Optimization of the tax system for small and medium-sized businesses in 2012

The article contains the brief overview of general and specialized ways of tax planning. Also different ways of optimizing the tax payments for the economic agents, which use the general system of taxation are demonstrated. Among the most effective and easiest ways to optimize the taxation for small and medium-sized businesses is to modify the tax system, that means to use one of the special tax regimes, for example, Simplified Tax System, Unified Agricultural Tax, Patent Based Simplified Tax System and so on (in accordance with changes of tax legislation in 2013). We compare these tax systems, and as a result, determine all advantages and disadvantages, strengths and weaknesses of them.