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:
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.
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.
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.