Financial reporting (tax reporting)

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According to the current legislation of Ukraine, timely and regular submission of financial and tax reporting is mandatory for most business entities. In case of violation of the established requirements, legal entities are subject to penalties and other legal consequences, up to and including liquidation of the company.

In order to clearly comply with the requirements of the legislation, minimize financial risks, timely submit financial statements to the tax authorities, we recommend contacting Legal Solutions.

Our team of professionals and experts offers comprehensive tax reporting services. With us you can get rid of unnecessary worries, paperwork, figures and communication with regulatory authorities. We will take care of everything, and you can calmly focus on running your business.

Tax reporting services - unique offers and complex solutions from Legal Solutions

Our law firm is a team of specialists not only in the field of law. Our staff includes accountants, finance and taxation specialists, so we guarantee a competent and comprehensive approach to tax / financial reporting for all business entities.

Our services include:

• verification and analysis of reporting;
• tax reporting
• financial accounting and reporting;
• submission of reporting for previous periods;
• provision of corrective, clarifying reports;
• consulting on all financial and tax issues.

Also in our company you can order a comprehensive accounting service, which includes tax reporting. Depending on the specifics and scale of your business, we will prepare a unique sales proposal and a package of services that best suits you.

Financial reporting in Ukraine: what are we working on?

Specialists of Legal Solutions are engaged in professional reporting in accordance with national standards and legislation, as well as requirements and regulations of GAAP, IFRS.

We will prepare reports on:

• financial position of the enterprise;
• profits, expenses, losses;
• changes in equity;
• cash flows.

Preparation of financial statements by the specialists of our law firm is based on the principles of:

• timeliness;
• prudence;
• rationality;
• reliability;
• completeness of the information provided;
• consistency.

For whom are financial statements mandatory?

The laws of Ukraine establish a list of business entities that are obliged to submit financial statements together with the results of the audit. These include:

• Public joint stock companies.
• Business entities of public interest.
• Large enterprises that are not issuers of securities.
• All financial institutions.

Tax returns are submitted to the tax authorities within the established deadline. By enlisting our support, you will never miss the deadline for submission of the report and can be confident in financial stability and correctness of your actions.

Tax reporting: key features

No business is impossible without regular reports on the results of activities, so the submission of reporting can not do without filling out special approved forms. These are the following forms of statistical and tax reports:

If the business entity is a taxpayer under the general system, the following reports are provided - on financial position, on financial results, on cash flow, on equity, notes to the annual statements, an annex to the notes.
Under the simplified taxation system - report on accrual and amounts of ERUs, single tax payer's declaration, VAT declaration, Form 1-DF, ERU report.

Preparation and submission of tax reporting is the prerogative of specialists. If you want to minimize financial risks and avoid penalties, entrust this work to the specialists of Legal Solutions.

To get detailed information, consultation, to learn about the terms of cooperation, contact our manager in any convenient way. Right now you can fill in the feedback form on the website and we will call you back instantly.

Reporting on ERO

For companies that make cash or non-cash payments by means of checks, tokens, payment cards, tax reporting on the use of registers of settlement operations (RRO) in economic activity is provided. 

Settlement transaction recorders include cash registers and other fiscal registers that record the fact of receipt or return of money. Moreover, such reports are made for all registered registration devices, even if they are not used in any reporting period.

Reporting to the PF and the Social Insurance Fund

Today in Ukraine, all previously existing social taxes - pension, unemployment, social insurance and accident taxes - have been merged into a single Unified Social Contribution. Such a step simplified the collection of taxes on all social funds, making a single rate of 22% for all and abolishing registration in four state institutions. Now both registration takes place only in the fiscal authority, and deductions from wages are made there. Reports are submitted:

• In electronic form - with an electronic signature.
• On paper - if there are no more than five employees.
• On paper with an electronic version of the report on a flash drive or CD/DVD media, if there are more than five employees.

You can send it by registered mail with an inventory of attachments, but here you should remember that the day of acceptance of the report to the post office is considered the day of its submission.

Advantages of outsourcing reporting for business

You will be sure that the preparation of financial statements of your company was made taking into account the latest changes in legislation and meets all its requirements.

Experienced and reliable specialists of our company will closely monitor the deadlines for submission of each of the reports, so that the submission of reporting to the tax authorities will always be timely.

The Legal Solutions team will monitor the current state of your company according to the reports and will always be able to prevent the development of negative trends.

Why Legal Solutions?

Why clients bring this kind of matter to Legal Solutions:

1. We take on the whole job. Documents, filings, correspondence with the authorities and official queries are on us. We need your decisions and signatures, and we call when your input really matters.
2. We see it through. Your matter will not get lost on the way: the same person stays on it even when the process takes months.
3. Since 2012, with personal involvement. Legal Solutions has been in practice since 2012, and an experienced specialist handles each matter personally. Non-standard matters are our field: where you have been told it cannot be done, we look for a lawful way.
4. Confidentiality written into the contract. Information about you, your company and your deals stays between us; competitors and third parties will not get it. We disclose only what the law or the procedure requires.
5. Right on the first filing. We know the typical queries from registrars and authorities and deal with them before filing, so there are fewer rounds of revisions. We give realistic timelines, allowing for how the authorities work, and put them in the contract.
6. Honest about what you do not need. If a company or a structure is not needed yet, we say so plainly, even when that means less work for us.

What is the cost of tax reporting?

If you are interested in the cost of our turnkey services, call or write to us right now. The price is discussed with the client on an individual basis and depends on the list of services provided.

We guarantee adequate, affordable prices and high quality services.

Do you want your business to work like clockwork, and you are not distracted by routine, ordinary tasks? Order accounting and tax reporting in Legal Solutions law firm. We have an optimal, individual solution for each client.

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