What are financial statements - types and composition

Deadlines for submitting reports to the Federal Tax Service in 2020

The table below indicates the deadlines for submitting the main reports submitted to the Federal Tax Service (including new reports), taking into account postponements for all companies and individual entrepreneurs due to coronavirus, quarantine and non-working days in 2020.

Table. Deadlines for submitting reports to the tax office

Tax reporting for individual entrepreneurs with simplification, OSN, UTII

Reporting provided for individuals can be divided into the following categories:

• reporting, depending on the use of a particular tax calculation system;
• reporting for employees, if any;
• reporting on cash transactions.

Reporting depending on the taxation system used

Based on the chosen tax calculation system, the individual entrepreneur must provide the following documents to the Federal Tax Service:

It is important ! In cases where several tax regimes are used at once, it is necessary to separately carry out accounting, provide reporting to the Federal Tax Service and pay taxes.

Book of accounting of expenditure transactions made and profit received

Maintaining this form is provided for all individual entrepreneurs using OSN and STS. But since 2013, it is not required to be certified by the tax office. At the same time, every entrepreneur must have a numbered and laced KUDIR; failure to do so will result in a fine of 200 rubles.

Individual entrepreneurs using UTII do not keep a book, but in this case they take into account material indicators: square meters, number of staff units. How exactly they should do this is not provided for by law.

Reporting provided for by the Tax Code of the Russian Federation for employees

It can be divided into several categories:

• Federal Tax Service reporting;
• documentation provided to the Pension Fund and Social Security.

Tax reporting provided by the organization for its employees, if any:

Cash transactions: reporting

Individual entrepreneurs carrying out operations directly related to the issuance, storage, and registration of cash financial resources are required to adhere to cash discipline: compliance with the established limit, generation of cash documents.

Keeping records of cash transactions does not depend on the taxation system and the availability of a cash register. In the absence of a cash register, you can use forms that are strict reporting documents. Since the beginning of 2014, the implementation of cash transactions for individual entrepreneurs has been significantly simplified - there is no need to use a cash book and cash register.

Entrepreneurs generate only documents on the basis of which they can confirm the payment of wages. According to the simplified procedure, small organizations and individual entrepreneurs (number of employees no more than 100 and revenue less than 800 million per year) no longer set a cash balance limit.

Deadlines for submitting reports to the Pension Fund in 2020

The following reports must be submitted to the Pension Fund (PFR):

BASIC

As before, the most labor-intensive reporting can be considered reporting under the general taxation system. An accountant who services companies on OSNO will have to submit more than a dozen different reports in 2020, including:

1. Tax returns for:

• VAT;
• arrived;
• property;
• transport;
• earth.

2. Reporting to extra-budgetary funds:

• 4-FSS;
• confirmation of the main type of activity;
• SZV-M;
• SZV-experience.

3. Other reporting to the Federal Tax Service:

• calculation of insurance premiums;
• information on the average number of employees;
• 2-NDFL;
• 3-NDFL;
• 6-NDFL;
• financial statements (balance sheet and appendices thereto).

Deadline for submitting reports to the Social Insurance Fund in 2020

The deadline for submitting 4-FSS depends on the method of submitting the calculation:

Control ratios in reporting

When submitting reports to the Federal Tax Service, it is necessary to take into account that all indicators are interrelated, therefore, for each type of declarations and other reports, control relationships (intra-documentary and inter-documentary) are provided, approved at the legislative level and published in the public domain for public use, for example, on the official website of the Federal Tax Service. Control ratios must be observed even with forms that the organization develops independently. Provided that some ratios do not converge, the Federal Tax Service has the right to request clarification on the report, which must be submitted within 10 days with supporting documents attached. Therefore, before submitting reports, you need to make sure that the calculations are correct so that there are no disagreements with the tax office.

The organization's financial statements are presented by the following documents:

• Balance sheet
• Income statement
• Statement of changes in equity
• Cash flow statement
• Explanations to the balance sheet and income statement

Form 1 (balance sheet) is associated with all reporting forms.

The relationships between such forms as: 6-NDFL with 2-NDFL, DAM, income tax declaration must also be observed.

Thus, in one enterprise all reporting indicators are interconnected. Based on this, you can check the correctness of reporting before submitting it.

Deadline for filing financial statements in 2020

As a general rule, organizations must submit financial statements for 2020 only to the INFS. They must do this electronically. True, organizations belonging to small and medium-sized businesses can submit reports for 2020 on paper:

• Financial statements for 2020 must be submitted no later than 03/31/2020 ( postponed to 05/06/2020 ).
• financial statements for 2020 must be submitted no later than 03/31/2021.

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