How should the FOP keep accounting records?

Basic principles of independent accounting and tax accounting:

• pay taxes;

• submit reports;

• keep income records;

• collect and store primary documentation;

• monitor changes in legislation.

Reports to be submitted by the FOP

Entrepreneurs on the single tax of the 1st and 2nd groups:

• Tax declaration of a single tax payer - an individual - an entrepreneur (for groups 1 and 2) - Reporting period - one year, i.e. submitted once a year within 60 calendar days after the end of the reporting period (until March 1)

• Report from the EES - Reporting period - one year, i.e. submitted once a year within 40 calendar days after the end of the reporting period (until February 10)

Entrepreneurs on the single tax of the 3rd group:

• Tax declaration of a payer of a single tax - an individual - an entrepreneur (for the 3rd group) - Reporting period - quarter

• Report from the EES - Reporting period - one year, i.e. submitted once a year within 40 calendar days after the end of the reporting period (until February 10)

For individual entrepreneurs who are taxed under the single tax of groups 1 and 2, there is a general report form. For the FOP on the uniform tax of group 3, the form of the report visually practically does not differ from the declaration of taxpayers of the uniform tax of groups 1 and 2.

The principle of its filling is quite simple:

• First, you need to fill out the report header. Place an "X" next to the "Reporting" return type and select the reporting period you are submitting (for example, "Year"). Also, indicate the name of the tax inspectorate with which you are registered as an individual entrepreneur, as well as your personal data, the registered address of the sole proprietorship and the taxpayer identification number (TIN).

• In the first section of the report, indicate the number of employees (average for the year). If you have no employees, enter zero. Next, it is necessary to list all types of economic activity (KVED) that brought you income during the reporting period.

• In section 2 or 3 depending on your tax group, complete the table that corresponds to your single tax group. Although the tables are different for groups 1 and 2, the content is the same. In this table, enter the total amount of single tax you paid during each quarter, as well as the total income you received during the year. It is important that the amount of income for the year indicated in the report coincides with the amount of income for the year indicated in the Income Book.