Reporting for the 1st quarter of 2020

In accordance with federal law, all state, commercial and other organizations (except individual entrepreneurs) must maintain accounting records. Articles of the tax code 402 and 63 also indicate the deadlines for reporting in 2020. The exact information on the dates for the whole year will appear only at the end of 2019, but no major changes are expected.

Report Types

The types of forms, the frequency of processing and reporting for the 1st quarter of 2020 are clearly regulated by law. If previously used forms on paper, now they can be obtained freely in electronic form.

VAT

Each organization, commercial and non-profit, at the end of the reporting period is obliged to report to the tax service on VAT. The deadline is set until January 25, 2020 inclusive. The tax may be paid in equal parts over the next three months if necessary.

Download 2020 VAT declaration form

Income tax

Until March 28, 2019, entities engaged in entrepreneurial activity submit a declaration in the appropriate form and pay the tax together with the advance payment in accordance with the established norms of the tax code of the Russian Federation. If the company has officially employed less than 100 people - it is allowed to draw up paperwork.

Download income tax return form for 2020

Staff Information

The average headcount form is submitted once a year until January 22. This document indicates any changes in the staff, given reliable data on the organization.

Download average headline 2020

4-FSS

According to the results of the 1st quarter of 2020, enterprises must timely submit the FSS reporting form, which indicates payments for accidents. Such information is transmitted based on the results of 6, 9 and 12 months; in the first quarter, LLCs and individual entrepreneurs with employees in the state are January 22 and 25 for paper and electronic formats, respectively.

Download form f. 4-FSS for the 1st quarter of 2020

Calculation of insurance premiums

Organizations hiring professionals must report on premiums. For enterprises with less than 25 employees, the document is sent electronically. For 2019, the report is submitted until January 30, 2020.

Download insurance premium calculation form

Property tax

For all taxpayers, a free form of making such payments is established, that is, the due date is not limited to fixed periods. For the 1st quarter of 2019, a property declaration is sent until March 30. For the LLC form, where more than 100 people are registered, the report is provided on a digital medium.

Download Property Tax Form for 2020

Transport tax

Entrepreneurs who have vehicles on their balance sheets are required to submit reports by February 1, 2020 in the form of an appropriate declaration in a standard form. All LLCs and individual entrepreneurs additionally submit other reports on accounting and tax activity, for example, SZV-M for determining employed pensioners.

Download Vehicle Tax Return

Simplified tax system

Small and medium-sized businesses have one important advantage - a simplified tax system (STS). An entrepreneur pays only one tax in accordance with the established tariff and the norms of documents that are transferred to state bodies. This includes various payments, including payments to the state budget.

The tax rate for reporting for the 1st quarter of 2020 (STS), as in other periods, is significantly lower, especially when compared with other schemes. For example, income tax can range from 1 to 6%. Enterprises submit a report on the simplified tax system at the place of registration (if it is an LLC), individual entrepreneurs send documents at the place of residence. Dates are set as follows:

  • SP until 30.04.
  • LLC until March 31.
  • Liquidated enterprises before the 25th day of the next month.
  • If the organization is deprived of the right to “simplification”, reporting for the 1st quarter of 2020 is submitted before 01.25, subject to transfer to another taxation in the 4th quarter of the previous year.

Declarations submitted to the tax inspectorate are used to reconcile the amounts spent on taxes and other payments. If there is an error in the calculations, the LLC or the individual entrepreneur must pay the missing amount. If the check reveals an overpayment, the difference in the amount will be credited in the form of an advance for the next period.

USN Declaration for 2020

Fines

If a business entity violates the reporting deadline in the 1st quarter of 2020, then it is punished by a fine of 5% of the amount of the payment or tax, the payment of which was overdue. Penalties are imposed for each overdue month, even if the actual period has not exceeded a couple of days. The minimum fine is 1,000 rubles, the maximum established by law, 30% of the total debt.

Fines are not the only punishment; ignoring the deadlines can provoke a blocking of the enterprise’s current account. Similar measures can be used with respect to taxpayers who have thwarted the deadline for submitting a report by 10 or more business days. Less commonly used are personal penalties for officials and entrepreneurs. In such cases, the IFTS issues a warning or imposes a fine of up to 500 rubles after an appropriate positive court decision.

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