Back in 2019, when the UK’s separation from the EU was a virtual certainty approaching implementation, we took a look at Brexit’s impact on the economy, including how it might alter the relationships between currency values. At that time, the GBP was still coming off of a low that had resulted from the certification of the… Read More

The global pandemic has affected people all over the world physically, emotionally, and economically. It has caused global economies to crumble and businesses to shut their doors forever. The resulting impact of this domino effect is that the average American family who was once financially stable, is now struggling to pay their mortgages and keep… Read More

In today’s post pandemic economy, taxpayers can use all the help they can get. The weakened economy and consumer unsurety have led to many workers filing for tax extensions this tax season. In fact, there has been so many tax extension requests already this year that the Internal Revenue Service has decided to delay the… Read More

Understanding director’s loans is an important factor in today’s business world. What is a director’s loan and how does it affect your tax obligation? A director’s loan constitutes of any money that the director takes out from a company, which is not used to pay out operational expenses, dividends, or salaries. A director’s loan account… Read More

What Is The US Foreign Trust Tax? A foreign trust is a tax structure that allows the transfer of property from grantor (property owner) to another party called the trustee. The trustee is tasked to administer the property that will benefit a third party called the beneficiary. Under US law, any trust that is organized… Read More

The UK’s new Job Support Scheme (JSS) will commence 1 November 2020, and last for a six-month period, or when the present furlough scheme ends. What does this mean to you as a foreign business owner and how does it affect your employees? The experienced tax specialists at British American Tax are here to answer… Read More

There have been many questions regarding the Self-Employed Income Support Scheme. What it is and who qualifies for it are the two most popular. Keeping that in mind, the tax experts from British American Tax are here to answer these and any other tax-related questions you might have. Self-Employed Income Support Scheme Extension    … Read More