You have just opened a sole trader business or DOO
We will set up source documents, authorised access and initial payments. We will explain which obligations arise even before your first revenue.
RICS CONSULTING
Sole traders and DOO · Taxes · Payroll · Reporting
Accounting in Serbia
payments under control
We will handle bookkeeping and reporting for your sole trader business or DOO. You will receive payment amounts, details and a calendar with explanations in Russian.
We communicate in Russian and provide support in Serbian.
10 yearsof our experts’ experience
2000+client cases
across all service areas
across all service areas
The scope and price of our services are fixed in the contract
Where we begin
What is happening in your business now?
Flat-rate taxation, VAT, a director’s salary and paying a foreign contractor are different tasks, not one tax rate for everything. We will organise work with a local accountant and explain it clearly: which documents are needed, how much to pay, when to file a report and what changes as the business grows.
Turnover is growing or you have hired an employee
We will check tax thresholds, payment components and new reports. We will calculate the cost before a major contract or hire, not after a missed deadline.
Changing accountant
We will take over documents and balances and check upcoming returns and payments. Current work and reconstruction of previous periods will be separated so each task has a responsible person.
Documents, timeframes and costs
What accounting does your business need?
Flat-rate sole trader: fixed assessments and regime checks
For an entrepreneur approved for flat-rate taxation. Tax is not calculated as a percentage of each receipt: the amount is set by a tax authority decision, but documentation and monitoring of eligibility remain necessary.
Main documents
- APR decision, PIB and current tax assessment
- KPO book and issued invoices
- Business account statements and contracts with main clients
- Information about employees and changes in activity, if any
Application process
- Check assessments and monthly payment instructions
- Organise turnover records and document submission
- Check flat-rate eligibility and independence-test risks when working with a client
Timeframes
A monthly cycle with document and payment dates. A change of regime should be assessed before exceeding limits, not at year-end.
RICS servicesFrom €50 per month for basic support of a simple sole trader business. The package will specify transaction volumes, employees and additional tasks.
Government feesTax and contributions under the tax authority’s assessment are additional to the support fee. The amount depends on factors including activity code, registered location and entrepreneur details.
Other costsPayroll, complex opinions and corrections to previous periods are provided within an agreed scope.
A sole trader keeping books or a DOO: income, expenses and reports
When full bookkeeping is required, with expenses, employees, several activities or a corporate structure. For a sole trader, we will examine the personal salary option; for a DOO, payments to the director and owner.
Main documents
- Registration details and selected tax regime
- Invoices, contracts, statements and evidence of expenses
- Balances, fixed assets, loans and liabilities
- Documents for employees, the director and payments to shareholders
Application process
- Agree the accounting work and period-end calendar
- Distinguish revenue, profit and personal payments to the owner
- Prepare the calculations and reports included in the contract
Timeframes
Ongoing bookkeeping follows the agreed monthly cycle. The PPP-PD payroll return is filed before the corresponding payment; annual tasks have a separate calendar.
RICS servicesWe will select separate packages for sole traders and DOO companies based on document volume, employees and transaction complexity. The quote will state which reports and recurring tasks are included.
Government feesTaxes, contributions and applicable registration fees are paid separately. We first calculate the basis and amount, then prepare payment instructions.
Other costsWe will state separately whether year-end closing, bookkeeping reconstruction and special projects are included or additional.
VAT and foreign clients: checking each payment model
If you are approaching the VAT threshold, are already registered or work with foreign clients and suppliers. A payment from abroad alone does not determine a transaction’s tax treatment.
Main documents
- Monthly turnover and VAT status information
- Contracts and invoices describing the goods or services
- Counterparties’ countries and status, place of supply of goods or services
- Customs documents for imports; withholding tax documents where applicable
Application process
- Determine which transactions count towards the threshold and how the period is calculated
- Check VAT, reverse charge and withholding tax where applicable
- Set up a calendar for returns, electronic invoices and payments
Timeframes
For a VAT payer, the general filing and payment deadline is 15 days after the tax period. The period may be monthly or quarterly; SEF deadlines are checked separately.
RICS servicesPriced by transaction volume and package. VAT calculations, international transactions and one-off tax opinions will be identified in the proposal.
Government feesVAT and other applicable taxes are business obligations, not the accountant’s fee. The calculation depends on the specific transaction and entitlement to deductions.
Other costsContract translations, tax residence certificates, customs support and specialist opinions where needed.
Practical help
What you pay your accountant for
Documents and transactions
We will organise receipt of invoices, contracts and bank statements. We will check which expenses are supported, which documents are missing and whether your business needs SEF and fiscalisation.
Taxes and reporting
Within the agreed package, we will prepare calculations, returns and annual reports. For payment, we provide the amount, purpose, details and deadline; for monitoring, confirmation of filed reports.
Payroll and payments to the owner
We will calculate an employee’s take-home pay, the total business cost, taxes and contributions. We will separately examine director payments, dividends and expense reimbursements — these are not interchangeable transactions.
New contracts without tax surprises
Before payment, we will check the foreign supplier, the service and transaction documents. For a sole trader, we will assess risks involving the main client; as turnover grows, the need to change regime or register for VAT.
