Entrepreneurs 10 advantages 4 disadvantages coworking spaces - The beginnings of any business are usually hard, even for those who today own large companies. Entrepreneurs often run into a lack of resources that affects, for example, where they work: certain rents can ruin many business budgets in a matter of months.

Hence, among other reasons, collaborative work spaces have emerged that can be a way for the potential entrepreneur to achieve considerable savings. In addition to this aspect, there are other pros in the use of these places for collective use.

Entrepreneurs 10 advantages 4 disadvantages coworking spaces

Without leaving aside the issue of savings, among the positive points of sharing work spaces are those listed below.

Entrepreneurs 10 advantages 4 disadvantages coworking spaces  - ADVANTAGES

1. Flexibility of use and schedules: flat rates, half day, single days, etc.
2. Company. Entrepreneurship is exciting, but it can also be difficult. For that reason, being around people who have been through the same thing as you and who know how to give you a different view of problems can be helpful.
3. Contact. By sharing space on a daily basis with other entrepreneurs, whether they operate in your industry or elsewhere, your agenda is likely to gain names.
4. Promote your activity. Being surrounded by professionals from all fields, you have the opportunity to interact with them and make your work known. You will not only show your business to your colleagues, but also to their contacts.
5. Synergy. As derived from the previous section, there is the possibility that you will find office colleagues with whom to create common projects that benefit both of you and in which each one contributes a part.
6. Inspiration. In addition to feeling sheltered and accompanied by people with common interests, keep in mind that your colleagues are also entrepreneurs, in many cases, with a lot of ideas and big projects to develop. It should be remembered that 7 out of 10 see coworking spaces as the ideal place to meet other entrepreneurs, share ideas and network, according to a study published by Regus collected by Infoempleo.
7. Training. One of the main characteristics of coworking spaces is that they are in continuous movement. For this reason, most of them have a training program that includes courses and workshops designed by and for entrepreneurs.
8. Boost your creativity. Again, by being in contact with people who are engaged in activities other than your own, you can approach your work from different perspectives.
9. Complementary services. In principle, if you hire a job, you are hiring a table (fixed or flexible), but these spaces are usually equipped with other services that will be very useful in your day to day: meeting rooms, fiber optics, etc.
10. Beyond these positive points, do not forget that there are several factors that are decisive to choose your coworking space and that should be taken into account.

Although the advantages are greater, you must also keep in mind that working in a coworking space can have its difficulties. So they are not all advantages in this mode, since there are also disadvantages, although they are less than the first.

Entrepreneurs 10 advantages 4 disadvantages coworking spaces  - DISADVANTAGES

1. Limited privacy. Sharing your workspace, obviously, cuts your privacy because offices are not exclusively used by you or others. You have to learn to work with those colleagues, who can listen to your phone conversations and be present when you receive visitors.
2. Loss of control. Coworking spaces usually work very well, but it is impossible to control everything that happens in them. Therefore, if you plan a meeting or appointments with a client on site, you should anticipate possible problems: opening and closing times, occupancy status of meeting rooms, events planned for that day, etc.
3. Distraction. Being around other people has its advantages, but it can also be an element that leads you to lose concentration.
4. Schedule. This point can be interpreted as positive or negative depending on the flexibility offered by each space. If the hours are limited, you will have to adapt to it; if it is open 24 hours a day, with total availability, as happens in many coworking sites, it will be an advantage.

Entrepreneurs 10 advantages 4 disadvantages coworking spaces

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This is how the new law against tax fraud can affect you: limits on cash payment, controls on cryptocurrencies, inspections and new requirements for sicavs

This Tuesday, after a long delay in its parliamentary processing, the Congress of Deputies will give the green light to the Law on Measures to Prevent and Combat Tax Fraud, which will have the votes of the 2 parties of the governing coalition and the support of almost the entire hemicycle, with the exception of the extreme right. With this vote, the rule will be at the expense of its final approval in the Senate.

Despite the almost unanimous support, the measure builds up 7 months late since its approval by the Council of Ministers as the draft law, although the rules will be approved almost 3 years after the Government —then the PSOE ruled in minority after the motion of censure with which Pedro Sánchez replaced Mariano Rajoy as president— announced in July 2018 that it was working on this legislation.

