Reduce your costs and benefit from the entrepreneur deduction
As a private trader, you can deduct business-related expenses in your taxation, such as tools, software, phone, computer, workspace, as well as marketing and bookkeeping costs. In addition, you automatically receive a 5% entrepreneur deduction on your profit.
Setting up is fast and affordable
You can set up a private trader easily. With UKKO Yrittäjä, you follow a guided process and get your business ID right away. Setting up is completely free in the service, and no starting capital is required.
Bookkeeping is simple
With lower revenue, you can use single-entry, cash-based bookkeeping. Taxation for a private trader is handled as part of your personal taxation. Cash-based bookkeeping means that income and expenses are recorded only when the money actually moves in or out of your bank account.
Suitable for many industries
A private trader business suits almost any industry, including those that require permits. When you work with a business ID and are registered in the prepayment register, your customers can benefit from the household tax deduction. Business IDs created through our service are automatically added to the prepayment register.
A flexible way to start and grow
If your business grows, you can later switch to a limited company. Closing a private trader business is also simpler than closing a limited company.