What changes are waiting for an accountant in 2019?
The life of an accountant in our country is difficult, but incredibly interesting: an inhuman effort is to try to keep track of all the innovations and changes in tax legislation, as well as in the regulations governing the company's accounting, but at the same time, there is already a healthy excitement that does not allow with professional pride not to respond to these challenges.
Although, on the other hand, sometimes you start to think that the initiators of everything published in this area have recently just been sitting on bonuses for their ideas, or they are getting paid in proportion to the volumes invented by them ... In this connection, not all regulations and explanations, working on the territory of one seventh of the planet’s land, they are “friends” with each other. As, however, sometimes with logic and common sense too ...
Nevertheless, no matter how we, ordinary accountants and businessmen did not criticize our authorities in this regard, we have no choice but to live by their rules.Therefore, in order to stay afloat, prevent fatal mistakes and not suffer from it, you will have to keep abreast of everything new. And what awaits us in 2019 is definitely worth knowing in advance. Especially since he is just around the corner ...
Attention: new in PBU 3
Starting from 2019, one of the most serious innovations in terms of importance and laboriousness will be a completely new look at PBU-3. In connection with the tightening of monetary policy in our country, all assets in foreign currency, as well as liabilities in similar units, will need to be recalculated in the national equivalent in order to be reflected in accounting and reporting.
The relevant order was adopted in the late fall of 2017, and it will enter into force right from January 1, 2019. According to his letter, foreign currency liabilities and assets will be recalculated at the cross-rate, and in accounting for exchange differences related to liabilities and assets obtained in order to protect themselves from currency risks, it will be necessary to apply IFRS, part of the same currency proceeds, over that previously received in the same transaction The advance must now be restated at the reporting date.
The rules for recalculating foreign currency liabilities and assets for those companies that operate abroad and a number of other narrower issues were also unified.Globally, we are talking about all foreign exchange:
- financial investments
- bank deposits
- cash on hand,
- payment and cash documents
- settlement assets, including loans,
- non-current assets (intangible assets, operating systems, etc.).
The Ministry of Natural Resources decided to help all accountants who believed that before that they had little work, and they didn’t have to fill out and donate all sorts of pieces of paper to various organs.
This "help" was expressed in the latest report "Declaration on the impact on the environment" (yes, it is in the country where there is so much talk about simplifying accounting and tax policies, switching to digital economy, and so on ...). From the beginning of the next year, it will have to be handed over to all individual entrepreneurs and legal entities that deal with objects of the second category (those who are in the subject will understand what they are talking about) every seven years, if the parameters specified in the report do not change for them.
You can see if your company will affect all this in the amendments to Federal Law 219 “On Environmental Protection”, and the criteria for assignment to a certain category are found in Resolution No. 1029 of September 28, 2015, respectively.
The standards will cover all enterprises of mining, food and metallurgical production, farms for the breeding of poultry and livestock (in industrial quantities), etc.
In addition to traditional identification information, it will be necessary to indicate there what environmental measures were implemented during the reporting period, list all incidents and accidents that adversely affect the environment (the first report will need to mention all the facts from the previous seven years ...) report on the number of discharges and emissions, as well as the generated waste, and tell about the company adopted a program of industrial environmental monitoring.
The abolition of tax on movable property in the capital
So, the mysterious tax breaks on movable property of Moscow enterprises from the beginning of 2019 will cease to operate, since the period of renewal of the relevant regulatory act will expire. It seems that they acted before ...
It's funny, but when submitting the report in the first quarter of the current year and cheerfully incorporating the appropriate concession into it, the accountant didn’t realize how dodgy in this context may be the tax authorities in the capital.It turns out, in their opinion, only the transport purchased exactly in 2018 is subject to benefits. In this way, not earlier, and the reports submitted by them and the reports that they themselves have received are not a decree.
But, all the same, this fact is not long enough to be surprised: the zero rate even for this, taken just now, a novea on the balance will very soon lose its relevance at all.
In the new decade - with new standards!
The Ministry of Finance did take up seriously the development of federal accounting standards, and, starting in 2017, all new directives are being prepared for us with enviable regularity.
Many do not quite understand what makes them so radically different from the old ones, except that they allow us to bring to a common denominator in one place all the countless innovations that have occurred over the years. But it’s good that people pay for their salaries, and, frankly, we are more fun.
Well, as many have already noticed, a lot of everything has already been done in relation to “Stocks”, “Leases”, “Intangible Assets”, “Incomplete Capital Investments” and “Fixed Assets”, and in 2018-2019. we should be pleased with the new “Accounting Statements” (Hurray, hurray! And who has not dreamed of new forms of reporting right under the deadlines for its delivery?), “Document flow”,"DT and CT debt", as well as many others.
All this magnificence will begin to work from 2019 - 2020. And, moreover, in addition to the changes already mentioned in PBU-3, they plan to change something in PBU-18, 13 and 16.