Maria Jesus Montero, who was by then Finance minister, said in his first appearance that would lead to the Congress "in the coming weeks," a new law on prevention and fight against tax fraud to pursue large fraudsters, promising to include the prohibition of amnesties, tax or modify the list of defaulters to the Treasury. However, the rule has been made to wait finally 2 and 10 months and will be approved 2 legislatures after having been initially announced.

However, despite the wait, most of the measures proposed during the beginning of the elaboration of the new law against tax fraud have remained in their articulations and have survived the negotiations and the phase of presentation of amendments in Parliament, in which PP, PNV and PDeCAT, in addition to the PSOE, have included new aspects of the new fraud prevention regulations.

Thus, these are the main measures included in the Law on Measures to Prevent and Combat Tax Fraud that will be approved on Tuesday and that can affect companies, freelancers, individuals and investors.

One of the most striking measures with the greatest social impact within the new law is the establishment of new limits for the use of cash to combat the underground economy, which each year subtracts 270,000 million euros from the State coffers.

In principle, the rule reduces from 2,500 to 1,000 euros the cash payments for entrepreneurs and self-employed, while maintaining at 2,500 euros the cap for individuals, although the Government has not ruled out reducing this limit in the future to facilitate the gradual elimination of cash payments in Spain. On the other hand, the limit for individuals with tax domicile outside Spain also drops from 15,000 to 10,000 euros.

In 2019, the Government announced that the Tax Agency would intensify control over fintech and business accounting technology solutions, noting the need to restrict the use of tools that facilitate accounting fraud, especially in VAT collection.

Thus, the law prohibits the use of so-called dual-use software that some companies use to hide a second parallel accounting and therefore declare less income and pay less taxes and requires that computer systems used in business accounting have a certification from the Ministry of Finance.

As a way to encourage voluntary compliance with the tax obligations of taxpayers, the law includes moderating penalties for taxpayers who submit their income tax, VAT or Corporate tax returns after the deadline provided that they have not received a request from the Tax Agency. In this way, the surcharge is increased from 5% to 1%, to which a further 1% is added for each month of delay in the submission of the required declaration.

Another of the most publicized within the law's anti-fraud is the prohibition of new amnesties tax as enacted in 2012, which was declared unconstitutional by the Spanish courts in 2017, although no retroactivity with regard to the fortunes enjoying this regularization express.

In addition to the commitment not to regularize tax evaders again, the new law will include updating the list of tax havens in order to emerge offshore networks of tax evasion, a measure proposed by Unidas Podemos and that could serve to return Andorra to be considered as a tax haven a decade later, according to Público.

Until the approval of the new law against tax fraud, the minimum debt to be included in the list of major defaulters published annually by the Tax Agency was 1 million euros, which will be reduced from now on to 600,000 euros, as a way to favor the payment of these debts, in addition to including those responsible for solidarity in the list.

With regard to cryptocurrencies, since 2018 the Treasury has been analyzing the information on transactions with these types of assets to study their flows, their taxation and the origin of the funds with which these virtual currencies are traded. With the new law, taxpayers who have cryptocurrencies will have to report their accounts and their balances, both in Spain and abroad.

In tax matters, the anti-fraud law will include few new developments, which also focus on the conditions to access specially protected regimes, such as that of listed real estate investment companies or socimis, to which the new rule imposes the obligation to pay 15% in taxes on undistributed profits that come from income that has not been included in the taxation of Corporate tax.

In the same line as the previous measure, to investment companies in variable capital or sicav new requirements are applied within the new law, consisting of a minimum investment of 2,500 euros, or 12,500 euros for a sicav by compartments, to account for a share within the company, since they require 100 participants at least to enjoy the exemption of 99% of Corporate tax, according to Europa Press.

In addition, companies that are dissolved by this legal change will have a transitional regime of 6 months in which they will be exempt from taxes, including the Tobin rate, as long as they reinvest their assets.

Finally, the new anti-fraud law offers new powers to tax inspectors regarding the judicial authorizations they must request before registering a taxpayer's address, which will be expedited while maintaining judicial guarantees. With this measure, the Executive seeks to break the downward trend in the investigation of tax crimes, which the union of technicians of the Ministry of Finance, Gestha, has denounced has been reduced by 85% in the last 10 years.

Similarly, the rule originally included the reinforcement of the staff of the Tax Agency and the creation of a higher body of Treasury technicians. It is still unknown whether they will be part of the new law.