With the June tax filing frenzy behind us, we’re entering the busiest month for corporate accounting. July 20th is the deadline for most Q2 obligations, but the second quarter closing shouldn’t be a simple formality of filing tax returns. It’s the perfect time to conduct a control audit to assess how the first half of the year has gone and make course corrections before the final closing. 🔍

At Ruiz & Associates, we believe that excellence in management isn’t demonstrated in December, but now. A thorough analysis in July allows us to optimize cash flow and ensure we’re ready for summer with our tax obligations in order.

⚖️ Q2 models: Much more than VAT and withholdings

During this closing of the second quarter, the usual models take on special importance as they are the cumulative figure for the halfway point of the year:

• Form 303 (VAT): Essential to review the traceability of input taxes. In 2026, with the mandatory electronic invoice already integrated, the AEAT has almost all the information before us. 🛡️
• Form 111 and 115: Review of withholdings for workers, professionals and rents. Any discrepancy here is a red flag for the Tax Agency’s algorithms.
• Form 202: The second instalment payment of Corporation Tax. A correct forecast here is vital for your company’s liquidity in the second half of the year.

💼 The importance of the review of the “Equator of the Year” (H1)

A thorough second-quarter closing allows you to detect budget deviations. Have your expenses grown more than anticipated? Are your R&D investments yielding the expected tax benefits? 💹

Take this opportunity to verify that your invoicing system complies with the legal security requirements we’ve discussed in previous weeks. The complete digitalization by 2026 leaves no room for significant errors in numbering or data reporting through Verifactu.

You can check the specific deadlines for this quarter in the AEAT’s 2026 Taxpayer Calendar.

🤖 Technology and risk control in Q2

Integrating tools like Holded or ContaSol makes second-quarter closing easier and more automated, but human oversight remains the key differentiator. The software detects the figure, but the expert consultant identifies savings opportunities or hidden risks. ✅

In 2026, data cross-referencing is constant. If your July models don’t match the invoices issued in the electronic invoicing system, the risk of receiving a notification in August is real. Prevention is the best investment.

🏢 Ruiz & Asociados: Your peace of mind during the summer

At Ruiz & Associates, we’ve spent over 30 years transforming tax compliance into a competitive advantage. The second-quarter close is the filter that separates companies that merely survive from those that grow with a solid tax strategy. 🤝

Our technical team audits each of your tax returns before July 20th, ensuring your company takes full advantage of available benefits and minimizing the risk of audits. We want you to focus on your holidays and expansion plans for the rest of 2026, knowing your tax needs are in professional hands.

Need a professional review of your July taxes? At Ruiz & Associates, we prepare your company for success. Contact us today and ensure a flawless end to the quarter. 🚀