US vs UK taxes for self Employed
#1
Just Joined
Thread Starter
Joined: Jun 2013
Posts: 7


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.
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.
#3
DE-UK-NZ-IE-US... the TYP







Joined: Mar 2010
Posts: 2,567












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
Last edited by tht; May 13th 2021 at 10:41 pm.