Sole trader accounting
Accounting for sole traders in Finland
A sole trader (toiminimi) needs bookkeeping, VAT returns once registered for VAT, and a business tax return every spring. As an accountant for sole traders, we do all three for a fixed 69 euros a month plus VAT, in English or Hindi, with no limit on the number of receipts.
What is included
- Bookkeeping every month, from your receipts, sales invoices and bank lines, with costs on the right accounts and the VAT split by rate.
- VAT returns filed in MyTax by the due date when the period's material reaches us in time, including periods without activity that still need a return. Our article on VAT return deadlines has the dates.
- The business tax return (Form 5), due by 1 April and prepared from books kept up to date through the year. See our article on the sole trader tax return.
- The accounting software, paid by us.
- Answers in between: a car, a client abroad, a first employee, a letter from the Tax Administration.
What a sole trader has to look after
- Bookkeeping under the Accounting Act; a toiminimi may keep single-entry books. Our article on toiminimi or Oy compares the two forms.
- VAT registration once turnover passes 20 000 euros in a calendar year; see our article on the VAT registration limit.
- Prepayment tax, set from the latest tax assessment or, in the first year, your own estimate; see our article on prepayment tax.
- YEL pension insurance, compulsory once your YEL income is at least 9 423.09 euros a year in 2026 and the other conditions are met; see our article on YEL.
- The deductions without an invoice, from per diems and kilometres to the home office deduction, listed in our article on deductions a sole trader forgets.
Prices
| What | Price | What it covers |
|---|---|---|
| Sole trader | 69 € / month | Bookkeeping, VAT returns, the business tax return at year-end, the accounting software, and the answers in between. No limit on receipts. Above 240 000 euros of turnover the company prices apply. |
| Company (Oy), turnover up to 240 000 € | 199 € / month | Bookkeeping, VAT returns, the financial statements and the tax return at year-end, the accounting software, and the answers in between. No limit on receipts. |
| Company (Oy), turnover over 240 000 € | 249 € / month | The same work for a bigger business. Still one fixed figure, still no limit on receipts. |
| Payroll | 15 € / run | One run is one pay date, whether you pay one person on it or a few. It covers the payslips, the Incomes Register report within five days, and the payments due on the 12th. Charged only in the months a payroll is actually run, whether that is once a year or every month. |
The sole trader price covers turnover up to 240 000 euros; above that the price is 249 euros a month plus VAT. If you employ someone, payroll is 15 euros per pay run, charged only in months with a payroll.
Who it suits
Freelancers, consultants, creatives and tradespeople running a toiminimi, and food couriers, who have their own page. If your business is growing and you are weighing a limited company, see accounting for a limited company and our article on turning a toiminimi into an Oy.
How it starts
- Email us what you do, roughly how many receipts and sales invoices you have a month, and whether you are in the VAT register.
- You get a written price and the agreement before any work starts.
- You approve our Suomi.fi mandate request, which lets us file for you. Approving it takes about five minutes; our guide shows the steps.
- You send the month's receipts and sales invoices; we do the books and tell you the VAT to pay before the due date.
Tell us about your business
Say whether you are a sole trader or a limited company, roughly how many receipts and sales invoices you have a month, and whether you pay salaries. You get a written price before anything starts.
Email usPlease don’t send bank credentials, personal identity codes or other sensitive data by email.