Xero

AUGUST 11, 2022

Frankly, you already have enough to remember, thanks to Making Tax Digital (MTD) for VAT and Income Tax Self Assessment (ITSA). The government legislation with the goal of digitising the tax process has been underway for some time, and the next step is looming large on the horizon. Where to find more information.

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Counto

FEBRUARY 7, 2024

Corporate Tax Filing in Singapore: A 2024 Guide for Businesses If you’re a business operating in Singapore, understanding the intricacies of corporate tax filing is essential to maintain legal compliance and financial stability. Click on it to access the corporate tax filing section within the MyTax Portal.

Corporation Tax 52

Corporation Tax Tax Data Entry Accounting Software 52

Accounting Today

FEBRUARY 12, 2024

Corporations will be the beneficiaries of a reduction in the top marginal rate in all six states.

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Tax Corporation Tax 204

Counto

APRIL 17, 2024

A Guide to New FWA Guidelines for Singapore SMEs from Dec 2024 Starting December 1, 2024, Singapore will see a significant shift towards supporting flexible work arrangements (FWAs), as mandated by the newly established Tripartite Guidelines. These are set to be available from May 2024 and can be accessed through the Tafep website.

Corporation Tax 98

Corporation Tax Payroll Bookkeeping Tax 98

Billah and Associates

SEPTEMBER 23, 2024

Understanding corporate taxes in Canada can be challenging, especially since businesses are subject to both federal and provincial taxes. Knowing the differences between these two tax systems and how they impact your business is crucial for ensuring compliance and maximizing tax savings.

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Counto

APRIL 4, 2024

Corporate Taxes: The Benefit of Tax-Deductible Donations In the realm of business, giving back to the community isn’t just about altruism—it’s also about strategic financial planning. Tax-deductible donations offer a unique opportunity for businesses to support worthy causes while also benefiting their bottom line.

Corporation Tax 52

Corporation Tax Tax Computation Bookkeeping 52

Counto

FEBRUARY 8, 2024

Mark Your Calendar: 2024 Tax Deadlines for Singapore Businesses As we step into 2024, it’s good practice to mark your calendar for the year’s compliance deadlines. To avoid hefty penalties, early preparation is key.

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Counto

FEBRUARY 17, 2024

Budget 2024: Insights into the SkillsFuture Level-Up Programme In line with the Budget 2024 announcement, Deputy Prime Minister Lawrence Wong introduced comprehensive measures to bolster the national SkillsFuture movement and provide substantial support to mid-career workers aged 40 and above. Here’s what you need to know: 1.

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Accounting Today

JULY 18, 2023

Ottawa has pledged to implement a new digital services tax in early 2024, unless a global tax agreement is ratified by OECD countries.

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Counto

FEBRUARY 20, 2025

Corporate Tax Relief and Cash Grant Good news for your bottom line – you’ll receive a 50% corporate income tax rebate for YA 2025. Even better, if you employ at least one local worker in 2024, you’ll get a minimum cash grant of SG$2,000, even if you’re not profitable.

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Budgeting Corporation Tax Computation Tax 52

Counto

FEBRUARY 17, 2024

Singapore Budget 2024: Insights into the SkillsFuture Level-Up Programme In line with the Budget 2024 announcement, Deputy Prime Minister Lawrence Wong introduced comprehensive measures to bolster the national SkillsFuture movement and provide substantial support to mid-career workers aged 40 and above.

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Budgeting Corporation Tax Collections Tax 52

Counto

FEBRUARY 17, 2024

Budget Singapore 2024: 7 Key Takeaways for SMEs and Business Owners Singapore Budget 2024 contains several financial measures to support businesses, households, and individuals. Corporate Tax: Under the Base Erosion and Profit Shifting (BEPS) 2.0 billion to assist companies in managing rising costs.

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Counto

JANUARY 2, 2024

A Quick Guide to Registering Your Company in Singapore in 2024 Singapore continues to be a thriving hub for businesses globally, and with good reason. If you’re considering starting your own company in the Lion City, this 2024 guide provides a comprehensive roadmap that surpasses the information provided in existing resources.

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Accounting Today

OCTOBER 9, 2024

A new survey by PwC of top corporate executives uncovered worries about tax policy after the election.

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Counto

MARCH 19, 2024

Filing your corporate tax return (Form C-S/ C) File with IRAS By Nov 30 (or Dec 15 for e-filing submission) This involves reporting your company’s income earned in the previous financial year, known as the Year of Assessment (YA). For instance, if filed in November 2023, expect the NOA by May 2024.

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Accounting Today

SEPTEMBER 18, 2024

A new Deloitte survey shows 58% of CFOs saying the result of the presidential election will be extremely or very consequential for their organization.

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Corporation Tax Tax Accounting Accounting 298

Earmark Accounting Podcast

AUGUST 9, 2024

Discover how tax policies impact everyday expenses like housing, healthcare, and education, and learn surprising historical tax facts such as the 18th-century British “window tax” and its relevance to today's proposed wealth taxes.

