According to the RAE, a management office is a “private office that handles the administrative procedures or formalities of individuals, professionals, companies and businesses.”
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We’re going to explain exactly how a management office could help you and the differences between management office and advisory office, two concepts that are often confused.
What procedures does a management office perform?
The most common procedures that a management office performs are the following:
Tax procedures: management of both the presentation and preparation of tax forms, their advice for tax optimization, as well as help with possible requirements from the Tax Agency.
Labor procedures: they handle the necessary procedures for a correct relationship between worker and company. Some examples of this point would be the management of contracts, payrolls, registrations and deregistrations in Social Security, dismissals and settlements…
Commercial procedures: they can help you with the creation of your business and with its management in relation to other companies.
Accounting procedures: they handle your company’s accounting and generate and present your company’s Annual Accounts.
Procedures with Public Administrations: from presenting documentation before requirements, managing fines and sanctions, to processing aid or subsidies.
Is a management office the same as an advisory office?
No, they are not the same, although many times advisory offices assume functions usually assumed by management offices and vice versa.
They mainly differ in that a management office handles the necessary procedures for adequate functioning of a company or self-employed activity and an advisory office provides guidance and attention on tax, administrative, accounting and legal matters.
In summary, a management office handles the performance of tax, accounting, labor tasks… on your behalf or that of your company and an advisory office offers you their knowledge at a more theoretical or strategic level.
Both resources are perfectly compatible, so much so that many advisory offices offer management tasks and many management offices, high-level advice.
We hope this information is very useful to you :)