Monthly Bookkeeping and Accounting
Deadlines in Italian. Invoice formats you have never seen. Tax codes that change every year. If you are running a business in Italy as an expat, staying compliant month to month is a second job you never signed up for.
We take that job off your desk. Every month. And when you are ready for deeper visibility, our monthly financial reports give you real-time clarity on margins, cashflow, and upcoming obligations.
[email protected]What is included
We reconcile every bank transaction against your invoices and receipts. No year-end scrambles. Your books are current by mid-month, so that you always know where your money went and where it stands.
We process your electronic invoices through the Sistema di Interscambio, ensuring every fattura is correctly formatted and filed, so that you stay compliant without touching the SDI system yourself.
IVA (VAT) filings, F24 payments, INPS contributions. We track every deadline and handle submissions on time, so that you never face a late-filing penalty or an unexpected Agenzia delle Entrate notice. For annual returns and more complex obligations, see our dedicated Italian tax filing and compliance service.
Regime forfettario thresholds, IVA obligations, regulatory changes. We monitor your compliance status and alert you to anything that needs attention. Want to see where your books stand right now? Try our free bookkeeping health scorecard.
A clear, plain-English summary of what was filed, what is coming up, and whether anything needs your attention. No jargon. No surprises.
Questions come up. We answer them in English, without per-question billing. Your flat monthly fee covers the conversation.
Pricing
One fee, every month. No per-question billing. No surprise invoices at year end.
All prices exclude applicable taxes. Final pricing depends on transaction volume and business complexity. All plans are month-to-month with no lock-in. Book a call for a personalised quote.
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TMG Books has helped my Airbnb short rental business thrive. From not having any finance visibility on weekly and monthly cashflow, we are now thriving, with a very healthy business financially! I highly recommend the TMG Books accounting & bookkeeping service, the team is outstanding.
Team of accountants and much more in the world of management finance for small businesses, proactive and attentive to every detail, I highly recommend!
Frequently asked questions
Fattura elettronica is Italy's mandatory electronic invoicing system. All invoices between businesses (B2B) and from businesses to consumers (B2C) in Italy must be issued in a structured XML format and transmitted through the Sistema di Interscambio (SDI), operated by the Agenzia delle Entrate. Your accountant sets up the invoicing system, ensures each invoice is correctly formatted, and files it through the SDI on your behalf.
Under the Regime Forfettario, bookkeeping obligations are simplified: you are not required to maintain double-entry accounts, charge IVA (VAT), or file periodic IVA returns. Under the Regime Ordinario, full double-entry bookkeeping is required, along with periodic IVA filings and more detailed financial record-keeping. The regime that applies to you depends on your revenue, business structure, and other qualifying criteria. Your accountant assesses which regime is appropriate and handles the corresponding obligations.
Businesses on the Regime Ordinario are generally required to file periodic IVA (VAT) declarations, typically on a quarterly basis, as well as an annual IVA return. The exact filing frequency can depend on your annual revenue and the nature of your business. Those on the Regime Forfettario are exempt from IVA filings. Your accountant manages the IVA calendar and submits all filings on time.
INPS (Istituto Nazionale della Previdenza Sociale) contributions are Italy's mandatory social security payments. The amount depends on your business structure, income level, and the INPS scheme you fall under (for example, Gestione Separata for certain freelancers, or Gestione Artigiani e Commercianti for traders). Contributions are typically paid quarterly via F24. Your accountant calculates the correct amount and handles the payments.
Missing a tax deadline in Italy can result in penalties and interest charges. The severity depends on the type of filing, the length of the delay, and whether it is a first offence. Italy has a system called ravvedimento operoso that allows taxpayers to regularise late payments or filings at reduced penalty rates, provided this is done within specified time limits. Your accountant monitors all deadlines and, in the event of an issue, can advise on the appropriate course of action.
Technically, there is no legal prohibition on maintaining your own records. However, certain obligations in Italy, including the filing of tax returns and the handling of electronic invoicing through the SDI, require a level of technical knowledge and access to professional tools that most business owners do not have. Additionally, a registered Dottore Commercialista is required to sign and submit your annual tax return (Dichiarazione dei Redditi). In practice, most businesses in Italy work with an accountant for ongoing bookkeeping and compliance.
In 30 minutes we will assess your business type, map out your monthly obligations, and give you a clear fixed price. No obligation.
Month-to-month, no lock-in. Cancel any time.
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