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Tax Corporation Tax CPA Bookkeeping 49

Counto

JANUARY 21, 2025

Filing Corporate Income Tax Returns (Form C-S/C) e-Filing Deadline: 30 November 2025 All companies, even those that are dormant, are required to submit their corporate tax returns. Goods and Services Tax (GST) a. Quarterly GST Filing Filing dates depend on your GST accounting cycle.

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Remote Quality Bookkeeping

APRIL 3, 2023

IRS Announced Tax Bracket Changes In October, the IRS announced Revenue Procedure 2022-38, which adjusted inflation to over 60 tax provisions [1]. The most notable changes involve the income thresholds for individual and married couple tax brackets as well as some changes to corporate tax payments.

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Counto

MARCH 26, 2024

Real estate investment trusts that have been granted the tax treatment under Section 43(2) of the Income Tax Act 1947. Corporate Income Tax Rebate (CIT) for YA 2024 As announced in Budget 2024, a CIT Rebate of 50% of the corporate tax payable will be granted to all tax paying companies for YA 2024.

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Counto

SEPTEMBER 20, 2024

Example: A small IT consultancy firm with a turnover of SGD 500,000 opts for voluntary GST registration to reclaim tax on its equipment purchases, thereby improving cash flow. GST Rates and Their Implications Current GST Rate: The standard GST rate is 8% and will increase to 9% from 1 January 2024.

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Bookkeeping Accounting Software Corporation Tax Tax 52

Counto

SEPTEMBER 12, 2024

From January 1, 2024, this rate will increase to 9%. Starting January 2024, this will increase to SGD 90. Zero-Rated GST International Services: Services provided to clients outside Singapore may be zero-rated, meaning they are taxed at 0%. This rate applies to fees for services like recruitment and placement.

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Accounting Today

OCTOBER 9, 2024

In less than 30 days, Americans will elect the politicians who will set policy for the next two years in Congress and four years at the White House.

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Counto

OCTOBER 16, 2024

Singapore Maintains Strong Standing with a 4th Place in the Global Financial Centres Index Singapore has reinforced its status as a leading global financial centre, achieving fourth place in the 2024 Global Financial Centres Index (GFCI). Various free trade agreements and double taxation treaties further mitigate operational costs.

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Counto

FEBRUARY 13, 2024

For instance, if your company remained inactive and generated no income in 2023, IRAS will classify it classified as a dormant company for the Year of Assessment (YA) 2024. When the company resumes activities, it must begin submitting financial statements and adhere to filing Annual Returns and Corporate Tax Returns as an active entity.

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Counto

NOVEMBER 13, 2024

Get accounting plans that combine bookkeeping with corporate tax filing to help you stay compliant at an affordable price. To learn more, speak to us directly on our chatbot, email hello@mycounto.com, or use our contact form to get started.

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Accounting Today

JUNE 14, 2024

Donald Trump promised to lower the corporate tax rate to 20%, further reducing the income levy on the largest U.S. companies that he already slashed while president.

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Corporation Tax Tax 312

Counto

JANUARY 13, 2025

Stay Informed About Tax Deduction Schemes As of 2024, the Singapore government has extended the 250% tax deduction for donations until the end of 2026. Properly reflected donations also provide a clearer picture of your businesss financial health, especially when working with investors or auditors.

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Counto

JANUARY 8, 2025

As of May 1, 2024, Lazada has implemented a new commission structure with rates typically ranging from 1% to 4% , but it can vary if some product categories may have a higher fee than others. Get accounting plans that combine bookkeeping with corporate tax filing to help you stay compliant at an affordable price.

Corporation Tax 52

Corporation Tax Tax Bookkeeping Customer Service 52

Insightful Accountant

SEPTEMBER 9, 2024

Former President Trump has proposed a significant change to corporate taxation, targeting domestic manufacturing. 5, 2024, Trump outlined a plan to reduce the corporate tax rate from 21% to 15%. Speaking at an Economic Club of New York event on Sept.

Corporation Tax 98

Corporation Tax Tax 98

Cloud Accounting Podcast

JULY 25, 2024

Sponsors Relay - [link] Zoho - [link] Makers Hub - [link] Lendflow - [link] Chapters (01:00) - Global IT Outage Chaos (02:48) - Guess the Company Game (05:04) - Accounting Salaries and Compensation (14:47) - PwC Cutting Chinese Partners Pay by 50% (16:24) - Relay: The Ultimate Banking Solution (18:50) - Payday Advance Apps Under Scrutiny (21:40) - (..)

Corporation Tax 56

Corporation Tax CPA Tax Accounting Software 56

Accounting Today

NOVEMBER 5, 2024

Democratic candidate Kamala Harris' support for higher corporate tax rates is also a source of concern. Much of the C-suite angst is over the risk of additional tariffs, particularly if Republican Donald Trump wins another term.

Corporation Tax 189

Corporation Tax Tax 189

Accounting Today

MAY 10, 2024

President Biden's top economic advisor pledged Democrats would push to reverse Donald Trump's corporate tax cuts next year.

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Corporation Tax Tax 299

Accounting Today

SEPTEMBER 11, 2024

The debate Tuesday night between Vice President Kamala Harris and former President Donald Trump in Philadelphia included little discussion about taxes, but pointed to at least some of their economic policies.

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