Filing Taxes as a British Expat in America: Why Professional Advice Matters | From The Trenches with James Boyle

The consequences of filing your tax return incorrectly, even accidentally, far outweighs the immediate cost you’ll spend on professional advice. Cross-border finances can be confusing; you may be tempted to DIY your tax return, but you’re always better off speaking to a tax advisor.

Host Richard Taylor – dual U.K./U.S. citizen and Chartered Financial Planner – is joined by James Boyle – Lead Financial Planner at Plan First Wealth – to tackle the subject of tax compliance for expatriates. They discuss the complexities that expatriates face, particularly when it comes to cross-border financial planning and seeking specialised expat tax advice. In this episode of From The Trenches, Richard and James explore:

• The risks of non-specialized tax advice
• The U.K. Deputy Prime Minister Angela Rayner’s recent tax issues – what do they tell us about the importance of getting the right advice?
• The importance of proactive planning
• The emotional and financial impacts of non-compliance

More about We’re The Brits In America:

With the right financial advice, landmines that threaten expat wealth can be avoided. Often encountered by U.S.-connected expats, these financial landmines are more numerous, more hazardous, and less understood than almost anywhere else in the world. As a result, non-cross border professionals, wealth advisors, and even international advisors are often unaware of them. But don’t worry, We’re The Brits In America has you covered.

We’re The Brits In America is dedicated to helping ambitious U.S.-connected expats and immigrants navigate those challenges — and thrive. Whether you’ve moved to the U.S. for opportunity, or are an American seeking adventure and growth abroad, our job is to equip you with the tools and insights you need to succeed.

If you’re enjoying the show, please consider leaving a 5 star rating and review to help the mission, which is to help expats and immigrants thrive in America. Visit planfirstwealth.com to learn more about our services and connect with Richard Taylor on LinkedIn.

We’re the Brits in America is affiliated with Plan First Wealth LLC, an SEC-registered investment advisor. The views and opinions expressed in this program are those of the speakers and do not necessarily reflect the views or positions of Plan First Wealth.

Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Plan First Wealth does not provide any tax and/or legal advice and strongly recommends that listeners seek their own advice in these areas.

About Richard

Richard Taylor is a British expat, dual citizen (UK & US). Originally from Bolton, he now lives in Greenwich, CT, where Plan First Wealth has its head office.

As the firm’s leader, Richard launched Taylor & Taylor, now Plan First Wealth, and continues to fuel the firm’s growth. Richard is a Chartered Financial Planner (UK – CII) in addition to holding the IMC (CFA UK) and Series 65 (US – FINRA).

Connect with Richard on LinkedIn

TRANSCRIPT:

Richard Taylor, Founder of Plan First Wealth:
[00:00:18 – 00:01:30]
Welcome to the we’re the Brits in America podcast, a Planned First World podcast dedicated to helping ambitious expatriates and first generation immigrants throughout the Thrive in America. I’m your host, Richard Taylor, and Plan first wealth is the business I founded and run today. And we work with successful American and international families living across the US Helping them to make the most of their opportunity living and working in America. But first, a quick disclaimer. While Plan First Wealth LLC is an SEC registered Investment Advisor, the views and opinions expressed in this program are those of the speakers and do not necessarily reflect the views or positions of Plan First Wealth. Information presented is for educational purposes only. Now, if you aren’t already receiving our regular emails, please go to our website, planfirstwealth.com and sign up there. It’s free and you’ll then be notified every time we drop a new episode. And so much more. Okay, let’s get back to this week’s show. Welcome back, everybody, to another episode of from the Trenches, where myself and my colleague James Boyle, lift back the curtain. Bring you behind the scenes at Plan first wealth as we work with our clients and we build this business serving British expatriates living across America, helping them make the most of their opportunity.

James Boyle:
[00:01:31 – 00:01:31]
Absolutely.

Richard Taylor, Founder of Plan First Wealth:
[00:01:31 – 00:01:49]
I did a podcast yesterday, James, for someone else. So I did more of the talking for change. Although listeners to this podcast might think I do plenty of talking, it was interesting. I was talking about what we do a lot more than asking other people what they do and what my insights and experience were. And it felt good. It felt really good.

James Boyle:
[00:01:49 – 00:01:52]
I was gonna say, how did it feel out of the shoe, on the other foot there?

Richard Taylor, Founder of Plan First Wealth:
[00:01:52 – 00:02:07]
It’s a totally different experience. It’s much easier being a host, frankly. I mean, logistically, it’s hard to be a host because you have to organize it and get people in and plan it. Although I was kind of shamed by the amount of planning that Aiden does. But you feel much more vulnerable.

