Insights

Many foreign corporations assume that if little or no US tax is due, no US tax return is required. However, that assumption can be costly. Form 1120-F (US Income Tax Return of a Foreign Corporation) filing obligation can arise even where no US tax is ultimately payable. Failing to identify a…

Today we’re proud to share our refreshed brand and new website, designed to reflect our growth ambitions and focus on delivering clearer, more connected advice to our clients. The update represents the most significant change we’ve made in years, and comes as clients face increasing complexity…

For more than a century, Buzzacott has believed that good advice should make life simpler. From the start, we’ve built relationships on trust, understanding, and independent thinking — helping people make better decisions and move forward with purpose. As the firm has grown, so have the needs of…

If you are a Non-Resident Alien (NRA) for US tax purposes, you should be aware of the tax implications of investing in the US. Here’s an overview of the potential tax consequences. For these purposes, a NRA is an individual who is not a US citizen, green card holder, or US resident under the…

If you're a US citizen, resident or and Green Card Holder (AKA a US person) and are the settlor or a beneficiary of a non-US trust, there are US tax and compliance issues that you need to be aware of. Our latest Stepping Stone focuses on the tax issues that US beneficiaries face. The popularity of…

Here’s what you need to know about the Automatic Exchange of Information (AEOI) if you’re responsible for a Hong Kong financial institution, or if you’re an account holder or beneficial owner of a Hong Kong financial institution. What is Automatic Exchange of Information (AEOI)? AEOI is the…

What happens if you die with US assets in your estate as a non-American? It may feel intimidating as a UK executor if you are administering an estate containing US assets. In this article we highlight the US Estate Tax exposure and administrative forms required in this situation. US Estate Tax for…

It can be difficult to stay on top of the key tax rates and allowances while managing daily life, but there are some important dates that you may need to be aware of. Download our 2025 guide for the latest tax rates and a timeline of the upcoming filing and payment deadlines. Our 2025 US tax rates…

So, you’ve just landed in Hong Kong, or maybe you are just about to move over. You probably have a million things on your mind right now – where to start? Making sure you are taxed efficiently. Whether you’re here permanently or just for the foreseeable future, change of this magnitude can be…

This article highlights what US reportable entities or foreign reportable entities doing business in the US, and their beneficial owners, need to know about the Corporate Transparency Act (CTA) rules, which are effective from 1 January 2024. There has been a global trend over a number of years for…