Tax compliance is currently a topical issue, especially in developing countries, as governments seek ways to improve efficiency in tax revenue collection to finance their budgets. SMEs are the majority business taxpayers in most developing countries and thus their compliance levels directly impact on the governments' tax revenue collection. This study investigated the determinants of tax compliance in SMEs, focusing on how tax knowledge and compliance costs affect tax compliance behaviour of SMEs in Zimbabwe. The main objectives of the study were to investigate how business conditions of SMEs, perceptions of SME operators, levels of tax knowledge and compliance costs can affect SMEs’ tax compliance behaviour. The results indicated that SMEs face unique business conditions which cause them to bear high tax compliance burdens. The perceptions of SME operators about tax fairness and government spending greatly affect their tax compliance decisions. The study found tax knowledge to have no correlation with tax registration compliance but weak negative correlations with filing compliance. Compliance costs were found to have negative correlations with tax compliance.
This book makes an analysis of the efficiency of presumptive taxation as a mode of taxing Small Business Enterprises in Uganda which is categorically a hard to tax sector. Considering their peculiar characteristics, the tax was introduced in the hope that it would enhance easy tax compliance by Small Business Enterprises and enable government raise increased revenue from this sector. The study revealed that the legal regime on presumptive taxation presents with limitations and has therefore not enhanced an increased tax yield from the sector. The study noted that extra-legal factors have also come into play and inhibited the efficiency of this tax system.
Micro and small enterprises are the key for most developed and developing countries’ economy, due to the fact that micro and small enterprises play in creating employment opportunity and supporting large manufacturing companies in the economy. The results of most research studies reveal that, most micro and small enterprises in developing countries especially in Ethiopia have many problems for transformation and growth due to different factors. Thus, this research assess “determinant factors for the transformation micro and small enterprises in to medium level industry in Addis Ababa City Administration” by taking a sample of 74 transformed micro and small enterprises. The objective of the study was to identify the determinant factors for micro and small enterprises transformation in to medium level industry. The results provide evidence that finance access, management know how, market access, support MSEs get, accounting and record keeping is positively and significantly related with average capital growth. Poor infrastructure and is negatively and significantly related with average capital growth but no relationship between technology and average capital growth.
This study investigates the Small and a medium enterprise (SME) sector in Pakistan and identifies the determinants of their business success. Theory suggests that financial resources are most important factor for growth and performance of business. The study examines the roles of financial resources and other factors (marketing strategy, technological resources, business plan, government support and business plan) in the success of SMEs. The study concludes that there is a significant relationship between business success and its determinants. It also suggests certain measures to the stakeholders for the improvement of SME sector in Pakistan.
This book examines the various factors of credit worthiness in order to assess their influence on access to bank credit by small and medium sized enterprises (SMEs). Finance has been identified in many business surveys as one of the most important factors determining the survival and growth of SMEs in both developing and developed countries. Access to finance enables SMEs to participate in productive investments, thus ensuring their competitiveness and that of the nation as a whole. Despite their dominant numbers and importance in job creation, small and medium enterprises often face difficulty in obtaining bank credit. A review of the literature on financing small and medium sized enterprises shows that there is a gap in knowledge of the determinants of access to bank finance by the SMEs in developing countries such as Kenya. Most studies are limited in scope. Therefore, this study investigated both financial and non financial factors which determine access to bank credit by SMEs in Kenya.
This book discusses the effect of taxes on the growth of Small and Medium Enterprises (SMEs) in Kenya and possible alternatives in a bid to encourage tax compliance and growth of SMEs without compromising environmental conservation efforts. After a review of issues on taxation and enterprise, the author identifies the types of taxes levied on SMEs in the plastic manufacturing sector and examines the effect of taxation policy on the growth of SMEs. Consequently, she suggests policy measures that can influence tax compliance and growth of SMEs in the plastic manufacturing sector in Kenya. She also discusses factors that constrain the growth of SMEs such as: tax categories, taxation policies and the regulatory environment. She argues that stagnation of the growth of SMEs is as a result of non-supportive tax laws. In this regard, the author recommends that the Kenya government should impose lower taxes which would ensure collection of revenue and still enable the economy to have sustainable development which is environmental friendly. This book is recommended to policy makers, businessmen and Business Studies scholars who wish to gain knowledge about taxation and its impact on SMEs.
