Taxbytes for Expats

Stephanie Wickham, ExpatTaxes.ie

Are you an expat who is confused by the Irish tax system? Maybe you are planning a move to or from Ireland and want to understand how to navigate the complex tax issues that arise? Taxbytes for Expats is the show that explains in simple terms the dos and don'ts of Irish taxes for expats.

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Top 10 Taxbytes for Expats Episodes

Goodpods has curated a list of the 10 best Taxbytes for Expats episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to Taxbytes for Expats for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite Taxbytes for Expats episode by adding your comments to the episode page.

Country, Culture & Coffee: Embracing Ireland as an Australian Expat with Matthew Bliss

Taxbytes for Expats

01/16/24 • 43 min

In this episode we had a fantastic chat with Matthew, an Australian expat who, with his Irish wife, embarked on an adventurous move from Melbourne to Ireland. Matthew, who you might know from his podcast "From My Home to Yours," dives deep into their personal journey, sharing the ups and downs, the laughs and the challenges they faced along the way.

We talk about everything from dealing with visa issues and financial planning to adapting to the Irish way of life (and searching for that perfect cup of coffee!).

If you're curious about what it's like to uproot your life and start anew in Ireland, this episode is just for you. It's packed with heartfelt stories, practical tips, and a good dose of Aussie charm. Tune in to get a real feel of what moving to Ireland entails, and remember, for any specific tax advice, our team at ExpatTaxes.ie is always here to help.

Main Topics discussed in this episode:

An introduction to Matthew's journey with his wife from Melbourne to Ireland, including where they met and why they decided to move.
Insights into adapting to life in Ireland, including differences in lifestyle, culture and weather.
The challenges and strategies to moving internationally, focusing on packing up their life in Australia and navigating bureaucracy in Ireland.
Employment prospects, remote work, and financial planning for the move.
Matthew's observations on Irish culture, including aspects like coffee culture in Ireland compared to Melbourne.
Reflections on settling in Ireland, the emotional impact of emigration, and thoughts on potentially returning to Australia in the future.
Practical advice for others considering a similar move, emphasizing the importance of preparation and managing expectations.

If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at [email protected] or leave a rating and review on Apple Podcasts or Spotify.

Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/.

Mentioned in this episode:

Special Offer from our Trusted Partner, Currencies Direct

This episode is brought to you by Currencies Direct, our trusted currency exchange partner when transferring currency to or from Ireland. Use the link below and quote "Expat Taxes" when registering with Currencies Direct to receive a €50 One4All or Amazon voucher when you transfer €5000 or more in your first six months with Currencies Direct.

Click here for Currencies Direct Special Offer

Tracking your Tax Residency across the World with Tim Heulin

Taxbytes for Expats

03/19/24 • 23 min

As an expat, you've likely had to sort out your tax residency and assets in multiple countries and if you've got interests in three or more residencies, it becomes really complicated!

This week I had a chat with Tim Huelin, the brains behind the brilliant new app: Daysium (https://daysium.com/). Before trying his hand at tech entrepreneurship Tim was a pilot, so he knows a thing or two about bouncing between countries. That's why he created Daysium – to help folks like us keep track of our travels for tax reasons without all the headache.

In this episode, I found out how Tim went from flying people around the world to crafting an app that's all about making tax residency tracking a breeze. You'll get the lowdown on what Daysium is, who it's for, and why it could be a game-changer if you're tired of keeping track of your international moves the old-fashioned way. And you'll be prepared when your tax accountant mentions for you "to keep records"!

So, whether you're moving countries often or planning a big move and want to keep your tax accountant happy, listen on to discover how Daysium could take the stress out of your tax residency woes. Plus, find out how you can get on board with this nifty tool and even become a partner.

Main Topics discussed in this episode:

Introduction to Tim Huelin and his transition from an airline pilot to a tech entrepreneur.
What is Daysium, its purpose, and the technology behind it.
Addressing the challenges of tracking tax residency for frequent travelers.
How Daysium simplifies the process of documenting and proving tax residency status.
Potential use cases for Daysium.
The global scope of Daysium and its future potential in the tax and technology landscape.
How listeners can learn more about Daysium, sign up for the waitlist, or explore partnership opportunities.

