Accountants for contractors based in low tax or offshore locations provide valuable services to overseas contractors assisting and advising their clients how they may minimise their international tax liabilities and thereby to save on tax. This may be achieved in a variety of ways by accountants providing payroll processing and tax advisory solutions.
We at saveontax.net have an associate company who are offshore accountants and who provide specialist services for contractors from around the world. There are a large number of Indian and Korean contractors working in Africa who are architects, engineers, IT, and construction experts and who may work abroad for a number of years and who could benefit from offshore accountancy services.
Accountants for contractors advise their clients how they may best use the proceeds of their earnings efficiently as a significant proportion may be needed to support their families in their home country. Whilst Governments are entitled to receive tax revenues, contractors accountants both in their home country and offshore have a duty to explore the best methods of maximising income for their clients.
Uses of allowances, expenses and proper use of offshore vehicles such as trusts are legitimate ways for contractors to look after their families future needs. Contractors sometimes opt to process their contract through their accountants. Accountants traditionaly have been engaged for decades to manage payrolls on behalf of clients. Managing contractors payroll is a normal occurance which can be very cost effective and beneficial for the contractor.
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