United States: Deadline Extended To Submit Opinion And Advisory Letter Applications For Preapproved Defined Benefit Mass Submitter Plans

In Announcement 2014-41, the IRS extended to June 30, 2015, the deadline to submit on-cycle applications for opinion and advisory letters for defined benefit mass submitter lead and specimen plans, word-for-word identical plans, master and prototype minor modifier placeholder applications, and defined benefit nonmass submitted lead and specimen plans for the plans’ second six-year remedial amendment cycle.

Under Rev. Proc. 2007-44 and Rev. Proc. 2011-49, as modified by Announcement 2014-4, the submission period for these […]

By |January 5th, 2015|

Guidelines For Making A Will: Individuals Domicilied OutsideOf Jersey With Assets In Jersey

Probate work, whether in the preparation of wills or the administration of estates, demands a high level of sensitivity and understanding. At Collas Crill, we are involved with extensive estate planning and the administration of estates in Jersey for personal representatives throughout the world. The idiosyncrasies of Jersey law and custom in matters relating to inheritance and succession can be a baffling minefield and so the ability to communicate and explain with concise clarity […]

By |January 5th, 2015|

UK: Taxing Times Ahead? What The Autumn Statement Means For R&D Businesses

The UK government has announced plans that will impact on the tax relief companies can claim in respect of research and development (R&D).

In this regard, the UK Chancellor, George Osborne, recently delivered his final Autumn Statement before next year’s general election. He had both good and bad news on the R&D tax credits which are available to companies that have to pay UK Corporation Tax.

In recent times the UK government has pledged to […]

By |January 2nd, 2015|