Every year around this time we start to tremble at the simple mention of words like VAT, taxes, withholding taxes, deductions… Words that we neither understand nor want to understand, we just hope that this year the Treasury will be generous with our economic situation and the declaration of the rent we get ‘to return’. Something that we […]

The stress of doing the income statement. How to avoid it?

Every year around this time we start to tremble at the simple mention of words like VAT, taxes, withholding taxes, deductions… Words that we neither understand nor want to understand, we just hope that this year the Treasury will be generous with our economic situation and the declaration of the rent we get ‘to return’. Something that we do not have insured given the crisis in which we are immersed, and we know very well who loses out in economic and fiscal matters when things go wrong: the average citizen.

The nerves of the income statement

And if you are lucky enough that the Treasury sends you the draft of your statement and you only have to click on the computer to get your money back, no problem. But if last year your work and family life was not as linear as the bureaucracy expects, get ready to redo declarations and clarifications over and over again.

Because if last year you bought a flat, or moved, or left your rental flat to return to your parents’ house, or changed jobs, or became unemployed in the middle of the year, or got divorced, the declaration of the rent is not going to be easy for you. Nerves and stress begin to arrive on time for your appointment with the Treasury.

The stress generated by collecting all the invoices, promissory notes, contracts and other papers that are not always in their place can paralyze you in such a way that it prevents you from carrying out your daily activities. Insomnia and anxiety are characteristic of this fiscal hustle in which we find ourselves entangled.

How to avoid the stress of doing the income statement?

There is no magic formula to eliminate stress and nerves before the income statement. And it is that there is a feeling of fear of not doing things well and, in the worst case, of having to pay the Treasury that is difficult to handle. But the organization prevails.

Since not all of us have a manager who keeps our papers up to date, we will have to organize ourselves. What we can count on is all those banks that offer to make your income statement, but yes, you have to take into account that you have to provide the documentation.

So you have no choice but to quickly organize this year and learn from the mistake for next year, reserving an annual file with any document that reflects your work, economic, housing or family activities, relevant or not. Just in case. In this way you will have everything at hand so that the Treasury official can decide what documents he needs.

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