entity

At the present stage of dynamic development of the world economy, active processes of interpenetration of technologies and capital, expansion of economic relations, economic entities are increasingly faced with various socio-economic challenges. In view of this, the role of foreign economic activity is increasing not only for economic entities, but also for the country as a whole, since all systemic transformations of the economy affect the characteristic features of the development of the specified sphere of activity.

The article deals with the problems of taxation system choicein accounting and reporting of entities in different categories. Considered gradation of modern entities depending on the amount of annual revenue and number of employees and the entity (micro, medium or large businesses). The necessity of choosing a simplified form of accounting that must be carried out taking into account the selected taxation system.