US-UK Tax Accountants: Expert Expat Tax Advice

Tax obligations across borders can be challenging, especially for expats. Xerxes Associates LLP, a leading US-UK tax accountant firm, offers specialised expat tax advice in the UK for US citizens, green card holders, and those with dual residency. Our dedicated US tax advisors in the UK help clients address complex tax requirements, minimise tax liabilities, and maintain compliance with both UK and US tax regulations.

Why Choose Xerxes Associates LLP as Your US-UK Tax Advisors?

With an extensive understanding of both US and UK tax codes, Xerxes Associates LLP provides expert guidance tailored to the unique needs of expats. Our UK-US tax advisors ensure that clients maximise available deductions, avoid double taxation, and strategically manage their finances across borders. From handling foreign income exclusions to navigating IRS requirements, we offer a complete range of services to streamline tax filing and planning.

Comprehensive Tax Services for US Expats in the UK

The tax implications for US citizens living abroad can be intricate due to the United States’ citizen-based taxation system. US expats must file US tax returns on worldwide income and report foreign assets and accounts, making professional assistance essential. Xerxes Associates LLP specialises in offering US-UK tax advice that meets these challenges.

Key Services We Offer

1. Expat Tax Advice and Preparation
   Xerxes Associates LLP provides expert assistance with tax return preparation for US citizens and green card holders residing in the UK. Our team ensures compliance with IRS and HMRC regulations, covering all required forms, schedules, and calculations.
2. Foreign Earned Income Exclusion (FEIE)
   For expats earning income in the UK, the Foreign Earned Income Exclusion allows you to exclude a portion of foreign-earned income from US taxation. Our tax advisors help you determine eligibility and maximise this benefit, reducing taxable income and avoiding double taxation.
3. Foreign Tax Credit
   To prevent double taxation, the US provides a Foreign Tax Credit for taxes paid to other countries. We help expats calculate and apply this credit, optimising tax benefits under the US-UK tax treaty and ensuring compliance with US tax laws.
4. FATCA and FBAR Compliance
   US citizens with foreign bank accounts and financial assets must comply with FATCA (Foreign Account Tax Compliance Act) and file the FBAR (Foreign Bank Account Report). Our US tax advisors in the UK guide clients through FATCA and FBAR filings, ensuring accurate reporting and avoiding potential penalties.
5. Tax Planning for Foreign Investments
   If you hold investments outside the US, such as property or stocks, you may be subject to additional reporting and tax obligations. We help clients manage these assets strategically to optimise tax outcomes while adhering to cross-border tax regulations.
6. Streamlined Filing Compliance Procedures
   For expats who may have missed previous filings, Xerxes Associates LLP offers assistance with the IRS’s Streamlined Filing Compliance Procedures, allowing clients to catch up on filings and avoid penalties.

Benefits of Professional Expat Tax Advice in the UK

Expat tax advice in the UK is crucial for understanding the tax obligations associated with both US and UK tax systems. Our expert advisors provide personalised guidance to:

• Avoid Double Taxation: We leverage the US-UK tax treaty, foreign tax credits, and exclusions to minimise or eliminate double taxation.
• Maximise Tax Savings: Xerxes Associates LLP’s tax advisors provide guidance on deductions, credits, and exclusions available to expats, ensuring clients benefit from every tax advantage.
• Ensure Compliance with IRS and HMRC: Our team understands the intricacies of both the US and UK tax systems, ensuring full compliance with all filing requirements.
• Optimise Financial Planning: We offer tailored tax planning strategies that help US expats manage their finances in the UK efficiently, from investments to pension planning.

Xerxes Associates LLP: Supporting US Expats Across Multiple Tax Situations

1. US Expats with UK Employment or Business Income

For US citizens employed or running a business in the UK, US-UK tax advisors at Xerxes Associates LLP help manage both tax obligations, optimising the use of tax credits and exclusions to avoid double taxation.

2. Dual Citizens or Green Card Holders in the UK

Dual citizens and green card holders face specific reporting requirements on their worldwide income. Our team ensures that clients fulfil these obligations efficiently, without paying more than necessary in taxes to either country.

3. US Citizens with Foreign Assets and Investments

If you have foreign bank accounts, stocks, or property, FATCA and FBAR requirements apply. Xerxes Associates LLP provides guidance on reporting these assets and optimising the tax position for foreign investments.

4. UK Residents with US Rental Property

Expats holding US rental property must comply with US tax regulations on rental income. Our advisors provide support on reporting, deductions, and managing cross-border tax obligations efficiently.

Specialised Support from Experienced UK-US Tax Advisors

Whether you are an expat navigating complex tax requirements for the first time or a long-term resident in need of tax planning, Xerxes Associates LLP is equipped to provide customised solutions. Our team of US tax advisors in the UK includes certified experts with deep knowledge of international taxation, offering support tailored to each client’s financial and personal circumstances.

How We Make a Difference

• Tailored Tax Strategies: Each client receives personalised tax advice aligned with their income sources, investments, and unique tax needs.
• Clear and Accessible Guidance: We make complex tax topics understandable, ensuring clients fully understand their tax obligations and the strategies we implement.
• Proactive Tax Planning: Our advisors offer forward-thinking tax planning strategies to help clients achieve financial efficiency and peace of mind.
• Comprehensive Compliance Support: From filing tax returns to handling FATCA and FBAR requirements, we manage every aspect of compliance, protecting our clients from potential penalties.

Contact Xerxes Associates LLP for Expert US-UK Expat Tax Advice

Xerxes Associates LLP’s US/UK tax accountants are here to simplify the tax filing process and help US expats make the most of available tax benefits. Our expertise in both US and UK tax systems means we can provide the trusted guidance you need, ensuring compliance and maximising financial outcomes.

For detailed, personalised support, visit our website at xerxesllp.com to schedule a consultation with our team of experienced UK-US tax advisors. Let Xerxes Associates LLP handle the complexities of US expat tax compliance so you can focus on making the most of your life in the UK.