FATCA

Compliance is the biggest challenge for private client practitioners

FATCA, Knowledge Hub, Trusts / October 21, 2016

Accurate record keeping and complying with the burgeoning regulations associated with Automatic Exchange of Information (AEOI) on tax are the biggest challenges faced by private client practitioners going forward according to Gill Steel of LawSkills Ltd, an acknowledged authority in the areas of Probate, Trusts and Tax. Speaking to an audience comprising Trust and Estate practitioners …

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Great response to thewealthworks’ trust seminar

FATCA, Knowledge Hub, Trusts / May 18, 2016

In the wake of the ‘Panama Papers’ disclosures, thewealthworks had a fantastic response to a seminar designed to bring UK trust practitioners up to date with the latest reporting requirements. The fully booked event, which was held at the Grand Connaught Rooms in central London, was hosted by wealth management software developer thewealthworks and led …

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FATCA is just the starter; supersized reporting is on its way!

FATCA, Knowledge Hub / March 26, 2015

It seems like the news recently for anyone in the financial industry has been full of FATCA. How will FATCA affect your business? Will you be FATCA compliant? Do you understand the risks? Despite some resistance most companies are now getting ready to swallow the inevitability of FATCA. Well, just as trust and estate practitioners, …

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Taxing New Year resolutions

FATCA, Knowledge Hub, Trusts / January 28, 2015

Happy New Year! When are you supposed to stop saying that I wonder? Anyway the excesses of Christmas are over and somehow January can feel like an anti-climax. Our offices are open between Christmas and New Year and I love it. The phones are quiet and you get things done you normally never get round …

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FATCA – a new element for Troika

FATCA, Knowledge Hub / November 9, 2014

Leading private client software developers, thewealthworks, has become the first supplier to introduce a new element to assist financial institutions with their obligations under the US Foreign Account Tax Compliance Act (FATCA). FATCA was enacted in 2010 by Congress to target non-compliance by U.S. taxpayers using foreign accounts. It requires foreign financial institutions to report to …

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