Tax, Accounting and Labour Consultancy in Spain
Sergi Mingallon
Head of the Accounting Department
How can Accounting Services help your business?
Accounting is a source of information that can bring great advantages to the company:
- It allows us to know the cost of production of a service or product.
- We can know the current financial situation of the company
- To maintain a control of the expenses and incomes and to know which ones we can reduce, suppress or promote.
- Calculate correctly the taxes to be paid.
Keeping a good accounting will make these data fit the reality of the company, which will allow us to have a better basis for making, before it is too late, decisions about the future of the company.
On the other hand, if the accounting is not correct it can result in a bad calculation of the taxes with its respective sanctions.
How does the accounting process work in Spain?
Accounting operates according to a set of rules standardized for all companies and regulated according to the General Accounting Plan by Royal Decree 1514/2007.
What is included in Our accounting service?
We will prepare the client’s accounting according to Spanish and European accounting standards based on the documentation sent to us electronically. We will always prioritize the client’s needs and we will be at your disposal to solve any kind of issues that may arise.
The services to be provided include the preparation of the Consolidated Balance,
the Trial Balance and the Income Statements. They also include the review and
consultation services of the corresponding accounting. In case it is requested, we
can provide on a monthly or quarterly basis the General Ledger, Balance Sheet and the Profits
and Loss for the accumulated year or the corresponding to the period.
¨We will be with you each step of your journey.¨
– Immigration Team
How can a lawyer help me?
As mentioned above, proper bookkeeping is very important for decision making and for the correct payment of taxes. That is why it is advisable to put yourself in the hands of a professional, who will advise you in the decision making process as well as help you to interpret the accounting data. In addition, it will also help you to avoid problems with the tax authorities by paying taxes correctly.
Accounting Department
Sergi Mingallon
Tax and accounting specialist
Maria Grima
Tax Specialist
Sara Rinaldi
Tax Advisor
Ivan Boyero
Tax Specialist
Albert Pujol Pinto
Tax and Accounting SpecialistFrequently Asked Questions
Yes, according to article 14 of the commercial code, every businessman must keep orderly accounting records appropriate to the activity of his company, allowing a chronological follow-up of all his operations, as well as the periodic preparation of balance sheets and inventories.
The income statement is formed by the difference between all the company’s expenses and income during a determined period of time, generally 1 year.
Within three months following the end of each fiscal year, the Directors are obliged to formulate:
- The Annual Accounts
- The management report
- The proposal for the application of the result.
The consequences of failing to comply with these obligations are very serious for the Directors.
Small companies will be subject to small business accounting if they meet two of the following requirements: they do not exceed an annual turnover of 8 million euros, do not have more than ten employees on average and do not have assets of more than 4 million euros.
It differs from the accounting of large companies in the simplification of registration criteria and a more simplified structure of the annual accounts.
Correctly calculated financial statements provide us with a lot of information about how the company is developing, if they are facing liquidity problems, if there are debt matters or, on the contrary, if we can get into debt to boost the business, etc…It is as important to obtain good data as it is to know how to interpret them correctly.
The only concern of the client will be to send us all the documentation (invoices received, invoices issued, bank statements and any other documentation that may be important for the client) related to the company on a monthly basis and we will take care of the rest.
What clients say about us
We get to know about Spanish Golden Visa by property investment through web searches but as a foreigners we have limited knowledge about Golden Visa application compliance and property sales and purchase governing rules and regulations.There are many websites out there listing out how Golden Visa legal system or property ownership in Spain works but we know it is even beyond language bearer that we need an experience, responsive and dedicated specialist to do the job.We come across Lexidy Law, which specialized in assisting foreigners in Golden Visa application and in our case through the property purchases (there are few types of ways for qualifying on Spanish Golden Visa application).Because of the straightforward services price structure of Lexidy and easy to understand explanations of the home-purchasing process, we felt confident after meeting with Mr.Alejandro who is the first person we met of the application process.During our property purchase, the sale of the house has come to a halt and become a complex and problematic deal as a result of sellers’ family dispute on the sales proceed distribution. The argument lasted for two months, pushing back the completion deadline.The Lexidy real estate team has done an excellent job, in particular with the lead by Señor Juan Diego.Juan is highly knowledgeable, competent and down to earth practical lawyer in this field; his previously work experience in real property gives us good spectrum of views and advices with alternative or solutions and he shows his capability in ranking them logically so we do the decision to choose the best fit for ourselves.He promptly provides updates on every development and highlights complication or consequences from both the seller and buyer perspective (nearly every day). His effective and fluent communication skills in written and spoken English saved thousand words for non Spanish language speakers like us; He maintain his client's best interests in mind yet remain independent in giving his advices.Lexidy's real estate team has spent a considerable amount of time and resources helping us have a successful closure to this property purchase.Yes, we are now proud house owners, and Lexidy didn't charge us extra for the additional work and efforts on the process hiccup. We are impressed and thankful with the professionalism.Thankful Lexidy, it would be impossible for us to have a flawless closure and a successful property transaction which now lead us to the final path of Spanish Golden Visa process which handle by Ms.Laura and her team.It is truly a blessing and we sincerely hope that our review might also benefit you in finding a correct choice of Spanish Golden Visa application service provider.
Yaw Kevin
02:00 27 Sep 23
Exceptional service with exacting details. Not only were the staff friendly but also extremely exhausting to make everything simple, efficient, and clear. Whether it's about the new digital visas or retiring visas, they're your obvious choice!
Mohamed Ramy
09:57 29 Aug 23
A great law firm that covers anything an expat might need. I needed help with real estate initially, and they also helped me with immigration, taxes, and corporate legal matters. Fantastic people to work with. Alejandro from their real estate and immigration department is my main contact and he is an absolute pleasure to work with. Highly recommended!
Jonathan Elron
07:37 13 Aug 23
Absolutely wonderful team that made the visa/residency application process seamless! For any Americans looking for assistance with this process, Lexidy is THE way to go. Great team to work with!!!
Michael Leggett
22:27 17 Jun 23
Poor experience to be honest. Filled out a form to obtain my NIE tax number for Spain on their website.There was a box to tick on there form that asked if I wanted help with a lawyer for buying property, I ticked “NO” the advisor “Alejandro” broke the terms and conditions of my right not to marketed to and reached out anyway multiple times. I decided to book a meeting because even though I have no intention to buy property at least I would learn about the process.Alejandro without even a email or a sorry didn’t turn up to the meeting but his colleague was sent to fill in for him. His colleague was nice and was able to learn lots from him.We agreed they could help with obtaining the NIE and later down the line probably my visa too.Alejandro was suppose to reach back out however after one week, no response. I followed up, again no response.After 33 days Alejandro reaches back out to say “ We still have no answer regarding the possibility of obtaining NIEs for our clients.”In my opinion Alejandro isn’t interested in the small commission from obtaining the NIE. He only wants the big commission from selling a property. This is why he broke the terms and conditions on their application process.My experience with Alejandro has been very poor and disappointing would avoid using him!
Arran Lake
22:20 06 Jun 23
I'm an expat / tech worker from the US and have been in contact Lexidy since I moved to Barcelona roughly a year ago and have to say it's been very convenient having help centralized across tax, immigration, and labor. Want to give a shout out to Monica Lopez, Gabriela Baly, Sara Rinaldi & Sara Fraile for all being very professional / supporting me as things have come up!I've already referred a few friends in that are interested in moving to spain on nomad visas. Gracias por todo!
Blake Yu
12:13 30 May 23
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