THE ISSUES OF SMALL BUSINESS IN 2015

Small and medium businesses in the developed countries not only play a key role in the development of the economy, they also perform an important social function ensuring employment and satisfaction of needs for disposable goods and services. Considering these factors, one can state that the development of small businesses is the most important task of the government economic policy. The paper presents criteria for differentiation of an organization as a small business entity. The benefits that exist in the Russian legislation for small business are listed. The paper also describes the changes in tax computation procedure that concerns small business entities which apply special taxation scheme acting since January the 1^st 2015.