No less important point is that at the legislative level fixed features of legal regulation of SME. These include: special tax regimes, the simplified tax accounting, tax under a simplified form of specific taxes and fees, simplified methods of accounting and reporting; a simplified procedure for preparing statistical reports; privileged procedure of privatization of state and municipal property, especially the participation of in the procurement process for the supply of goods, works and services for state and municipal needs, measures to ensure the rights and legitimate interests in the exercise of state control (supervision), financial support measures, measures of infrastructure support. The new law also establishes the basic principles of support to SME, namely: a declarative for the treatment of SME's support, availability of infrastructure support for all SME equal access for SME units, corresponding to the criteria set out in federal, state and municipal support programs, to participate in respective programs, provide support for compliance with the requirements established by the Federal Law "On Protection of Competition"; openness of procedures for granting support. Obviously, the above-mentioned peculiarities of legal regulation of small and medium-sized business and principles of their support are a framework, and require a large array of changes in the existing legal framework. However, their inclusion in the new law is a normative consolidating the State's position with regard to SMEs and the starting point, giving lift to further developments in this field. On the positive side to stop the tyranny of bureaucrats and make transparent rules of the game is set directly in the new law to close the list of reasons for the denial of budget support and a list of activities for which such support can not be carried out. These include small and medium enterprises, non-credit, insurance organizations (except for consumer cooperatives), investment funds, private pension funds, professional securities market participants, pawnshops. Also, support will be provided to small and medium enterprises which are parties to the production sharing agreements, non-residents or working in the field of gambling. The new Act provides for transitional provisions. Organizations engaged in its activities as a small business before the coming into force of the law, but do not meet the terms of reference to small business entities established by the Act, retain the right to earlier support provided in accordance with federal and regional programs of development of small and medium enterprises in within six months from the date of entry into force of the new Act. Despite the undeniable relevance of the new Act, for its implementation, as noted above, the required changes in other applicable regulations today, as well as the development of appropriate federal, state and municipal programs. This is - a separate major challenge for the near future. Note that now in the State Duma has prepared amendments providing for changes in some legislative acts of Russia in connection with the adoption of the new Law on the development of small and medium businesses. In them something and contains key changes, which in practice are able to make life easier for SMEs. In particular, it is expected to amend Article 4 of the Federal Law of 21.11.1996 № 129-FZ "On Accounting", according to which organizations and individual entrepreneurs, translated into a simplified system of taxation or UTII, will be exempted from the obligation of accounting . For these categories of entrepreneurs deputies intend to achieve a softer part of the application of cash register equipment, which is planned to amend the Federal Law of 22.05.2003 № 54-FZ "On the use of cash technology in the implementation of cash payments and (or) calculations using payment cards. In order to complement the unified state register of legal entities and individual entrepreneurs information on their classification as micro enterprises, small and medium enterprises is expected to amend article 5 of the Federal Law of 08.08.2001 № 129-FZ "On State Registration of Legal Entities and Individual Entrepreneurs . An important guarantee for the value of small and medium-sized businesses will be the norm on non-proliferation of SME in the first four years of legislative changes, leading to an increase in their total tax burden. This is the so-called "grandfather clause", which insists on the adoption of the State Duma. Let's hope that these amendments would not be shelved, because they precisely represent the business the greatest interest.