Opaskirjasto

Sole trader's tax return and financial statements

A sole trader must file a business income tax return every year, on the basis of which the business income is divided into earned income and capital income. This guide covers the information you need, common mistakes and keeping track of deadlines.

You will need

Steps

  1. Close the books

    Record all sales and expenses for the financial period, reconcile your bank account and check open invoices. For a sole trader, the financial period is usually the calendar year.

  2. Check the deadline

  3. Calculate depreciation

  4. Record private use shares

  5. Fill in the tax return in MyTax

  6. Choose the capital income share

  7. Keep the material

  8. Check your tax decision

Open the guide in the app

The full guide with every step is for members. Try 7 days for €0.99.

People also search for: sole trader tax return · how do I file form 5 in omavero · when is the business tax return due for a toiminimi · self-employed annual accounts · capital income share for a sole trader in finland

More guides on: Entrepreneurship

Entrepreneurship – All guides ›