US Tax Planning
US Tax Planning
If you’re looking to minimise your potential US tax liabilities in the future, we’re here to help you put plans in place to avoid unexpected and unwelcome surprises. Our expert team are here to help you understand the various filing requirements and rules to allow you to make informed decisions to benefit you in the future.
Investment planning
If you are looking to open an investment account here in the UK, it is vital you understand the potential tax implications in the US. An account being tax-free in the UK is very rarely tax-free in the US, so that you are not caught out by one of the many complicated US tax laws we are here to help you understand how to minimise your tax liabilities while growing your wealth.
Gifting
If you are looking to make gifts of money or assets to your loved ones, as a US citizen it is important that you understand the gifting rules and exclusions that are available to you for you to avoid paying tax on these gifts. Alternatively, if you are going to be in receiving gifts in the future it is important you know how to account for these on your tax returns.
When to make tax payments
With the US tax year running from 1st January to 31st December it is important to consider when it may be most beneficial to make your UK tax payments to ensure that you are able to claim the foreign tax credits on your US tax return. Our team will be able to guide you on how making payments earlier than they are due may be of benefit to you.
Avoiding unnecessary filing requirements
Any action you take could trigger additional filing requirements in the US. Whether you are looking to transfer money into a new bank account, open a new private pension or even start your own sole-trade business, we can help outline how this may affect your annual US tax filings so that you are able to make informed decisions as to whether the actions will be worthwhile to you.
Testimonials
What our clients say about us
Mike Perry
The whole team are incredibly helpful and great at what they do. I can't recommend them enough!
Malia Brown
Thank you to [The Phinch] team for all your support over the years. It's very much appreciated and valued.
Grace Eden
Excellent guidance through process with a high degree of expertise. A very smooth experience.
Jennifer Muller
I have used [Phinch] services for many years. [The] team have guided me through the complicated processes of US taxes as an expat, and stayed on top of any changes in filing rules. Highly recommended.
Larissa Bulla
[The Phinch] team have been incredibly helpful in the preparation and filing of my US tax returns and FBAR submissions, even when I have been less than fully organised. The team are always prompt and professional. They stay abreast of changes in annual tax rulings and have helped me secure rebates or stimulus payments where these are due. I highly recommend this company.