Svetlana Sviridenkova

When making a decision to purchase property (fixed assets) under the financial lease (leasing) agreement, a business owner rarely thinks about peculiarities of accounting and tax consequences that this method of acquisition will entail. In the financial lease agreement, it is necessary to indicate on whose balance sheet a leased asset [...]

In November 2018, the Ministry of Finance of the Russian Federation amended Accounting Regulations “Accounting for Corporate Income Tax” PBU 18/02, which are mandatory for accounting statements for 2020, i.e. for accounting from January 1, 2020.

Often we do not fully understand the whole complexity of tax and accounting legislation until we face it in practice. One of such examples is the creation of reserves for vacation pay for tax purposes.

According to the established tradition, at the beginning of the year, we will cover the main changes in the principles of accounting and accounting reporting.