General System of Taxation for Sole Entrepreneurs: Current State and Prospects

The purpose of the article is to study the status of accounting and taxation of the sole entrepreneurs' activity worked under the rules of a general system and to develop proposals for its unification and regulation. The actual issues of accounting and taxation of sole entrepreneurs in the general system are disclosed. The analysis of the number of sole entrepreneurs in Ukraine, their division into tax systems, the number of employees employed by entrepreneurs has been carried out. The problems of accounting and taxation of entrepreneurs in the general system of taxation are highlighted: the lack of proper methodology for accounting for income and expenses, the difficulties of using the cash method in accordance with the requirements of the current normative acts, the existence of unreasonable restrictions on the charging of expenses by entrepreneurs in this group (the use of the term "dual-purpose fixed assets" restrictions on the methods of accrual of depreciation), shortcomings in the form of income and expenditure accounting book. The requirements, which should be applied to expenses of entrepreneurs, are determined. The costs that are directly related to the receipt of income by entrepreneurs are systematized. The conducted research has allowed to substantiate ways of improving the accounting and taxation of sole entrepreneurs in the general system.