8 09 2021

Buying A Property In Italy? What All Should You Know.

2023-04-11T09:24:14+02:00Settembre 8th, 2021|Studio associato Magnaghi Giannotto|

Buying property is never easy, especially when it comes to tax. There are several taxes to be considered that may vary according to the type of property, its condition, and its purpose. Here are the most important ones you should be informed about. 1. Stamp Duty Stamp Duty is a duty or tax that you might have to pay if you buy a residential property or a piece of land in Italy over a certain price. Want to know about ...

17 08 2021

Who Is A Commercialista? And Why Do You Need One?

2023-04-11T09:24:15+02:00Agosto 17th, 2021|Studio associato Magnaghi Giannotto|

Professionals with a Bachelor's degree in Economics and Business (whose full title is dottore commercialista) are individuals recognized by Italian law to have competent knowledge about commercial, economic, financial, tax-related and accounting topics, having previously achieved the proper qualification in the same. A commercialista can be responsible towards individuals, companies or non- profits and is responsible for management and liquidation of assets. For startups, sole proprietors, freelancers or established businesses, a commercialista's job is job is to make sure that ...

16 08 2021

What Is An IRPEF Bonus? And Who Is Eligible?

2023-04-11T09:24:15+02:00Agosto 16th, 2021|Studio associato Magnaghi Giannotto|

An IRPEF Bonus is a personal income tax bonus awarded to fixed employees working in the public or private sectors, falling within a specific income bracket. Introduced by the 2021 Budget Law of Italy as income support for workers with incomes up to 40 thousand euros, the 2021 IRPEF Bonus is a give back contribution in paychecks, up to a maximum of 1200 euros per person during 2021. In order to be eligible, inside each pay slip, should be a ...

12 08 2021

#4 Things To Keep In Mind When Starting Your Business In Italy

2023-04-11T09:24:16+02:00Agosto 12th, 2021|Studio associato Magnaghi Giannotto|

Starting a business in Italy? Here are four essential things to remember to avoid your business going under: 1. Plan your budget: Budgeting is very important when starting up any business. It sets the markers for how much you can spend on each operation at each given time. Of course, these figures do not have to exact. Give yourself some leeway when it comes to your future expenses. In the first year of your business odds are you're going to ...

5 08 2021

Internal vs External Audits: How Are They Different?

2023-04-11T09:24:16+02:00Agosto 5th, 2021|Studio associato Magnaghi Giannotto|

Internal and external audits work hand-in-hand. Their functions are complementary to one another and therefore when being carried need to be worked on together, even though their purposes and areas of focus differ. Internal audits take an all-encompassing view of their organization's governance, risk, and control systems (in other words, primarily non-financial information), which is useful for the company to use internally. On the other hand external audits are either concerned with the accuracy of business accounts and the organization's ...

5 08 2021

Tax advisors, accountants, auditors, and lawyers in Milan

2023-04-11T09:24:16+02:00Agosto 5th, 2021|Studio associato Magnaghi Giannotto|

Let’s start with the basics, who is a tax advisor, accountant, auditor, and tax lawyer? All of the above are financial experts with advanced training and knowledge of tax accounting, auditing and tax law. A tax advisor may also be known as a tax consultant. Tax advisors in Italy are usually retained over a period of time in order to correctly identify the taxes payable while remaining compliant with the law in complicated financial situations of the country. Tax advisors ...

5 07 2021

Partita IVA: All You Need To Know

2023-04-11T09:24:17+02:00Luglio 5th, 2021|Studio associato Magnaghi Giannotto|

"IVA" is short for "imposta sul valore aggiunto" meaning value added tax (VAT). If you wish to reside in Italy as a freelancer or a sole proprietor and to practice an independent activity or profession (such as an independent artist, consultant, author, etc.) you will have to invoice your clients for the service you provide and for that you will need a ‘Partita IVA’. How to apply? Applying for a Partita IVA can sometimes be quite a complicated process if ...

13 06 2021

When Should You Hire A Tax Advisor?

2023-04-11T09:24:17+02:00Giugno 13th, 2021|Studio associato Magnaghi Giannotto|

It’s that time of year again, the month of June, when the previous accounting year is at an end and taxes need to be paid. If you’re a foreigner or a local living in the European Union, and you’re wondering when should you hire a tax professional, the answer is: NOW! But let's be honest: Not everyone has time to learn, research and be a financial expert. If you would rather have your tax returns executed on time and in ...

2 06 2021

5 Reasons your Financial Advisor Should Help You With Your Tax Return

2023-04-11T09:24:18+02:00Giugno 2nd, 2021|Studio associato Magnaghi Giannotto|

Taxes are one of the most complicated algorithms on the planet. Why? Because not each of our tax plans are ever the same. There could always be that little something that you’re missing out or completely neglecting, that can pull down your net income. It’s impossible to build long-term growth and wealth without paying attention to your taxes. Tax returns and refunds, done the correct way can help you become more tax efficient. If you’re doing your taxes alone then ...

24 05 2021

Compensazione delle cartelle per i creditori della P.A. anche nel 2021

2023-04-11T09:24:18+02:00Maggio 24th, 2021|Studio associato Magnaghi Giannotto|

Anche nel 2021 le imprese e i lavoratori autonomi che vantano crediti commerciali e professionali nei confronti della Pubblica Amministrazione possono compensarli con le somme dovute a seguito di iscrizione a ruolo. La novità è prevista dal nuovo comma 17-bis dell’art. 1 del DL 41/2021 (c.d. “Sostegni”), inserito in sede di conversione nella L. 69/2021, pubblicata sulla Gazzetta Ufficiale del 21 maggio scorso.

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