Evidence indicate that Small and medium enterprises (less than 250 employees) are “the life blood of modern economies”. However, globalisation of markets, the liberalisation of trade, deregulation, and the knowledge economy, are all interrelated phenomena which pose new challenges to small and medium enterprises (SMEs). Employees leave, customers come and go, and their knowledge leaves with them. This knowledge drain costs time, money and customers for the organisations. Hence, adopting knowledge capture strategies in SMEs will help to identify and disseminate knowledge of employees and customers, thereby enabling a sustainable competitive advantage for organisations. However, SMEs are less endowed in human, financial, technological and training resources than large organisations and therefore are restricted in their adoption of comprehensive strategies. The aim of this book is to facilitate knowledge capture initiatives for improved competitiveness in SMEs in the construction industry.
Examining the effect widening access to the global marketplace has had on the international legal landscape, this book presents the first comprehensive analysis of the interaction between small and medium-sized enterprises (SMEs) and international economic law.
The Micro, Small and Medium Enterprises (MSMEs) sector constitutes an important segment of the Indian economy in terms of its contribution to the country’s industrial production, exports, employment and creation of an entrepreneurial base. MSMEs have the advantages of generating gainful employment with low investment, diversifying the industrial base, reducing regional disparities through dispersal of industries into rural, semi–urban and backward areas. The Micro, Small and Medium Enterprises are more labour intensive and capital saving when compared to the large firms. They are better suited to the factor proportion in the labour abandoned economy like India Micro, Small and Medium Enterprises play a strategic role in the economic progress of the country. These industries by and large, represent a stage in economic transition from traditional to modern technology. The transitional nature of this process is reflected in the diversity of these industries micro, small and medium enterprises use simple skills and machinery while many others use modern and sophisticated technology.
The Book deals with the Total Quality Management (TQM) Practices in India. The Concept of Total Quality Management (TQM) is the integration of all function and processes within the organisation in order to achieve continuous improvement of the quality of goods & services produced in the organisation. The focus of the study is to analyse the implementation of the Total Quality Management in Small and Medium Enterprises (SMEs). The Small and Medium Enterprises are playing a catalytic role in the development process of economies of many countries. The increase in the number of SMEs and Continuous rise of proportion in the production quantity,in the manufacturing, in the exports, in the manpower employment, in the technical innovations and in the promotion of entrepreneurial skills. Maintenance of Quality Standards in accordance with the ISO standards in SME sector and Team-building activities in the employees in the SMEs have shown positive impact on the Performance of the Small and Medium Enterprises. Hence, the book will help the policy makers, entrepreneurs and other stake holders to understand the SME sector better and act accordingly.
The long-term survival of micro,small and medium enterprises in developed and developing countries remains an intensely debated issue in the literature. Marxists, as well as Schumpeterian and neoclassical economists,argue with persuasive force that small enterprises are destined to disappear as economies reach more advanced stages of development and global integration.The fundamental reason for this claim relates to the perceived operational inefficiency of MSMEs and their inherent lack of economies of scale.Despite such theoretical assertions,MSMEs in Ethiopia have maintained an impressive degree of resilience and survival amidst highly adverse macroeconomic circumstances and poor institutional support.The fact that MSMEs have managed to survive in spite of numerous challenges to growth offers a compelling rationale for isolating & explaining the critical determinants of resilience & expansion of MSMEs in Ethiopia.This study extends the existing literature on how social networks enhance the performance and sustainability of small enterprises. More specifically,the study isolates & investigates the mechanisms through which social capital helps with the growth & survival of MSMEs.
