Samuel Cristobal

📈 Digital time tracking became mandatory for businesses and self-employed individuals with workers in 2019, enforced by a new law eliminating paper-based and alterable digital methods. The legislation now requires a single digital system accessible in real-time for all types of workers, including remote and hybrid, to be stored for 4 years and open to workers, unions, and inspections. Expected to be in force by the summer of 2025 or early 2026, companies have a maximum of 6 months to comply. The Zucchetti HR solution complies with this mandate, integrating time tracking with HR management.

💸 Published on May 5, 2025, Zucchetti Spain offers insight into AEAT's tax model 131 for autonomous individuals under the objective estimation regime, with income caps at 250,000 euros. Model 131, differing from model 130 for direct estimation, allows quarterly IRPF payments preventing a lump sum at year-end. Key deadlines for submission include April 1-20 (Q1), July 1-20 (Q2), October 1-20 (Q3), and January 1-30 (Q4). Filing is done online using Cl@ve or digital certificates, and errors can be avoided using specialized fiscal management software.

💼 In Spain, as of June 2023, workers are entitled to 8 weeks of parental leave to care for a child or foster child under eight years old, with four weeks being paid since August 2024. The leave is distinct from maternity/paternity leave, which lasts 19 weeks, and must be requested 10 days in advance. It can be taken continuously or intermittently but only once per child. Both employed and self-employed workers are eligible, with each parent entitled to their own 8-week period. Employers must adjust work distribution and may need to hire temporary replacements.

💸 On April 30, 2025, the article explains that the indirect estimation method is a subsidiary method used to determine the taxable base when the direct estimation or objective estimation methods are not applicable, as regulated in Article 53 of the General Tax Law (LGT). This method is imposed by the tax administration in cases of inaccurate or incomplete tax declarations, refusal to cooperate with inspectors, non-compliance with accounting obligations, or loss of accounting records due to force majeure. It relies on available data, sector standards, and other indicators like electricity consumption to calculate the tax base. Indirect estimation often occurs during tax inspections and is communicated formally, with an opportunity for the taxpayer to present objections before the definitive tax assessment is issued. Using an ERP for fiscal management is advised to help companies comply with tax regulations and optimize fiscal management.

💰 Factoring vs. confirming: two financial tools aiding business liquidity management; factoring sells invoices for immediate cash and reduced default risk, while confirming advances payment to suppliers via financial entities. Factoring may or may not transfer default risk, depending on recourse or non-recourse agreements. Confirming improves supplier relations but doesn't provide immediate funds to the company; it offers better payment conditions and flexibility without capital depletion. Both services include fees and interests, impacting cash flow and cost responsibility. Effective management requires fiscal management software or ERP systems to accurately reflect these transactions in accounting.