Main Changes To Accounting Procedures for Self Employed from Jan 2018

Working From Home From 1 January 2018 those declaring their taxes using the direct estimation method are able to deduct part of the utilities expenses of a property partially used for their economic activity and also living expenses that directly relate to the economic activity. Article 11 of Law 6/2017 adds letters b) and c), with effect from January 1, 2018, to rule 5 of section 2 of article 30 of Law 35/2006, of November …

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Law Approving Urgent Reforms For Self Employed Workers comes into force

The Law on Self-Employment Measures  intended to make life easier for the self-employed  passed unanimously in Congress and has now passed in the Senate without change. Some measures take effect the day after their publication in the BOE  on the 25 October 2017 while some do not come into force until January 1st 2018. Some of the most welcome measures in the  “Ley de Reformas Urgentes del Trabajo Autónomo” are : Measures for start-ups As from the 1st …

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Buying a Business in Tenerife

If you are NOT thinking of buying a freehold business property, then in general what you are “buying” is what is called here a “Traspaso”. This is a private transfer type of arrangement and what you are paying for is goodwill, stock, fixtures and fittings in the premises (if they are not the property of the premises owner) and also getting the existing business holder to give up the right to what ever is left …

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