The approach to businessmen on the "Income" and "Income
Posted: Mon Dec 23, 2024 5:19 am
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Reduction of advance payment
Enlarge imageadvance payment under simplified tax system
The amount of advance payment depends on the organizational form of business and the tax system
Entrepreneurs and legal entities have the right to reduce the amount of quarterly deductions at the expense of insurance premiums. The money sent by the businessman for himself and his employees is counted.
minus expenses" systems is different:
the former reduce the amount of advance payment thanks to insurance premiums;
the latter include mandatory payments in expenses and reduce profits.
There is an additional subtlety for individual entrepreneurs. If an entrepreneur luxembourg mobile number for whatsapp works without hired employees, then he can deduct all insurance payments for himself from advance payments.
If there are officially employed people on the staff, then the advance payment can only be reduced by half or less.
An LLC cannot deduct the entire amount of insurance premiums from the advance payment: organizations are considered employers from the moment of registration. If formally there is no one in the company, it still has a nominal director. From a legal point of view, he is an employee.
How to reduce advance payments of individual entrepreneurs on the simplified tax system
Individual entrepreneurs have several scenarios for reducing prepayments. They depend on the chosen tax system and the number of employees.
Elena works on the simplified tax system "Income". She makes carnival costumes, rents them out and makes dolls. In 2023, the entrepreneur earned 960,854 rubles.
Elena does everything herself, so she can declare all contributions for deduction.
Reduction of advance payment
Enlarge imageadvance payment under simplified tax system
The amount of advance payment depends on the organizational form of business and the tax system
Entrepreneurs and legal entities have the right to reduce the amount of quarterly deductions at the expense of insurance premiums. The money sent by the businessman for himself and his employees is counted.
minus expenses" systems is different:
the former reduce the amount of advance payment thanks to insurance premiums;
the latter include mandatory payments in expenses and reduce profits.
There is an additional subtlety for individual entrepreneurs. If an entrepreneur luxembourg mobile number for whatsapp works without hired employees, then he can deduct all insurance payments for himself from advance payments.
If there are officially employed people on the staff, then the advance payment can only be reduced by half or less.
An LLC cannot deduct the entire amount of insurance premiums from the advance payment: organizations are considered employers from the moment of registration. If formally there is no one in the company, it still has a nominal director. From a legal point of view, he is an employee.
How to reduce advance payments of individual entrepreneurs on the simplified tax system
Individual entrepreneurs have several scenarios for reducing prepayments. They depend on the chosen tax system and the number of employees.
Elena works on the simplified tax system "Income". She makes carnival costumes, rents them out and makes dolls. In 2023, the entrepreneur earned 960,854 rubles.
Elena does everything herself, so she can declare all contributions for deduction.