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Level of Urgency for the Application of Integrated Financial and Tax Reports for MSME Actors: A Cost and Benefit Analysis Approach

Author

Listed:
  • Rizka Ramayanti

    (Trilogi University)

  • Nurul Aisyah Rachmawati

    (Trilogi University)

  • Yunita Fitra Andriana

    (Trilogi University)

Abstract

This study aims to analyze the urgency of applying integrated financial and tax reports for MSME actors, using a cost and benefit analysis approach. The data used in this study is primary data. This study distributed questionnaires to 109 MSMEs in Indonesia. The data obtained were then analyzed using descriptive qualitative research methods. The results show that respondents' perceptions of MSMEs' benefits of using financial statements and taxes will be greater than the costs. Therefore, recommendations for making integrated financial and tax reporting applications can be urgently applied among MSMEs. Besides, the benefit analysis results with the most significant score is that MSMEs can make financial and tax reports on time. The application can find out the latest conditions of developments. Meanwhile, in terms of costs, the application requires quite a lot of expenses due to the use of the internet and the initial expenditure for purchasing mobile phones, applications if it is paid and other costs. Key Words:inancial Report; MSMEs; Tax Report

Suggested Citation

  • Rizka Ramayanti & Nurul Aisyah Rachmawati & Yunita Fitra Andriana, 2022. "Level of Urgency for the Application of Integrated Financial and Tax Reports for MSME Actors: A Cost and Benefit Analysis Approach," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 11(5), pages 377-387, July.
    • Handle: RePEc:rbs:ijbrss:v:11:y:2022:i:5:p:377-387
    DOI: 10.20525/ijrbs.v11i5.1899
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    References listed on IDEAS

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    1. Jihene Ghorbel, 2019. "A Study of Contingency Factors of Accounting Information System Design in Tunisian SMIs," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(1), pages 74-103, March.
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