The tax advisor madrid is a leading advisory firm in the field of indirect taxes (VAT) with a team of experts that provides its services to all types of companies and individuals. The company offers a complete and preventive consulting service for the management of the tax obligations of companies, SMEs and professional freelancers.
Its services include the preparation of the annual corporate tax return with a report. In addition, it can also prepare or review a number of other tax returns such as VAT returns, withholding taxes, capital taxes and local taxes. It can also assist with transactions such as mergers and acquisitions, contributions in kind, splits, dissolutions or liquidations. It can also help with tax investigations and litigation either before the Tax Authorities or before the Courts.
If you are a US expat living in Madrid, it is important to file both your federal and Spanish tax returns. Filing both taxes can be complicated but it is essential to ensure that you are not missing any deductions or paying too much tax. It’s also helpful to understand the different tax rules and how they apply to your situation.
For example, if you have financial foreign assets, such as a bank or investment account worth more than $10,000, you may be required to file an FBAR. This form must be filed online with FinCEN before October 15th and failure to file can result in significant penalties.
It’s also a good idea to talk with a tax advisor madrid about any potential issues that could arise before you move to Madrid. In some cases, you may be able to avoid paying unnecessary taxes by changing your filing status or establishing a corporation.
Having a good relationship with your tax advisor is crucial to ensuring that you are not overpaying or underpaying. By working with an experienced tax advisor, you can rest assured that your taxes are being handled properly and that you are getting the most out of your money.