Quarters are Reporting for the 1st quarter. Second quarter

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

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

What is a quarter

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

Each of these periods means reporting to certain organizations, payment of fees or loss of use of a certain special tax regime if the enterprise exceeds the legally established indicators. But let's deal with everything in order.

What reports are submitted quarterly

There are a lot of different taxes in the legislation of the Russian Federation. Some of them are rented 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 offer a table that shows the tax periods forspecific type of payment.

Tax name	Tax period
Contributions to the FSS and PFR	Quarter
VAT	Quarter
Property tax	Quarter
OSN	Quarter, month
USN	Year
UTII	Quarter
ECHN	Year
PSN	Year

This table clearly shows the periods and forms for reporting to various organizations.

Reporting on contributions to off-budget funds

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

In the FIU, organizations submit Form RSV-1 to the FIU once a quarter. The maximum due date is the 15th day of the second month following the reporting period. Therefore, this form for the first quarter should be in the PFR department before May 15, for the first half of the year - before August 15, for 9 months - November 15, for the year - February 15. However, if the reporting date falls on a weekend, the reporting deadline is moved to the business day following the weekend. Advance payments are made within the same time frame as reporting.

Also, for all quarters of the year, you must report to the FSS. This structure monitors the correctness of accrualsocial security contributions and higher sickness benefits. Reporting to this fund is submitted once a quarter 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. Reporting form - 4-FSS.

For failure to submit or late submission of reporting forms, a fine of 1,100 rubles is imposed on the enterprise. In case of repeated violation, the case goes to court.

Value Added Tax

VAT reporting is also submitted every 3 months. This also means that quarters are reporting periods for VAT. The VAT declaration and the amount of tax must be paid and submitted by the 20th day of the month following the reporting period. The reporting form is approved by Order of the Ministry of Finance No. 104n and is mandatory. For late submission of reports, the organization also faces a fine.

Property tax

Corporate property tax is a regional one, so you won't find deadlines for paying it in the Tax Code. But the legislation states that the reporting periods for this tax are quarters. This means that it is also quarterly. The exact data on its payment and reporting must be looked at in the regulations of a particular region. The declaration form is unified, and it is mandatory for use.

I would also like to note thatPreviously, property tax was paid only by organizations on DOS. Starting from the third quarter of 2014, the government of the Russian Federation obliged organizations that are on UTII to calculate and pay it.

Tax paid depending on the tax regime

In Russia, all commercial organizations pay their own tax depending on the tax regime they choose. However, organizations pay only DOS and UTII once a quarter. There are four payments and four reporting dates in a year. Also, the income tax of an organization located on the DOS can be paid once a month.

Thus, UTII reporting is submitted on the twentieth day of the month following the reporting period in the form of a tax return approved by order of the Federal Tax Service of the Russian Federation. This form is filled out in accordance with the regulation and submitted to the tax authority to which the organization is attached. Failure to submit or late submission will result in an administrative pen alty in the form of a fine.

Tax for DOS is paid quarterly. There are three months in a quarter, therefore, an enterprise can also submit three tax returns per quarter, since the reporting period for this tax is not exactly specified. Organizations decide on their own. This declaration is mandatory for use, the order of the Ministry of Finance No. 55n approved its form.

The rest of the special regimes submit tax returns only once a year, although they pay advance payments every 3 months.

Reporting by type of enterprise

State organizations submit not only reports to off-budget funds on a quarterly basis. They are also required to submit financial statements every quarter. Their forms are approved by orders, but in most cases they are finalized with additional lines for various explanations to the parent organizations.

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

Until 2013, all organizations submitted accounting (financial) statements quarterly to the tax authorities. But from the year two thousand and thirteen, such a duty was abolished. Now there is no interim reporting for tax authorities or statistical authorities, only annual. However, no one forbids keeping interim reporting and submitting it to superiors or founders.

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

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