home Accounting How to submit a tax return for an individual entrepreneur: problems and solutions

How to submit a tax return for an individual entrepreneur: problems and solutions

Each individual entrepreneur has an obligation to submit reports and pay taxes. Often there are difficulties with filling out a tax return and calculating payments.

A declaration is a document in which profit from entrepreneurial activity.

A tax return is a mandatory document by which all entrepreneurs in our country report to the state. The tax authorities monitor the profitability of taxpayers' activities and payments to the state budget corresponding to income.

Kinds

There are several types of tax return. What kind of tax return does an individual entrepreneur submit?

Selecting a specific type of reporting document is directly dependent on two factors:

type of entrepreneurial activity;
applicable system of taxation.

Each system of taxation has its own form of report and its own terms. The declaration can be submitted quarterly or at the end of the year.

For individual entrepreneurs on the simplified tax system, it is required to fill out a tax declaration paid in connection with the application of the simplified taxation system.

Known 3 types of reporting documents.

Complete

A full declaration is a reporting a document that provides complete data on all income received from the implementation of entrepreneurial activities.

There are taxes that are mandatory for all, and there are those that must be paid as a result of certain actions in the course of entrepreneurial activity. They also fill out a reporting form.

Refined

An updated declaration is a reporting a document that makes adjustments to the full declaration.

Issued:

at the request of the tax authorities, if inaccuracies were found in the completed document. In this case the tax authority will impose a fine on the entrepreneur.
at the initiative of the entrepreneur, to clarify if the information in the full declaration turned out to be incorrect. Since the legislation in our country often changes the requirements for filling out, errors can be made as a result.

A "clarification" is submitted in the same way as the primary declaration, its main difference will be a stamp on the front side of the form.

There is also no strictly defined period in which an updated declaration must be submitted. But it is better to issue a cover letter to it, where all the inaccuracies in the primary document will be detailed.

In what cases should this type of declaration be submitted, see the video:

Zero

Certain types of reporting are not provided for by law at all, but they must be properly drawn up and submitted to the tax authorities. Here we are talking about a null declaration.

Nowhere is there any indication of the correct formatting of such a document. But many entrepreneurs often use it.

A zero declaration is submitted in the event that an individual entrepreneur did not work during the reporting period. For imputed tax payers, unfortunately, there is no such possibility.

Final

With the complete cessation of its activities the taxpayer is required to file a final return.

If this is not done, the tax authorities will not accept the application for closing the IP.

When is it due and how do I fill it out?

A report on the simplified tax system by individual entrepreneurs is submitted at the end of the year by April 30 or by the next day of the working week, if the deadline falls on a holiday or weekend.

Filling out the document for submission to the tax service can be carried out by the entrepreneur independently or by third parties by proxy. The most important thing when filling out is to provide reliable data.

With a simplified taxation system

At self-completion the reporting document is free from errors and omissions. This happens especially often if the entrepreneur is inexperienced.

Therefore, it is beneficial in this situation. turn to professionals who will qualitatively enter information into the declaration and submit it to the tax authorities on time. The entrepreneur will only be required to provide information about their income.

But it is important for an entrepreneur to understand that third-party accounting firms do not submit reports for free. In this regard, there will be another cost item.

It is better to clarify in advance in such an organization their capabilities and specialization. They may only deal with certain types of tax returns.

In this case, the entrepreneur may violate the deadlines and fail to submit reports on time, which will entail penalties.

Now you can also create a report using specialized service on the Internet:

For example, you can use service "My business" with a user-friendly interface with which you can calculate fixed contributions, taxes under the simplified taxation system and a single tax on imputed income.
In addition to reporting to the tax authorities, it is possible to issue reports to the pension fund and the social insurance fund.
Another interesting internet service "Contour Elba", with the help of which a declaration is filled out and submitted to the tax service completely free of charge for an entrepreneur.
This opportunity is available to the new enterprise during the first year of operation. Filling out is simple and clear, does not take much time.

This option is very convenient because you do not need to go anywhere, you can fill out and send the declaration without leaving your office or home. In terms of cost, it will be cheaper than when contacting an accounting firm.

Under the general system of taxation

It happens that serious activities are carried out, which do not fit under the simplified tax system and UTII, then the general taxation system will be chosen. Self-filling the declaration and calculating tax payments through Internet services can be difficult.

If an entrepreneur doubts himself and is afraid of making mistakes, then he can hire a qualified accountant who will be responsible for reporting.

It is important to draw up a power of attorney certified by a notary. If the power of attorney is not drawn up or not certified, then the accountant may refuse to accept the accountant when submitting the reporting document.

An entrepreneur who decides to fill out a declaration on his own will need a special form. You can find it on the Internet or purchase it at firms that deal with paperwork for individual entrepreneurs.

Also on the network there is information on the correct filling of the declaration, a kind of step-by-step instruction. If you strictly follow it, then you can successfully draw up reports and calculate the amount of payments without resorting to the help of accounting services.

How to send?

An entrepreneur can submit a tax return in the following ways:

Personally contacting the tax office. If the reporting is submitted in person, the specialist puts a mark of acceptance. This stamped form is best kept. It may happen that you have to prove to the tax authorities the timely submission of the reporting document.
By mail. In this case, you need to make an inventory of the attachment in two copies and ask the postal worker for a check in which the date the letter was sent is indicated. It is this number that will be considered the date of filing the tax return.
Through the Internet.

Each of the above methods has its own advantages and disadvantages. The choice is up to the entrepreneur. It is important to assess all risks before making any decision.

An individual entrepreneur must submit reports in accordance with the deadlines established by law. Often, due to absent-mindedness or forgetfulness, this process is delayed, which is a gross violation and is punishable by penalties.

The following factors influence the amount of the fine:

type of taxation system;
the amount of tax payable in the given period;
number of days overdue.

In addition to penalties there is a possibility of seizing the current account and blacklisting an irresponsible entrepreneur, after which his activities will be subject to regular inspections by the tax authorities.

That is why it is better to approach the submission of tax returns with all responsibility, so as not to create unnecessary problems for yourself in the course of your main activity. If you attract the close attention of the tax authorities, then this can only worsen the state of all the affairs of the entrepreneur.

Grounds for refusal of admission

In some cases, the tax office has strong grounds for not accepting reports from an individual entrepreneur.

These reasons include:

submission of a reporting document without presenting a passport;
non-compliance with the established form of the reporting document;
the absence on paper of the signature of the person who is responsible for providing reliable information;
the absence of an enhanced qualification electronic signature of the head or his representative, or the inaccuracy of the data on the owner of the qualification certificate when submitting the declaration in electronic form;
submission of a reporting document to the wrong tax authority. Before filing, it is necessary to clarify where to send, which body is competent in receiving this particular type of reporting.

Refusal to accept a declaration is equated to failure to provide it within the established reporting period, which will be considered a tax offense for which an individual entrepreneur is liable before the law.

Thus, an individual entrepreneur must approach the preparation of a tax return with all responsibility.

It is important to use the established form of the reporting document and take into account the requirements of the tax authorities and submit reports on time. Then no problems will arise.