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Xolo is a fully-integrated digital solution which brings together all the features needed to set up and run your freelance business in Spain.
Xolo provides you with:
If you are a resident of Spain and want to set up and run a freelance business, then Xolo is a perfect fit for you! More specifically, Xolo is a great solution if...
If all of the above criteria are not met, dont worry — youre still eligible to use our Xolo Global solutions
Nope, not just yet!
For now, we only offer service to customers who plan to operate a freelance business and provide professional services e.g. software developers, IT experts, business consultants, marketing & sales gurus, designers, translators, etc.
We don't (yet) support businesses involved in the buying and selling of physical goods, including dropshipping and Amazon FBAs. We also can't support business activities which require an activity license in Spain. Xolo is also unable to provide support for businesses dealing with cryptocurrencies.
In Xolo self service, you’ll be able to create invoices, upload expense documents, and review the status of your business activities and reported taxes. These features are not just important for helping you to run your business more effectively, but it's also necessary for us, your Xolo team, to assist you through every step of the process.
The information you upload (or alternatively, choose not to upload) is directly tied to the tax reporting of your business. For example, if you don’t upload all your business-related expense documents, we won’t be able to file your taxes for you.
For this reason, it’s crucial that you submit all your financial data to us — via your Xolo self-service — in a timely manner. Xolo has promised to take care of your taxes and compliance, but we can only do this if you do your part, too — by uploading your expense documents regularly and creating invoices exclusively through our platform!
When you operate your freelance business using Xolo's platform, we make sure you get the taxes right and we collect the input for all your Spanish tax reporting obligations seamlessly in the background. In other words, you don't have to be an expert in taxes nor do you have to spend your valuable time and energy compiling tax reports yourself — instead, you can leave it in our capable hands.
For example, if you use Xolo's invoicing tool to issue your sales invoices, our system calculates and applies the correct VAT and IRPF taxes automatically based on your input in regards to the clients and the specific project terms. Similarly, if you buy something business-related and submit the purchase invoice via your Xolo email or self-service, we process the invoice and automatically detect whether the vendor has included the correct taxes on the invoice, and then record them accordingly on your account.
When the tax reporting period (quarter/year) is over, we take into account all your recorded business transactions (both revenues and expenses) in addition to past tax reports, and determine which tax reports are applicable to you at the time. We then compile the required tax reports ourselves and submit them on your behalf when they're due.
Your job is to provide sufficient input (sales invoices, expense docs, further details) for us in a timely manner, and make sure your bank account has sufficient funds to cover the tax payments when they come due.