If you'd like to find out more about Daysium and how it can help you effectively track your tax residency, visit https://daysium.com/ or register your interest now for access to Daysium as an exclusive bonus for Taxbytes For Expats listeners!

*****

If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at [email protected] or leave a rating and review on Apple Podcasts or Spotify.

Mentioned in this episode:

Special Offer from our Trusted Partner, Currencies Direct

Click here for Currencies Direct Special Offer

Remote work in Ireland for your UK employer - the things you need to know

Taxbytes for Expats

02/02/23 • 30 min

If you have worked remotely for your UK employer in Ireland then you will want to listen to our most recent episode where we talk to Laura Sant of CA Tax International on the following issues:

the UK tax issues to consider for both employee and employer

social security issues when working remotely

key deadline and compliance obligations

Mentioned in this episode:

Special Offer from our Trusted Partner, Currencies Direct

Click here for Currencies Direct Special Offer

A Deep Dive on Financial Planning for Expats with Marc Westlake (Part 1)

Taxbytes for Expats

02/06/24 • 23 min

Marc Westlake, a Chartered Financial Planner and Managing Director at Everlake, brings a wealth of knowledge in wealth management and tax-based services for families and foreign nationals in Ireland in this episode of Taxbytes For Expats.

Join us for Part 1 of this enlightening conversation as we unpack the layers of financial planning and tax considerations for expats living in Ireland. Marc's unique blend of professional expertise and personal experience makes for an informative and engaging discussion that you won't want to miss!

Main Topics discussed in this Episode

Marc introduces Everlake, explaining its focus on wealth management and tax-based services for expatriates in Ireland, particularly from the US, the UK, and South Africa. He shares his personal journey of moving from the UK to Ireland and how this experience shapes his expertise.
We delve into the complexities of the Irish tax system, especially for foreign investments, and discuss the importance of informed decision-making in tax planning.
Marc talks about the bigger picture of financial planning, encouraging people to enjoy their money and focusing on lifestyle goals rather than just financial objectives.
A detailed discussion on Section 72 policies in Ireland, their costs, and effectiveness. Marc offers insights into alternative estate planning strategies that might be more beneficial than traditional insurance policies.
Marc stresses the importance of aligning financial solutions to client-specific problems rather than a one-size-fits-all approach, underscoring the potential conflicts of interest in commission-based financial products.

This episode is Part 1 of my conversation with Marc, with Part 2 to come in two weeks. If you're interested in engaging Marc in his services, get in touch via the Everlake website (https://everlake.ie/).

If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at [email protected] or leave a rating and review on Apple Podcasts or Spotify.

Mentioned in this episode:

Special Offer from our Trusted Partner, Currencies Direct

Click here for Currencies Direct Special Offer

Pensions, Planning, and Investing for your Future in Ireland with Marc Westlake (Part 2)

Taxbytes for Expats

02/20/24 • 30 min

I'm thrilled to have Marc Westlake, a seasoned Chartered Financial Planner and the Managing Director at Everlake, join us once again for a vital discussion that picks up right where we left off.

In Part Two of our conversation, Marc shares valuable insights into maximizing your pension benefits, the art of diversification, and how to be financially savvy globally and in Ireland. Whether you're contemplating the move, have recently relocated, or are looking to optimize your existing arrangements, Marc's expertise will help you secure your financial future.

From understanding the bedrock of pensions in Ireland to strategic moves that could save you and your family plenty of money, Marc breaks down complex financial planning into actionable advice. Moreover, we explore the potential of pensions not just as a retirement fund but as a tool for achieving financial independence and flexibility much earlier in life.

Remember, financial wisdom isn't just about accumulating wealth; it's about making informed choices that align with your life goals and values.