Prepare the documents
What to provide to get started
You provide
- APR decision, PIB, tax regime and VAT status
- Monthly invoice and bank transaction counts, payment currencies
- Employees, director, main counterparties and contract types
- When changing accountant: trial balance, balances, latest returns, tax assessments and correspondence
We prepare and arrange
- A list of documents to provide and immediate obligations
- The monthly package and separately charged tasks
- A calendar for documents, reports and payments
- Lawful authorisation for electronic services without sharing personal passwords
Sequence and timeframes
How we take on your accounting
Review the starting position
You will tell us the business structure, regime, transaction volume and employees. We will check upcoming deadlines, missing documents and any need to reconstruct records.
Agree the scope and price
We will list the monthly calculations and reports, who handles payroll and how year-end closing is charged. The price will be linked to a clear scope.
Receive documents and set up the workflow
We will agree the handover date and transfer of balances, arrange authorisations and establish how statements and source documents are sent.
Keep the books and explain the figures
You will receive calculations, payment instructions and answers in Russian. Before a new contract, hire or turnover change, we will check the consequences for your business.
Before paying salaries
Calculation and PPP-PD preparation. Salary changes, bonuses and employee information must therefore be provided before payment, not with the bank statement at month-end.
15 days after the period
The general VAT return and payment deadline for a registered payer. We will include the specific monthly or quarterly period and other reporting dates in your calendar.
We build the calendar around your structure, regime and transactions. We will agree the start date and handover of earlier periods so current reporting always has someone responsible.
A clear scope of support
The support fee, not the tax amount
Accounting and tax support in Serbia
from 50 €
per month for basic sole trader support
A starting package for a simple set of transactions. For a DOO, VAT, employees and international transactions, we will quote based on workload and tasks, not merely the company name.
Additional costs, if required
- Business taxes and mandatory contributions are separate from service fees
- Year-end closing and reporting if not included in the contract
- Bookkeeping reconstruction, corrections and transfer of complex balances
- Payroll beyond the package, inspections and specialist tax opinions
To prepare a proposal, we need the structure, regime and approximate transaction and employee counts. The quote will separate the monthly package, one-off tasks and the grounds for fee changes as workload grows.
Before work begins
Business owners’ questions, not an accounting textbook
Are the 6 million flat-rate and 8 million VAT thresholds the same limit?
No. Flat-rate eligibility uses a threshold of RSD 6 million turnover per calendar year; mandatory VAT registration applies when qualifying turnover exceeds RSD 8 million over the preceding 12 months. These are different periods and rules; leaving flat-rate taxation does not always mean entering VAT at the same time. We will check the turnover composition and when the obligation arises from your documents.
What if turnover has already exceeded RSD 8 million?
Do not wait until year-end. As a general rule, VAT registration must be filed within 5 days of exceeding the threshold for the preceding 12 months. We will check which transactions count, when the threshold was exceeded and the required actions. If the deadline was missed, we will review corrections to past transactions separately.
Is flat-rate tax the same for everyone?
No. The calculation depends on the activity code, registered location, entrepreneur’s circumstances and applicable conditions. We will check the estimate using the official calculator and the charges in your tax assessment. The €50 shown on this page is our basic support fee, not the amount of tax.
The business has not earned anything yet. Is accounting still needed?
No sales does not mean no obligations. A sole trader may still have regime-based charges; a DOO may still have accounting, reporting and director-related obligations. We will review actual activity, payments and status, then propose an appropriate scope of support.
How can I estimate an employee’s total cost?
We will take the desired take-home amount, contract type, employee status and applicable concessions. We will show gross salary, deductions, contributions and the employer’s total cost. One “neto” amount does not represent the full hiring budget.
Can I switch to you mid-year?
Yes. We will agree a date, request balances and documents from the previous accountant and assign responsibility for open periods. If reconstruction is needed, we will specify its scope and cost before starting.
Typical situations
The accounting tasks we help with
These typical situations show how we organise documents, payments and reporting for sole traders and DOO companies.
Typical situationMy sole trader business is open — what do I pay and when?Registration is complete, but the assessments, payment details and deadlines are unclear. Accounting needs to be organised before questions accumulate.See the action plan
What we will do
- Check the tax regime and received decisions
- Create a payment calendar and accounting document checklist
- Set up regular information exchange with explanations in Russian
What you receiveA clear accounting process, obligations calendar and agreed scope of monthly support.
Get a plan for my task Typical situationA DOO changes accountant or expands its activitiesThe accounts need to be taken over, filed reports checked and new transactions, employees or VAT issues addressed.See the action plan
What we will do
- Agree the transfer of accounting records, reports and source documents
- Check outstanding obligations and upcoming deadlines
- Determine the scope of support based on the company’s actual transactions
What you receiveAn accounting handover plan, a list of issues to correct and a transparent monthly scope of work.
Get a plan for my task Client experiences
Accounting questions in client stories
Real tasks and our team’s work, based on clients’ Google Maps reviews. You can open a screenshot of the review within each story.
Stories: 3
All cases and reviewsNext step
Get a plan and quote
for your circumstances
Tell us whether you are a sole trader or DOO, the tax regime, VAT and employee status, and approximate transaction volume. We will prepare the package scope, monthly price and onboarding plan.
Personal planScope and price of servicesIn RussianEstimated timeframes
