov 2012
Posts: 899
Re: UK/US Tax Adviser Recommendation
It is always prudent to only select an adviser from those who are qualified to advise on US tax matters and whose names are therefore published by the IRS. The IRS list is an excellent tool that is designed to help check if any adviser or proposed adviser has any tax credentials within the United States. Most individuals who also want UK tax advice will naturally also want to check that any proposed tax adviser is qualified with at least one professional accounting or tax institution in the UK as well as in the United States so that they know that the adviser is also adequately regulated in the UK.
#9
Re: UK/US Tax Adviser Recommendation
Interestingly, this person does NOT feature in the IRS Directory; which lists the only people who are qualified to advise on US tax issues. As there are no legal requirements to have passed any exams before offering tax advice, the IRS offers their very helpful Directory which lists the only individuals who are qualified to advise on US tax matters; and which can be found here:http://irs.treasury.gov/rpo/rpo.jsf.
It is always prudent to only select an adviser from those who are qualified to advise on US tax matters and whose names are therefore published by the IRS. The IRS list is an excellent tool that is designed to help check if any adviser or proposed adviser has any tax credentials within the United States. Most individuals who also want UK tax advice will naturally also want to check that any proposed tax adviser is qualified with at least one professional accounting or tax institution in the UK as well as in the United States so that they know that the adviser is also adequately regulated in the UK.
It is always prudent to only select an adviser from those who are qualified to advise on US tax matters and whose names are therefore published by the IRS. The IRS list is an excellent tool that is designed to help check if any adviser or proposed adviser has any tax credentials within the United States. Most individuals who also want UK tax advice will naturally also want to check that any proposed tax adviser is qualified with at least one professional accounting or tax institution in the UK as well as in the United States so that they know that the adviser is also adequately regulated in the UK.
ALBIN, BRADLEY Attorney
London, , E14 9GE, GB
ALDRIDGE, ANDREW CLYDE Attorney
London, , E14 9GE, GB
#10
in Northern California
Joined: Apr 2014
Posts: 284
Re: UK/US Tax Adviser Recommendation
Finding folks that are real experts in UK taxes and US taxes is hard. The big accounting and audit firms have some people with both sets of skills but they're very expensive.
The US end is going to be where most of your work is. Partly because it's going to be (presumably) new to you. And certainly because any US resident is going to be taxed on their worldwide income! Circumventing that is going to be difficult and expensive, if not impossible.
Here is a Bay Area firm that I have used and feel comfortable recommending. One of the senior partners is a friend of a friend. But I did use the firm for personal US taxes during my UK -> US transition. Also to help establish and prepare taxes for a small business which I part owned.
They don't have specific expertise in UK taxes but do appear to fully understand the implications of overseas income when preparing US taxes.
Polly, Scatena, Vasheresse & May: Polly, Scatena, Vasheresse & May, CPA - Welcome to our Web site
The US end is going to be where most of your work is. Partly because it's going to be (presumably) new to you. And certainly because any US resident is going to be taxed on their worldwide income! Circumventing that is going to be difficult and expensive, if not impossible.
Here is a Bay Area firm that I have used and feel comfortable recommending. One of the senior partners is a friend of a friend. But I did use the firm for personal US taxes during my UK -> US transition. Also to help establish and prepare taxes for a small business which I part owned.
They don't have specific expertise in UK taxes but do appear to fully understand the implications of overseas income when preparing US taxes.
Polly, Scatena, Vasheresse & May: Polly, Scatena, Vasheresse & May, CPA - Welcome to our Web site
#11
Re: UK/US Tax Adviser Recommendation
Given that once you relocate to the US you will be taxed on your world wide income, you may have already shot yourself in the foot. Shouldn't you have found a competent tax adviser before you commited yourself to coming? (I am assuming you have a visa, though I see no evidence from your postings that you do have a visa or any way to get one. )
#12
Looking for tax advice!
Joined: Nov 2010
Location: Portsmouth, UK
Posts: 35
Re: UK/US Tax Adviser Recommendation
We have not relocated to the US as yet. We are looking to start the wheels in motion shortly. We bought a house via HSBC who operate in the Visa waiver program. The tax advice is needed prior to us going ahead 100%.
#14
Heading for Poppyland
Joined: Jul 2007
Location: North Norfolk and northern New York State
Posts: 14,453
Re: UK/US Tax Adviser Recommendation
Finding folks that are real experts in UK taxes and US taxes is hard. The big accounting and audit firms have some people with both sets of skills but they're very expensive.
The US end is going to be where most of your work is. Partly because it's going to be (presumably) new to you. And certainly because any US resident is going to be taxed on their worldwide income! Circumventing that is going to be difficult and expensive, if not impossible.
........
The US end is going to be where most of your work is. Partly because it's going to be (presumably) new to you. And certainly because any US resident is going to be taxed on their worldwide income! Circumventing that is going to be difficult and expensive, if not impossible.
........
Of course, a lot of Americans in the UK are blissfully ignorant of their tax reporting obligations....