How to pay taxes for IP employees

Individual entrepreneurs who hire no more than 100 employees pay a single tax on imputed income. For hired employees, it is necessary to make contributions to the Pension Fund, to the Social Insurance Fund, to the Federal and Territorial Compulsory Health Insurance Fund (Federal Law No. 212-F3 of 07.24.09.).

You will need

• - An agreement with the Pension Fund of the Russian Federation;

• - agreement with the MHIF and TOMS;

• - An agreement with the Social Insurance Fund.

Instruction manual

1

After registration as an individual entrepreneur, contact the Pension Fund of the Russian Federation, the Social Insurance Fund, the Federal and Territorial Fund for Mandatory Medical Insurance. Write a statement, present documents to the IP. An agreement will be concluded with you on the transfer of contributions for the employees you have received, which you must pay before the 15th day of each month on the indicated accounts.

2

The transfer of all taxes should be carried out by an accountant with experience in tax deductions and quarterly tax reporting.

3

All contributions are paid by the employer. Personal income tax is calculated from the salary of an employee. If you accepted an employee born in 1966 or older, then all 14% must be transferred to the insurance part of the pension. For employees of 1967 and younger, transfer 8% to the insurance part of the pension, 6% to the funded part.

4

You will find out the amount of the tax rate for injury insurance when registering as an employer in the FFSS. In each region, for each individual type of activity, its own interest rate is applied, which will be indicated in the contract.

5

Calculate all amounts based on the employee’s salary. In the general calculation, do not take into account social benefits, material assistance, one-time payments.

6

For example, if an employee born in 1980 works for you and receives a salary of 10, 000 rubles, the calculation will look as follows. Personal income tax will be equal to 1300 rubles. You will calculate this amount from the salary. Transfer 14% to the pension fund, of which 8% or 800 rubles for the insurance part of the labor pension, 600 rubles or 6% for the funded part of the labor pension. In total, you must transfer 1, 400 rubles to the Pension Fund, but this amount is not calculated from the salary, but paid at the expense of the employer, that is, you, but the basic accrual is the employee’s salary before personal income tax.

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