US vs UK taxes for self Employed
Hi All, have been trying to get a seemingly easy answer
Assuming 200K USD in annual profits is there a simple calc of earnings after taxes, Comparing a S-Corp in California vs a Ltd company in the UK? US tax resident/GC holder UK - seems you would go the dividends route then potentially some sort of top up taxes back to the US, US- S-Corp is somewhat similar but given Biden/ Trump taxes it is a bit of a guess My guess is living in the UK would probably be a wash but benefit from not paying CA state taxes. Trying to make some plans, having asked a few people but maybe here someone have a real word example. |
Re: US vs UK taxes for self Employed
Last I checked a non-US citizen cannot own an S-Corp. You would likely be looking at an LLC arrangement rather than an S-Corp setup.
|
Re: US vs UK taxes for self Employed
Originally Posted by penguinsix
(Post 13006013)
Last I checked a non-US citizen cannot own an S-Corp. You would likely be looking at an LLC arrangement rather than an S-Corp setup.
https://www.epgdlaw.com/llc-foreign-owners/ to the OP you are not finding it because it’s not that simple. You need to understand all the income costs and treatment of it all. Get an old copy of turbo tax pro and run some numbers on schedule C / SE depending on how your doing it. things like QBI deduction can make a significant difference as well for US SE, as can depreciation if physical assets are involved but the devil is in the details |
All times are GMT. The time now is 6:16 am. |
Powered by vBulletin: ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.