Does a branch office need to make financial statements?

The financial statements of a branch office generally do not need to be reported if they are not independently accounted for, and they must be declared if they are independently accounted for. If it is a non-independent accounting, but you have made a mistake when you report it, and you need to report it, you can find the tax bureau to correct it, but many tax bureaus change every year, so it is recommended to communicate with the tax bureau whether you can declare 0, or prepare a statement declaration for the distribution of your own head office, and then change it in the second year.

Accounting statements should be submitted to the owners, creditors, relevant parties, local financial and taxation authorities, depositary banks, and competent departments on a regular basis. The accounting statements of a limited liability company shall be distributed to each investment unit. The accounting statements of the shares should also be placed in the company's office premises before the shareholders' meeting 20 days ago, for shareholders to consult, the public offering of ** company, should be in accordance with the relevant provisions of the Ministry of Finance to announce the relevant statement documents, the monthly statement should be submitted within six days after the end of the month.

The annual financial statements shall be submitted within four months after the end of the year. The annual accounting statements submitted by the enterprise to the outside world shall be prepared by the administrative leaders of the enterprise and the financial statements on the basis of the account books and records that are fully registered and checked and correct, and other relevant materials, so that the figures are true, the calculations are accurate, the contents are complete, and the reports are submitted in a timely manner. Financial statements are usually audited by a certified public accountant.

Composition of the financial statements

A complete set of financial statements includes a balance sheet, income statement, cash flow statement, statement of changes in owners' equity (or statement of changes in shareholders' equity), and notes to the financial statements.

1. Balance sheet statement of financial position It reflects the current status of assets, liabilities and capital of the enterprise. Long-term solvency, short-term solvency and profit distribution ability, etc.

2. Income statement (or income statement) (income statement profit and loss account) It reflects the amount and structure of the current company's income, expenses and gains and losses that should be recorded in the current profit.

3. Cash Flow Statement It reflects the ins and outs of the cash flow of the enterprise, which is divided into three parts: operating activities, investment activities and financing activities.

4. Statement of change in equity It reflects the increase or decrease of the total amount of owners' equity (shareholders' equity) of the enterprise in the current period, and also includes structural changes, especially the gains and losses directly credited to the owner's equity.

5. Notes to financial statements generally include the following items: the basic information of the enterprise, the basis for the preparation of financial statements, the statement of compliance with the accounting standards for business enterprises, important accounting policies and accounting estimates, explanations of changes in accounting policies and accounting estimates and correction of errors, and explanations of important statement items.

If you have a branch, you have to do it, it depends on the nature of your branch, whether it is financially independent or not, or whether it is an office, and a real branch is what you have to do.

The financial statements of the branch office are his own financial statements.

That is, the report of your branch.

To put it simply, the income statement is only for expenses.

The balance sheet includes fixed assets and funds, and the remaining liabilities are other payables - head office.

The branch also needs to make financial statements, and if there is industrial and commercial and tax registration, it must also file tax returns to the tax department on time.

There are three situations in the tax management of the head office: 1. The branch is completely independent accounting and normally enjoys the preferential policies of the state; 2. Independent accounting of value-added tax and summary payment of income tax; 3. The branch is not independent accounting, and the branch does not keep accounts and declares taxes, which are summarized and processed by the head office (conditions: the annual turnover is more than 50 million, and there are more than 10 branches to be approved, and the local tax bureau and the finance bureau need to be approved at the same time).

Of course, I want it, otherwise how can I pass the annual review.

Must be merged. This is because a branch office is not a separate legal entity.

Consolidated accounting statements are prepared by the parent and subsidiary of an independent legal person, which are prepared at the end of the period on the basis of the financial statements of the parent company and its subsidiaries and adjusted the long-term equity investment in the subsidiary according to the equity method in order to reflect the overall financial position, operating results and cash flow of the enterprise group.

However, the consolidation method adopted between the total scores within the same legal entity is different from the consolidated report, and is more similar to the summary report, which is a simple mathematical superposition of the data of multiple individual financial statements, and the method is relatively simpler.

