An individual entrepreneur carrying out economic activities on the territory of Russia must keep accounting records. According to the law "On accounting", an entrepreneur without legal education must exercise control over income and expenses. The procedure for submitting financial statements depends, first of all, on the chosen taxation system.
Instructions
Step 1
According to the legislative act, individual entrepreneurs can apply the general taxation system, simplified and UTII. The method of accounting depends on the system chosen. Let's say you are using OSNO. In this case, you must pay personal income tax (13%) of the profit received. To calculate it, keep a book of income and expenses. You also need to calculate and pay VAT (18%). The tax is calculated on the basis of revenue and the cost of production, that is, multiply 18% by the amount of goods sold and reduce by the VAT that you paid when purchasing goods, materials, raw materials, etc. Use the sales ledger and the purchase ledger to track amounts. Under the general taxation system, you are required to pay insurance premiums to the pension fund.
Step 2
To report on all accrued and paid amounts, you must, within the time period established by Russian law, submit reports to the inspection. For example, to show all contributions, fill out and submit to the Federal Tax Service a declaration on personal income tax in the form of 3-NDFL. To report on VAT, draw up a declaration and submit it to the inspectorate. Reports should also be shown to both the FIU and the FSS.
Step 3
In the event that you use a simplified system, select one of the objects of taxation: income (6%) or income reduced by the amount of expenses (15%). Reflect all income and expenses in a special book. Also, you must pay a single tax on a quarterly basis, for this, calculate the advance payments, and at the end of the year the tax itself. Pay it after deducting the previous payments for the year. Pay your retirement insurance premiums on a quarterly basis.
Step 4
Submit a single tax return to the tax office no later than April 30th. You should also report on pension, insurance and social contributions.
Step 5
Individual entrepreneurs who use UTII must pay a single tax on imputed income (15%) on a quarterly basis. As in previous systems, you are required to calculate and transfer premiums to the FIU.