James Boyle:
[00:02:09 – 00:02:11]
You put on the spot. Right. The spotlight. Yeah.

Richard Taylor, Founder of Plan First Wealth:
[00:02:11 – 00:02:52]
At that stage, you do much more talking. You’re much more wary of saying something that you later regret. Although obviously none of it’s live, so it can be undone. But it’s a very different experience. But also, you know, we all love the sound of our own voice. And do we and it was, and it was nice. It was nice to get to talk about what we do, why we do it, who we do it for and why we think that’s so important and why we’ve designed what we’ve designed for Britain, America, and how we think that helps them make the most opportunity and taking advantage of the opportunities, avoiding the landmines year after year for decades. You know, all the good stuff you hear me whittle on about, add it, add infinitum, if I did, to be out there flying the flag, as it were.

James Boyle:
[00:02:52 – 00:03:04]
There’s always valuable perspective, right. When we’re hearing, when we’re almost teaching what we do to an audience that has a different lens, right. Is coming at it from a different approach. So I’m sure, hopefully the listeners get some value out of hearing.

Richard Taylor, Founder of Plan First Wealth:
[00:03:04 – 00:03:53]
This podcast goes out mainly to people in the uk and it was interesting because as a result of our podcast we are getting. Historically, people have reached out to us who have been here for 5, 10, 15, 20 years. And that will always remain our main source, I believe, of business clients. But because of the podcast, we’re having more and more people reach out to us who are on the cusp of leaving. And that’s fantastic because half the issues we go on and on and on about can be preempted when people do pre planning. So I’m actually quite excited because if this podcast is. Has a mainly UK audience, maybe that will serve to boost that. And I’d always rather. Look, if there are issues in someone’s affairs, it’s always better that we discover them and help a client come in to compliance proactively rather than the IRS later finding out and then the good options are off the table. But if we can avoid all of those issues by getting this on before you even get here. Awesome, right?

James Boyle:
[00:03:53 – 00:04:12]
It is exciting to be active now in that space too, because I think for so long it was almost impossible to find this information or, or at least really, really difficult. And part of our remit with this show is to try to get the information out there and to your point, as early as possible. Right. Ideally before the move is even completed.

Richard Taylor, Founder of Plan First Wealth:
[00:04:12 – 00:05:03]
Right. So we are committed to keeping this episode under 30 minutes, folks. So I’m going to move swiftly on. We are going to SPE talking about what I spent a lot of yesterday talking about, which is tax. And we are going to start by positioning this conversation in light of what I’m sure everyone or most people are aware has happened in the UK recently, which is the Deputy Prime Minister Angela Rayner was forced to step down from her job, from her role in the government and is quite possibly quite likely, according to one commentator, facing tax penalties as a result of a tax problem. And we think there are some really, really insightful, valuable lessons here because there are massive parallels with what we do on a day to day basis and the conversations we have with our prospects and clients.

James Boyle:
[00:05:04 – 00:05:20]
Enormous, enormous analogies here. Can I just say, as the, as the itinerant American in the room, it’s somewhat of a breath of fresh air to hear penalties levied by HMRC as opposed to the irs. You know, the IRS gets a lot of the attention, but the shoes on the other foot this time.