Main Topics discussed in this Episode:

An overview of how retirement provision works, including basic subsistence protection through social security and the benefits of the Irish and UK state pensions.
Strategies for enhancing pension benefits, including voluntary contributions to top up UK state pensions and eligibility for claiming both Irish and UK state pensions.
Discussion on accessing pensions at an early age for financial benefits, such as paying off mortgages, and the concept of pensions not just being for old age.
The process and considerations for transferring pensions, especially from the UK to Ireland, and the importance of planning before making international moves.
The pitfalls of not diversifying investments and common financial mistakes expatriates make when moving to Ireland.
Advocating for professional financial advice to navigate complex financial landscapes and make informed decisions that align with personal values and lifestyle goals.

This episode is Part 2 of my conversation with Marc - if you haven't listened yet, check out Part 1 from two weeks ago. If you're interested in engaging Marc in his services, get in touch via the Everlake website (https://everlake.ie/).

If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at [email protected] or leave a rating and review on Apple Podcasts or Spotify.

Mentioned in this episode:

Special Offer from our Trusted Partner, Currencies Direct

Click here for Currencies Direct Special Offer

Buying a House in Ireland from Overseas as an Expat with Miriam Finn

Taxbytes for Expats

04/02/24 • 26 min

The Irish property market is often considered difficult to understand, and houses even harder to come by. In this episode, I get to speak with Miriam Finn, a seasoned property consultant who's dedicated to helping folks like you find their dream homes in Ireland. With over three decades of experience in finance and property, Miriam is an expert at finding and securing houses for expats both in Ireland and overseas.

In our chat, Miriam breaks down the essentials of the property buying process in Ireland, shares tips on overcoming common hurdles and offers a glimpse into what buying a property in Dublin is like. So whether you're contemplating a move back to Ireland or considering an investment here, Miriam's advice and services will be a huge benefit to you!

Main topics discussed in this episode:

Miriam Finn's Background in retail banking, mortgage brokerage, and property sales
How Miriam and her team alleviate the stress of property hunting, especially for expats unfamiliar with the local market.
Valuable insights into the current state of the Dublin property market and the challenges in the Irish market.
Miriam outlines the typical timelines in purchasing a property in Ireland, emphasizing the importance of being well-informed and prepared.
Miriam offers practical tips for expats, including the importance of understanding local market nuances, the benefits of establishing connections with real estate professionals, and the value of on-the-ground support.
For listeners intrigued by the prospect of buying property in Ireland and seeking professional guidance, Miriam shares how to get in touch with her team for a personalized consultation.

More information and to book free consultation with Miriam Finn, head to www.miriamfinnproperty.ie or connect with her on LinkedIn: https://www.linkedin.com/company/miriam-finn-property-consultant/.

*****

If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at [email protected] or leave a rating and review on Apple Podcasts or Spotify.

Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/.

Mentioned in this episode:

Special Offer from our Trusted Partner, Currencies Direct

Click here for Currencies Direct Special Offer

US Citizenship, Digital Nomads and Saving on Taxes with Olivier Wagner

Taxbytes for Expats

04/16/24 • 27 min

Working overseas as a U.S. citizen means the tax conversation can be tricky! How much do you pay as taxes to each country? Do you need a tax agent in the U.S.? And what entitlements do you have as someone working abroad?

With over a decade of expertise in US expat taxes, Olivier Wagner shares with me what U.S. citizens living abroad need to know, especially if they are digital nomads. From leveraging the Foreign Earned Income Exclusion to the complications of Social Security contributions, Olivier shares with me the insights you need to live in Ireland and pay taxes in the U.S.

Whether you're considering renouncing your US citizenship or curious about the tax implications of your global lifestyle, this episode is packed with essential advice to help you stay compliant and make informed decisions.

Main Topics Discussed:

Introduction to Olivier Wagner and his expertise in US expat taxation.
Overview of tax obligations for US expats and digital nomads.
Utilizing the Foreign Earned Income Exclusion for digital nomads.
The implications of Social Security contributions for US expats.
Strategic considerations for US citizens contemplating renouncing their citizenship.
Financial planning tips for US expats living in higher tax jurisdictions.
The importance of seeking professional tax advice before moving abroad.

If this conversation resonates with you and you'd like to seek out Olivier's services, head to https://1040abroad.com/ to organise a free consultation. Alternatively, you can purchase Olivier's book on Amazon.

