How To Pay Taxes On A Company

Table of contents:

How To Pay Taxes On A Company
How To Pay Taxes On A Company

Video: How To Pay Taxes On A Company

Video: How To Pay Taxes On A Company
Video: CORPORATION TAX BASICS EXPLAINED FOR SMALL BUSINESS (UK) 2024, December
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There are several taxation systems in modern economies, and the reporting of these systems also differs. How not to get confused and pay all the necessary deductions on time, as well as correctly fill out reporting documents?

How to pay taxes on a company
How to pay taxes on a company

Instructions

Step 1

To do this, you need to know under what taxation system your company operates. For each system, there are special lists of payments and accounting documents. If you do not want or cannot deal with taxes on your own, hire a competent accountant or conclude an agreement with any audit company. Specialists will monitor your reporting for a certain fee.

Step 2

If you are still going to deal with the affairs of your company on your own, then first of all find out what your taxation regime is. This can be a general regime, a simplified system (STS), a taxation system in the form of a single tax on imputed income (UTII), or some other special tax regime. If you use the general tax regime, you have to pay all mandatory tax payments, as well as fill out a large list of documents. With a common taxation system, it is not easy to handle tax reporting on your own. It is better if you choose a simplified taxation system.

Step 3

Recently, this is an increasingly popular tax regime, as it significantly simplifies reporting. Such a regime is suitable only for small companies whose financial activities do not include hundreds of various types of operations. If you use the simplified tax system, then you will have to submit once a year only a tax return for the taxation system of the simplified tax system, as well as general tax returns, with the exception of VAT, personal income tax and income tax returns. If you are an individual entrepreneur, then you will have to pay personal income tax, but you will be exempted from accounting.

Step 4

You can submit the reporting in person, through a representative, and send it by mail or via the Internet. In the latter case, you will be given a receipt for the receipt of reports. In other cases, the day of submission of reports is considered the day of sending. In any case, the tax authority must accept the statements from you and be sure to put marks on your acceptance. Do not forget that even if you do not actually conduct business, you are still required to file reports. In this case, it is called "zero".

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