Richard Taylor, Founder of Plan First Wealth:
[00:05:20 – 00:08:42]
So yeah, I agree. And not £100 for a late, Yes, a late tax return, which whenever I see people going, losing their mind about that on LinkedIn in the UK, I’m like, Guys, you don’t know you’re born. You don’t know you’re born. But anyway, shall I give a bit of a background for those who don’t know on what happened? So Angela Rainer, Deputy Prime Minister, she bought a property in Brighton and Hove and it was £800,000 property and she paid stamp duty, which is an initiative she pay on the purchase of a property and it’s quite substantial. She paid stamp duty as if that was her one and only property. Okay. And in the UK too I think, and if I’m wrong on any of this stuff it’s because I’ve been out of the UK for, for 10 years plus. But I think in the UK now they have significantly higher levels of stamp duty for second and third homes etc because they want more people to own, you know, their one home rather than just people hoarding homes. So it’s substantially more for your second home. So you know, naturally she didn’t want to pay this and really it was her only home. Now there is obviously a complicating factor here in that she has a special needs child, I believe. I think there’s some sort of accident in hospital. There was some compensation. A trust was set up for this kid. A trust, I think compensation went into it or something like this. As part of a divorce, she’s hold a share of her old family home into this trust where her child still lives. Right. So she no longer owns a share of this home, but it’s in trust for her child who’s under 18. Now it turns out through a lot of nuance that essentially because the child’s a minor, she’s counted as owning that share. Therefore Even though it really wasn’t a second home effectively is counted as a second home. This hove purchase. And she should have paid the higher rate of stamp duty. And, and we’re talking 40 grand. So not nothing. Not like crazy money, but not Nothing. It’s a 40 grand Delta. She’s short sterling. And that’s the situation. But the problem is, and this is why we think this is so relevant for what we do, she had a, a conveyancing solicitor there, solicitor help you purchase and sell a property. And she had a trust attorney who helped to administer the trust. Both of these parties said, we believe you only owe the lower stamp duty. However, we are not tax advisors. One of them suggested she speak to a tax advisor, the other one outright recommended she speak to a tax advisor and she didn’t. And as a result of this, it looks like, according to this commentator, it looks like that will count as careless, that she can’t have relied on the professional advice of professionals who said, this is not my remit. You can’t rely on my advice. I recommend you speak to someone whose remit it is. And she disregarded that. Therefore it’s not reasonable for her to have assumed it was all it was. She was eligible to pay the lower rate, therefore she was careless. And that has cost her her job. You know, that that’s done, that has cost her job. But it also may also result in her not being able to rely on what in the US here we would call reasonable cause. I had reasonable cause to believe this, that this tax commentator believes it will reach the standard of careless and she will suffer penalties.

James Boyle:
[00:08:43 – 00:09:05]
I know you, you get a shiver up your spine when you hear this, right? Because it is so similar to so many situations we see day in and day out. I mean, it is almost precisely the world we’re, we’re working in, right? We’re not trust advisors. Right. We’re not working in property. But so similar to the conversations we have with people week in, week out.

Richard Taylor, Founder of Plan First Wealth:
[00:09:05 – 00:10:14]
We are cross border advisors. And as a result of that, we have a heightened sense of the risks that cross border people face because IRS rules are idiosyncratic and the penalties are harsh, punitive to say the least. And they’re confusing and there’s lots of gray areas. And on a, almost daily basis we encounter people who are either taking no advice or are taking inadequate advice. And I am regularly convinced that knowing the situations we know them, clients are ever challenged with problems. Knowing what I know, I don’t know if they could rely on, I don’t know if they’d meet the criteria for reasonable cause. Because the, either they’re not taking advice or the advice they’re taking is inadequate and arguably they should know it’s inadequate. Like cross border stuff is complicated. And if you’re, you’re relying on advice from someone who has no cross border experience or knowledge, then you know, do you meet the criteria for, for reasonable cause? Certainly not in all cases.

James Boyle:
[00:10:15 – 00:11:06]
You know, one of the myths we work to dispel, there’s sometimes we get the sense that there’s this underlying belief that as long as it wasn’t outright malicious. Right. I don’t won’t get into the politics. I don’t expect this to be a sort of malicious avoidance of tax owed. Right. There’s a lot of nuance here and complexity, but sometimes there’s a belief that that will protect you. Right. That, well, I wasn’t trying to do anything wrong. This is a perfect example of something that, because the correct advice wasn’t taken. And that includes two, as you said, one outright recommendation and one, you know, disclaimer almost saying, look, this is our opinion, but you need to take tax advice on this question. That advice was ignored, frankly, and the repercussions are very serious.

Richard Taylor, Founder of Plan First Wealth:
[00:11:06 – 00:12:46]
You know, I think you have just. That is such an important distinction to make. I had to think about the amount of times we’ve realized because we get tax returns when, when we’re taking on a new client and annually and the amount sometimes realize someone’s not reporting or not reporting stuff correctly or adequately. We go, oh well, there was no tax to pay. That’s not the problem. The problem is you haven’t reported you’re in non compliance. That means there’s penalties that can. Can apply. What people don’t realize is tax fraud, which is very, very, very serious, very serious and often criminal. Well, I think criminal tax fraud actually requires an element of intent. It has to be shown that you’re intentionally not meeting your obligations, pulling the wool over someone’s eyes being n. Whatever it might be. But there has to be an element of a 10. But what we’re really concerned about when we’re talk about non compliance is penalties, frankly, emotional strife. Yeah. But also penalties. IRS has got massive penalties for everything from these non filing these forms, these trust forms, pfix, which is. Is non US mutual funds which lots of people are holding in ISIS and other such rappers. And they. So not only are the, the penalties frankly horrifying at face value, they also apparently have a habit of stacking them. So. Oh, you’re not reporting your pension on an F bar, an H938. Well, that’s a, that’s a, a penalty for that and a penalty for that. Oh, and you’ve not done it for five years. That’s five, that’s five years of that. You know, these things ratchet up very, very quickly and then some of them are even worse. 3520 penalties. This is a trust form and apparently lots of tax advisors believe it applies to things like a UK SIP. The penalty can reach, I think 35% of contributions or distributions.

