{"id":62685,"date":"2025-05-15T11:49:13","date_gmt":"2025-05-15T11:49:13","guid":{"rendered":"https:\/\/emprendix.com\/?p=62685"},"modified":"2025-05-15T11:54:20","modified_gmt":"2025-05-15T11:54:20","slug":"tips-for-new-freelancers","status":"publish","type":"post","link":"https:\/\/emprendix.com\/en\/tips-for-new-freelancers\/","title":{"rendered":"Tips for new freelancers"},"content":{"rendered":"

Starting a business as a freelancer is an exciting challenge, but it also means dealing with paperwork, procedures, and decisions that can feel overwhelming at first. From our tax consultancy in Palma de Mallorca<\/a>, we help dozens of new freelancers every year take their first steps with confidence. If you\u2019re thinking about registering as self-employed in Palma de Mallorca<\/a>, these key tips will help you start your activity safely and smoothly.<\/p>\n

1. Get informed and plan your registration as a freelancer<\/h2>\n

Before starting, it’s essential to correctly complete the initial registration steps. You must register with the Tax Office (form 036 or 037) and with Social Security (form TA.0521). Additionally, some activities require local licenses or sector-specific registrations. Proper planning helps avoid mistakes, delays, and penalties.<\/p>\n

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2. Take advantage of the flat-rate contribution<\/h2>\n

If you register as self-employed for the first time, you can benefit from the flat-rate plan: you\u2019ll only pay \u20ac80 per month to Social Security for the first two years. This is a great way to reduce initial costs.<\/p>\n

3. Understand your tax and accounting obligations<\/h2>\n

As a freelancer, you must submit quarterly and annual tax returns (VAT, income tax, and others depending on your activity). It’s important to know which forms to file and when. Keeping your accounting in order and saving all invoices and receipts is key to avoiding fines and issues with the Tax Office.<\/p>\n

4. Choose a dedicated business bank account<\/h2>\n

Using a specific bank account for your activity helps separate personal and business finances. Many banks offer accounts for freelancers with no fees and perks like free cards or bonuses for direct debits.<\/p>\n

5. Freelancer or company? Assess your options<\/h2>\n

Depending on your income, type of business, and level of responsibility, it might be more beneficial to create a Limited Company (SL). A professional advisor can help you choose the best option from the beginning.<\/p>\n

6. Surround yourself with professionals<\/h2>\n

Working with a consultancy specialized in freelancers allows you to focus on your business while experts handle the tax, accounting, and labor aspects. Besides avoiding mistakes, you’ll have support for any legal updates or specific needs.<\/p>\n

7. Stay up to date with legal changes<\/h2>\n

Tax and labor regulations change frequently. A good advisor will keep you informed about anything that might affect your activity, from contribution updates to new aid or deductions.<\/p>\n

8. Take care of your social protection<\/h2>\n

Social Security covers the basics, but as a freelancer, you can enhance your protection with private insurance (sick leave, accidents, retirement, etc.). It\u2019s advisable to explore your options and choose the coverage that best suits your profile.<\/p>\n

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Common Mistakes You Should Avoid<\/h2>\n

New freelancers often make mistakes that can result in fines or financial losses. These are the most common:<\/p>\n