FOP in 2025: A Checklist of Mandatory Actions for a Successful Year-End

FOP in 2025: A Checklist of Mandatory Actions for a Successful Year-End

Lawyer Bohdan Yankiv has prepared a checklist of mandatory actions for individual entrepreneurs (FOP) to successfully complete the year 2025. The main focus is on monitoring income limits, reconciling payments, and preparing necessary documents. The end of the year is an important period for entrepreneurs, as it is the time to correct accounting deficiencies and prepare for the new financial year.

Key Points of the Checklist

• Monitoring Income Limits:

For 2025, the following limits have been set: for group 1 – up to 1,336,000 UAH, for group 2 – up to 6,672,000 UAH, and for group 3 – up to 9,336,000 UAH. This is an important aspect, as exceeding the specified limits can lead to negative consequences for entrepreneurs.

• Urgent Reconciliation of All Payments:

In particular, the ESV and the single tax. This is a mandatory procedure that will help avoid problems with tax authorities in the future. Entrepreneurs also need to check for the presence of acts of completed works for 2025, invoices, waybills, contracts for significant operations, and payment documents. These documents are the basis for confirming the financial activities of the enterprise and must be prepared in a timely manner.

Thus, FOPs striving to successfully close the year must follow the specified checklist, which includes monitoring income limits, a payment verification algorithm, and the preparation and audit of primary documents. Adhering to these recommendations will help entrepreneurs not only avoid problems with tax authorities but also ensure the stable operation of their business in the coming year.

Successfully completing the financial year is critically important for individual entrepreneurs, as it affects the further activities of the business. Implementing all points of the checklist will help prevent potential problems with tax authorities and ensure the accuracy of financial reporting. This, in turn, will contribute to the stable development of the business in the coming years.