Xerxes Associates LLP provides US expats living in the United Kingdom with a range of tax filing services to meet your specific needs. Whether it’s preparing your US tax return or advising you on UK tax implications, our London based team of dedicated tax experts understand the complexities of expat tax.

Citizens and permanent residents of the United States must file U.S. tax returns every year to report their worldwide income (over certain threshold amounts), whether or not they owe U.S. taxes.

Whether or not you spent time in the U.S. or received income from the U.S., you must still file your US tax return. Regardless of whether you earned all of your income in the UK or any other country, and paid taxes to HMRC (UK tax authority), you are still required to file a U.S. tax return.

Taking advantage of the various exclusions and credits you can claim is key to reducing your U.S. federal tax liability – and this is where Xerxes Associates LLP can help! We provide the following tax advisory services;

● US Federal And State Income Tax Returns
● UK Self Assessment Tax
● Expatriation Services
● Personal Tax Planning And Advice
● FBAR And ITIN Assistance
● Consultations
● Streamlined Filing Package
● CFC’s, Form 5471 And Gilti
● & More

U.S. clients living in the UK have been helped by our team of expat tax professionals to efficiently and effectively manage their tax responsibilities.

Xerxes Associates LLP work closely with US and UK expats from all different backgrounds, circumstances and occupations as well as high-net worth individuals in order to help them through the complexities of US and UK tax compliance requirements (tax imposed on expatriates). If you have a query or would like a friendly no obligation chat about your requirements then please get in touch and we shall be happy to assist you.

As an expat living in the UK, you might be concerned that you have not filed your US taxes. The following reasons may encourage you to make tax compliance a priority.

– You must file US taxes even when earning income overseas.
– If you owe US taxes, it could cause problems for your passport renewal.
– The US Government has been unpredictable lately, particularly in matters of immigration, which adds to the uncertainty.

It is a common mistake for U.S. citizens living abroad including London to forget to file their taxes. Since the passing of the FAST Act in 2015, many US expats living in London and elsewhere have ongoing concerns about looming tax issues and the possibility of having their passport renewal compromised.

Xerxes Associates LLP has over 10 years of valuable experience in helping U.S. citizens living in the United Kingdom to get back into compliance with the IRS (and HMRC). To resolve your back tax issues, here are a few steps you can take.

– To establish compliance, note when you last filed your tax and determine the years you need to file to satisfy the “system. Six years is considered compliant.
– Check to see if you qualify for the Foreign Earned Income Exemption (FEIE) and Foreign Tax Credit (FTC).
– You may have to pay social security taxes if you are a self-employed employee working in the United Kingdom unless you are enrolled with HMRC in the UK and therefore could be exempt from paying the U.S. Social Security taxes.
– You must report any foreign bank account money held in excess of $10k with a Foreign Bank Account Report (FBAR).

Are you concerned about large amounts of owed taxes?

The good news is that livable payment agreements can be reached or settlements should be available to you.

Xerxes Associates LLP are expert and specialist US & UK tax advisers based in London with over 10 years of valuable experience. As US and UK tax accountants, we offer a professional, responsive and personalised service to all US and UK expats.

Take Advantage of our free introductory phone consultation – call us today and speak with a tax professional on the phone to discuss your situation before having us work on your case.

Xerxes Associates LLP work closely with US and UK expats from all different backgrounds, circumstances and occupations as well as high-net worth individuals in order to help them through the complexities of US and UK tax compliance requirements (tax imposed on expatriates). If you have a query or would like a friendly no obligation chat about your requirements then please get in touch and we shall be happy to assist you.