US Businesses: Are You Missing Out on $26,000 Per Employee?
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International24 May 20221 min readBy Simon Newsham CTA(Updated 2 March 2026)

US Businesses: Are You Missing Out on $26,000 Per Employee?

Businesses and non-profits can access free cash as part of the US Government's COVID financial support package.

Frequently Asked Questions

What is the statutory residence test?+

The statutory residence test (SRT) is a set of rules used to determine whether an individual is UK resident for tax purposes. It considers days spent in the UK, connecting ties, and working time patterns.

How are non-doms taxed in the UK?+

Non-UK domiciled individuals (non-doms) have historically been able to use the remittance basis of taxation. The rules changed significantly from April 2025, replacing the domicile-based system with a residence-based one. Specialist advice is essential.

Do I need to declare foreign income in the UK?+

If you are UK resident, you may need to declare foreign income and gains. The treatment depends on your residence status and whether you use the arising or remittance basis. A Chartered Tax Adviser can guide you.

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Written by

Simon Newsham CTA

Chartered Tax Adviser — Founder, Newshams Tax Advisers

Simon Newsham is a Chartered Tax Adviser (CTA) with over 30 years' experience advising businesses, high net worth individuals, law firms and accountancy practices on complex UK tax matters. He has been advising clients since 1995 and is a member of the Chartered Institute of Taxation.

Chartered Tax Adviser 30+ Years Experience UK-Wide Advisory
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