There are a number of advantages when operating your business as a limited company that could well compensate the initial costs of incorporation and the slightly higher running costs.
Every resident in Spain who holds assets outside the country exceeding €50,000 is required to report them annually using Form 720. This obligation complies with EU regulations but does not involve any tax payment.
Is a dinner with a potential client a deductible expense? What about if you decide to give a present to your employees for Christmas or other holidays, or you host a company dinner at the end of your work season?
Make sure that you are doing your invoices with the correct withholding (Retention) percentage. Find here a table with the most frequent retention types for self employed and small business.
Limit Consulting