The Perception of the Economic Field Professionals Regarding the Accounting and Tax Regulations Specific to SMEs

Abstract

The present article aims to analyse the perception of the finance and accounting professionals regarding the regulations specific to small- and medium-sized entities which is based on a detailed study of the law system’s impact over companies of this sort, namely micro-entities. Therefore, in the present article we analyse the answers and considerations coming from economic field professionals (expert accountants, licensed accountants, internal auditors, financial auditors, tax advisers) and those of micro-enterprises managers with regard to the influence of accounting and tax regulations specific to small- and medium-sized entities, their impact on the performance of the companies’ normal activity, the advantages for such an entity and the disadvantages it faces, as well as their impact on managers’ decisions and consequently on management.

Keywords

• small- and medium-sized entities
• accounting and tax regulations
• financial statements
• micro-entities income tax
• income tax
• vat