The general taxation system is considered more convenient than the simplified one, largely due to the absence of restrictions on the amount of revenue. You can change the system following the established rules and accounting requirements.
Instructions
Step 1
Tell the tax office that you want to refuse to use the simplified taxation system. This must be done before January 15 of the current year. You also need to immediately notify customers that soon the cost of goods, works or services will be calculated including VAT.
Step 2
Proceed with the formation of the tax base for the transition period if you plan to use the accrual method when determining expenses and income. Before changing the taxation regime, include in the recognized income the accounts receivable of consumers, which formed over the entire period of application of the simplified taxation system, as well as sales proceeds, including those for which payment has not yet been made. Approve the method of calculating the single tax by including in the tax base the advances received before the change in the taxation regime. Make sure that after the transition to OSNO they will not be counted again in the calculation of income.
Step 3
Include outstanding accounts payable to suppliers, employees, the budget and other counterparties for “transitional” expenses incurred during the month of the tax change. It is important to remember that the base used for calculating the single tax cannot be reduced by the amount of unpaid expenses when switching to the general taxation system, regardless of the established terms for repayment of accounts payable.
Step 4
Prepare financial statements for past years of work. To form account balances by the beginning of the reporting period, also make an inventory of property and financial liabilities. Remember that it is necessary to follow the correct procedure for determining the residual value of fixed assets and intangible assets created or acquired before the transition to the simplified taxation system.
