This is my first contracting gig. I have been offered a contract to Brussels for 1 year. I have registered an Ltd last summer so that is in place. The income will be past the VAT threshold.
I called an accountant and he said that he will need about 10-15 hours on 275 per hour to look into structuring the most tax efficient way to do this, as taxation in Belgium can reach 50% (and I don't want that). Then again, I live with my spouse in London and don't know if it's really worth it going to Brussels, if I'm going to be paying, say 45% at the end, plus pay some 3k or more to an accountant to structure only my company, and then pay an accountant for book keeping and the rest. The accountant said that the structure will have to be in place before I start (which may have sounded a but pushy).
I have tried to shop around but no one is really confident on how to do this best, and this guy who has good reviews and was suggested, said he has done it before for his clients, and knows how it can be done.
Thoughts on this? Is the accountant charging a bit too much? Or is this standard practice?
I called an accountant and he said that he will need about 10-15 hours on 275 per hour to look into structuring the most tax efficient way to do this, as taxation in Belgium can reach 50% (and I don't want that). Then again, I live with my spouse in London and don't know if it's really worth it going to Brussels, if I'm going to be paying, say 45% at the end, plus pay some 3k or more to an accountant to structure only my company, and then pay an accountant for book keeping and the rest. The accountant said that the structure will have to be in place before I start (which may have sounded a but pushy).
I have tried to shop around but no one is really confident on how to do this best, and this guy who has good reviews and was suggested, said he has done it before for his clients, and knows how it can be done.
Thoughts on this? Is the accountant charging a bit too much? Or is this standard practice?
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