& FINANCIAL SERVICES
US TAX & FINANCIAL SERVICES
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ustaxfs.com
ACROSS THE WORLD
Company Overview
The US Tax & Financial Services specialist
team of cross border advisors provides tax
advice, guidance, planning and compliance services for individuals, partnerships,
corporations, trusts and estates for anyone
subjected to the US tax system, wherever
they may be in the world. Established more
than 30 years ago, US Tax & Financial has
offices in London, Zurich and Geneva with
clients in more than 32 countries.
Times are changing rapidly with more and more
laws being implemented that affect US persons
living and investing abroad. It’s important to get
accurate advice about how to navigate through,
and stay compliant with the laws, especially as life’s
events occur which affect your tax and investment
planning.
We would welcome
the opportunity to assist you.
US TAX & FINANCIAL SERVICES
◆
ustaxfs.com
ACROSS THE WORLD
US TAX & FINANCIAL SERVICES
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ACROSS THE WORLD
US Individual Tax
The US is the only developing country that taxes on citizenship
rather than residency.
Under the US tax system, US Persons (citizens, green card holders and residents)
are required to file annual US income tax returns, reporting worldwide income and
gains, no matter where they live in the world. A move overseas exposes you to
additional US tax compliance and planning issues.
Even non-Americans may have US filing requirements – people moving to the US to
work, partners of a US partnership, owners of a US property or those doing business
or investing in the United States may need to file returns (and possibly pay tax).
Our in-house team of US attorneys and tax professionals have a great deal of
experience in these issues. We provide practical and specific assistance in all areas
of US tax compliance and planning for individuals.
The individual tax team of US Tax & Financial can assist you
with areas such as:
• Tax return preparation
• Foreign asset disclosure forms
• Advice on foreign tax credits
• Tax implications of investments and capital gains
• Wealth and inheritance planning
• Using Trusts
• Property purchases
• Pension tax planning
• Expatriation tax advice and compliance
• ITIN applications
• State tax advice
• Tax treaty advice
ustaxfs.com
US TAX & FINANCIAL SERVICES
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ACROSS THE WORLD
Under the Foreign Account Tax Compliance Act (FATCA) Foreign Financial
Institutions (FFIs) must report information regarding accounts of US persons to
the IRS. This law requires foreign financial institutions like your local bank, stock
brokers, hedge funds, insurance companies, trusts, etc. – to report directly to the
IRS all their clients who are US persons.
The penalties for the institutions that do not cooperate are steep.
See our dedicated page for more information:
http://ustaxfs.com/compliance
Now is a good opportunity to get up to date
on your US filings with confidence.
In January 2012, the IRS re-opened the offshore voluntary disclosure
program.
The program is similar to the 2011 OVDI initiative with a few key differences.
Details can be found by following the link below:
http://www.irs.gov/uac/2012-Offshore-Voluntary-Disclosure-Program
If you have not complied with your tax and “offshore” filing obligations, you are
legally obliged to bring your filing obligations up to date. There are several optional
programs available to Americans abroad. It is important to find the right one for
your circumstances as each situation is different.
For years we have assisted non-filers in becoming compliant and can advise you
through the options. Please call or email us for a confidential consultation about
your options. Our experience in this area is exceptional.
ustaxfs.com
US TAX & FINANCIAL SERVICES
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ACROSS THE WORLD
US Estate Planning & Trusts
Transfer of our assets to our spouses, children and other loved
ones will almost always have tax implications, especially with US
citizens and residents. This becomes particularly complex with a
multinational family.
US Tax has over 30 years experience in planning, including the use of trusts, life
insurance and advice on wills or divorce settlements which can often reduce the
taxes imposed by the US tax system.
Many jurisdictions allow tax-free transfers between spouses. But in the US this is
not the case if the recipient spouse is not a US citizen. Such transfers can result in
substantial US Estate or Gift Taxes. Transfers to children can also result in Estate
or Gift Tax.
Often the estate plan will include the use of trusts, for example asset protection,
asset management for minors or others unable to manage funds on their own,
both for asset or financial planning as well as tax planning.
The tax treatment of trusts, trustees, settlors and beneficiaries is an extremely
complex area. This is true not only in the US but in most developed countries as
well. For the multinational family this can pose real problems as often these tax
rules do not work in tandem. Weaving a path through this complex area requires
complex and sophisticated planning.