James Boyle:
[00:12:46 – 00:12:47]
Wow.

Richard Taylor, Founder of Plan First Wealth:
[00:12:48 – 00:13:01]
You know, and then you add. Yeah. So you’ve got, if you’ve got multiple years of non compliance and you’ve got contributions, distributions and you. And it’s on multiple forms. These things ratchet up on the face of it.

James Boyle:
[00:13:01 – 00:13:56]
And if you’re having that conversation with the IRS at that stage, your options are very limited. Right. And that’s part of why we ring this bell of being proactive rather than reactive. Certainly for our clients who are, tend to be within, you know, shouting distance of retirement or stepping away from, from full time employment. You do not want to be heading into retirement with something like this hanging over your head, knowing that if you get caught out by it, there’s not much that can be done. Right. It’s, it’s much better. I know we say this all the time, but get on top of it if it’s something that you think applies to you because you certainly don’t want to be in Angela’s position. Right. Where you’re suffering the consequences and, and more to come. Right. We don’t know what the ultimate outcome will be, but you need to get the right advice in place. Particularly if multiple advisors are telling you, hey, we think you should take this specific type of advice in this situation.

Richard Taylor, Founder of Plan First Wealth:
[00:13:56 – 00:15:22]
I just want to bring this to light. James and I deal with this on a weekly, weekly basis. Honestly. Something, we see something every single week. Gonna give you two examples. Keep it very vague to protect the innocent. The innocent. We’ve had a couple of clients recently forward us information from their tax advisor. I’m going to keep it very vague, but one in particular to do with a UK pensioner SIP contained the tax advisor’s position. A non cross border tax advisor’s position on three things. Two of them, as far as we’re aware, were just completely wrong. A complete lack of understanding of the filing requirements. A complete lack of understanding how the UK US Door taxation treaty works. And I give a client, you know, so if a client then acts on that basis. And then the IRS later come knocking and say there’s a problem here, there’s non compliance, there’s all these penalties. That client would say understandably, hey listen, I use a tax advisor and they said this was, this was okay. Does that meet the standard of reasonable calls? When, when One of the IRS’s main requirements is was that tax advisor fit for your circumstances? I don’t know, maybe if, maybe if that their practice has loads of other cross border clients. Maybe you could argue that maybe if they’re a local. Who, who you’re the only one. I don’t think you could. But you know, what if someone else has told you or you that that’s incorrect, does that then make it, you know, it’s such a. Sorry, I’m running out of words here.

James Boyle:
[00:15:22 – 00:15:46]
And you know it’s not to impugn these US advisors, right? These CPAs, these EAs, everyone can hear my accent. I’m American. I came up on the US financial planning side. But if I was in where someone approached me with questions on foreign accounts or Pfix back in a, in a past life, I would not be in a position to advise them on that. Right. And, and you know, it’s surprisingly what.

Richard Taylor, Founder of Plan First Wealth:
[00:15:46 – 00:16:45]
You do though, James. No, I hope you wouldn’t do this. I know you wouldn’t do this. Now knowing you now, what you’ve learned at this firm, but what you do is you’d be like, oh, they look, that’s just, that looks like a regular S&P 500 tracker. Oh, is it foreign? So what we’re talking about US tax advisors here, but I’ve seen the same problem in the UK with UK advisors being continuing to advise us person because I just think no one has any, any inkling unless you really get into this. No one thinks oh it’s as crazy and wild as it actually is. So you just think, oh it’s, it’s, it’s a completely benign fund, I’ll just carry on using it. What’s the problem? Oh well, lots of problems actually. And so I’ve got some sympathy, but it’s still super dangerous. It’s still super, super dangerous. Although I’ve got less sympathy when the other one that we saw James, where we had a client reach out to their tax advisor and ask a lot of questions about UK sip and their response was something like sounds like you’d only owe taxes in the uk. Which was like breathtakingly glib and completely wrong.

