Global Tax Talk

Global Tax Talk

  • Man on desktop computer

    LLC Treated as C Corporation Without a Check the Box Election…?!

    As of January 1 2017 there were new rules in place for foreign owners of US LLCs that were treated as disregarded entities (DREs) for US tax purposes. What I want to do is highlight where this may occur in peoples situations and structures and why it is important to comply (HINT: $10,000 penalty for non-compliance).

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  • Global business

    CLA UK Tour  — Leg 1 in Manchester, January 16

    I hope you all enjoyed the Christmas holiday and new year break and all of us in the accounting and tax profession got the greatest present yet (?!) when the Tax Cuts and Jobs Act was finally signed by President Trump on December 22, 2017. Now the time and work starts in earnest to digest, analyse, and help our clients in what it means for them and what it is we can do for them to add value and opportunities.

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  • Glass globe

    Tax Reform: Businesses (Outbound) — Part 2

    As I write this next article, the House has just approved the tax bill and it now heads to the Senate where many negotiations and changes are likely to befall the act as written. However, not as much or as extensive as the press on the left will have you believe nor as little as those on the right will state; but there will be changes. 

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  • Growth

    Trump’s Tax Reforms and Their Impact on Foreign Taxation

    So, a couple of weeks ago President Trump and the GOP released their long awaited tax reform plans. I want to look at are the points that relate to foreign issues and specifically the changes that are likely to affect an international business operating in the USA; a core part of our client base.

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  • Are The Brits Still Coming…?!

    Despite all of the political backbiting and copious amounts of copy and coverage that Trump has garnered, I have still seen a great appetite for UK businesses that are able to see through all this bluster and concentrate on what matters most to them.

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  • Big Ben clock

    Nexia Day 2017

    Nexia is celebrating our connections by officially declaring September 13, 2017, “Nexia Day.”

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  • ITIN, SSN, EIN: What Are They, Why Are They Important, and Do I Need One?

    My colleagues Dave Springsteen and Mike Smith have been talking about new rules published by the IRS with regards to ITIN applications and renewals. It raised for me the issue that many of my overseas (from a US perspective) clients have when they first encounter the US system; mainly do I need a tax ID? If so, what tax ID do I need? And why do I need one anyway?

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  • people looking at paperwork around flags

    What Do International Investors in the US Really Want to Know About the US Tax System?

    Having got back from my travels from Europe I headed straight to D.C. (National Harbour, MD to be precise) for the Select USA investment summit this past weekend.

    I was delighted to be asked to be part of a panel alongside new friends Willie Hornberger and Carol Salaiz discussing the US taxation of individuals investing in and moving to the US. As part of the session we discussed the general considerations around the US tax system and in particular the reporting requirements associated with those individuals that move to the US.

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  • Flags

    Understanding and Embracing Cultural Differences in Expanding Overseas

    his week has been full of travel, deadlines, meeting with clients, both new and current, as well as being fortunate to meet with colleagues I’ve worked alongside for many years in London.

    Among the many meetings was one that revolved around the difference in culture between the UK and US, and how that impacts a businesses decisions and therefore success when a UK business enters the US. It’s an area that comes up frequently and can be discussed at length by the owners of businesses before entering new markets.

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  • Glass globe

    Sportspersons and Entertainers – Part I

    Just over a week ago I had the privilege to spend a few days with the many colleagues we work alongside in our Nexia network at the international tax conference in Cologne.

    As part of the conference I was asked to put together some case studies and work alongside my colleagues Julian Hedley, Pablo Gomez-Acebo and Chris Leenders with regards to the international tax consequences that are unique to sportspersons and entertainers. Given that much of the work was already done I thought it worthwhile to put together some of what we went over starting with the basics and looking to elaborate on these items later down the line.

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  • Putting paper in a box

    Welcome to CLA’s Global Tax Blog

    Welcome to one and all; although mainly to my mum and dad and their friends and family who have been led to believe I’m now a published author.

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