Accountant for sole proprietorship group 3

The presence of an accountant for an individual entrepreneur of group 3 is not only desirable, but also necessary for the proper management of the financial part of the business. Accounting support for an individual entrepreneur of group 3 involves systematic recording of all income, timely payment of taxes, setting up proper interaction with partners, etc. In more detail about what services an accountant for an individual entrepreneur of group 3 can provide, we will consider in this article below.

Individual entrepreneur of group 3: features of taxation (with the latest changes)

The simplified system is a fairly popular form of doing business, in particular group 3. With the changes at the beginning of 2025, individual entrepreneurs of group 3 must pay:

• single tax – 5% (excluding VAT) or 3% (including VAT) of income;
• military duty – 1% of income;
• single social contribution – 22% of the minimum wage (for themselves and employees);
• tax on the income of other persons – 18% of the wage (employees).

Important to know! In some cases, individual entrepreneurs may not pay the single social contribution for themselves. In particular, this is possible in the following cases: when the employer paid a single social contribution for him (at the main place of work); when the entrepreneur is a pensioner or a person with a disability; when the entrepreneur is in temporarily occupied territories.

What restrictions apply to individual entrepreneurs of group 3 today?

Restrictions for such individual entrepreneurs are defined in the Tax Code of Ukraine. Therefore, according to its provisions, the following features apply to such entrepreneurs:

• firstly, the annual income limit cannot exceed 9,336,000 UAH (in this case, we may be talking about changing the taxation system as a whole);
• secondly, the obligation to use a register of settlement operations (RRO), regardless of the amount of income;
• thirdly, there is no ban on conducting foreign economic activity, including the export and import of goods.

It is important to note! As for any other entrepreneur on a simplified taxation system, for individual entrepreneurs of group 3 today there are some restrictions on their activities. Therefore, they cannot engage in foreign currency exchange, the sale of excisable goods, minerals, brokerage activities, and others. For more detailed information, we recommend ordering a professional consultation from our accountant for individual entrepreneurs.

Reporting for individual entrepreneurs of group 3: basic documents

The scope of reporting for such a business entity consists of the following:

• tax return of the single tax payer (submitted quarterly, no later than 40 days after the end of the quarter);
• report on the single social contribution (submitted once a year as part of the annual declaration);
• income and expense book (recorded monthly).

Main issues that an accountant for individual entrepreneurs of group 3 helps with

An accountant, having the appropriate qualifications and experience, helps in various situations. The specified specialist provides his services to the business, helping to:

• systematize all income and expenses;
• calculate the exact amount of taxes;
• monitor timely reporting to tax and other institutions;
• understand and record the calculations of salaries, vacations, sick leave;
• monitor current changes in legislation (for example, in the same issue of using PRO/PRRO).

Accounting support for individual entrepreneurs of group 3: what services do specialists of the company “Prikhodko and Partners” provide?

Filling and submitting reports

This is one of the main services of our accountant, which helps to avoid fines and ensure proper interaction with the tax office. It includes:

• filling and submitting tax returns;
• timely payment of the Unified State Register of Companies (for oneself and employees);
• proper storage of primary documents (bank statements, certificates of work performed).

Maintaining complete accounting

Every business entity in Ukraine is obliged to maintain proper accounting and control its financial condition. To solve this important issue, the accountant:

• controls the accounting of income and expenses;
• conducts a proper inventory of assets and liabilities;
• monitors the movement of funds in accounts and controls their correctness of reflection.

Personnel documentation management

The issue of personnel accounting will be relevant for those individual entrepreneurs who have officially employed people on their staff. In this case, an accountant can provide the following services:

• preparation of orders for hiring, dismissal;
• calculation of wages, vacation and sick leave, tax deductions;
• proper storage of all appropriate documentation.

What negative consequences can there be for the lack of proper accounting for individual entrepreneurs of group 3?

One of the reasons to order accounting support for individual entrepreneurs of group 3 is the real possibility of avoiding penalties and other negative consequences for the business. In particular, the lack of proper accounting can lead to:

1. fines for violation of tax legislation – from 1020 hryvnias for each violation;
2. fines for violation of commodity accounting – different for each type of violation;
3. additional accrual of tax liabilities (in case of incorrect calculations).

If systematic violations are discovered, the tax authority may ultimately cancel the registration of a single tax payer and transfer the entrepreneur to the general taxation system, or even liquidate him altogether.

Contact us and we will help you with accounting for individual entrepreneurs of group 3. To find out the price of accountant services, fill out the form below.