In addition, new FATCA regulations will have an impact of trusts and their reporting
requirements. We offer a full range of US compliance and advisory services for
trusts, including working with trustees all over the world.
ustaxfs.com
US TAX & FINANCIAL SERVICES
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ACROSS THE WORLD
We can assist you with planning of the following:
• Tax efficient structuring of your overall estate
• Integration of US and other countries’ gift tax rules to
minimize the tax burden to your estate
• Effective use of income tax and estate and gift tax treaties
• Annual review of US and other countries’ capital gains tax rules
• Review of wills, divorce settlements and trusts for US tax implications
• Coordinated planning with local country legal and financial teams
including pension and life insurance advisors
• Income tax, trust and estate and gift tax return preparation
ustaxfs.com
US TAX & FINANCIAL SERVICES
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ACROSS THE WORLD
US Corporate Tax
As an integrated firm of tax lawyers and accountants, US Tax &
Financial Services is a strong alternative to the Big 4 in terms of
pricing and experience. With offices in London, Zurich and Geneva,
we are local to the European market. We provide an individualized
proactive service and do not follow any pre-determined positions.
Our core expertise is compliance with combined advisory services.
We can help you with the following:
• Assisting a US business in establishing or expanding international
operations
• Tax efficient acquisition and investment advice for international
businesses wishing to establish or expand US operations
• US Corporate tax compliance services
• US Partnership tax compliance services
• Preparation of US Informational Returns with respect to ownership in
foreign entities - Forms 5471, 8865 and 8858
• Cross border Mergers & Acquisitions services, including assistance
with due diligence
• Cash repatriation optimization
• US withholding tax compliance
• Use of double tax treaties
• Corporate tax compliance for Hedge Funds
• Corporate tax compliance for Private Equity Firms
ustaxfs.com
US TAX & FINANCIAL SERVICES
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ACROSS THE WORLD
UK Individual Tax
We prepare UK tax returns to HMRC for expatriates living in the UK
and anyone else who needs to submit a UK tax return.
We can assist expatriates living in the UK to establish a tax efficient structure of
their compensation packages, assets and investments.
It’s important to coordinate tax planning in accordance with the tax legislation
of the UK or other countries as required. This achieves the most beneficial tax
treatment for individuals living in the UK or moving to work and live abroad. Early
advice and planning can help to significantly reduce overall taxation and avoid
penalties for not filing timely.
We can help you with the following:
• Preparation of UK individual income tax returns for UK residents
and non-residents
• Initial entry and exit interviews to advise individuals on the tax
consequences of their stay in the UK
• HMRC correspondence and enquiries
• UK tax treaty advice with other countries
• Preparation, review and negotiation of employment packages to
provide tax effective compensation
• Liechtenstein Disclosure Facility (LDF)
• UK/Swiss Agreements (Rubik)
ustaxfs.com
Get in touch
Our global headquarters is in London and we have offices in
Zurich and Geneva to serve our clients worldwide.
LONDON
GENEVA
ZURICH
US Tax and Financial
Services Ltd
US Tax and Financial
Services Sàrl
US Tax and Financial
Services Sàrl
MIDDLE EAST, ASIA &
THE AMERICAS
US Tax & Financial Services
GmbH
3 Harbour Exchange
London E14 9GE
United Kingdom
Boulevard Helvétique 36
(entrance rue du Petit-Senn)
CH-1207Geneva
Switzerland
Löwenstrasse 28
PO Box 1367
CH-8021 Zurich
Switzerland
Löwenstrasse 28
PO Box 1367
CH-8021 Zurich
Switzerland
T: +44 (0) 20 7357 8220
F: +44 (0) 20 7357 8225
T: +41 (0) 22 700 25 00
F: +41 (0) 22 700 25 26
T: +41 (0) 44 387 80 70
F: +41 (0) 44 387 80 79
T: +41 (0) 44 387 80 70
F: +41 (0) 44 387 80 79
Individual Tax
Helena Turner
[email protected]
For all enquiries
Sandro Bartolini
[email protected]
For all enquiries
Jason Gyamerah
[email protected]
For all enquiries
Darlene Hart
[email protected]
Corporate Tax
Bradley Albin
[email protected]
Estates and Trusts
Andrew Aldridge
[email protected]
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ustaxfs.com