Hello,
I am in need of some advice!
I am a UK citizen and I have just set up my own Ltd Company in Uk- offering freelance design services. I will begin trading in January and my first major client is my previous employer and have negotiated a great contract.
However, my fiancee lives in US and I am currently in the process of obtaining a K1 Visa to move there and marry her next spring....
Therefore, if my company/office is based in UK and my client will pay me in £'s to my UK Bank account - where do I pay tax? I understand that there is a treaty between UK & US to avoid dual taxation.
If I deregister (P85) from UK next spring - would I pay Personal tax in US and Business/Corporation tax in UK?
Finally, as it will take at least 9 months to receive my Greencard after getting married in April, am I able to keep my business in UK and pay all tax there until I officially receive my Green card and have to move everything over and pay taxes in US?
Ideally, As I have just setup the business, I would like to complete at least a calendar year in UK (2010) before having to close the business in the UK and create an LLC Company in the US and get clients to pay me in $ to a US bank account.
Basically, I need advice on when/where to pay tax and also when would be the most intelligent time to close my business in Uk and pay all taxes up to date and reopen the business in US and start paying everything officially over there....
Any advice would be GREATLY appreciated!!
Also, if anyone could recommend a tax advisor in US who specialises in these international situations, that would be awesome! I will be living in Las Vegas, Nevada.
Thanks in advance and apologies for the length of this post!!!!
This stuff is soooo confusing!!
: )
I am in need of some advice!
I am a UK citizen and I have just set up my own Ltd Company in Uk- offering freelance design services. I will begin trading in January and my first major client is my previous employer and have negotiated a great contract.
However, my fiancee lives in US and I am currently in the process of obtaining a K1 Visa to move there and marry her next spring....
Therefore, if my company/office is based in UK and my client will pay me in £'s to my UK Bank account - where do I pay tax? I understand that there is a treaty between UK & US to avoid dual taxation.
If I deregister (P85) from UK next spring - would I pay Personal tax in US and Business/Corporation tax in UK?
Finally, as it will take at least 9 months to receive my Greencard after getting married in April, am I able to keep my business in UK and pay all tax there until I officially receive my Green card and have to move everything over and pay taxes in US?
Ideally, As I have just setup the business, I would like to complete at least a calendar year in UK (2010) before having to close the business in the UK and create an LLC Company in the US and get clients to pay me in $ to a US bank account.
Basically, I need advice on when/where to pay tax and also when would be the most intelligent time to close my business in Uk and pay all taxes up to date and reopen the business in US and start paying everything officially over there....
Any advice would be GREATLY appreciated!!
Also, if anyone could recommend a tax advisor in US who specialises in these international situations, that would be awesome! I will be living in Las Vegas, Nevada.
Thanks in advance and apologies for the length of this post!!!!
This stuff is soooo confusing!!
: )