by Matthew Ledvina | Aug 8, 2020 | Tax, Tax Planning
The taxation system of the US is full of complexity and the laws governing the taxes are somewhat perplexing. In fact, without the aid of a professional, it is quite difficult for individuals to understand the tax obligations that are applicable to different types of...
by Matthew Ledvina | Jul 29, 2020 | Tax
UK families often have family members who reside in the US or are US citizens. The US and UK tax systems are close cousins of each other, and each have their respective complexities. One significant difference is trust planning. In the US, US families will nearly...
by Matthew Ledvina | Jun 26, 2019 | Tax
Proposed legislation being tabled at Westminster regarding financial transparency is being resisted fiercely by leaders of the Channel Islands and the Isle of Man. Senior officials from the Crown dependencies have stated that the legislation is wholly unnecessary and...
by Matthew Ledvina | Jun 22, 2019 | Tax
The total amount of money given to charitable causes by Americans in 2017 was in excess of $410 billion. However, only a very small percentage of this generosity found its way to international charities, at just $22.97 billion or 6% of the total. International giving...
by Matthew Ledvina | Jan 25, 2019 | Art, Tax, Tax Planning
Inheritance tax in the UK is reaching record levels, with an expected £900 million increase expected to be collected by the government over the next five years. If you are unsure what inheritance tax is, you can learn more about this and who must pay it via the PDF...
by Matthew Ledvina | Dec 10, 2018 | Tax
The Foreign Account Tax Compliance Act, also known simply as ‘FATCA’, is a United States law requiring all US citizens both internally and overseas to file reports annually regarding any foreign financial assets and account holdings. The Act was endorsed as part of...
