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Advantages of having legal advice in the tax field

What can a tax professional assist me?

A tax advisor is essential for every company or individual who is not a resident of Spain no matter the scale of business or the tasks to which it is focused or where it is situated.

The tax advisor or tax consultant is a person who helps to reduce costs or to pay less tax to the government. But , it’s more than the above. He also has to educate and guide his clients to take all steps according to the law. This means avoiding unnecessary expenses as well as reducing the tax burdens of legal or natural persons.

A tax advisor is a person who is accountable to ensure that a person or business is up to current with tax obligations in accordance to the law and is up-to-date with current rules and regulations. Furthermore, it is in charge of helping them obtain tax benefits, including taxation of benefits and gains earned from estate planning, investments, tax administration, or business tax planning.

Benefits of getting legal advice regarding tax issues

The legal system becomes more complicated and generally speaking daily life of the individuals and/or businesses that use our tax advisory services are usually complicated and it can be difficult to stay up current with 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 reliable and secure solutions to your customers. How? Comparing, analysing and analyzing the data your client is handling in a way that is tailored to provide sufficient information to reduce tax settlements.

What are the main functions of the tax advisor?

In all jobs, there are numerous functions to be fulfilled by this job. The most popular are:

Stay current in relation to local or regional taxes. Furthermore, you have to inform your customers, resident or not, of the deductions or subsidies allowed by law, thereby optimizing your tax rate for business.
Management and the presentation of all required documents required for the payment the tax due annually and local taxes.
In case of possible 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 medium-term and prepare the resources needed and arranging the various payments that clients is required to make over the next few months.
Be sure to follow-up on tax settlements to ensure that they are processed on the correct time, format and content.
Inform and provide all required information to the customer regarding tax laws, possible sources, subsidies and legal alternatives, taxes and many more aspects.
Provide companies with advice on the most suitable legal framework to conduct their business in line with their requirements and goals.
The creation of legal and economic audits to monitor your accounting.
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.

Responsibilities and obligations of a tax advisor Spain

The tax advisor is a member of either tax or civil authorities,. This means that he’s required to understand the law in detail and understand law in the nation and to possess a certain amount of knowledge in the process of developing his job.

Why is the role of the tax advisor needed?

People who live outside of Spain generally are issued a chip from the country of their destination. This chip ceases to be current in all matters pertaining to the tax payment in Spain Therefore the best method to prevent penalties is to consult a tax consultant

However in the business world, it is a no-brainer to employ a tax consultant. This is linked to the security and confidence of the customers it serves, and is an purpose, along with decreasing the tax burden for the customer, which impacts the operations as long as the goals of the company is a good idea. A company that has no legal issues and that is tax-free is one that projects an image of trust to the publicand shows professionalism as well as security and a positive image.