LinkedIn: https://www.linkedin.com/in/owagnerea/

*****

If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at [email protected] or leave a rating and review on Apple Podcasts or Spotify.

Mentioned in this episode:

Special Offer from our Trusted Partner, Currencies Direct

Click here for Currencies Direct Special Offer

Topping Up your UK State Pension Before It's Too Late! with Mel Morgan

Taxbytes for Expats

09/17/24 • 21 min

In this episode of Tax Bytes for Expats, I had the pleasure of speaking with Mel Morgan from UKStatePensionAbroad.com. Mel and his wife, Martha, specialize in helping people maximize their UK state pension benefits as appointed agents of HM Revenue and Customs, even if they’ve left the UK years ago.

We discuss how those with previous employment in the UK can top up their pension contributions and potentially boost their retirement income by thousands per year. Mel walks us through the simple but crucial process of determining eligibility, applying for back payments, and making sure everything is optimized to ensure the best outcome.

This episode is a must-listen for anyone who’s worked in the UK and wants to understand how they can benefit from the UK’s state pension system, even if they’re living abroad. Whether you’ve spent just a few years in the UK or worked there long ago, there’s still time to act and secure this valuable pension opportunity.

What is discussed in this episode:

UK State Pension Eligibility: You need at least three consecutive years of employment in the UK to qualify for a UK state pension, regardless of how long ago you worked there.
Class 2 vs. Class 3 Contributions: Most people can buy back years at the more affordable Class 2 rate, costing around £165 per year. Failing that, Class 3 contributions are still a great investment, albeit at a higher rate.
Double Pension Benefits: You can receive both UK and Irish state pensions for the same years worked, as they are treated separately, similar to additional voluntary contributions (AVCs).
Time Sensitivity of Applications: The window to top up your UK pension contributions closes on 5 April 2025 (with caveats) but Mel's team may stop accepting applications by November 2024 to manage demand, so submit your request quickly!
Seek Expert Advice: Working with an expert like Mel can ensure your application is optimized for success, helping you avoid costly mistakes and navigate the complexities of dealing with UK Revenue and HMRC.

Contact Mel Morgan:

Email: [email protected]

Website: https://ukstatepensionabroad.com/

*****

If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at [email protected] or leave a rating and review on Apple Podcasts or Spotify.

Mentioned in this episode:

Special Offer from our Trusted Partner, Currencies Direct

Click here for Currencies Direct Special Offer

The Financial Reality of Migrating to/from the United States with Sean Kearney (Part 1)

Taxbytes for Expats

11/19/24 • 30 min

Hi everyone! The complications of Ireland/U.S. migration isn't lost on any professional that has a stake in making the move work. Knowing how to treat both countries from a financial perspective is difficult - especially for those of us making the move!

In this episode, I sat down with Sean Kearney of Amvoy Wealth, a specialist in helping Irish citizens manage their US-based finances, understand tax obligations, and plan for future moves between Ireland and the US. Sean’s expertise is second to none, and his insight into the realities of balancing US and Irish financial systems is both essential and eye-opening.

In Part 1 of our conversation, Sean shares the basics of navigating dual tax obligations, the common missteps that Irish expats encounter in US financial planning, and why keeping everything above board (no matter how tempting it might be to do otherwise) is crucial.

If you’re an Irish citizen in the US, planning a move back home, or have financial assets in either country, don’t miss Sean’s advice on staying compliant, managing investments across borders, and the importance of early financial planning! And stay tuned for Part 2 in the next episode of Taxbytes For Expats!

What you'll hear in this episode:

The Importance of Cross-Border Financial Planning: Moving between the US and Ireland involves unique financial and tax implications, especially for Irish citizens holding US assets or green cards. Working with advisors who understand both systems can save you from costly mistakes down the road.
Tax Consequences of Holding a Green Card: Many Irish expats seek a US green card but don’t realize the potential tax consequences when leaving the US. It’s critical to properly exit the US tax system and file necessary documentation to avoid future tax liabilities.
Why Rebasing Investments Before Moving Matters: Selling or ‘rebasing’ assets while still under US tax jurisdiction can often reduce capital gains tax, as US rates are typically lower than Ireland’s. Proper timing here can make a significant difference in tax savings.
Potential Risks of Unpaid Taxes and Undeclared Assets: Ignoring tax obligations on assets left in the US or in Ireland can come back to haunt expats, especially with increasing global tax transparency. Compliance is key to avoiding future penalties.
The Value of a Cross-Border Advisory Team: Combining the expertise of Irish and US advisors who communicate directly can give expats clarity and security. This collaboration ensures compliance, optimizes tax strategies, and aligns with personal and financial goals across both countries.

