POINTS TO BE TAKEN INTO ACCOUNT WHEN CLOSING DOWN THE SPANISH COMPANY ACCOUNTS EACH TAX YEAR

We are now approaching the end of the Tax year 2013 and at our multilingual Spanish accountancy firm in Marbella, Arcos & Lamers Asociados, we believe that it is crucial to review that all  Spanish fiscal and mercantile formalities have been fulfilled correctly by each company.

We take special care of the following general points amongst others – as it depends on the nature of each company:

• Opening Journal Review.
• Conciliation of all bank accounts.
• Balancing of Payroll
• Review quarterly Spanish IVA declarations presented and prepare the year end conciliation.
• Review quarterly Spanish Withholding Tax declarations presented and prepare the year end conciliation.
• Spanish Company Tax – Payments in advanced obligation fulfilled.
• Company Tax – Declared previous year.
• Rental Income received according to contract.
• Current accounts – interest received, bank charges paid and withholding tax retained correctly.
• Loan accounts – Loan interest and Capital accrued.
• Depreciation of all Assets.
• Rates for all Properties fully paid.
• Review of all Title Deeds signed during the Tax period.
• Previous years mercantile formalities fulfilled – Accountancy Books & Annual Accounts registered.
• Spanish Company Tax calculation.
• Closing Journal Review.

If you have a company and need any of our Accountancy services we will be glad to help. Do not hesitate to contact us now for any inquiry.

Sara Duarte Davidson, accountant in Marbella.

Marbella, November 2013