Recent changes in Ukrainian legislation have significantly affected individual entrepreneurs (IEs) by introducing a new military tax. The adopted draft law No. 11416-d obliges sole proprietors of groups I and II to pay the fee starting from October 2024, and group III will start doing so from February 2025. These innovations require a careful approach to tax reporting, which can be a challenge for small businesses.
Military fee: what entrepreneurs need to know?
For groups I and II of sole proprietors:
Payments…
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An audit of financial statements is a set of specialised procedures that provides assurance that the reported information is reliable. It confirms that the way the company keeps its financial, accounting and management records is correct and fits the business. An audit also gives a sound assessment of how efficiently the company operates and what its growth prospects are, and shows whether its assets are used sensibly.
If you want a thorough, professional review of your company and an objective view of its future prospects, talk to our specialists. You can order an audit…
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Professional accounting services allow entrepreneurs and companies to save time, effort, and nerves. Accountants take care of all issues related to reporting, accounting, tax and payroll calculations, as well as legal issues and work with banks. It is very important to find a smart, professional, responsible specialist to avoid serious problems in the future. High-quality bookkeeping will allow the company owner to concentrate on his or her core business as much as possible, without being distracted by routine accounting tasks.
Why do you need accounting…
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Published 18 September 2023. Some rules have changed since; ask us for the current position.
The IT sector keeps growing fast. Ukrainian legislation is amended regularly as a result, and each year the tax requirements for IT companies become harder to meet. So if you are starting an IT company, it is important to understand every aspect of keeping its books under Ukrainian law.
What reporting requirements apply to IT companies?
Every IT company registered in Ukraine must file quarterly and annual reports with bodies such as:
the statistics…
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Tax law has seen a great many changes in recent years. As a result, this area has grown wider and somewhat more complex, and tax consulting has emerged as a separate service. Let us look at what it involves.
What is tax consulting?
Tax consulting is a service that helps a business spread its tax payments evenly, keep a spotless record as a taxpayer and bring its tax burden down to a reasonable level. All of this is done in line with Ukrainian law.
Many specialists now offer tax consulting services. When choosing one, pay close attention…
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