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Is the Commission proposing to abolish bookkeeping for micro companies?

April 26, 2017abolish bookkeeping Commission companies Micro proposing

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Is the Commission proposing to abolish bookkeeping for micro companies?

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Proper bookkeeping is essential for the management of any company. Member States have bookkeeping requirements for companies and these will continue to be in place. The Commission proposal will enable Member States to align their accounting requirements to the needs of the users of micro companies’ accounts, mainly creditors and tax authorities.