OPTIMIZATION OF INSURANCE PAYMENT BY SELF-EMPLOYED ENTREPRENEURS
Introduction. Regardless of the applied tax regime, self-employed entrepreneurs have to pay the insurance payment in the state non-budget funds both for their employees and for themselves. The first sum of the insurance payments (fixed payment) shall be paid by December 31. At that, an entrepreneur may pay insurance payments during the year or do it at the end of the year. The goal of the research is to find out, which procedure for payment of insurance payments is better for self-employed entrepreneurs, and to obtain some tax optimization. Results. The impact of terms and sums of insurance payments on the tax burden of the entrepreneur for the general tax regime, simplified taxation system, and patent taxation system as well as for the case of application a unified tax on imputed income of individual entrepreneurs was considered. Calculation of advance payments and the tax when simplified taxation system with such subjects of taxation as «gains», «gains less losses» for regular and irregular gains of a self-employed entrepreneur was offered. When a self-employed entrepreneur used a patent, he could pay the fixed insurance payment any time of the year as the sum of insurance payment had no impact on the patent cost. If the self-employed entrepreneur chooses an unified tax on imputed income of individual entrepreneurs, the fixed insurance payment is better to be paid on a trimestrial basis. If the self-employed entrepreneur delays paying for the quarter, the sum of insurance payments will be lower for the 4 <sup>th</sup> quarter only. If the entrepreneur chooses a simplified taxation system, it is also unprofitable to pay all the sum of the fixed payment at the end of the year as there is high probability of tax overpayment. The overpayment may be accounted as future payments. In fact, the entrepreneur will give the state a loan without interest, drawing away money from circulation. Conclusion. The calculations showed the entrepreneurs could influence on the sum of the total tax burden depending on the chosen order of fixed payments. Payment of fixed insurance payments at the beginning of a year or in the course of the year with equal sums helps to optimize the tax burden of a self-employed entrepreneur who chooses a simplified taxation system. It is better to pay all the sum of insurance payments in the first quarter of a year if most gains are obtained in this very part of the year. Besides, it will help to prevent from overpayment of the advance payments in case of a simplified taxation system. The entrepreneurs who use a unified tax on imputed income of individual entrepreneurs shall pay insurance payments every quarter.