I was reading a blo article in the past days and my attention is been captured by a Title “SEASON OF TAXES IS UPON US” and it is absolutely true.
In Italy the month dedicated to taxes is May -yep the same of weddings and roses- so to be prepared and not so stressed is better have a very well organized folder- this will helps also your accountant-
But there are some things that is important to know, if you have a job where your salary is based on commission (Avon, insurances & Co) in every contract is wrote that you cannot earn more than €5000 or you would must to open your VAT and this means several costs that are different if you are under or over 35.
Infact if you are undder 35 you can use Easy VAT (PARTITA IVA with REGIMI SEMPLICI )that means you will pay a 5% “forfait” of your entire income and stop, while if you are over 35 the story is a little bit different, infact you must to consider:
Accountant- €50 per month and yes also if you are very good with numbers and your personal finance is better hire for professional help
Empam and Inps: yep also if you are working for a company with Partita Iva you are a sort of boss of your self so you must think about your contributors on the board for your retirement, yep you must to pay for it because with VAT society hasn't cost.
MODELLO UNICO, usually this is used when your earning are over €2500 and remember you must to fill it before its deadline (30 September),
V.A.T. (I.V:A). Every 3 months and its cost depend from the field your working, but I still remember my first experience inside Real Estate agency when owner-boss said that opening Partita Iva means pay each year €2300-2400 in taxes...maybe is also for this reason that most prefer to be employed that semf employed.
Some years ago I was changing works quiet often, most were determinated time contract other a little bit longer but in the period of taxes I had CUD (model where is wrote your annual income with that agency/work)-from 3 agencies and my contract was that occasional type each time, but having 2 cud you absolutely DOES taxes forms, you can skip it only if you earned less of €2500, I still remember that I divided into envelopes: medical bills, charity donation and I went to my cousin accountant that helps me. Honestly I kept him because is very gentle and well prepared. Plus his prices are very affordable and for someone that is always on a budget is a great thing:P
However you would control your finances every few days so you can say if your budget is working well and you can be prepared for unexpected bills, I am not saying that be a good accountant of yourself would be easy but also if you will hate it at the beginning, later you will love see number grew up into your account. But please be organixed, use different coloured folder so you know exactly where there are medical bills, charity, everything you need.
Most time when me and friends talk about work and crisis, talk about the opportunity to became our boss and be self employed but honestly so many costs scared alls, but maybe a day who knows I will find the courage.