Balance sheet
- a document characterizing the financial position of an enterprise as of a specific date. Displays the company's assets and liabilities in the short and long term. Rent by all enterprises without exception.
The balance sheet is of interest not only to government agencies, but also to the company’s management, as it gives an honest assessment of the enterprise in monetary terms.
Compliance with reporting deadlines for the 2nd quarter of 2021
Violation of the deadlines for submitting reports for the 2nd quarter of 2021 to the Federal Tax Service, Social Insurance Fund or Pension Fund (or failure to submit reports at all) is a possible situation. However, legislators are constantly tightening legislation regarding the liability of organizations and individual entrepreneurs for this kind of inattention. Fines are increasing and new grounds are being introduced for blocking bank accounts. Therefore, meeting reporting deadlines is important!
The most unpleasant thing that can result from late submission of reports is the blocking of current accounts. This can happen if a tax return is not filed within 10 days of its due date. All current accounts are blocked, including foreign currency ones, even if they are in different banks. This right of inspection is provided for in paragraph 3 of Art. 76 Tax Code of the Russian Federation.
So, for example, paragraph 1 of Art. 119 of the Tax Code of the Russian Federation establishes that a delay in filing a tax return or calculating insurance premiums threatens the taxpayer with a fine of 5% of the amount of tax that was not paid on time for each full or partial month of delay. In this case, the minimum amount of the fine is 1,000 rubles, while the maximum is limited to 30% of the unpaid tax amount taken from the report data.
Other types of reporting also provide for various types of sanctions for violating the deadlines for submitting reports for the 2nd quarter of 2018.
Balance sheet - Form 1. From 2021
The balance sheet is a reporting form that reflects the state of the assets and liabilities of an enterprise in monetary terms as of a specific date. The balance sheet contains generalized data about the financial condition of the enterprise. The balance sheet form was approved by the Ministry of Finance of the Russian Federation in order to regulate the financial statements of organizations (Form 1 according to OKUD 0710001).
The edition begins on May 27, 2018
The deadline for submitting the balance sheet for 2021 is March 31, 2019.
The information contained in the balance sheet contains data on capital, investments, the amount of resources and material assets. This is necessary information for management and the analytical department, facilitating the preparation of effective activity planning.
The balance sheet consists of two sections - assets and liabilities. The assets section contains information about the resources of the enterprise, which is divided into two parts - current and non-current assets. The balance sheet liability reflects the sources of resource formation and consists of three parts, which present liabilities (long-term and short-term), capital and reserves. Balance sheet lines show the total amount of items. Amounts are indicated in thousands (millions) of rubles and in whole numbers.
The balance sheet is prepared by the accounting department of the enterprise and signed by the manager. The balance form is filled out manually or using computer programs.
When drawing up a balance sheet, you need to fill in the date of compilation, the name of the company, its details and types of activities, unit of measurement, location of the enterprise, and reporting date. When filling out balance sheet items, it is necessary to take into account the fact that all of them must be documented; offsetting between assets and liabilities is also not allowed; the balance sheet data at the beginning of the reporting period must correspond to the data at the end of the previous period. The balance sheet shows the results of the company’s activities in the reporting period (profit, loss or “zeros”).
The balance is prepared, as a rule, for the reporting calendar year, and the interim balance for the quarter. There is also an opening balance sheet when creating a new legal entity and a liquidation balance sheet when liquidating an enterprise.
The balance sheet is submitted to the tax authorities for control within the time limits established by Russian legislation. Responsibility for the accuracy of the data provided and provision within the established time frame rests with the management of the companies.
Insurance contributions for pension and health insurance
SZV-M Information about the insured persons Resolution of the Board of the Pension Fund of the Russian Federation dated 02/01/2016 No. 83p May 15June 15
July 15
DSV-3 Register of insured persons for whom additional insurance contributions for a funded pension are transferred and employer contributions are paid Resolution of the Board of the Pension Fund of the Russian Federation 06/09/2016 No. 482p July 20 Calculation of insurance premiums Order of the Federal Tax Service of Russia No. ММВ-7-11/ dated 10.10.2016 July 30Reporting calendar for the second quarter of 2021
The second quarter is in full swing. Upon completion, accountants will file quarterly tax returns. But there is work for the next couple of months - monthly SZV-M forms, excise tax returns, indirect taxes, as well as a profit statement (for those who calculate monthly advance payments) and some other forms.
