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Did you lend money to someone you know from your sole proprietor account (FOP account)? It may seem like a small thing. But for single tax entrepreneurs, it can turn into a disaster: loss of simplified taxation status, additional tax charges of up to 45%, and even account blocking. Why does this happen and how […]

The Ministry of Finance has prepared a large-scale draft law that will change the rules of the game for Ukrainian businesses starting from 2027. The main goal is to make income more transparent, align Ukraine’s tax system with European standards, and close loopholes that previously allowed businesses to “optimize” taxes. The changes will affect Sole […]

Is your business divided among several sole proprietors? In such a situation, the tax authority may consider the structure as business splitting. Do you have several sole proprietors in the family? It may seem like a convenient and profitable option. But the Ministry of Finance is preparing a draft law that closes schemes entrepreneurs have […]

In 2026, a sole proprietor in Ukraine can freely use a business account for personal expenses and withdraw cash without penalties if they follow financial monitoring rules, do not receive income on personal cards, and correctly use IBAN and POS cash registers. After registering as a sole proprietor, many questions really arise in the banking […]

In 2026, an invoice officially becomes a primary document, while the certificate of completed works is no longer mandatory in all cases. The President signed amendments to Article 9 of the Law of Ukraine “On Accounting and Financial Reporting”. At first glance, this looks like a simplification. But this is exactly where many entrepreneurs may […]

The simplified taxation system in 2026 includes 4 groups of the single tax for FOPs and LLCs with different income limits, tax rates, and restrictions. In this article, we will explain how to choose the single tax group in 2026, what limits and restrictions apply, and what to consider before registration. Which group is right […]

You launched an online store, but customers leave items in the cart? The problem may not be the assortment or prices, but the simple lack of convenient payment. Without connected acquiring, you lose up to 70% of potential sales. Connecting a payment system is not just a “technical thing for a checkbox”. It is automation […]

FOP Group 2 in 2026 – one of the most popular forms of running a small business. A FOP (Fizychna Osoba-Pidpryiemets) is a Ukrainian legal status for an individual entrepreneur, similar to a sole proprietor or self-employed business owner in many other countries. In this article we will explain the conditions of staying in Group […]

In 2026, all sole proprietors are required to keep income records, but the format of the book depends on the taxation system: for simplified system taxpayers without VAT it may be in a free form (Excel), while for VAT payers and those on the general taxation system – in the format approved by the Ministry […]

In 2026, QES (Qualified Electronic Signature) has become a mandatory tool for every sole proprietor and business. Without it, it is impossible to submit reports, sign contracts online, work with government authorities, or participate in Prozorro tenders. In this guide, we will explain: what QES and AES mean in simple terms, the difference between them, […]

Hiring an employee by a sole proprietor (FOP) in 2026 requires proper documentation, submitting a notification to the tax authorities, and timely payment of taxes.  Are you a sole proprietor and your business is growing so fast that you can no longer handle everything on your own? Congratulations, you are ready to become an employer! […]

Do you receive payments in foreign currency as a sole proprietor (FOP)? Then you already know that along with dollars and euros come dozens of questions: how should these funds be recorded? Which exchange rate should be used to calculate income – the NBU rate or the bank’s rate? Does exchange rate fluctuation affect taxes […]