James Boyle:
[00:16:45 – 00:17:49]
Yeah, yeah, it’s, it’s both incorrect. You know, you’d rather someone say, I honestly, I don’t know. Yep. Like just flat out, I don’t know the answer to this question. I don’t have any experience here. Because to so dismissively take and breathtakingly incorrect position is really dangerous. Because if that person is a trusted advisor, as they very often are. Right. Maybe they’re helping with a US returns or been working with someone on their US assets for years, that person may feel confident in the advice they provide. And unfortunately, because they’ve taken this position in an area they’re not familiar with or well versed in or experienced in, it can lead to some pretty damning consequences. It’s, it’s not a good position to be in as a tax filer because to your point, if the, if the IRS comes knocking or the, you know, if there’s repercussions, I don’t know if that stands as a defense. Someone who, you know, a US tax advisor has no international experience and kind of in an offhanded way said something incorrect.

Richard Taylor, Founder of Plan First Wealth:
[00:17:49 – 00:19:16]
I’m going to fly our flag a little bit. So we think this is critically important. There’s two parts to tax, especially for expats, cross border people. There’s compliance and there’s planning. There’s compliance to avoid financial landmines penalties, pass tax interest, and there’s planning to take advantage of opportunities to reduce your lifetime tax bill. That is a critical piece of the jigsaw. And the compliance element is especially important for expats because there’s way more landmines and they’re blooming expensive to fix. And this is before we even get into the emotional turmoil of being caught up in all this, the emotional cost. We’ve always requested tax returns and done our own review, but we’ve recently upped our game in this in that we’ll now request tax returns. We have a system. We put them through to review them. We’ll review them for compliance. We’ll also meet with clients, tax advisors, with a view to reviewing all this stuff, making sure the response in compliance, if they’re not getting them into compliance, and also then conducting annual planning with the tax advisor hand in glove to try and make sure that we then take advantage of all opportunities going forward, win. I will just say in our experience, nine times out of ten, maybe even more, when someone comes to us and they have a previous life in a different country and they had accounts and assets, whatever it might be, there there’s usually some sort of, there’s usually something lurking.

James Boyle:
[00:19:16 – 00:19:23]
Yep. You know, we were chatting about this Yesterday. And you use the word endemic, which is so true. Right, we see it.

Richard Taylor, Founder of Plan First Wealth:
[00:19:23 – 00:19:23]
Yeah.

James Boyle:
[00:19:23 – 00:20:26]
So, so commonly so. And you know, the bright side of that, if there is one, is that you’re not alone. If you’re listening to this episode, if it sounds like some of these issues, you know, may apply to you, or if you, you might be concerned that you haven’t taken the right type of advice or you only work with a USA who has no cross border experience at all, there are ways to manage it. Right. In our view, the ideal approach to that is having a joint coordinated effort between your financial planner and ideally a cross border tax advisor. Right. Or, you know, sometimes the stepping stone is us meeting with someone’s existing US tax advisor. And very often those conversations, not only does it become very clear very quickly to all parties involved that they just don’t have that expertise, it’s a lot easier to have a conversation with someone and say, hey, you know, if I say the word pfix, I see this account’s holding foreign mutual funds. Does that mean anything to you? Have you filed 8621s before? How often is it that they’re just out of their depth?

Richard Taylor, Founder of Plan First Wealth:
[00:20:26 – 00:20:26]
Right.

James Boyle:
[00:20:26 – 00:20:46]
And again, that’s not to impugn anyone. That’s not to say that these people are bad advisors. Very often there’s just a lack of experience in this particular niche. We live and breathe in a very specialized field by design and unfortunately that means there needs to be specialized advice deployed.

Richard Taylor, Founder of Plan First Wealth:
[00:20:46 – 00:22:21]
But you know what I’m thinking about? I’m thinking about someone who’s out there thinking, yeah, but I don’t know really have any accounts anymore or assets. I’m fully US based and it’s got me thinking about the podcast and blog with you recently about inheritances. Even if you’re that person, almost certainly at some point someone’s going to get an inheritance or a gift from outside the US and if it’s above a hundred thousand dollars, it has to be referred on Form 3520. And if it’s not, long story short, you’re looking at 25 penalty. And the IRS are very, very hot on, on prosecuting this one. There’s a case going through the courts right now. 25% is, is substantial and that’s a one off. You might have had no offshore issues for 10 years, but that happens in year 10 and you’ve no idea. Tax advisors, no idea. And then you’ve got this problem. Anyone with a non US past, I truly believe that the winning formula is a cross Border financial planner, Cross Border tax advisor. And when, when it’s needed, a Cross Border estate planning attorney, you have those that you have that in place and they’re doing the job properly. The landmines dodged. The opportunities truly taken should, I fundamentally believe, be multiples of any fee paid. Pay for itself in spades. This is before you even get into any emotional benefits from not having to go through an ordeal or even if it’s a voluntary ordeal, if you go into compliance. I think it should pay itself in spades. And I think there’s nowhere it’s more important than here. Americans abroad, because they face the same problems. I really think that is the way to avoid these problems we’re talking about.

