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Topic: accountant?  (Read 601 times)

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accountant?
« on: March 27, 2008, 01:26:07 AM »
Hi,

It sounds like the tax issue is nightmare.  Has anyone used an accountant? I would like to consult someone BEFORE I go to the UK.  I'm moving with my husband in July 2008.

Theresa
Brooklyn, NY
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Re: accountant?
« Reply #1 on: March 31, 2008, 08:33:45 PM »
Getting the advice before you move is very wise.  Tax accountants can save you much more money before you act than they can after.
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Liz Z i t z o w, EA
British American Tax

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Re: accountant?
« Reply #2 on: April 01, 2008, 03:07:22 AM »
I have an accountant who handles my US taxes. She was unfamiliar with the whole foreign income stuff but she was a quick study and handled it all. I was glad I didn't have to make sense of it all. 
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Re: accountant?
« Reply #3 on: April 01, 2008, 06:14:51 PM »
You'll need to know the UK elements - there are big tax breaks for a short term stay in the UK of less than three years - but you have to meet very specific circumstances to get the break.  Often, minor changes to your employment contract are sufficient to get you the tax break.  A US-only accountant will not be aware of these breaks and not be able to assist you in planning for them.  If you opt for a US-only accountant, also seek advice from a UK-based accountant specializing in nondomiciled taxation.

Cheers,
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Liz Z i t z o w, EA
British American Tax

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