What Is a Quarterly Earnings Report?
Quarterly statements are statements that reflect the status of funding activities and the implementation of budget revenue and expenditure as of the reporting quarter, referred to as quarterly reports. On the basis of monthly reports, it reflects in more detail the distribution of funds, the implementation of quotas, the implementation of budget revenue and expenditure, and a more comprehensive text description. The quarterly report of general budget accounting generally includes: "asset activity statement", "budget income calculation table", "budget expenditure calculation table", "basic number table", etc .; the unit budget accounting quarterly report is added on the basis of monthly statements "Basic digital table" and text description. [1]
Quarterly report
Right!
- Chinese name
- Quarterly report
- Definition
- Company quarter report
- Quarterly statements are statements that reflect the status of funding activities and the implementation of budget revenue and expenditure as of the reporting quarter, referred to as quarterly reports. On the basis of monthly reports, it reflects in more detail the distribution of funds, the implementation of quotas, the implementation of budget revenue and expenditure, and a more comprehensive text description. The quarterly report of general budget accounting generally includes: "asset activity statement", "budget income calculation table", "budget expenditure calculation table", "basic number table", etc .; the unit budget accounting quarterly report is added on the basis of monthly statements "Basic digital table" and text description. [1]
- For example: VAT is levied according to the tax burden, which must not be lower than the tax burden; income tax sets a profit rate, and then asks the enterprise to pay at such a fixed rate and follow the steps of the tax bureau.
- The tax bureau's statement is wrong, but under this taxation method, the tax bureau mostly requires the taxable income to be equal to the total profit
- Correctly speaking, taxable income and total profit (pre-tax profit) are two different concepts. Taxable income is a tax concept, and total profit is an accounting concept. The two are not necessarily equal. Corporate income tax is levied on the taxable income of the enterprise, not on total profits.
- As long as the company makes the account, the deduction items that have the prescribed deduction standard in the income tax tax law are controlled within the prescribed standard (that is, the total number of deductions in the "deduction item" column in the income tax statement in the title must be within the standard) The income items should also be consistent with the revenue recognition in the tax law. In this case, there will be no adjustment items, and the taxable income will equal the total profit.
- For example, how to pay income tax in advance:
- Corporate income tax is paid in advance and the year-end settlement is clear. There are two calculation methods for prepayment:
- 1. Calculate and pay according to the actual occurrence of taxable income for one month or quarter of the year.
- 2. The taxable income for the previous year shall be calculated on a monthly or quarterly average basis.
- Take the first quarterly method as an example:
- Your company's taxable income from January to March 2005 is 28,000 yuan, and the amount of income tax payable in advance for the quarter is: 28000 * 18% = 5040 yuan
- The taxable income from April to June is 56,000 yuan, and the income tax payable in the second quarter is: (28000 + 56000-30000) * 27% + 30000 * 18% -5040 = 14940 yuan.
- The taxable income from July to September is -8600 yuan, so do not pay in advance.
- The taxable income from October to December is 84,000 yuan, so the taxable income for the current year is: 28000 + 56000-8600 + 84000 = 159400 yuan, and the income tax payable for the year: 30000 * 18% + 70000 * 27% + ( 159400-100000) * 33% = 43902 yuan. The first three quarters have been paid in advance: 19980 yuan, the income tax payable in the fourth quarter: 43902-19980 = 23922 yuan.
- Settle and pay within 4 months at the end of the year.
- The basis for calculating corporate income tax is the taxable income of the enterprise, not business income. Therefore, there is no calculated income tax for the annual income of 200,000 yuan.
- Note: The tax rate of taxable income is 30,000 yuan or below, the tax rate is 18%, the tax rate of 30,000 yuan to 100,000 yuan (inclusive) is 27%, the tax rate of 100,000 yuan or more is 33%.