Service
Bookkeeping for flat-rate entrepreneurs
This service is for flat-rate taxed entrepreneurs across all permitted activities, from IT, crafts and consulting to services and freelancing, who want their KPO book kept in order, their limits under control, and their taxes and contributions paid on time. It also suits those just opening a business who are not sure whether flat-rate taxation still fits them or whether it is time to switch to books or to a personal salary.
Flat-rate taxed entrepreneurs do not keep full business books, but that does not mean they have no obligations. You have to keep a KPO book, monitor the annual turnover limit of 6,000,000 RSD and the VAT registration threshold of 8,000,000 RSD, issue and process e-invoices through SEF, and pay tax and contributions every month, whether or not you earned any income. We take all of that off your plate. We keep your KPO book, watch the limits and the deadlines, and notify you of every obligation on time, so you can calmly get on with your work. Bookkeeping for flat-rate entrepreneurs with us starts from 6,900 RSD per month.
Who it is for: This service is for flat-rate taxed entrepreneurs across all permitted activities, from IT, crafts and consulting to services and freelancing, who want their KPO book kept in order, their limits under control, and their taxes and contributions paid on time. It also suits those just opening a business who are not sure whether flat-rate taxation still fits them or whether it is time to switch to books or to a personal salary.
What the service includes
- Keeping the KPO book (record of realised turnover) in order and in line with regulations
- Monitoring the annual flat-rate limit of 6,000,000 RSD and warning you in good time before you approach it
- Monitoring the VAT registration threshold of 8,000,000 RSD of turnover in any 365 consecutive days
- Issuing and processing e-invoices through the System of Electronic Invoices (SEF) for flat-rate entrepreneurs working with the public sector or e-invoice obligors
- Tracking and recording paid flat-rate tax and contributions and checking the Tax Administration decision
- Deadline reminders, including the monthly payment due by the 15th and the flat-rate application deadline of 31 October
- Advice on when it pays to switch to keeping books, to a personal salary, or to enter the VAT system
- Email and phone support for all questions about running a flat-rate business
How we handle it
- 1
Getting to know your business and taking over
We review your activity, the Tax Administration decision on your flat-rate status and your turnover records so far. We agree on how you will send us payment and invoice data, simply and without paperwork.
- 2
Setting up the KPO book and SEF
We set up an orderly KPO book and, if you work through the System of Electronic Invoices, we configure issuing and processing of e-invoices on SEF. Everything starts from a clear baseline.
- 3
Monthly bookkeeping and limit tracking
Through the year we record every receipt in the KPO book and track how close you are to the 6,000,000 RSD limit and the 8,000,000 RSD VAT threshold. You always know where you stand.
- 4
Deadlines and payments
We follow the tax calendar and remind you of the monthly tax and contribution payments due by the 15th, as well as other deadlines. You just make the payment, we keep an eye on the dates.
- 5
Timely advice on switching
As you approach a limit or your business changes, we reach out in good time and suggest the next step, whether that is switching to books, a personal salary, or entering VAT, so you can decide calmly rather than at the last minute.
Frequently asked questions
Bookkeeping for flat-rate entrepreneurs with us starts from 6,900 RSD per month. That package covers keeping the KPO book, tracking limits and deadlines, calculating flat-rate tax and contributions, processing e-invoices through SEF, and email and phone support. The final price depends on the scope of work and your activity, so contact us for an exact quote.
You enter the VAT system when turnover exceeds 8,000,000 RSD in any 365 consecutive days, with the VAT registration filed within about five days of crossing the threshold. You must switch from flat-rate to keeping books when annual turnover passes 6,000,000 RSD or when you start an activity that cannot be taxed at a flat rate. We monitor both thresholds and reach out to you before you hit them.
The KPO book is the record of realised turnover and the only business book a flat-rate entrepreneur must keep. It records all client payments during the year, but not expenses, and it is exactly what is used to monitor the annual turnover limit. We keep your KPO book in order, so you do not have to worry about the records yourself.
It pays off when you approach the 6,000,000 RSD limit, when your income and deductible expenses grow, or when your flat-rate obligation becomes higher than what you would pay through books and a personal salary. Since the answer is individual, we review your figures and propose the solution that suits you best, in good time and without pressure.
Ready to hand your books to the experts?
Book a free 30-minute consultation. No obligations, just a clear plan for your finances.