Maintaining an up-to-date Remoly Invoicing account profile is essential for compliance and efficient payment processing. This guide will help you update your personal, business, tax, and compliance information.
Editing Personal and Business Information
To update your personal and business details:
Log into your Remoly Invoicing dashboard.
Click on the "Profile" tab.
Edit your name, business address, and tax information.
Ensure that your information is accurate and current to remain compliant with applicable laws and regulations.
For freelancers and contractors in the EU: It's crucial to keep your business details, such as your VAT number, EIN, and other relevant tax information, up-to-date. This helps in accurate tax reporting and prevents potential penalties.
Updating Tax and Compliance Settings
In addition to updating your personal information, you can adjust your tax and compliance settings:
Select your tax residency.
Choose your preferred tax optimization method.
For example, EU-based freelancers or contractors may opt for either the VAT or reverse charge method for tax optimization. This ensures you are paying the correct tax amount and avoiding issues with tax authorities.
Your tax settings may differ based on your location and the services you provide. If you have any concerns or questions about your tax settings, our support team is available to help.