Accounting policy and tax risks: modern solutions for business

Abstract

Tax risk management is one of the key aspects of financial stability of an enterprise. In the current environment, tax legislation is changing, which requires companies to constantly adapt their accounting policies. Ensuring the accuracy and compliance of accounting with tax requirements is necessary to reduce the risk of tax disputes and penalties. The purpose of the study. The purpose of the article is to analyze scientific approaches to the formation of accounting policies, to study the practical experience of enterprises and to develop an algorithm that will optimize tax liabilities and minimize tax risks. Research methods. The study uses the methods of analyzing scientific approaches, comparative analysis, and the development of algorithms for optimizing tax processes. The research methods used include an analysis of the practical experience of enterprises that use accounting policies to reduce tax risks.

Results. The article analyzes accounting policies and tax risks in the context of modern business solutions. It explores scientific approaches to the formation of accounting policies, practical experience of enterprises and the development of an algorithm that helps to optimize tax liabilities and minimize tax risks. For the effective use of the algorithm, special attention is paid to the interaction of enterprise departments, as well as the use of innovative technologies to automate accounting and taxation processes. The article emphasizes the need for regular review of accounting policies with due regard for changes in tax legislation and the economic environment. Conclusions. An algorithm for the formation of accounting policies to optimize taxation has been developed, which can be applied by enterprises of various forms of ownership and areas of activity. The importance of harmonizing the accounting policy with the requirements of tax legislation, as well as the introduction of innovative technologies for the automation of tax processes, is determined. A mechanism for effective interaction between enterprise departments (accounting, legal department, financial department) is built, which is the key to the successful application of the algorithm.