To avoid missing reporting deadlines, check the tax calendar for the second quarter of 2021 .
| Reporting form | Approved | Deadline |
| FSS | ||
| Calculation of accrued and paid insurance premiums for compulsory social insurance against accidents at work and occupational diseases, as well as expenses for payment of insurance coverage (4-FSS) | FSS Order No. 381 dated 09/26/2016 (as amended by Order No. 275 dated 06/07/2017) | July 20 (hard copy) July 25 (in the form of an electronic document) |
| Personal income tax | ||
| Calculation of personal income tax amounts calculated and withheld by the tax agent (6-NDFL) | Order of the Federal Tax Service of the Russian Federation No. ММВ-7-11/ [email protected] dated 10/30/15 (as amended on 01/17/2018) | July 31 |
| Insurance contributions for pension and health insurance | ||
| SZV-M Information about the insured persons | Resolution of the Board of the Pension Fund of the Russian Federation dated 01.02.2016 No. 83p | May 15 June 15 July 16 |
| DSV-3 Register of insured persons for whom additional insurance contributions for funded pension are transferred and employer contributions are paid | Resolution of the Board of the Pension Fund of the Russian Federation 06/09/2016 No. 482p | July 20 |
| Calculation of insurance premiums | Order of the Federal Tax Service of Russia No. ММВ-7-11/ [email protected] dated 10.10.2016 | July 30 |
| VAT, excise taxes and alcohol | ||
| Presentation of a log of received and issued invoices in the established format in electronic form for the second quarter of 2021* | Clause 5.2. Article 174 of the Tax Code of the Russian Federation | July 20 |
| Submission of a tax return on indirect taxes when importing goods into the territory of the Russian Federation from the territory of member states of the Eurasian Economic Union | Order of the Ministry of Finance of the Russian Federation No. 69n dated 07/07/2010 | May 21st June 20 July 20 |
| Tax return for value added tax | Order of the Federal Tax Service of the Russian Federation No. ММВ-7-3/ [email protected] dated 10/29/2014 (as amended on 12/20/2016) | July 25 |
| Tax return on excise taxes on ethyl alcohol, alcohol and (or) excisable alcohol-containing products | Order of the Federal Tax Service of the Russian Federation No. ММВ-7-3/ [email protected] dated January 12, 2016 | May 25 June 25 July 25 |
| Tax return on excise taxes on motor gasoline, diesel fuel, motor oils for diesel and (or) carburetor (injection) engines, straight-run gasoline, middle distillates, benzene, paraxylene, orthoxylene, aviation kerosene, natural gas, cars and motorcycles | Order of the Federal Tax Service of the Russian Federation No. ММВ-7-3/ [email protected] dated January 12, 2016 | May 25 June 25 July 25 |
| Submission of declarations on alcohol (with the exception of declarations on the volume of grapes) | Decree of the Government of the Russian Federation dated 08/09/2012 No. 815 (as amended on 05/13/2016) | July 20 |
| UTII | ||
| Tax return for UTII | Order of the Federal Tax Service of the Russian Federation No. ММВ-7-3/ [email protected] dated 07/04/2014 (as amended on 10/19/2016). New form! | July 20 |
| Unified (simplified) tax return | ||
| Unified (simplified) tax return for the first half of 2018 | Order of the Ministry of Finance of the Russian Federation No. 62n dated February 10, 2007 | July 20 |
| Income tax | ||
| Tax return for income tax of organizations calculating monthly advance payments based on actual profit received | Order of the Federal Tax Service of Russia dated October 19, 2016 No. ММВ-7-3/ [email protected] | May 28 June 28 July 30 |
| Tax return for income tax of organizations for which the reporting period is the first quarter, half a year and nine months | Order of the Federal Tax Service of Russia dated October 19, 2016 No. ММВ-7-3/ [email protected] | July 30 |
| Tax calculation (information) on the amounts of income paid to foreign organizations and taxes withheld (when calculating monthly payments) | Order of the Federal Tax Service of Russia dated March 2, 2016 No. ММВ-7-3/ [email protected] | May 28 June 28 July 30 |
| Tax calculation (information) on the amounts of income paid to foreign organizations and taxes withheld | Order of the Federal Tax Service of Russia dated March 2, 2016 No. ММВ-7-3/ [email protected] | July 30 |
