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What is renn?
Renn provides a comprehensive financial management and tax filing solution specifically designed for self-employed expatriates residing in Spain. The platform leverages artificial intelligence to automate various accounting tasks, assisting users in optimizing their tax situation and potentially saving significant amounts annually. It aims to simplify the complexities of Spanish tax regulations for freelancers and solo entrepreneurs by handling finances from cash flow management to tax filing.
The service streamlines expense tracking through integration with Gmail for automatic fetching and categorization of expenses, and also allows for manual invoice uploads or submission via WhatsApp. Renn focuses on ensuring no potential tax deductions are overlooked and provides clarity on tax liabilities in advance. Tax filings are prepared using the platform's AI capabilities and then reviewed and filed by accountants, ensuring accuracy and compliance while minimizing user effort.
Features
- Automated Expense Fetching: Integrates with Gmail to automatically fetch, categorize, and report expenses.
- AI Invoice Processing: Handles data from manually uploaded invoices or receipts sent via WhatsApp.
- Cash Flow Tracking: Provides tools to monitor income and expenses on autopilot.
- Tax Liability Forecasting: Informs users about their estimated tax obligations to help plan ahead.
- Accountant-Supervised Tax Filing: Automates tax preparation with AI, followed by review and filing by accountants.
- Tax Optimization: Actively works to identify all eligible tax deductions and advises on balancing salary vs. dividends for savings.
Use Cases
- Managing finances and simplifying tax obligations for self-employed expatriates in Spain.
- Automating bookkeeping tasks such as expense tracking and categorization for freelancers.
- Maximizing tax deductions and overall tax savings for solo entrepreneurs in Spain.
- Ensuring accurate and timely tax filing for individuals operating as 'Autonomo' or with an S.L. in Spain.
- Reducing time spent on financial administration for digital businesses run by expats in Spain.
FAQs
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How does renn help your business save on taxes?
renn starts by identifying the best tax setup for your business, taking full advantage of benefits for expats in Spain. Then, its AI automatically tracks and categorizes expenses to ensure no deductions are missed, identifies additional deductible expenses you might qualify for, helps balance salary versus dividends for maximum savings, applies expat tax benefits, and auto-files tax filings with human supervision to avoid errors. -
Will renn save you time?
Yes, renn customers typically reduce their financial administration work from a few hours to a few minutes each month. -
Is renn right for you?
renn is a good match if you are an expat running a digital business in Spain and make €50K+ annually. -
How long does it take to set up with renn?
If you don’t need to set up a business, you can get started today. An Autónomo setup usually takes a few days, and a company setup (S.L.) a few weeks. -
What makes renn different?
renn is the only automated bookkeeping and accounting solution that focuses on helping you save on taxes, making top-tier accounting accessible for everyday businesses, particularly for expats in Spain.
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