Accounting Obligations for SMEs in Spain: Everything your company needs to know
Accounting management is fundamental for the transparency and financial control of any company, especially in the case of SMEs in Spain. To comply with current regulations, these companies must keep detailed records of their economic operations. In this guide we explain the main accounting requirements, from the obligatory books to the presentation of annual accounts. […]
The new U.S. Corporate Transparency Act and its impact on businesses
In an effort to combat money laundering, terrorism financing, and corrupt business practices, the federal government of the United States of America has enacted the Corporate Transparency Act (CTA). This regulation, issued by the Financial Crimes Enforcement Network (FinCEN), aims to enhance visibility into business ownership, a significant change that will affect numerous companies operating […]
Portugal ends tax breaks for foreigners
Portuguese Prime Minister António Costa’s unexpected announcement of the elimination of aggressive tax benefits for non-regular residents in Portugal has reignited the debate over special regimes in several countries. Spain, in particular, has its own regime, colloquially known as the “Beckham law”, which benefits around 10,000 people every year, at a tax cost of over […]