THE IMPACT OF ACCOUNTING POLICY ON THE SINGLE TAX ASSESSMENT

Abstract

The paper deals with the impact of accounting policies on the single tax assessment, therefore
special attention should be paid to its development. Enterprises using a simplified tax system, maintain records of income and expenses in the order established by the Chapter 26.2 of the Tax Code of the Russian Federation. Thus, maintenance of tax and accounting is reduced to the registration of the Ledger of revenues and expenses. If it’s convenient for a taxpayer, in addition to the Ledger of income and expenses he is entitled to establish additional accounting registers that are necessary for business accounting. Different versions of accounting policies contribute to the formation of various financial results of the company. The accounting policy has one of two possible objectives: minimization of tax burden; optimization of the company’s financial situation. The author believes that the accounting policy can significantly affect the single tax assessment, so companies should focus on its development.