Accounting for Beginners: Basics for New Businesses
Starting a business involves taking on many responsibilities, and one of the most important is accounting. Accounting is more than a legal requirement; it is a strategic tool for maintaining financial control. Below, we explain the key accounting concepts that every start-up company in Spain should know. 1. Importance of Accounting for Start-ups Accounting provides […]
Tax Obligations Every Company Should Know in its First Year in Spain
Starting a business in Spain involves complying with a series of tax obligations from the moment the company begins its activity. These obligations are essential to avoid penalties and ensure that the company complies with the law. Below are the main tax obligations that every company should be aware of during its first year of […]
Common Tax Mistakes of Startups in Spain and How to Avoid Them
1. Mistake in the Choice of Legal Structure The legal structure of a startup affects its taxation and general operations. In Spain, many startups choose the Sociedad Limitada (SL) for its flexibility and the protection it offers to partners. With the recent Startup Law, new companies can benefit from a reduced corporate tax rate of […]