At Strong Abogados, we have developed our own cloud accounting software, so that you can access your current numbers and tax forms in real-time.
There are several good reasons to use Strong Abogados as your accounting firm in Spain:
If you already have an accountant, we will take care of the transition at no additional cost.
Can you do the accounting according to UK GAAP?
What are the rules about how an invoice needs to look?
What is the VAT tax rate in Spain?
Does my Spanish company always need to include VAT tax when billing our clients?
What tax forms need to be filed for a Spanish company?
With an SL, when do I get a refund of the VAT tax I've paid?
Can I deduct gifts to clients?
Does my company need to report our invoices electronically to the tax office?
What does your service include?
Why choose Strong Abogados to do my accounting in Spain?
Can you do the accounting according to UK GAAP? While the accounting in Spain must be done according to Spanish GAAP (Plan General Contable), we can enter the accounting data you provide into both the Spanish software and UK software, such as Quickbooks, so that we can provide results that conform both to Spanish GAAP for reporting to the Spanish tax office, and to UK GAAP for other purposes, such as reporting to your English investor or to combine with the results of the English branch of the business. What are the rules about how an invoice needs to look? An invoice (factura) in Spain must contain the following:
In Spain, payments are typically made via bank transfer. In this case, since the client will pay some time after receiving the invoice, it's a good idea to include the following disclaimer: "El pago de esta factura se acredita por su abono bancario" ("Your bank receipt is your proof of payment of this amount").
Legally, the invoice needs to be given or mailed to the customer, rather than sent as an email attachment.Does my Spanish company always need to include VAT tax when billing our clients? You must always charge VAT tax to clients within Spain and to clients outside the EU. You must also charge VAT tax to EU clients, unless:
It is the nature of the transaction that dictates whether or not VAT should be charged. In the above exceptions, certain administrative details need to be complied with in order to qualify for the VAT exemption. When in doubt, charge VAT.Can I deduct gifts to clients? Yes, in Spain you can deduct gifts to clients and suppliers, but only up to 1% of your company turnover. Anything over that 1% is not deductible. Does my company need to report our invoices electronically to the tax office? Countries have been implementing the EU directive to electronically report VAT on all invoices created. Spain and other countries have been granted extensions in implementing this directive. Spain finally passed the regulation called SII (Sistema Inmediato de Información) which declares that starting July 1, 2017, any company that has over 6MM€ in annual invoicing must send their invoices to the Spanish tax office within 4 days of creation of the invoices.