Living, working and running a business in a foreign country brings a whole series of financial considerations that you may have never had to think about in your home country. For business owners in particular, it is helpful to find good accounting services in Spain to ensure the safety and compliance of your business and protect your company and personal assets.
Based on the financial information you provide, we are able to help you with a wide variety of accounting services in Spain, such as tax planning and filing, bookkeeping and account preparation, payroll solutions, and many other related services. Together, we can make sure that you, your company and any property you own are perfectly compliant with current accounting regulations, while ensuring you don’t pay more than you have to.
Bookkeeping and accounting services in Spain
In Spain, companies are expected to make quarterly filings for VAT tax (or IVA in Spanish) as well as an annual tax filing for income. But before any of these tax returns can be made, your company must first be legally established in the country and registered at the tax office (Agencia Tributaria) and with social security (Seguridad Social). Not to mention, there are quite a few complex regulations that have recently been applied to business accounting standards, now known as “GAAP” or, in Spanish, “Plan General de Contabilidad”. If you are familiar with the IFRS accounting standards, Spain’s current standards are similar to these, although important differences do exist.
Our accounting services in Spain can help you get everything set up from the very beginning, and we will ensure proper bookkeeping so that taxes are a breeze when it comes time to file.
Accounting services and payroll solutions for business owners
Paying your employees is a critical part of any business, and professional payroll solutions for your company operating in Spain can make all the difference. For example, in this country, both the employee and employer are obligated to make contributions to social security, and it will be your responsibility to ensure that these contributions are withheld from your workers’ paychecks.
Tax and financial information in Spain and at home
Even if you are not a resident of Spain, you may have certain tax obligations. This is almost certainly true if you have purchased any real estate property in the country. For people who are earning an income, it is important to know whether you are required to pay income taxes to Spain, your home country, or both. Nobody wants to pay more income taxes than they have to, and our accounting services in Spain will help you determine whether you are considered a Spanish resident for tax purposes and if a double taxation treaty exists between Spain and your home country.
Not adhering to current Spanish GAAP accounting standards can get you in hot water quite fast, and ignorance is not an excuse. Whether you need accounting services in Spain for a long-term partnership or simply some bookkeeping for the end of the month, quarter or year, our financial and legal professionals will be happy to take a look at your financial information and determine the best plan for you and your business.