Also in the news...
Paul Beare Wins IR Global Member Of The Year
Paul Beare has been named Member of the Year at this year’s IR Global Conference in Amsterdam.
The Biggest Problem With Running A UK Payroll
We explore the biggest problem with running a UK payroll, together with the required functions of payroll calculations and net salary.
Taking It For Granted: How The UK Government Helps Growing Firms
In the UK, a number of government agencies offer a range of grants to help smaller firms to grow and prosper. The grants are typically designed to support innovation, encourage job creation, and underpin growth. In the last few years, a number of new initiatives have emerged, including grants aimed at boosting green technology and digital transformation.
Start-ups Wasting Over 2 Weeks And £37 Billion A Year On Admin
UK start-ups and microbusinesses are wasting over two working weeks every year on admin tasks, including managing mobile phone contracts, choosing energy providers, and buying insurance – according to new research.
The Costs For International Businesses Employing In The UK
In an ever-globalising business landscape, expanding operations to the United Kingdom can be a strategic move for international companies seeking new opportunities.
US Expats: IRS announces expiration of unused ITINs
From 2016, US Individual Taxpayer Identification Numbers (ITINs) will expire if they are not used on a federal income tax return for five consecutive years.
The new policy is designed to ensure that anyone legitimately using an ITIN for tax purposes can continue to do so; however, inactive ITINs will expire regardless of when they were issued.
I have filed | I have not filed |
Any ITIN will remain in effect as long as you continue to file US tax returns (this includes anyone issued an ITIN after January 1, 2013). You will no longer face mandatory expiration of your ITIN and you will not need to reapply in 2018. | The IRS will begin deactivating unused ITINs in 2016, which should provide enough time to file a valid return. Once an ITIN has expired, individuals will need to complete and file a Form W-7. |
If you are a US expatriate based outside of the US, F&L’s Expatriate Tax Team are here to assist you with all the US and UK tax advice and compliance services that you require