Tax Consultancy vs. Accounting Consultancy in Malaga: Which one does your company need today?
When it comes to keeping a company’s economic and legal obligations in order, many entrepreneurs wonder whether they need a tax consultancy or an accounting consultancy. Although the two services are closely related, their functions and objectives are different, and making the right choice can make the difference between efficient management and one full of mishaps.
In Tecem Abogados, a law firm located in Malaga with more than 30 years of experience, we offer both services in a comprehensive manner. In this post we explain in detail their differences, when you need one, when you need the other, and why more and more companies are opting for a joint consultancy.
What is tax consulting?
The purpose of tax consulting is to help you meet your tax obligations. A tax advisor takes care of tax planning and optimization, filing tax returns and keeping the company up to date with current regulations.
Main functions:
- Presentation of VAT (form 303, 390) and Personal Income Tax (forms 111, 130, 190).
- Corporate Income Tax Corporate Income Tax Returns.
- Tax planning to pay the right amount, no more and no less.
- Representation before the Tax Agency in inspections or requirements.
What is accounting consulting?
Accounting consulting focuses on the recording, control and analysis of a company’s economic movements. The accountant keeps the accounting books up to date, analyzes the financial statements and provides a clear view of the economic situation.
Main functions:
- Preparation of mandatory accounting books.
- Recording of income and expenses.
- Preparation of balance sheets and income statements.
- Financial analysis for decision making.
Comparison: how do they differ?
| Aspect | Tax Advisory | Accounting Advisory |
|---|---|---|
| Objective | Tax compliance and fiscal optimization | Financial control and economic record |
| Services | Statements, planning, inspections | Accounting books, balance sheets, reports |
| Main benefit | Avoid penalties and optimize taxes | Know the real status of the business |
| Most common public | Self-employed, companies, partnerships | Any company or self-employed with income and expenses |
Which one does your company need?
The answer is clear: both. Both tax and accounting advice are key pieces in the management of any business. In fact, proper accounting management is the basis for effective tax planning.
For example:
- If your bookkeeping is poorly organized, your tax return will be incorrect.
- If you file your taxes incorrectly, you could receive penalties even if your accounting is impeccable.
For this reason, at Tecem Abogados we offer a combined service, in which accountants and tax advisors work together to guarantee a comprehensive management.
Advantages of relying on a comprehensive advisory service such as Tecem Abogados
- Efficient coordination: You avoid errors due to lack of communication between different consultancies.
- Time saving: One single contact for everything you need.
- Full compliance: Our experts know the tax and accounting laws in detail.
- Personalized service: We adapt our advice to your type of activity (self-employed, SME, community of owners…).
- Advanced technology: Automation of accounting processes and tax returns through secure platforms.
Tecem, the advantage
In Tecem we pride ourselves in giving the most adapted attention to our clients as possible, trying to give the solution that best fits their needs, helping in all the steps and steps that need to be done to achieve the desired result.
Don’t choose between tax or accounting, choose wisely
If you are looking for a tax or accounting consultancy in Malaga, make sure you don’t fall short. Both services complement each other, and at Tecem Abogados we offer you the peace of mind of having everything under control, from monthly accounting to the most complex declarations.
Are you self-employed, an SME or a company?
Do you want to leave fiscal mistakes behind and improve the financial health of your business?
Visit our website to make the right choice.