Do I have to file a US tax return➥ Streamlined Tax Amnesty program Darryl, an Enrolled Agent, has many years of expat tax experience, including how the Streamlined Tax Amnesty program works. He has taken time out of his busy day to explain how American citizens living abroad that have somehow fallen behind with their […]
T1135: Foreign Income Verification Statement Canada Understanding the T1135 Form A T1135 form is a tax form that the Canadian government uses to collect information on specific assets owned by Canadian residents outside Canada. The form is used to verify foreign income and assess taxes owed. It’s important for Canadians that earn income abroad to […]
Are Students Taxed in the UK? If you’re currently residing in the UK and you happen to be studying at a university or college, you might want to know if students are taxed in the UK. Let’s take a look at whether or not students in the UK are taxed and what exactly this means […]
What’s the Difference Between P45 and P60  When you’re working for an employer in the UK, there are two forms you’ll come in contact with that could be easily confused with each other: your P45 and your P60. If you’re not sure of the difference between these two tax forms, you could be owed […]
Foreign Investment Fund in the United Kingdom Are you looking to broaden your foreign investments? Perhaps extend your portfolios into the UK? If you are then you might want to sit down for this. The fundamentals of investment require individuals to educate and familiarize themselves with laws governing investments as well as the tax implications […]
Canada Workers Benefit The Canadian government has been trying to make work benefits more affordable for workers since the creation of Canada in 1867. In the early 20th century, the government started offering various benefits such as health care, pensions, and maternity leave. In 1945, unemployment insurance was introduced by the Canadian government in order […]
Best UK Banks for U.S. Expats After moving to the UK, the first thing most expats do is open a bank account. There are many good reasons for this, including avoiding difficulties in managing your finances while overseas.  However, choosing the right bank requires knowledge and effort, so we’ve compiled a list of the best […]
Best Countries for Expats If you’re considering moving abroad, whether for work or just for a new start, there are a lot of things that you’ll need to think about for both yourself and your family before taking the leap. Some places are better than others for expats in regard to education, healthcare and employment […]
Tax Reform Act What is the Tax Reform Act? The 1986 Tax Reform Act was a law passed by the US Congress with the goal of simplifying the income tax code. The Act reduced the maximum rate on ordinary income (the top marginal tax bracket income tax rates) and raised the tax on long-term capital […]
What is the Small Business Tax Rate in Canada? Corporation tax is one of the biggest financial factors that determines whether businesses grow, remain stable or ultimately start to lose money. Most business owners in Canada cite the reduction of the corporation tax rate as being the largest win for their businesses. In 1971 there […]