| Tax return for income tax of a foreign organization | Order of the Ministry of Taxes and Taxes of the Russian Federation of January 5, 2004 No. BG-3-23/1 | July 30 |
| Tax return on income received by a Russian organization from sources outside the Russian Federation | Order of the Ministry of Taxes and Taxes of the Russian Federation dated December 23, 2003 No. BG-3-23/ [email protected] | May 28 June 28 July 30 |
| Property tax | ||
| Calculation of advance payment for corporate property tax | Order of the Federal Tax Service of the Russian Federation No. ММВ-7-21/ [email protected] dated 03/31/17 | July 30 |
| Mineral extraction tax | ||
| Tax return for mineral extraction tax | Order of the Federal Tax Service No. ММВ-7-3/ [email protected] dated 05/14/2015 (as amended on 04/17/2017) | May 31 July 2 July 31 |
| Water tax | ||
| Tax return for water tax | Order of the Federal Tax Service No. ММВ-7-3/ [email protected] dated 09.11.2015 | July 20 |
| Gambling tax | ||
| Tax return for gambling business tax | Order of the Federal Tax Service of Russia dated December 28, 2011 No. ММВ-7-3/ [email protected] | May 21st June 20 July 20 |
| Other forms | ||
| 2021 Controlled Transactions Notice | Clause 2 of Article 105.16 of the Tax Code | May 21st |
* Note. The journal is submitted by entities that are not VAT payers, or exempt under Article 145 of the Tax Code, and are not recognized as tax agents in the event that they issue and (or) receive invoices when carrying out intermediary activities.
VAT, excise taxes and alcohol
Presentation of the log of received and issued invoices in the established format in electronic form for the first quarter of 2021. The log is submitted by non-VAT payers, taxpayers exempt under Article 145 of the Tax Code, not recognized as tax agents, in the case of issuing and (or) receiving invoices by them - invoices when carrying out business activities under intermediary agreements. Clause 5.2. Article 174 of the Tax Code of the Russian Federation July 20 Submission of a tax return on indirect taxes when importing goods into the territory of the Russian Federation from the territory of the member states of the Eurasian Economic Union Order of the Ministry of Finance of the Russian Federation No. 69n dated 07/07/2010 May 21June 20
July 20
Tax return on value added tax Order of the Federal Tax Service of the Russian Federation No. ММВ-7-3/ dated 10/29/2014 (as amended on 12/20/2016) July 25 Tax return on excise duties on ethyl alcohol, alcohol and (or) excisable alcohol-containing products Order of the Federal Tax Service of the Russian Federation No. ММВ- 7-3/ from 01/12/2016May 25June 25
July 25
Tax return on excise taxes on motor gasoline, diesel fuel, motor oils for diesel and (or) carburetor (injection) engines, straight-run gasoline, middle distillates, benzene, paraxylene, orthoxylene, aviation kerosene, natural gas, passenger cars and motorcycles Order of the Federal Tax Service of the Russian Federation No. MMV-7-3/ dated 01/12/2016 May 25June 25
July 25
Submission of declarations on alcohol (with the exception of declarations on the volume of grapes) Decree of the Government of the Russian Federation of 08/09/2012 N 815 (as amended on 05/13/2016) July 20How to fill out your balance
When filling out form No. 1, you should be guided by section 4 of the order of the Ministry of Finance of the Russian Federation dated 07/06/1999 No. 43n (as amended on 11/08/2010). Let's define the key rules for filling out the reporting document:
- fill out the report indicators in accordance with the actual account balances as of the reporting date, formed taking into account the requirements of PBU and the company’s accounting policies;
- reflect the indicators in monetary terms in the currency of the Russian Federation - in rubles, in thousands of rubles or in millions of rubles;
- if a company has a branch network, then at the end of the year a single balance sheet should be formed (parent company plus branches);
- include indicators that exist for no more than 12 months as short-term assets and liabilities, and indicators that exist for more than one year as long-term assets;
- property and fixed assets should be reflected at “net” value, that is, taking into account depreciation and other costs provided for by PBU.
