What is a quarter? How many months are there in each quarter?

Time is a very important resource that is always in short supply. There's never enough of it. You always want there to be more of it.

People who know how to properly distribute this resource achieve a lot in their lives. Those who do not value time and waste it rarely achieve serious success. In order to complete any task on time, you need to assign a certain period of time during which it can actually be completed, and adhere to the established deadlines. Only by setting specific goals for yourself can you achieve your goals. What could be the time period? It can be different: a week, a month, a half-year, a year, etc. In this article we will talk about such a period as a quarter.

What is a quarter? How many months are there in each quarter?

Translated from Latin, this word means “quarter”. Accordingly, a quarter is ¼ of a year. Thus, it becomes clear that we have only four quarters in a year. Knowing that a year consists of twelve months, you can calculate the number of months in one quarter. How many months are there in each quarter of the year? Through simple mathematical calculations we arrive at the following: 12 / 4 = 3. In total, we have 4 quarters in a year, each of which has three months. Quarters are numbered with Latin numerals. In English-speaking countries, this time period is indicated by Arabic numerals. Each of them is preceded by the letter Q.

List of reports in the 3rd quarter

We recommend creating a personal tax calendar for the 3rd quarter of 2022, since each company and individual entrepreneur has its own list of reports to the Federal Tax Service, Social Insurance Fund, Pension Fund of the Russian Federation, Rosstat and other authorities. But regardless of what the taxpayer submits, the deadlines for submission are the same for everyone and are established by law.

Our calendar, which contains not only the main quarterly and monthly forms, but also the deadlines for mandatory payments, will help you find out what dates to submit the forms and how to fill them out. Below is a schedule of reports for the 3rd quarter of 2022, which will allow you not to miss anything.

We emphasize that all third quarter dates presented are the last dates when completed forms must be submitted or mandatory amounts must be paid. But we do not recommend leaving everything until the last day, otherwise there is a high risk of a fine for failure to submit the required forms.

IMPORTANT!

If the company or individual entrepreneur has just opened, then the reporting period for the 3rd quarter of 2022 will begin in the next quarter.

Use free instructions from ConsultantPlus experts to pay taxes and contributions on time, as well as submit reports for the 3rd quarter. 2022.

What are the months in each quarter?

The year has a similar division into seasons. There are also four of them, each lasting three months. However, there are differences between quarters and seasons. Seasons represent the seasons of the year. There are four seasons in total: winter, spring, summer and autumn.

However, the winter season does not begin with the beginning of the year. The first month of winter is the last month of the year – December. The quarter is characterized by division from the beginning of the year. That is, the first quarter begins on January 1. Further, both in seasons and in quarters, the months are counted in order.

This way we can find out which months are in the first quarter. These are January, February and March. The total is 31 + 28 (29) + 31 = 90 (91) days in the first quarter of the year. The number of days can only change in the first quarter, because February does not have 28 days in a leap year, but once every 4 years it consists of 29 days.

Q2 – what months are these? The second quarter of the year includes the next three months - April, May and June. Total number of days: 30 + 31 + 30 = 91. This number of days is constant from year to year.

Q3 – what months are these? July, August, September - these are the three months that make up the third quarter of the year. Total number of days: 31 + 31 + 30 = 92.

And finally, the last quarter of the year consists of the following months: October, November and December. Total days: 31 + 30 + 31 = 92.

Reporting for the 2nd quarter of 2022 to extra-budgetary funds

Employers (individual entrepreneurs and organizations) are required to report not only to the tax office, but also to extra-budgetary funds.

For personalized accounting, information must be sent to the Pension Fund; these data will be compared with the information submitted to the Federal Tax Service as part of the DAM calculations.

Contributions for “injuries” are reported to the Social Insurance Fund. Additionally, before April 15, the main type of activity must be confirmed annually - the norm is relevant for employers with the status of a legal entity, as well as for individual entrepreneurs who have changed the type of activity in the Unified State Register of Individual Entrepreneurs.

The time frame for reporting to the relevant funds for the 2nd quarter of 2022 is shown in the table:

Why is this division of the year needed?

Typically, the “quarter” period is used in those institutions where it is necessary to prepare reports, for example in statistics or accounting.

