Quarters are ... Reporting for the 1st quarter. Second quarter
In accounting of any organization it is often possibleto hear the word "quarter". In most cases, everyone knows what this 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 thatconsist of three months, starting 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 reportingto 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 there are many differenttaxes. 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 where tax periods for a particular type of payment are indicated.
| Tax Name | Taxable period |
| Contributions to the FSS and PFR | Quarter |
| VAT | Quarter |
| Property tax | Quarter |
| DOS | Quarter, month |
| USN | Year |
| UTII | Quarter |
| ECCH | Year |
| PSN | Year |
This table clearly shows the periods and forms for reporting 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 must submit the reporting forms to the funds.
In the FIU, organizations are provided with the RSV-1 form of the FIUonce 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 reportbefore 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 15 April, 15 July, 15 October and 15 January. 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 reporting forms, an enterprise is fined 1100 rubles. In case of repeated violation, the case is referred to the court.
Value added tax
VAT reporting is also provided every 3month. 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 company's property tax refers toregional, 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.
Tax payable depending on the taxation regime
In Russia, all commercial organizations paytheir tax, depending on their chosen taxation regime. However, only OCH 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 forthe 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. Failure to submit 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 onlyreporting 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 organizations should also report to the Bank of Russia and parent organizations. In addition, banks should provide reporting and on request of regulatory authorities.
Most joint-stock companies even nowmake 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!
