Knowing if you owe the IRS excess CTC payments

Advanced tax credits for children were based on 2020 tax returns, so divorced or unmarried parents who alternate claiming dependents may have received excess advance CTC payments if they do not claim...

Taxpayers must reconcile the Child Tax Credit (CTC)

Many Americans have been receiving advance payments for the child tax credit. As part of the US bailout package enacted in March 2021, the amount of the credit was increased and eligibility was...

Taxes 2022 : important changes to be aware of

Tax season is upon us and there are a few key changes in 2022 - including this year’s deadline - but most are largely a result of pandemic-era tax legislation. «The pandemic dramatically altered...

The UK’s new relationship with the EU

The UK has left the EU and the transition period has now ended. This means that the UK has now left the EU Single Market and Customs Union and EU law no longer applies in the UK. The Trade and...

The China’s updated customs policy

The Regional Comprehensive Economic Partnership (‘RCEP’) gathering fifteen Asian countries including the People’s Republic of China (‘PRC’) has finally entered into force on January 1st,...