After registering an individual entrepreneur, an individual entrepreneur has the right to choose a taxation system that is convenient for himself and submit a report either 2 times a year, or monthly, or once a quarter. The quarterly report must be submitted to the tax authorities within 30 days after the close of the quarter, that is, an individual entrepreneur is obliged to submit it 4 times a year if such a taxation system is chosen. The report on the closed quarter should be submitted to the tax office along with receipts for payment of taxes.
It is necessary
- - gains and losses report;
- - balance sheet.
Instructions
Step 1
People who do business on an irregular basis choose the simplified taxation system. Entrepreneurs who work with stability choose to pay a single tax on imputed income.
Step 2
The choice is due to the fact that it is much easier for a non-working entrepreneur to pay a simplified tax twice a year, which amounts to 15% of income. It does not require quarterly submission of reports if the entrepreneur does not use hired labor. Businessmen who are on a single tax need to submit reports in smaller quantities, but on a quarterly basis.
Step 3
The closure of the quarter must take place strictly according to the forms approved by the Ministry of Finance. Form No. 1 is the balance sheet and Form No. 2 is the Profit and Loss Statement.
Step 4
A report is drawn up either in electronic form or in paper form, and is submitted within one month after the end of the quarter. The date of submission of the report is the date of its actual transmission to the inspector. If the quarterly report is sent by mail, then the day of sending will be considered the date of submission of the reports.
Step 5
Every entrepreneur, no matter what system he is on, must keep records of both income and expenses using the Book of Records, which must be registered with the tax office. The advantage is that the accounting of income and expenses does not require the presence of primary documents due to the fact that this does not in any way affect the size of the tax rate and gross income.
Step 6
When filling out the report, the types of activities of the entrepreneur and the identification code are transferred to the approved report form from the taxpayer's certificate. Account movements can be taken from the ledger of income and expenses. And the amount of paid tax is recorded along with the number of the receipt or payment order.
Step 7
If an entrepreneur begins to act as an employer, he will have to register with the Social Insurance Fund and the Pension Fund - then instead of 2 report forms he will have to submit 4. Contributions to these funds will have to be paid based on the wages of employees. In addition, it is necessary to withhold personal income tax from each employee and transfer it to the state budget.