James Boyle:
[00:22:21 – 00:22:54]
Yep, absolutely. There’s value there. Right. Even though sometimes these specialist advisors, tax advisors, Cross Border tax Adv, you know, there’s a cost to that. Right. Which is sometimes a discussion point with, with people we meet with, but the value of not having to deal with not only the psychological ordeal. Right. Imagine getting audited a year or two into your retirement. You don’t have earnings, you. There’s not much leverage you have there other than the suffer through it to the extent you can. Being proactive. Again, it just pays off in spades.

Richard Taylor, Founder of Plan First Wealth:
[00:22:54 – 00:23:26]
Right, folks, thanks for, for sitting us through that. I know that was a lot of, as a lot of tax talk, but it’s not every day a Deputy Prime Minister has to stand down because she was advised to take tax advice and she didn’t. So we wanted to use that as a, a lesson into the repercussions of this stuff, frankly, and why I believe paying for advice is, is an investment rather than a cost. And also we can’t do anything too topical because we’re recording this quite early because old James is off on his honeymoon.

James Boyle:
[00:23:26 – 00:23:28]
Yeah, two weeks. Yes, thank you.

Richard Taylor, Founder of Plan First Wealth:
[00:23:28 – 00:23:29]
Abandoning us.

James Boyle:
[00:23:29 – 00:23:29]
Yes.

Richard Taylor, Founder of Plan First Wealth:
[00:23:29 – 00:23:30]
Yeah.

James Boyle:
[00:23:30 – 00:23:37]
I’ll be in the sunny shores of Greece for a couple weeks. I’ll be thinking about tax a lot too, so don’t. Don’t think I’m sleeping on it.

Richard Taylor, Founder of Plan First Wealth:
[00:23:37 – 00:23:39]
Anything else? You got anything else lined up?

James Boyle:
[00:23:39 – 00:23:46]
No. We should. I think we should do two things closing out here. We should shout out the episode you were on, if you know when that’s coming out, or at least the podcast. Right. Aiden’s.

Richard Taylor, Founder of Plan First Wealth:
[00:23:46 – 00:24:02]
Oh, so that’s Aidan Grant, who’s been on this podcast like 17 times already. Hopefully people know him. He’s a US or UK US cross border estate planner based in the UK and his podcast is called US UK, I think, or UK US and I think he’s coming out in October.

James Boyle:
[00:24:03 – 00:24:25]
Excellent, excellent, good. And the usual call. Email us right we send us a message if you have questions of any of this touches base. We always want to make this as relevant as we can for our audience and follow us wherever you find your podcast. Right. We, we, we apprec this information out there and to the extent we can, we want to make it dynamic and, and make sure we, you know, we’re listening. See you next time.

Richard Taylor, Founder of Plan First Wealth:
[00:24:25 – 00:24:28]
Thank you. Cheers everyone. Bye bye. Have a good honeymoon. James.

James Boyle:
[00:24:28 – 00:24:29]
Thank you. Will do.

Richard Taylor, Founder of Plan First Wealth:
[00:24:30 – 00:25:47]
All right folks, that’s another episode of we’re the Brits in America Under Our Belts. Thank you for listening. I appreciate it and I appreciate you. If you’re enjoying the show and would like to support the mission, which is to help ambitious expats and immigrants thrive in America, I’d ask you to subscribe to the POD wherever you listen and also consider leaving a rating and review. This stuff really does matter. Please help us get this information to the people who need it. I your fellow expats. Just a quick reminder that this show is brought to you by Plan First Wealth. We are a US Based lifestyle, financial planner and wealth manager and we help successful American and international families living across the US to make the most of their opportunity and ultimately to retire happier. If you’d like to know more about how we might be able to help you, you can find us on our website, planfirstwealth.com or you can look me up on LinkedIn. Do get in touch. We’d love to hear from you. As always, thank you to the podcast guys for their help producing this episode and the entire show. See you next time.