Filing a withholding incorrectly...
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At Asesoría Orihuela Costa we manage all your tax obligations comprehensively and continuously. Switch your advisory firm today.
Withholdings and tax forms for companies and SMEs
Withholdings and payments on account are a periodic obligation that affects all companies with employees, contracted professionals or leases. Calculating them incorrectly, applying the wrong rate or filing them after the deadline generates surcharges and interest that accumulate year after year.
At Asesoría Orihuela Costa we manage all your company’s withholdings and tax forms within a continuous tax advisory service: Modelo 111, 115, 123, 180, 190 and all those that apply according to your activity, coordinated with your accounting and with the rest of your tax obligations.
We serve companies and SMEs in Orihuela Costa, Torrevieja, Pilar de la Horadada and the whole Costa Blanca, both in person and online, in Spanish, English and French.
What is a withholding and why does it affect your company?
A withholding is not just another tax. It is a mechanism by which the Tax Office requires the payer to withhold part of the money it must hand over to the payee and pay it directly to the Tax Agency. In practice, your company acts as a tax collector for the Tax Office every time it pays a payroll, a professional’s invoice or a rent.
If you do not withhold when you should, if you apply the wrong rate or if you file the form after the deadline, the penalty falls on your company, not on the one being paid. That is why correct management of withholdings is not optional: it is an obligation that has direct consequences on your cash flow and on your relationship with the Tax Office.
Types of withholdings
Withholdings on employment income
Modelo 111 records the withholdings applied to employees and professionals. It is filed quarterly and requires a correct calculation of the rate applicable to each recipient.
Withholdings on rentals
If your company pays a lease for premises or an office, it is required to apply a 19% withholding and pay it quarterly using Modelo 115.
Withholdings on movable capital and others
Dividends, interest, loans between partners and certain income also create an obligation to withhold and report through Modelo 123 and the annual summary Modelo 193.
Annual summaries and informative returns
Each type of withholding has its annual summary: Modelo 190, 180, 193. They are mandatory and must match exactly the quarterly self-assessments filed during the year.
Tax management for companies in Orihuela Costa
How do we manage your withholdings?
We calculate and file all your withholdings within a complete tax advisory service for companies. Nothing is managed in isolation: each quarterly form matches your accounting, your payrolls and the rest of your tax obligations.
What the management of withholdings includes in our service
- Quarterly filing of Modelo 111, 115 and 123
- Annual summaries: Modelo 190, 180 and 193
- Calculation of the withholding rate applicable to each employee and professional
- Coordination with payrolls, accounting and the rest of the tax forms
- Defense against Tax Office requests
- Online platform to consult your returns at any time
More than 20 years managing withholdings and tax forms for companies
We file all your forms on time, coordinated with your accounting and with all your business taxation.
Who is this service for?
Withholding management for companies that want to comply without errors
Withholdings affect any company that has employees, hires self-employed professionals or pays rent for premises. Size and sector do not matter: if your company makes payments subject to withholding, it has periodic obligations to the Tax Office that admit no delay.
At Asesoría Orihuela Costa we manage these obligations within a complete tax advisory service for companies, coordinating each quarterly form with your accounting, your payrolls and the rest of your taxation.
If your company has employees, each payroll generates an obligation to withhold and pay the corresponding personal income tax (IRPF) using Modelo 111. We manage the calculation of each employee’s withholding rate, the variations due to personal or salary changes and the quarterly filing and annual summary Modelo 190, all coordinated with your social security contributions and contracts.
Withholdings on professionals’ invoices, rentals and capital income are part of your quarterly taxation. We manage Modelo 115, 123, 180 and 193 within your complete tax return, making sure that each withholding applied matches your accounting and the rest of the forms filed with the AEAT.
Limited companies have specific withholding obligations that go beyond payrolls: withholdings on directors, related-party transactions, dividends and loans between partners. We manage all these situations within the complete tax management of your company, avoiding inconsistencies that could lead to Tax Office requests.
If you are self-employed and have employees under your responsibility, you are also required to apply withholdings and pay them using Modelo 111. We manage your employment withholdings coordinated with your quarterly VAT and personal income tax (IRPF) returns, within a complete service for self-employed people with staff.
If your company pays a lease for premises, an office or an industrial warehouse, it is required to withhold 19% and pay it quarterly using Modelo 115 and the annual summary Modelo 180. An error in this withholding can generate penalties for both the tenant and the landlord.
When your company hires a self-employed professional who issues an invoice with withholding, you are required to pay it to the Tax Office using Modelo 111. We manage the control of all invoices received with withholding so that none goes unreported and everything matches your accounting.
Why managing your withholdings with a comprehensive advisory firm makes the difference
When withholdings are managed by the same team that handles your accounting and your payrolls, errors are eliminated before they happen. Each form matches the next because all the information comes from the same source.
A withholding that is incorrectly calculated or filed after the deadline does not only generate a one-off surcharge. It can trigger a review of previous years that affects your entire taxation. Coordinated management is the only way to avoid it with guarantees.
Withholdings are only one part of what we manage for your company
- At Asesoría Orihuela Costa we manage all your tax, labor and accounting obligations within a coordinated and continuous service.
- You will have a personal manager who knows your company and anticipates your obligations before the deadlines arrive.
- We make sure that no form is filed incorrectly or after the deadline, avoiding unnecessary penalties and surcharges.
- We explain to you at all times what we file and why, so that you understand your real tax situation.
- If the Tax Office sends you a request, we defend you.
- Our experience of more than 20 years and our digital tools allow you to save time and money.
Does your company still manage its withholdings without a comprehensive advisory firm?
Switch to a complete and coordinated service. We take care of everything from day one.