Bookkeeping of the FOP

Bookkeeping for a sole proprietorship (individual entrepreneur) can be a complex and very time-consuming task. Legislation is constantly changing, new requirements and reports appear, which makes correct record keeping more and more difficult.

Peculiarities of FOP accounting

The volume of accounting for a sole proprietorship depends on the chosen taxation system:

• Single tax: FOPs in the 1st and 2nd groups keep only a book of income and expenses.
• The general system of taxation: it is necessary to keep full accounting records with all its registers, journals and reports.

Mandatory reports for FOP:

• Single tax: single tax declaration (quarterly), report on amounts of calculated and paid VAT (quarterly), personal income tax report (quarterly).
• The general taxation system: corporate income tax declaration (annually), VAT declaration (monthly/quarterly), report on the amounts of assessed and paid VAT (quarterly), personal income tax report (quarterly).

Consult an accountant

Why is it important to contact a professional accountant to manage a sole proprietorship?

1. Saving time and effort. You will be able to focus on the development of your business, instead of spending time on bookkeeping.
2. Correct accounting. A professional accountant will help you keep records in accordance with all legal requirements, which minimizes the risk of fines.
3. Optimization of taxation. An accountant will help you find legal ways to reduce your tax burden.
4. Risk reduction. A professional will help you avoid accounting errors that can lead to financial problems.

Remote accountant: convenient and reliable FOP management

In today’s dynamic world, running a business requires flexibility and mobility. That is why remote accounting is becoming more and more popular among individual entrepreneurs. This format of cooperation with an accountant offers a number of significant advantages:

Convenience:

• Saving time. You don’t need to waste time on trips to the accountant. You can work with it online, anywhere and anytime, with only an Internet connection.
• Accessibility. You can cooperate with an accountant from any city in Ukraine, not limited by geographical location.
• Flexibility. You can independently choose the time and format of communication with the accountant: phone, e-mail, online chat, etc.

Reliability:

• Professionalism. You can work with an experienced accountant who has deep knowledge of tax and accounting law.
• Security. Your data will be safe, because modern online accounting services provide a high level of information protection.
• Privacy. You can be sure that all your trade secrets will be preserved.

Saving:

• No office rental costs. You do not need to spend money on renting an office space for an accountant.
• Reduction of salary costs. You do not need to pay a salary to a full-time accountant.
• Optimization of taxes. An experienced accountant will help you minimize tax payments, which will lead to cost savings.

“Prykhodko and partners”: professional bookkeeping of the FOP

The legal company “Prykhodko and Partners” offers a wide range of accounting services for sole proprietorships. We have a team of accountants with many years of experience.

By contacting us, you will receive:

1. Individual approach and detailed analysis of your activity. We will carefully study the specifics of your business, the taxation system, the volume of business operations and other important aspects. This will allow us to develop an optimal accounting strategy that will meet your needs.
2. High-quality and timely accounting. Our team of qualified accountants has in-depth knowledge of current legislation and experience working with various accounting systems. We guarantee the correctness and timeliness of keeping all necessary records, compiling reports and performing other accounting functions.
3. Optimization of taxation and minimization of tax payments. We will help you to legally minimize tax payments using all methods permitted by law. This will allow you to save money and increase the profitability of your business.
4. Comprehensive support on all accounting and tax issues. You can turn to us for advice on any accounting and tax issues that arise in the course of doing business. We will provide you with clear and comprehensive answers, help you understand difficult situations and make the right decisions.
5. Privacy and protection of your trade secret. We value the confidentiality of our clients and guarantee the preservation of all commercial secrets entrusted to us.

Consult an accountant

With “Prykhodko and partners” your FOP will be in safe hands.

To order a consultation and calculate the cost of accounting for the FOP, fill out the form below.