Hello,
My wife and I will be moving to the UK in March and have a tricky question regarding taxes, LLC, and working in the UK. First off, my job will be the one that will get us over there on a tier 2 visa and will be valid for 3 years. My wife will be coming over with me and has a unique opportunity to contract with her current company that's based in the US.
We're considering registering an LLC so that she can begin to reap the benefits of being a small business owner. All of the finances would go through US financial institutions and would not touch UK financial institutions other than occasionally transferring money from our joint bank acct. Few questions:
1.) Do we need to report her income to the UK?
1b.) How do we stay compliant with UK tax law?
2.) Is there anyone (or organization) we can speak to that could provide a few answers for us?
3.) Does it matter which state we register the LLC? My parents live in Florida and it might be more advantageous to register there financially. (This might be more of a r/personalfinance question)
My wife and I will be moving to the UK in March and have a tricky question regarding taxes, LLC, and working in the UK. First off, my job will be the one that will get us over there on a tier 2 visa and will be valid for 3 years. My wife will be coming over with me and has a unique opportunity to contract with her current company that's based in the US.
We're considering registering an LLC so that she can begin to reap the benefits of being a small business owner. All of the finances would go through US financial institutions and would not touch UK financial institutions other than occasionally transferring money from our joint bank acct. Few questions:
1.) Do we need to report her income to the UK?
1b.) How do we stay compliant with UK tax law?
2.) Is there anyone (or organization) we can speak to that could provide a few answers for us?
3.) Does it matter which state we register the LLC? My parents live in Florida and it might be more advantageous to register there financially. (This might be more of a r/personalfinance question)