Accounting services mean keeping a company's financial and tax records under a service contract: processing source documents, maintaining accounting registers, calculating taxes and payroll, preparing and filing financial statements and tax returns, and supporting the client through tax inspections. The Law of Ukraine "On Accounting and Financial Reporting in Ukraine" (Закон «Про бухгалтерський облік та фінансову звітність в Україні») expressly provides for this way of organising accounting, on an equal footing with an in-house accounts department.
Accounting services…
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Published 4 June 2020. Some rules have changed since; ask us for the current position.
The law adopted on 16 January 2020 (Draft Law No. 1210) was finally signed by the President on 21 May, published in the official newspaper Holos Ukrainy (Голос України) on 22 May and came into force on 23 May. Its purpose is to amend the Tax Code of Ukraine (Податковий кодекс України, TCU) in relation to tax administration and to close gaps in the previous legislation. In particular, the rates of some taxes have changed, and new reporting rules and new penalties now apply.
A number of…
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Published 29.05.2020. Some rules have changed since; ask us for the current position.
On 23 May 2020, Law No. 466-IX came into force in Ukraine. It supplements a number of articles of the Tax Code and restates others. The changes aim to improve the administration of taxes and levies and to introduce the standards set out in the OECD BEPS Action Plan.
Key changes to tax legislation include:
Local council decisions on local taxes and levies will now remain in force indefinitely, until they are repealed. Under the new version…
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Published 29 April 2020. Some rules have changed since; ask us for the current position.
Cutting costs during a crisis helps a business hold on and avoid a cash gap. Spending needs particular attention during the coronavirus epidemic, since no one knows for sure when the quarantine will end or what will happen to businesses next. The entertainment and tourism industries have been hit especially hard, and many have frozen their operations entirely.
What are the most important cost-cutting measures for small and medium-sized businesses?
The top priority right now…
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Published 1 April 2020. Some rules have changed since; ask us for the current position.
Filing zero returns, with accounting services across Ukraine (Kyiv, Kharkiv, Odesa, Lviv, Dnipro). If a company is registered but carries on no business, pays no wages and has no movements on its accounts, the law still requires it to file zero returns with the tax authority. You could, of course, rely on an in-house accountant, but they may fall ill or go on holiday. If you come to us at Key Solutions, you will not have that problem. You will not need to think about…
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