Accounting & Tax
Many people find it difficult, time-consuming and worrying trying to stay on top of their tax affairs. If you are based in multiple countries around the globe or are planning to relocate abroad in future, foreign tax legislation can provide additional complications.
Different tax laws in other countries can create challenges when it comes to adhering to laws, rules and regulations. This is why it’s essential you ask for professional advice from a company like bdhSterling when completing or filing any tax-related documents.
What’s involved in global tax management?
Finding out where you are considered to be a tax resident and where tax is payable on your assets or income are the first steps in efficient international tax management.
Generally, the type of assets you own (such as a business, property or investments) or any source of income (such as employment, rental or pension funds) must be factored in to any tax returns you produce. In addition, there are different types of tax you could be assessed for, including income, capital gains, corporation or inheritance tax.
The procedures for managing accounting and tax when dealing with other countries are complicated and can be difficult to understand. We recommend asking for professional advice from qualified advisers at bdhSterling to make sure you are clear about your liabilities and are following the various rules and regulations.
To find out more about the tax and accounting issues you may face either in the UK or overseas, contact bdhSterling at email@example.com and speak to one of our tax experts today.