ABSTRACT

In recent times, investors prefer to invest in online schemes like: network marketing, online shops and electronic currency trading rather than investing in Small and Medium Size Enterprises due to the high cost of running Small and Medium Size Enterprises in Buea, Cameroon. This high cost is mostly associated with taxation related issues such as; multiple taxation, high tax rates, enormous tax burdens, levies and fines. SMEs play an important role in the economy of countries across the world in both the developing and developed nations. SMEs importance in the development of any country in recent years cannot be underrated especially regards to the creation of employment, improving people’s living standards, and contributing to the growth of the country’s Gross Domestic Product. Despite the role SMEs play in the growth of the economy, studies have shown that they report a high rate of failure with many winding up at the start up stage. A few of SMEs grow to become big enterprises because of a number of challenges they face which includes: Political insecurity; the Anglophone crisis in the case of Buea, Small Capital for expansion and multiple taxation. Multiple Taxation refers to a situation where a tax payer is faced with demand from two or more deferent levels government tax levied either for the same or similar tax. This study has as objective to examine the effects of Multiple Taxation on the growth of Small and Medium Size Enterprises in Buea.

ACCOUNTING PROJECT TOPICS WITH MATERIALS