Course Objective

The goal of the course is to introduce participants to the legislative benefits and risks applicable to small entrepreneurs, individuals, and other types of organizations operating in the creative industries sector. These are essential for the optimal management of their business activities, correct use of legislation, and effective development of financial strategies. The course is also focused on familiarizing participants with the procedures that will enable entrepreneurs to maximize the use of tax benefits and successfully develop their activities. The program includes both theoretical material and practical tasks, which will help participants independently carry out accounting and financial operations.

Category of Participants

Startuppers, entrepreneurs, and small business representatives, accountants, financial consultants, non-profit legal entities, and individuals.

Teaching Format

Evening courses with in-person attendance in a hybrid format.

Methodology

Theory, literature, practical work, discussion.

Trainer

Tamara Barbakadze, Finance Manager at the USAID Middle Corridor Transportation and Logistics Program.

Syllabus

Lecture 1

Theory – Fundamentals of Entrepreneurship

• Business registration, rights of entrepreneurs, payment flexibility, licenses, and permits

• Organizational-legal form of a business

  Practical Work

• Test

Lecture 2

Theory – Taxes in Georgia

• Overview of the tax system

• Tax rates and payment terms

• Special taxation regimes for startuppers

  Practical Work

• Perception of taxation models and examples, tests

Lecture 3

Theory – Special Taxation Regime

• Granting the status of small/micro entrepreneur

• Determining the taxable income for small businesses, tax rate, and taxation procedure

• Tax obligations
  
  Practical Work

• Test

Lecture 4

Theory – Special Taxation Regimes and Risks (II)

• Income and expense accounting

• Cancellation of small business status and inventory accounting

• Tax reforms in 2025
  
  Practical Work

• Test

Lecture 5

Theory – Tax Audits, Sanctions, and Overview of the Tax Card on RS.GE

• Types of tax audits

• Tax obligations and sanctions

• RS.GE – personal tax card
  
  Practical Work

• Case analysis and discussion of issues

Lecture 6

Theory – Tax Declarations

• Declaration filling procedure when a small entrepreneur is not a VAT payer

• Declaration filling instructions when a small entrepreneur is a VAT payer

• Source-related tax declaration

• Profit declaration

• Using video instructions
  
  Practical Work

• Practical examples of filling out declarations

Lecture 7

Theory – Preparing Financial Reports

• Profit and loss statement

• Balance sheet

• Budgeting fundamentals
  
  Practical Work

• Practical examples of filling out reports

Lecture 8

Theory – Business Plan

• Elements of a business plan

• Financial structure

• Recommendations
  
  Practical Work

• Practical assignment, test

Certificate

Upon successful completion of the program, the graduate will receive a certificate from Kettari Academy.