Accounting and tax optimization of fixed assets transactions

Abstract

The correct organization of accounting of transactions with fixed assets is of great importance both for the reliable presentation of information in financial statements and for determining the result of the enterprise's activity both in accounting and for taxation purposes. Due to the fact that operations with fixed assets represent not only the receipt and disposal, depreciation accrual, repair, leasing operations, contribution to the authorized capital, etc., thus the author analyzes the consequences of such operations on the result of the enterprise's activity and income tax liability from entrepreneurial activity. This article considers various situations on operations with fixed assets, as well as their impact on the indicators of financial statements of the enterprise. According to the materials of the conditional examples it is possible to analyze the tax consequences for the enterprise on operations with fixed assets, to outline ways to optimize tax payments and correctly develope a policy of tax planning of the enterprise regarding transactions with fixed assets. CZU: 657.421+336.226; JEL: M41