Home » What are the functions of a Spanish tax advisor?

What are the functions of a Spanish tax advisor?

  • by

How can a tax advisor Spain assist me?

A tax advisor is essential for every company or individual who is not a resident of Spain no matter the scale of firm and the specific actions to which it’s focused or where it is situated.

The tax advisor or tax consultant is a person who helps to cut costs or to pay less tax to the state. However, it is more than the above. He also has to educate and guide his clients to follow the rules in accordance with the law. This means avoiding unnecessary expenses as well as reducing the tax burden for legal or natural persons.

Thus, a tax adviser is a person who is accountable to ensure that a person or business is up to the minute with tax obligations in accordance to the law and is up-to-date with the latest rules and regulations. Additionally, they are also accountable for aiding them in obtaining tax benefits, including taxation of benefits and gains earned from estate planning, investments, tax administration, or business tax planning.

Benefits of getting legal advice on tax matters

The legal system becomes more complicated and generally daily life of the individuals and/or businesses that use our tax services are usually complicated which makes it difficult to stay up on what law is in force and the different processes that need to be carried out.

A tax advisor will ensure you are in compliance with the law, and without being in danger or having to deal from the Treasury. The tax advisor can reduce the tax burden of your clients by offering secure and lucrative solutions for your clients. How? Examining, contrasting, and analysing the information your client has to handle in a way that is tailored to provide enough information to limit tax settlements.

What are the roles of the tax advisor?

Like most jobs, there are many functions that can be performed by this job. Some of the most well-known are:

Stay current regarding local and regional taxes. Additionally, you should inform your customers, resident or not, of the deductions or subsidies allowed by law, which will help you maximize your tax rate for business.
Management and the presentation of all required documents required for the payment taxes for the year and local taxes.
In the event of legal proceedings, you must represent your client before the courts and for instance, the Tax Agency or the workers of the company , if required.
Make sure you are doing a thorough budget for your finances in the short and long term and prepare the resources needed and arranging the various payment that the client is required to make over the next few months.
Make sure you follow up on tax settlements to ensure they are processed on time, in the right format and with the proper content.
Provide all needed information to the client regarding tax regulations, options, subsidy, resources tax options, legal or legal in addition to other issues.
Provide companies with advice on the best legal structure for their business in line with their requirements and goals.
Development of economic and legal audits that track your financials.
The management of the payroll of a business’s employees.
The annual accounting is prepared in the hope of accurately making sense of the outcome of the economic activities that are carried out.

The responsibilities and obligations for the accountant

The tax advisor works for either tax or civil authorities,. So, he has to understand the law in detail and understand legislation of his nation and to possess a certain amount of years of experience in the creation of his job.

What is the reason why the tax advisor important?

People who live outside of Spain generally are covered by the chip of their country of their destination. This chip ceases to be current regarding the tax payment in Spain So the best method to stay clear of penalties is to consult a tax consultant

However in the world of business, it’s almost impossible to not be a tax adviser. This is linked to the security and confidence of the clients, which is its goal, in addition to decreasing the tax burden for the client, which can affect the business as well as the growth of the business is correct. A company that has no legal issues and that is tax-free is one that projects an image of trust to the general public, displaying professionalism as well as security, and has a great reputation.