Why Do I Need An
Accountant in Spain?
Foreigners who are looking to purchase a
property, open a bank account, start a
business, or take part in any legal process in Spain are required to file for a
national identification for foreigners commonly referred to as the NIE. Once
your NIE is registered you become a Spanish tax paying citizen, meaning you
will require an accountant to help you manage your tax payments and processes
in Spain.
Why Hire an
Accountant in Spain
Whether you are a freelancer or a Spanish
company - being an earning Spanish citizen comes with fiscal requirements that
must be fulfilled. Including filing tax returns on a quarterly on annual basis
to Hacienda. The Spanish tax authority brings you a complete process that must
be met at every step of the way.
A process that can easily become confusing and
overwhelming, especially if you are new to the system or lack a grasp of the
Spanish language. This is why you need someone who understands the system
inside and out and can help you set up a tax return system on a yearly basis.
However, that is not all an accountant is good
for - here are a few reasons why you should hire an accountant in Spain:
Eliminate Errors
Accountants have gone through years of
training that help them find problems and eliminate errors. A skill many fail
to notice, but one that can help you gain a great deal in the years to come. By
eliminating errors accountants can help you save money and processing time.
Making sure your personal and business finances are well documented and filed.
Less Stress
When you hire a professional accountant you
can easily step away from the desk. Allowing the trained professional to do
what they are good at, while you focus on other aspects of your business that
need your attention. Knowing you are in good hands helps you lay off some of
the stress you have been carrying around.
Financial Advice
Accountants are financial experts and are an
excellent source for solid financial advice. It can be regarding the purchase,
money management, or other financial aspects. These number wizards can add up
any variables and offer you an answer based on your unique situation.
Improve Funding
Acceptance
Lenders are more likely to offer money to you
when they know you have an accountant on board. Knowing the money will be
properly managed and they will get repaired offers them a sense of security
that boosts your approval rate by a great deal.
Save Time &
Money
By hiring a professional you can save time and
money! The time you would have invested in getting things done on your own, and
the money you would have lost wasting time on the process can be saved with a
single accountant. Hiring outside help is a blessing in disguise and can help
you more in the long run. Keeping the bigger picture in mind we suggest you
hire an account in Spain - one that can help you deal with local procedures.
These are some of the many reasons why you
need to hire a Spanish accountant. One that understands your finances and areas
of working - offering you a complete view of what's to come, how to manage your
setting, all the while making sure every financial requirement under the
Spanish law is met.