SMEs in Russia currently use accounting standards issued by the Ministry of Finance. Taxpayers of 1st and 2nd groups have to pay fixed taxes every month, regardless of the turnover and/or profit. But the statement ar submitted one time per year so it makes these two categories as the most simple for bookkeeping. Bookkeeper360 stands out among some of its competitors by offering bookkeeping services for both cash basis and accrual basis accounting, plus it integrates with popular accounting software.
- When you work with Acuity, you’re not just benefitting from the expertise of our team.
- If you’re just getting your business off the ground and project rapid growth, Pilot is worth exploring for your bookkeeping and business success needs.
- At the same time, this company is able to work with companies and privates, regardless of the jurisdiction.
- Acuity is modern-day accounting, built specifically to serve startups, entrepreneurs, and small businesses alike.
- Beginning from October the 01-st 2022, the minimal wage shall be UAH 6 700,00.
Bookkeeping and accounting facilitate accountability with clients since you are able to counter check past transactions to confirm payments and prices. Additionally, it ensures accountability between business partners when accessing the books to evaluate expenditures and revenues. Therefore, transparency is maintained in the business and any kind of fraud is easily detected. In Russia, for historical reasons, the entire financial reporting framework is determined by the state. As such, the tax authorities and other state bodies, rather than management or third parties, are the primary users of Russian statutory financial statements.
Accounts Receivable Management Services
In general, compared to other countries, Ukrainian tax law is not so hard but full of formalities and important details that are necessary to follow. Despite the fact that we are a law firm, we’ve decided to create an accounting department in our company because of the actual demand for such services from the side of our clients. In Ukraine, it is very important to have a high level of communication between a lawyer and an accountant in every company as their decisions and job are always connected. Our accounting services are part of our more complex, advisory services. We’re not just keeping your financials organized, but also taking the extra steps to understanding and interpreting your financials.
We provide accounting and bookkeeping services that will cover all the accounting needs for your business operating in Russia. This tax structure will also do for small construction businesses. Only taxpayers that have chosen the 3-rd group of fixed tax can be registered as value-added taxpayers at the same time. It makes it possible to provide services or bookkeepers near me sell products to other VAT taxpayers as well as big businesses. For such businesses, there is more accounting work to do, because VAT tax is involved in. Also, such a corporation will unlikely be able to sell goods or services to middle and big companies as, in most cases, VAT registration is required for this due to the requirements of those companies.
Transparent Pricing
At the same time, this company is able to work with companies and privates, regardless of the jurisdiction. Our firm offers comprehensive accounting and bookkeeping services in Ukraine to both companies and sole proprietors, regardless of their industry, revenue, or workforce size. Our team of expert accountants, who are fluent in English, have over 15 years of experience in bookkeeping and taxation, ensuring that our clients receive the highest quality of service. For an investor it can be hard to keep updated with the day-to-day financial details of the company.
If you’re just getting your business off the ground and project rapid growth, Pilot is worth exploring for your bookkeeping and business success needs. Look for a bookkeeper or an accountant near you in the Xero advisor directory, or use our match-making tool to find the perfect pair of hands. Our clients choose Acuity for its customer service-oriented culture, confident that their expectations will be exceeded by any and everyone within our company.