Contact Sean:

Email: [email protected]

Website: https://www.amvoywealth.com/

LinkedIn: https://www.linkedin.com/in/sean-kearney-cfp%C2%AE-870763199/

*****

If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at [email protected] or leave a rating and review on Apple Podcasts or Spotify.

Mentioned in this episode:

Special Offer from our Trusted Partner, Currencies Direct

Click here for Currencies Direct Special Offer

Entering the Irish rental market as a landlord - opportunities and pitfalls

Taxbytes for Expats

09/18/23 • 39 min

In this episode we speak with Property Specialist Lisa O'Reilly of LOR Property Solutions about the pitfalls and opportunities for landlords in the Irish market. This episode is for you if you are considering renting property in Ireland and unsure of the issues/opportunities in this space.

Segment 1: Rent Caps Irish rental market overview. Explanation of rent caps and how they affect landlords. Understanding the Residential Tenancies Act. Tips for staying compliant with rent caps.

Segment 2: Finding the right property factors to consider when choosing an investment property. Location, location, location: Exploring ideal areas for investment. Types of properties popular with renters. Working with local real estate agents.

Segment 3: Tenant's Rights An overview of tenants' rights and protections in Ireland. The importance of a well-drafted lease agreement. Handling tenant complaints and issues professionally. Eviction laws and the eviction process in Ireland.

Segment 4: Registrations The legal obligations of landlords in Ireland. Registering with the Residential Tenancies Board (RTB). Maintaining records and documentation. Penalties for non-compliance.

Segment 5: Tax Tips and Rules Understanding Irish taxation for landlords. Deductible expenses and tax benefits. Capital gains tax implications. Professional advice and tax planning.

Segment 6: How Lisa's company - LOR Property Solutions Can Assist - The Model They Offer The benefits of joining a landlord association. LOR's resources, support, and educational opportunities. How LOR can help you navigate the Irish rental market.

Segment 7: Rates of Return Calculating your return on investment (ROI). Factors affecting rental income and ROI. Long-term vs. short-term rentals. Maximizing profits while providing quality housing. It's no secret that the Irish rental market can be both rewarding and challenging, but with the right knowledge and support, you can make the most of your investment.

If you have any questions or would like to learn more about specific topics covered in this episode, feel free to reach out to us or contact Lisa directly via her website https://lorpropertysolutions.ie/

Mentioned in this episode:

Special Offer from our Trusted Partner, Currencies Direct

Click here for Currencies Direct Special Offer

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FAQ

How many episodes does Taxbytes for Expats have?

Taxbytes for Expats currently has 43 episodes available.

What topics does Taxbytes for Expats cover?

The podcast is about Places & Travel, Society & Culture, Podcasts, Business and Careers.

What is the most popular episode on Taxbytes for Expats?

The episode title 'An overview of the US state tax system for Irish residents' is the most popular.

What is the average episode length on Taxbytes for Expats?

The average episode length on Taxbytes for Expats is 27 minutes.

How often are episodes of Taxbytes for Expats released?

Episodes of Taxbytes for Expats are typically released every 14 days.

When was the first episode of Taxbytes for Expats?

The first episode of Taxbytes for Expats was released on Sep 21, 2022.

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Taxbytes for Expats

Stephanie Wickham, ExpatTaxes.ie

Top 10 Taxbytes for Expats Episodes

FAQ

How many episodes does Taxbytes for Expats have?

What topics does Taxbytes for Expats cover?

What is the most popular episode on Taxbytes for Expats?

What is the average episode length on Taxbytes for Expats?

How often are episodes of Taxbytes for Expats released?

When was the first episode of Taxbytes for Expats?

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