This division allows you to bring documentation into the system, correctly draw up plans and monitor their implementation. The annual report, of course, is very important, but until the whole year has passed, quarterly reporting allows you to track how timely the assigned tasks are being accomplished. This makes it possible to adjust their implementation in time, if necessary, in order to reach the desired indicators at the end of the year. Reports are executed once a quarter. How many months it takes to complete a particular task determines the number of quarters allocated to each goal.

Reports on the results of the year and the first quarter

The main block of reporting submitted in the second quarter by the organization’s accounting department depends on the chosen taxation system and type of activity. Typically, more data is submitted in April, since if you remember what month the 2nd quarter of 2022 begins, then it is from April, and this is the first month of the quarter, so some annual reports and reports on the results of the past three months fall on it.

Among the main forms that will have to be prepared and submitted during the 2nd quarter of 2022:

• VAT and income tax returns;
• personalized reporting to the Pension Fund;
• reports of tax agents on personal income tax;
• calculation of insurance contributions to the Federal Tax Service and form 4-FSS to the Social Insurance Fund.

Additionally, the accountant's calendar for the 2nd quarter of the year indicates the deadlines for paying taxes and fees. In addition to the basic reporting forms that are regulated at the federal level, some companies are required to report on regional and local tax obligations. The required second quarter dates for submitting reports in this case are set at the local or regional level.

Interesting Facts

In the word "quarter" the stress falls on the second syllable. However, many people pronounce this word incorrectly, emphasizing the first syllable. You need to remember how to pronounce it correctly so as not to look illiterate.

Previously, in Soviet times, the quarterly year began in October. This fact caused confusion in the documentation, so this practice was soon abandoned.

Since at the end of each quarter, as a rule, employees of accounting, statistics and other organizations have to make a report, this period of time is also called the reporting period, as well as the tax period.

The word "block" can refer not only to a period of time, but also to a row of houses between two intersections on a street.

Employer reporting

All employers submit to the Federal Tax Service, Pension Fund and Social Insurance Fund special reporting forms containing information on accruals and deductions of employees for the reporting period and other data necessary to confirm the insurance length of insured citizens. There are no significant changes in the reporting prepared in the 2nd quarter by the accounting department, no new forms have been introduced for employers, and the procedure for submitting existing ones has not changed.

The reporting forms are approved by the relevant regulations of regulatory government agencies. Most of the information must be submitted to the Federal Tax Service. Separately, provision is made for the submission of quarterly information on NS and PZ insurance contributions, which are transferred to the Social Insurance Fund, as well as monthly personalized reports for the 2nd quarter (other periods) to the Pension Fund.

Use free instructions from ConsultantPlus experts to submit all required reports on time.

Tax paid depending on the tax regime

In Russia, all commercial organizations pay their tax depending on the tax regime they choose. However, only OSN and UTII are paid by organizations once a quarter. There are four payments and four reporting dates in a year. Also, the income tax of an organization located on the OSN can be paid once a month.

Thus, reporting on UTII is submitted on the twentieth day of the month following the reporting period according to the tax return form approved by order of the Federal Tax Service of the Russian Federation. This form is filled out in accordance with the regulations and submitted to the tax authority to which the organization is attached. Failure to submit or late submission entails an administrative penalty in the form of a fine.

The tax for OSN is paid once a quarter. There are three months in a quarter, therefore, an enterprise can also submit three tax returns per quarter, since the reporting period for this tax is not precisely specified. Organizations determine it independently. This declaration is mandatory for use; Order of the Ministry of Finance No. 55n approved its form.

Other special regimes submit tax reports only once a year, although they pay advance payments every 3 months.

Norms for working hours according to labor legislation

- general norm - the law establishes a 40-hour work week

— for medical employees (doctors) — a 39-hour work week is provided

- for those who work in hazardous conditions - the working week does not exceed 36 hours

- for minors from 16 to 18 years old - our legislation proposes a 36-hour work week

— for teachers (teachers) — a 36-hour work week is provided

- for students and workers during school holidays, aged 14 to 15 years - a 24-hour work week is established by law

- for minors from 14 to 15 years old - our legislation proposes a 24-hour work week

- for students and workers throughout the year and in their free time, aged 14 to 16 years - a 12-hour work week is established by the standards

- for students and workers throughout the year and in their free time, aged 16 to 18 years - an 18-hour work week is established by the standards

According to the production calendar for the 2nd quarter of 2022, there will be non-working days, weekends and holidays in our country - see below: