The ways of harmonizing of accounting and tax accounting of small enterprises

Small business plays an important role in the economy and determines the pace of economic growth of the country. However, unlike large and medium-sized organizations, most small businesses cannot afford to maintain an accounting department, and many individual entrepreneurs independently keeps records, fill out the necessary forms and declarations. In addition to accounting, it is necessary to keep tax records. Simultaneous maintenance of two types of accounting increases the work of entrepreneurs and complicates the calculation of mandatory tax payments. The article analyzes the complexity of combining accounting and tax accounting and offers specific directions for their convergence, which will simplify the relevant work of small businesses and increase the reliability of the calculation of taxes payable.