Small business and

taxes

Виконала:
Тимкован
Владислава
БФ 2-13
 What is the small business?
Small business – is the business of
small firms and are not formally part of
any association.
 The characteristic features of small business
are:
• Independent management;
• Equity;
• Local area operations;
• Small size.
The benefits of small business are:

Low management costs

Does not require a large initial capital
High reversibility resources
Quickly responds to consumer needs
The disadvantages of small business include:

1. Small business is quite unstable structure;

2. Great commercial risk associated with the involvement of private fund;
3. Small business heavily dependent on economic fluctuations;
4. Weak susceptibility to the latest scientific and technical progress;
5. The limited financial resources;
6. Operation of small business depends largely on inflation.
 Taxes for Small business:
• Income tax - 18%
• «military duty» (1,5%).
• Single social tax - 22%
• VAT - 20%
 Small business ia a condition for solving many problems such as:

1.     Improving the quality of goods and services;

2.     Approximation of goods and services to individual consumers;
3.     Promoting economic restructuring;
4.     Creation of new jobs, reduce unemployment;
5.    The development and use of local sources of raw materials and waste large
enterprises.
 Stimulating Small Business Development:
1.     The system of taxation of small business;
2.     Public financing of small business;
3.     Simplified financing for small
businesses.
Thank You For
Attention)