In response to the assessments received from entrepreneurs on what inhibits innovation and the development of Polish enterprises, the government has taken measures to improve the conditions for conducting business operations and to reduce or remove barriers that hinder the development of entrepreneurship, including the possibility of simplification in the scope of financial reporting of small and medium enterprises. The article aims to show the impact of the legal changes made to the accounting act in the period 2014-2018 on the development of enterprises.