Non-consolidation means that the statements are false and involve fraud.

Hello, the head office performance and financial statements can not be used by the branch, and the head office can not use the performance and financial statements of the branch. China's laws and regulations stipulate that a company can set up a branch. To set up a branch, it shall apply for registration with the company registration authority and obtain a business license.

Therefore, the two are separated, and the head office cannot use the performance of the branch.

Legal analysis: 1. The company does not have the status of an independent legal person, and all its external claims and debts should be borne by the head office. However, in general, the branch office conducts business relatively independently, and the head office should liquidate it when it is deregistered, and receive its assets, creditor's rights and outstanding debts.

Through liquidation, a liquidation statement is formed, the profit and loss are confirmed, and the report is submitted to the local competent tax authority for approval, and the head office shall make corresponding accounting treatment accordingly.

2. The head office shall offset its net assets (loss amount) with the appropriation on the books of the head office and recognize the loss in the form of consolidated statements. At the same time, the creditor's rights and debts that should be undertaken should be incorporated into the account of the head office.

3. When recognizing losses, the income tax issues involving the head office and branch offices should be more related to the tax department (especially the head office).

4.Finally, cancel the business license of the branch Tax registration certificate Notes: 1. To cancel the tax registration, the information required: the original and copy of the tax registration certificate, the invoice and the invoice purchase book, and fill in the cancellation application form. Write off the national tax first, and then the local tax;

2. To cancel the business license, make an announcement first, and bring the original and copy of the business license. Tax cancellation certificate, fill in the cancellation application form;

3. Finally, cancel the organization certificate, with business license, tax registration, and bank account cancellation certificate.

Legal basis

Company Law of the People's Republic of China

Article 14 The company may set up a branch. To establish a branch, it is necessary to apply for registration with the company registration authority and obtain a business license. A branch office does not have legal personality, and its civil liability is borne by the company.

A company may establish a subsidiary, which has the status of a legal person and independently bears civil liability in accordance with the law.

Article 179 In the event of a merger or division of a company, and there is a change in the registration items, the company shall go through the change registration with the company registration authority in accordance with the law; If the company is dissolved, it shall go through the deregistration of the company in accordance with the law; If a new company is established, the company establishment registration shall be completed in accordance with the law.

If a company increases or decreases its registered capital, it shall apply to the company registration authority for change registration in accordance with the law.

Legal analysis: whether the branch needs to do the accounting tax declaration is mainly to see whether the branch has handled the business license independently, if there is an independent business license, value-added tax and income tax must be declared independently, if there is no independent business license, the value-added tax is declared by the biller (that is, if the invoice is the head office, it will be declared by the head office), income tax to see whether the branch is independently accounted for, if it is independently accounted for, declared by the branch, if not independently calculated, summarized and declared by the head office.

Legal basis: Article 7 of the Law of the People's Republic of China on the Administration of Tax Collection and Collection Article 7 Taxpayers must truthfully handle tax declarations in accordance with the provisions of laws and administrative regulations or the declaration period and declaration content determined by the tax authorities in accordance with the provisions of laws and administrative regulations, and submit tax returns, financial and accounting statements and other tax payment materials required by the tax authorities according to the needs of the real ruler. The withholding agent shall, in accordance with the provisions of laws and administrative regulations or the tax authorities in accordance with the provisions of laws and administrative regulations, truthfully submit the tax withholding and remitting, collection and remittance tax report form and other relevant materials required by the tax authorities according to actual needs.

If it is an independent accounting, then the tax can be paid by the branch office in the place of registration, and the head office does not need to pay its tax repeatedly. Because the branch is an independent accounting, the head office does not reflect the business situation of the branch in the company's own statements prepared by the head office, but only includes the branch in the preparation of the consolidated statements of the whole company, and the income, cost, profit and other smiling branches of the branch are only reflected in the general consolidated statements.