How does Bookkeeping with Fairo work?
Fairo collects incoming data in one place and calculates your taxes. You can use our Fairo bank account, automatically integrate business accounts of other banks or add your income manually. Fairo processes all types of transactions, however, if you are unsure, you can use the guide, which explains the different types of income and different tax groups.
Is it for all types of businesses?
At the moment, Fairo ensures 100% reliable accounting and tax assessment only for FOP 3, that use simplified taxation system, which are VAT non-payers, and without employees.
Why should I use your bookkeeping services?
Fairo provides tax calculation services within our application. If you activate your bank account, we will be able to automatically calculate your taxes, in case if you are FOP 3, use simplified taxation system, VAT non-payer, without employees.
Why do you provide services for FOP3 non VAT payers (only)?
We work hard to provide our services to a wide range of entrepreneurs in Ukraine. But we started by providing services to FOP 3, that use simplified taxation system, VAT non-payers, without employees. If you belong to another group, please follow the expansion of our range of services.
What kind of services do you provide?
You have the opportunity to open Fairo FOP and private account in order to automize the bookkepping anf taxreporting,get paid directly to Fairo account , use automatic income tracking and tax assessment. Fairo calculates the amount of ESV tax and income tax that you owe, so you know how much exactly to pay for each quarter, reminds you when to pay taxes. Sign your reports with Touch ID/Face ID and pay in one click. Fairo also tracks your annual limit and notifies you if you approach it.