Tuesday, September 2, 2014

Much Responsibility Comes With A Payday Advance

By Harriet Porter


In 2008, there is no change in the time line for the submission of contributions. In accordance with article of the code contributions to the supplementary compulsory pension insurance are imported at the same time as contributions to State social insurance. Insurers submit contributions for each month separately through a transfer from the accounts of the relevant account of State social insurance and the additional compulsory pension insurance for reimbursement or accrual of wages, including a payday advance.

Local natural person irrespective of citizenship, is a person with a permanent address in the United States, or who reside in the territory of the country for more than 183 days in any 12-month period, or whose centre of vital interests is located in the United States. A person with a permanent address in the United States is not a resident natural person, if his centre of vital interests is not located in the country. A foreign natural person is a person who is not designated as a local.

The tax period for income tax of individuals is the calendar year, with the exception of income subject to final tax. Income from all sources, acquired by the taxpayer during the tax year, with the exception of income that are taxable under the act. In determining the amount of taxable income shall be deducted from the expenditure provided for in the law.

This is because the reason to publish prepayment invoice is a factual event, "advance payment", which evokes the chargeability of the tax and is the basis for the eventual exercise of the right to a tax credit under equal conditions by the client. Prepayment invoice shall be issued within 5 days from the date of receipt of the payment. The payment may be for a partial amount of the total amount of the transaction, but it could be for 100% of the total amount of the transaction and virtually 100% payment received before the transaction was carried out in nature is also an early payment.

If the deal, which has made an early payment in effect is realized, the final invoice is issued. In this invoice describing the total value and the subject of the transaction and on a separate line is deducted the loan. If the payment has been 100%, for which an invoice was issued detailed rules for the application of the law for value added tax allows a final invoice to be issued.

Certain accounting activities have proven themselves shady.. Of course, this may not be necessary in some accounting systems, in which the completion of the transaction document further and the lack of a final invoice does not lead to difficulties. If the deal fails and the payment is returned, the supplier must issue a credit memo.

This year the ratio is preserved, which distributes health insurance contribution between insurers and insured persons, namely, 60 per cent of the contribution is for the account of the insurer, and 40 percent of it is at the expense of the insured. In 2009, the amount of the sickness insurance contribution determined in the law on the budget of the health insurance fund, is 8 %. Therefore, the distribution of the health insurance contribution is 4.8 % and 3.2 %.

The amount of the advance payment shall be determined by the employee, as may not exceed half of the net amount of wages under the employment contract. Change the size can be performed once a year. Advance payments of part of the wages shall be carried out by the 15th of the current month.




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