How to run a small business

A small business is characterized by the fact that the total share in it of various organizations, as well as foreign legal entities or individuals, should not exceed 25%, and the number of employees is 100 people. To keep records of such an enterprise, the head can create a special department, hire an accountant or entrust reports to the company providing such services. But he can also run a small business, his reporting, independently.

Instruction manual

1

Choose the legal form of doing business. The simplest such form is BYBUL, in this case there is no need to keep financial statements. Such entrepreneurs keep records of income and expenses in the manner prescribed by the tax legislation of the Russian Federation. Entrepreneurs without the formation of a legal entity submit reports to the tax inspectorate once a year in the form of a declaration of personal income.

2

The optimal form for conducting a small business is the form of an LLC - a limited liability company. Law No. 129-FZ establishes uniform rules and procedures for organizing and maintaining accounting, which apply to legal entities related to the definition of "small business."

3

For reporting on the conduct of the enterprise, which refers to a small form of business, it is optimal to use a simplified chart of accounts. Cash in such an enterprise, consider the traditional methods. Accounting greatly facilitates the fact that there are no accounts for the accounting of income and expenses of future periods, as well as a reserve for future expenses.

4

In accordance with the laws currently in force, the reporting of a small business consists of the following types of documents: balance sheet, profit and loss statement, all applications, the composition of which is regulated by regulatory acts. These include: reports on the movement of capital and cash, an appendix to the balance sheet and an explanatory note. The reliability of the statements must be confirmed by the conclusions and acts of audits.

5

The government is taking steps to simplify the reporting of small businesses and promises that such enterprises will report once a year. So far, reporting documents are submitted to the tax inspectorate and various funds on a quarterly basis. In addition to accounting, you need to prepare and submit statistical reports to the relevant state control authorities.