Optimization of Tax Payments and Their Accounting in the Accounting and Analytical System of the Corporation

Abstract

Optimization of the tax burden includes the reduction of tax liabilities as part of the taxpayer’s applying instruments enshrined in the existing law. One of such tools for reducing the tax burden is accounting policy. The relevance of this topic lies in the improvement of tax regulation tools and the use of new information technologies in the area of accounting and economic policy in view of the tax optimization. As the methodology, the following research methods were used: theoretical (analysis, synthesis and induction), empirical (analysis of the volume of non-cash transactions according to the Federal Tax Service reporting data and interpretation of expert opinions on the issue), methods for the graphical use of data. The research is aimed at considering the main areas of tax optimization. An accounting policy, as a tool for optimizing taxation, can be effective in view of the current legislative and regulatory concepts, which allow for several accounting methods, the use of various methods and approaches, permission for an economic entity to independently develop accounting methods, the variable choice of accounting elements and no strict regulation of possible accounting methods, which provides ample opportunities to reduce the tax burden for an entity. The scientific research outcomes obtained as a result of the research are aimed at supplementing the theoretical basis of economic disciplines related to financial management at an enterprise and accounting policy arrangements.