International tax accountant
Balancing your books – even if you’re abroad
Whether you’re looking to work in or outside the UK, you should consider hiring an international tax accountant – especially if you’re not a resident of the country.
You’ll have specific rules to follow and obligations to meet, and you definitely don’t want to pay more than you should. So having someone with extensive knowledge of international tax laws is a must.
In some cases, you could be taxed by both the UK and the country you’re in, so we’ll be on hand to help you avoid the pitfalls of any double taxation situations.
International tax for individuals
One of the first things we’ll do is help you understand your UK statutory residence and how it may affect your tax status. If you’re not UK-domiciled, we’ll guide you on options like the remittance basis to help you potentially minimise your liabilities.
Not only that, but we can explain how different income streams will be taxed when moving abroad – pensions and rental incomes on buy-to-let properties, just to name two.
If you are a UK resident or UK domiciled, this will impact your income tax payments, capital gains tax and inheritance tax. Our international tax accountants will explain your position and any reliefs you can take advantage of.
International tax for businesses
Moving abroad or to the UK as an individual has its tax challenges, but for businesses, there’s another level of compliance to deal with.
You’ll have to ensure you’re registered for all the relevant taxes, no matter which country you’re setting up in. These could include:
- corporation tax
- income tax
- capital gains tax.
Not only will you need to consider taxes, but you also need to think about your business’s payroll and bookkeeping. Thankfully, our services cover everything from the ground up.
No matter the situation, we can help you with the transitional process of moving to or from the country. We can also provide the following:
- statutory accounts preparation
- expat advisory and compliance
- company formation and company secretarial
- local director duties
- tax advisory services.
Don’t let an exciting step in your life become a hassle – we’re here whenever you need us.
It’s essential to understand your tax position in any country you decide to trade in, so with this in mind, an accountant can be your best friend.
We’re in the business of relationships, not just in our country but across the globe. So, if we can impart some of our business insight and wisdom, we will.
Let’s talk today
Our tax experts will be happy to have an exploratory conversation, free of charge, so that you can discover for yourself what make Coveney Nicholls the intelligent choice for businesses and individuals in need of tax advice.