&#34, Five Risks, One &#34, And Tax?

Social insurance premiums and fiscal treatment of housing provident fund are the entries that enterprises and institutions do almost every month. This article is based on the newly revised accounting standards for Enterprises No. ninth - employees' remuneration combined with tax treatment.

Social insurance and housing provident fund are short of five risks and one gold. Five risks refer to the endowment insurance, medical insurance, unemployment insurance, maternity insurance and work-related injury insurance premiums paid by the enterprises according to the regulations of the state.

Among them, endowment insurance, medical insurance, unemployment insurance and housing provident fund shall be paid separately by units and individuals.

The seventh provision of the new guidelines stipulates that the medical insurance premiums paid by the enterprises for employees,

The social insurance premiums and housing provident funds, and the labor union funds and staff education funds drawn according to the regulations shall be calculated in accordance with the prescribed basis and proportion of the employees during the accounting period provided by the staff and workers, and the corresponding liabilities shall be recognized and counted into the profits and losses of the current period or the cost of the related assets.

This is consistent with the basic content of the original guidelines, although pension insurance fees are not separately listed, but they should also be included.

According to the accounting standards, the social insurance premiums for individuals should be included in the "other payable social insurance premiums (pension, medical, unemployment insurance"), and the unit commitment should be included in the "payable employees' social insurance premium" subject.

For ease of understanding, we only list pension, medical and unemployment insurance.

Process, housing provident fund refer to its handling.

(1) provision of social security for pension, medical and unemployment insurance.

Borrowing: cost

Loan: pay for employees: endowment insurance

Compensation for employees: medical insurance

Compensation for employees: unemployment insurance

(2) raise wages

Borrowing: cost

Loan: pay for employees: wages

(3) wages (withholding part of the individual)

Borrowing: dealing with staff salaries - wages

Loan: other payables - social insurance premiums (pension, medical, unemployment insurance)

Taxes payable - personal income tax payable.

bank deposit

(4) payment of social security

Borrow: deal with employee's salary -- endowment insurance

Compensation for employees: medical insurance

Compensation for employees: unemployment insurance

Other payables - social insurance premiums (pension, medical, unemployment insurance)

Loan: bank deposit

(5) pay personal income tax.

Borrowing: tax payable - personal income tax payable.

Loan: bank deposits.

According to the first provision of the Ministry of Finance on the strengthening of financial management of staff and workers' welfare expenses (financial affairs No. 2009] No. 242), the welfare expenses for employees of enterprises refer to the welfare treatment expenses provided by employees for enterprises except workers' salaries, bonuses, allowances, management of total wages, funds for staff and workers, social insurance premiums and supplementary endowment insurance (Nian Jin), supplementary medical insurance premiums and housing provident fund, including the following cash subsidies and non monetary collective benefits paid to workers or staff members.

Therefore, accounting for five risks, one gold, as a total wage accounting.

According to the thirty-fifth regulation of the enterprise income tax law, the basic social insurance premiums and basic housing insurance premiums, basic medical insurance premiums, unemployment insurance premiums, work-related injury insurance premiums, birth insurance premiums and other basic social insurance premiums and housing provident funds paid by the enterprises in accordance with the scope and standards stipulated by the competent departments of the State Council or the provincial people's government are deducted.

Supplementary pension insurance and supplement for investors or employees

It is allowed to be deducted within the scope and standards prescribed by the finance and taxation department under the State Council.

The Circular of the State Administration of Taxation on the deduction of wages and salaries and welfare expenses for employees (second) of the state tax letter [2009] 3) stipulates that the total wages and salaries of the fortieth, forty-one and forty-two articles of the implementation of the enterprise income tax law refer to the sum of wages and salaries actually paid by enterprises according to the first provision of this notice, excluding the social insurance premiums and housing provident funds such as the welfare of workers, the funds for staff and workers, the trade union funds and endowment insurance, medical insurance, unemployment insurance, industrial injury insurance, childbirth insurance premiums, etc.

That is, the tax law stipulates that social security fees and provident fund are neither the total wages and salaries nor the scope of welfare funds, but are directly listed before the income tax.

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