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, …
FATCA is just the starter; supersized reporting is on its way! Read More »
According to HMRC, the number of trust returns submitted for the 2012/13 tax year was 160,500. This is compared with the 201,000 that were submitted in the 2007/08 tax year. Is this a sign that the number of trusts are declining? What is the future for trusts? As many practitioners will know, the number of returns …
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 …
A few years ago thewealthworks traded in the traditional Christmas card offering in favour of a charitable donation and this year is no exception. A nomination was made for Chailey Heritage School and the office unanimously agreed to make them this year’s charity. We are delighted to be able to offer them a donation to …
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 …
PRESS RELEASE A highly experienced and respected trust manager from the law firm Wrigleys, has joined our team as UK Products Manager. Jane Symonds was Trust Manager at Leeds based Wrigleys for 12 years where she provided a full service to trustees, including preparation of annual trust accounts and trust tax returns, as well as personal …
Leading trusts practitioner joins thewealthworks Read More »