The study is conducted to assess tax morale and tax compliance perception of taxpayers in a case of selected business organization. Since tax compliance is very sensitive issues for every tax authorities; therefor, this study examine the perceptions of taxpayers,the differences of tax morale between the three categories of taxpayers, analyze the relationship between attitudes tax morale of taxpayers and tax compliance and also analyze the relationship between tax morale of taxpayers and factors that are considered to affect or shape tax morale, such as attitude towards of tax authority, government, legal system, tax officials, tax system, and awareness and compliance perception. The results showed that business taxpayers found in Adama city have a good tax morale perception which implies that they do have good attitudes towards paying tax; however the degree of tax morale was different from category to category.
The informal financial institutions constitute; village banks, cooperative credit unions, state owned banks, and social venture capital funds to help the poor. These institutions are those that provide savings and credit services for small and medium size enterprises. They mobilize rural savings and have simple and straight forward procedures that originate from local cultures and are easily understood by the population . The creation of small and medium size enterprises generates employment but these enterprises are short live and consequently are bound to die after a short while causing those who gained job positions to lose them and even go poorer than how they were.There fore, targeting thesmall and medium size enterprises is found to be the major instrument for poverty reduction by creating jobs for the poor. The book presents all topics inrelation to micro finance and development of small and medium size enterprises in attractive and interesting manner. It helps to understand the impact of micro finance on the development of small and medium size enterprises.
Modern tax administration in general and VAT administration in particular requires the transfer of tax responsibilities from the Revenue office to the tax payers to register in the tax system, to file VAT returns in time, to make accurate returns and to pay the required VAT voluntarily and timely based on the self-assessment system. The main aim of this research is to point out ways of improving voluntary VAT compliance through the identification of factors influencing compliance behaviors of value added taxpayers. The subjects of the study include 251 VAT registered Contractors and 5 VAT Team Leaders. The results of the study depicted that most of the VAT registered contractors have a positive and encouraging attitude towards government (public) expenditure program and that the AACG was considered as trust worthy in the efficient and effective utilization of the tax revenue for the provision of public goods and services for the well-being of the residents. Therefore, it is concluded that the status of the Value Added Tax Compliance in AACGRA has its own strength and weakness.
The «Tax Translator» offers much needed advice and guidance on tax compliance for institutions of higher learning College and university officials often are unaware of their institutions' tax obligations. Especially for institutions without designated tax compliance officers, the consequences of such ignorance can devastating. Based on its author's decades of experiences as a tax manager at three universities, this handbook was written for all university staff involved with tax compliance—from the account clerk in the Accounts Payable Department, up through vice presidents, controllers, treasurers and directors. Steve Hoffman explains the core principles and practices that inform current tax policy and develops a framework for building a system for effective tax compliance, reporting and filing. Satisfies the urgent demand for timely, authoritative advice and guidance on a area of increasing concern for colleges and universities Sheds new light on the impact of current tax obligations for both four-year and community colleges, which are often left out of the discussion The Federal Government has recently stepped up its enforcement of tax law compliance for colleges and universities
Small and medium enterprises contribute significantly to employment and economic growth for any country. However, lack of capital funding, business planning related issues and poor management practices, are among constraints hindering the growth and development of small and medium enterprises in Kenya. The general objective of this study was to assess the effects of business planning on the servicing of loans by small and medium enterprises in Eldoret town. The study was conducted in Eldoret municipality on small and medium enterprises engaged in hair salon businesses. The research design adopted for this study was a survey research design. The target population was 617 Hair Salons from Eldoret town; beneficiaries of financial institutions loans and which had been in operation for at least three years by the time the study was being conducted. A purposive sampling technique was used to select 123 Hair Salon owners who had benefited from bank loans. The survey data was obtained with the aid of structured questionnaires. In this study, a pilot survey preceded the actual data collection. The approach that was adopted in this study was based on the theory that servicing of loans by sma