Online-magazine for Business

The Law of Ukraine No 466 of 16.01.2020 expanded the possibilities for taxpayers to communicate with tax authorities via the Electronic Taxpayer Office.

Entrepreneurs often need a motor vehicle for their business operations. Can they pay for the purchase of automobile from a business account? Would that be reflected in the entrepreneur’s accounting? We shall try to answer these and other questions.

In an effort to increase business profitability, entrepreneurs are looking for new areas of activity. What is important, they must necessarily be recorded in the form of KVED.

During quarantine, inspections by control authorities were significantly limited, so some employers who were able to work used the labor of undocumented workers.

Starting from August 1, 2020 the list of individual entrepreneurs obliged to keep accounts of goods and store primary documents regarding the origination of goods changed. The list was expanded. 

On July 14, the Verkhovna Rada adopted in general, and on August 5, the President signed the bill No. 2524 of December 4, 2019 "On amendments to the Tax Code of Ukraine regarding the functioning of the electronic cabinet and simplification of the work of individual entrepreneurs."

Starting from August 1, 2020, the test mode of operation of software PPOs and the transition to work in fiscal mode will end. Let's consider how to work with software PPO

Sometimes entrepreneurs apply for the application of the simplified taxation system, and then, for some reason, they want to withdraw it. Let's consider whether sole proprietorship - single tax payers of the first - third groups have the right to withdraw the submitted application for the application of the simplified taxation system