Individual entrepreneurs and commercial organizations are required to pay taxes in accordance with tax laws. For those who are just starting out in business, it can be difficult to understand the rules governing the payment of taxes. This, in particular, concerns the choice of the tax regime.
Instructions
Step 1
Understand the tax regimes established by law for different types of activities. There are general and special taxation regimes, including a simplified system, a patent system, and a single tax on imputed income. Special regimes often govern specific activities such as retail or agriculture.
Step 2
If your company is large enough, and the circle of counterparties is wide, opt for the general tax regime. Working under this tax regime, it is important to ensure the completeness and accuracy of accounting for expenses, income and business transactions.
Step 3
Consider using the simplified taxation system (STS). For this tax regime, there are two types of objects of taxation: income and income minus expenses. The first one is most suitable for those types of business where there are no serious expenses, for example, for the maintenance of an office or remuneration of employees. If the activity involves significant costs, you should choose income reduced by the amount of expenses as an object.
Step 4
Please note that companies operating under the simplified system are exempt from corporate property tax and VAT. In some cases, the business is also exempted from paying income tax. To switch to this type of taxation, when registering an enterprise, it is enough to submit an application to the tax authority.
Step 5
Clarify what are the rules for doing business based on the unified imputed income tax in the territory of your constituent entity of the Russian Federation. As a rule, UTII is introduced by local authorities for specific types of activities, for example, for repair services, consumer services, retail, and so on. The transition to UTII exempts the company from paying value added tax and property tax. Not the entire enterprise can be transferred to this type of taxation, but only a part of it, for example, one of the stores.
Step 6
If your sole proprietorship employs no more than fifteen people, and the volume of revenue for the year does not exceed 60 million rubles, consider using the patent tax system. A patent is granted for a specific type of activity; if the enterprise is diversified, you will need to obtain several patents. The value of a patent is determined by taking into account its duration and the probable revenue that the enterprise can receive.