Income tax
Tax return for income tax of organizations calculating monthly advance payments on actually received profitOrder of the Federal Tax Service of Russia dated October 19, 2016 No. ММВ-7-3/28 MayJune 28
July 30
Tax return for income tax of organizations for which the reporting period is the first quarter, half a year and nine months Order of the Federal Tax Service of Russia dated October 19, 2016 No. ММВ-7-3/30 July Tax calculation (information) on the amounts of income paid to foreign organizations and withheld taxes (if calculation of monthly payments) Order of the Federal Tax Service of Russia dated 03/02/2016 No. ММВ-7-3/28 MayJune 28
July 30
Tax calculation (information) on the amounts of income paid to foreign organizations and taxes withheld Order of the Federal Tax Service of Russia dated March 2, 2016 No. ММВ-7-3/July 30 Tax return for income tax of a foreign organization Order of the Ministry of Taxes of the Russian Federation dated January 5, 2004 No. BG-3-23 /July 130 Tax return on income received by a Russian organization from sources outside the Russian Federation Order of the Ministry of Taxes and Taxes of the Russian Federation dated December 23, 2003 No. BG-3-23/28 MayJune 28
July 30
Balance sheet form 1 and 2. How to fill out a balance sheet
Accounting uses Form 1 of the balance sheet - OKUD code 0710001. It was approved by Order of the Ministry of Finance of Russia N 66n dated July 2, 2010. The latest changes to this order came into force in June 2021.
Note!
The company’s balance sheet form is allowed to be supplemented with its own lines, i.e., detailed at its own discretion.
Form 2 is a completely different document - a statement of financial results.
Some filling features that take into account recent changes
- The filling unit is thousands of rubles; recently it has been impossible to measure the size of values in millions.
- Companies subject to mandatory audit must necessarily indicate information about the audit organization in their balance sheet.
- Data is provided for the last reporting year and the two previous ones.
- The balance sheet must contain net valuation indicators, for example, depreciation of fixed assets.
Simplified form of balance sheet
Small businesses (SMB) have the right to submit their balance sheet in a simplified form if:
- their annual income from business is less than 800 million rubles;
- the number of employees for the previous year does not exceed 100 people;
- the total share of participation in the authorized capital of municipalities, the Russian Federation, and religious foundations is equal to or less than 25%;
- and the share in the capital of foreign enterprises or legal entities that are not considered small and medium-sized businesses is equal to or less than 49%.
How to send, where, in what form
The balance can be submitted in paper or electronic form. If requested by government agencies or other interested parties, a paper version must be submitted in a timely manner.
It is planned that already in 2021 it will be possible to submit a balance exclusively in electronic form through telecommunication channels. An exception was made only for SMP - for 2021 they will be able to report on paper for the last time.
The report is sent to the tax office at the location of the subject. The exception is for enterprises whose balance sheets contain information about state secrets - such legal entities also submit this document to Rosstat.
You can fill out a balance sheet online in a special Internet service or in a specialized program pre-installed on your computer.
Responsibility for late submission
For failure to submit the balance on time to the tax office, a fine of 200 rubles is issued. Officials responsible for the delay are punished with a fine of 300-500 rubles.
For violation of deadlines for submitting balance sheets to Rosstat, fines for legal entities are higher - 3-5 thousand rubles.
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filling out the balance sheet
Download the completed balance sheet form to have the correct version in front of you.
Download free balance sheet forms in Word or Excel
Here you can download blank forms for filling out the 2021 sample balance sheet in the correct form.
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Form 2. Statement of financial results
When preparing a statement of financial results, the same rules apply as when creating a balance sheet. Another thing is that here it is necessary to carry out calculations very carefully to reflect the net profit after tax indicator. This indicator must be identical to the organization’s income tax return. They must be the same, otherwise the Federal Tax Service may apply penalties. Accounting statements forms 1 and 2 (filling sample) are presented below:
- Sample of filling out Form 1 (balance);
- Sample of filling out form 2 (report).
You can also download the form (Form 2 of financial statements):
- Balance sheet;
- Report form.
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