Business restructuring is a deliberate change in the structure of a company and the firms within it to make them work more efficiently. It is effective, but also complex and lengthy, so it is best entrusted to an experienced specialist who will handle it correctly and without risk. This article explains why that matters and how to get it right.
Why restructuring is needed and what it brings
If your group includes several firms, managing and maintaining them can become extremely complicated. Even well-tuned processes can break down because of the legal structure and hold back…
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Do you own a company with a large team? Or are you self-employed and want to pay your taxes properly? Either way, you will need an accountant. Read on to find out why their services matter and where to find a qualified specialist.
What services an accountant provides
Accounting services bring a whole team of professional accountants to serve your business to a high standard, whatever your line of work. The service is convenient for clients and includes:
timely preparation of tax invoices (податкові накладні);
representation in court and appeals against court…
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Published 24.09.2021. Some rules have changed since; ask us for the current position.
On 23 September 2021 the Cabinet of Ministers adopted a resolution amending the previously approved procedure for submitting financial statements. Among other things, the changes concern the deadlines for filing documents with the relevant regulatory authorities.
The amendments to the Procedure came in response to repeated requests from companies, since financial statements have to be filed together with the auditor's report.
The…
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Kyiv's power plants will keep operating at full capacity after gas was bought from a private supplier.
Naftogaz of Ukraine said the unstable gas supply to Kyiv facilities had been resolved and everything was now running normally: the Kyiv City State Administration (KMDA) managed to buy a volume of gas from one of the private suppliers operating on the Ukrainian market.
The company's press office also said the gas purchased would be enough to keep the thermal power plants fully running until the gas debt situation is settled. The debts built up while the plants were operated by…
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The National Bank explains the exchange rate swings
The hryvnia exchange rate is moving sharply because large sums are being transferred abroad and substantial VAT refunds are paid out at the end of the month.
The swings we have been seeing for more than a week have several causes, including:
Private companies are repatriating large amounts of profit (they bought around USD 300 million at the start of July), and non-residents are selling their domestic government bonds (OVDP): since the first days of July, the volume…
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