Hello!
I am a green card holder moving in the US in the next few days. I am working in London for a UK Company and they offered to retain my services as a contractor and work remotely from New York for a few months. I only have a few days to decide what my options are and I need to understand the tax implications of this opportunity.
If anyone has been in this situation before I would appreciate your opinion on a few questions:
- Although I will no longer be a UK resident when working in the US, can I set up an umbrella or limited company in the UK and use it to invoice my UK client?
- I understand that I have to pay taxes in the US as I will be a US resident doing work in the US. Can I avoid paying tax in the UK and only pay tax in the US if I set up a UK Limited Company?
- The other option seems to set up a business in the US. I am hoping to avoid this as it seems to be the most painful in terms of paperwork but if I have to go down that route, do you know where I should start and how long it takes?
Thanks in advance
Sophie
I am a green card holder moving in the US in the next few days. I am working in London for a UK Company and they offered to retain my services as a contractor and work remotely from New York for a few months. I only have a few days to decide what my options are and I need to understand the tax implications of this opportunity.
If anyone has been in this situation before I would appreciate your opinion on a few questions:
- Although I will no longer be a UK resident when working in the US, can I set up an umbrella or limited company in the UK and use it to invoice my UK client?
- I understand that I have to pay taxes in the US as I will be a US resident doing work in the US. Can I avoid paying tax in the UK and only pay tax in the US if I set up a UK Limited Company?
- The other option seems to set up a business in the US. I am hoping to avoid this as it seems to be the most painful in terms of paperwork but if I have to go down that route, do you know where I should start and how long it takes?
Thanks in advance
Sophie