Quarters are ... Reporting for the 1st quarter. Second quarter

In the accounting department of any organization you can often hear the word "quarter". In most cases, everyone knows what that means, but I would like to say a few words about reporting, which is both quarterly and annual.

What is the quarter

Quarters are intervals of time, which consist of three months, beginning in January. Most often this term is used in accounting of any organization. It also means the tax period. The first quarter consists of January, February and March, the second quarter - from April, May and June, the 3rd - July, August and September, the 4th - October, November, December.

Each of these periods means submission of reports to certain organizations, payment of payments or loss of use of a specific special tax regime if the enterprise exceeds the statutory targets. But let's deal with everything in order.

What is the reporting quarterly

In the legislation of the Russian Federation a lot of different taxes. Some of them are surrendered and paid once a quarter, others - once a year, others - once a month. In order not to get confused with the submission of reports, I would like to propose a table, which shows the tax periods for a particular type of payment.

This table shows clearly which periods and forms are reported to various organizations.

Reporting on contributions to extrabudgetary funds

Quarters are reporting periods for submission of reports to the FSS and FIU. Thus, any organization that accrues cash payments to its employees is required to submit the reporting forms to the funds.

In the FIU, organizations are provided with the RSV-1 form of the FIU once a quarter. The maximum deadline is 15th day of the second month following the reporting period. Therefore, this form for the first quarter should be in the FIU office before May 15, for the first half-year - until August 15, for 9 months - on November 15, for the year - on February 15. However, if the reporting date falls on a day-off, the deadline for reporting is postponed to the business day following the weekend. Payment of advance payments occurs at the same time as the submission of accounts.

Also for all quarters in a year it is necessary to report to the FSS. This structure monitors the accuracy of the calculation of social insurance contributions and the payment of a larger amount of sickness benefits. Reporting to this fund is submitted quarterly no later than the 15th day of the month following the reporting period. It turns out that the reporting dates for this type of contributions are April 15, July 15, October 15 and January 15. As well as for pension contributions, the amounts are transferred before the reporting dates. The reporting form is 4-FSS.

For failure to submit or untimely submission of accounting forms to the company, a fine of 1100 rubles is imposed. If the case is repeated, the case is referred to the court.

Value Added Tax

VAT reporting is also provided every 3 months. This also means that quarters are reporting periods for VAT. The VAT declaration and the amount of tax are paid and surrendered until the 20th day of the month following the reporting period. The reporting format is approved by the Order of the Ministry of Finance No. 104n and is mandatory. For untimely submission of accounts, the organization also faces a fine.

Property tax

The tax on the property of companies belongs to the regional, therefore in the Tax Code you will not find the terms of its payment. But the law states that the reporting periods for this tax are quarters. This means that it is also quarterly. Accurate data on its payment and the submission of statements should be looked at in the regulations of a specific region. The form of the declaration is unified, and it is obligatory for use.

Also it would be desirable to note that earlier the property tax was paid only by organizations on DOS. Beginning in the third quarter of 2014, the government of the Russian Federation obliged to calculate and pay it and organizations located on UTII.

Tax payable depending on the taxation regime

In Russia, all commercial organizations pay their taxes, depending on their chosen taxation regime. However, only DOS and UTII organizations are paid once a quarter. There are four payments and four reporting dates in the year. Also, the corporate income tax on the DOS can be paid once a month.

Thus, reporting on UTII is given on the twentieth day of the month following the reporting period in the form of the tax declaration approved by the order of the Federal Tax Service of the Russian Federation. This form is filled in accordance with the regulations and is submitted to the tax authority to which the organization is affiliated. Non-submission or untimely submission entails administrative penalty in the form of a fine.

The tax on DOS is paid once a quarter. Months in quarter three, therefore, the enterprise can also hand over three tax returns per quarter, since the reporting period for this tax is not exactly registered. The organizations determine it independently. This declaration is mandatory for application, the order of the Ministry of Finance No. 55n approved its form.

Other special regimes submit tax returns only once a year, although they pay advance payments every 3 months.

Reporting by type of enterprise

State organizations do not only report to off-budget funds on a quarterly basis. They are also required to provide accounting statements every quarter. Their forms are approved by orders, but in most cases they are supplemented with additional lines for various explanations to parent organizations.

Credit institutions should also report to the Bank of Russia and parent organizations. In addition, banks should provide reporting and at the request of regulatory authorities.

Until 2013, all organizations submitted accounting (financial) statements quarterly to the tax authorities. But from the two thousand and thirteenth year, this duty was canceled. Now there is no interim reporting for the tax authorities or statistical bodies, only annual. However, no one bans interim reporting and presents it to superiors or founders.

Most joint stock companies even now compose interim financial statements to their shareholders so that they can track the activities and profits of the enterprise, as well as distribute dividends.

Now only the 2nd quarter of the year has ended. There is still time to prepare for the annual financial statements. However, do not forget about reporting to other funds!