Accounting Today

DECEMBER 19, 2024

The optional standard mileage rate for automobiles driven for business will increase 3 cents next year.

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Counto

JANUARY 7, 2025

Start the Year Right: Creating a Business Growth Strategy for 2025 As a small business owner in Singapore, setting a clear and actionable business growth strategy for 2025 is essential to ensure long-term success. SMART goals (Specific, Measurable, Achievable, Relevant, Time-bound) ensure clear focus and accountability.

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Counto

FEBRUARY 20, 2025

Singapore Budget 2025: Key Benefits for Small Businesses The Singapore Budget 2025, presented by Prime Minister Lawrence Wong on February 18, brings welcome relief for small businesses facing rising costs while also providing support for long-term growth. Tired of surprise fees from accounting services?

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Counto

JANUARY 26, 2025

Cost of Living for Foreign Entrepreneurs in Singapore in 2025 Starting a business as a foreign entrepreneur in Singapore comes with its challenges, and understanding the cost of living is one of the key factors in managing your finances effectively. Understanding the tax obligations is crucial for managing your finances.

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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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Accounting Today

JANUARY 30, 2024

With the Qualified Business Income tax deduction of 20% set to expire in 2025 (unless it's extended), clients who are starting a business may wonder how their choice of entity will impact their QBI deduction and ultimately their bottom line.

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Counto

JANUARY 27, 2025

Counto’s all-inclusive accounting plans for online sellers feature multicurrency support, unlimited transactions, GST submissions, and tax filingwith no hidden fees. Benefit from a dedicated team of experts, including a bookkeeper, Chartered Accountant, and tax specialist. Optimise your e-commerce finances today.

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Counto

JANUARY 21, 2025

Tax Deadlines in Singapore for 2025: Every Small Business Should Know As a small business owner in Singapore, managing your taxes may feel like a challenge. However, keeping up with tax deadlines doesnt need to be stressful. Corporate Income Tax a. Goods and Services Tax (GST) a.

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Counto

JANUARY 7, 2025

2025 Regulatory Changes: What SMEs in Singapore Need to Know As we approach 2025, small businesses in Singapore are facing a dynamic regulatory landscape that will impact various aspects of their operations, including accounting services. Key Regulatory Changes for 2025 1. Higher accountability for financial reporting.

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Counto

FEBRUARY 8, 2024

Goods and Services Tax (GST) Returns: For GST-registered companies, filing and payment are due within one month after the end of each accounting period. For instance: Jan – Mar 2024: Due by 30 Apr 2024 Apr – Jun 2024: Due by 31 Jul 2024 Jul – Sep 2024: Due by 31 Oct 2024 Oct – Dec 2024: Due by 31 Jan 2025 Did you know?

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Counto

FEBRUARY 17, 2024

Subsidised Full-Time Diploma Pursuits : Recognising the importance of continuous upskilling, mid-career Singaporeans will receive support to pursue another subsidised full-time diploma at polytechnics, Institute of Technical Education (ITE), and arts institutions starting from the 2025 academic year.

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Counto

FEBRUARY 17, 2024

Subsidised Full-Time Diploma Pursuits : Recognising the importance of continuous upskilling, mid-career Singaporeans will receive support to pursue another subsidised full-time diploma at polytechnics, Institute of Technical Education (ITE), and arts institutions starting from the 2025 academic year.

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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). Payment is due within 1 month of the NOA date.

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NextProcess

FEBRUARY 12, 2025

The specific issues these CFOs believed could have the biggest impacts on their businesses were tariffs and changes to corporate tax policies. Theres still quite a bit of uncertainty about how presidential policy and other factors will affect economics in 2025 and beyond.

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Counto

JANUARY 26, 2025

How the Open Electricity Market Can Help SMEs Save on Energy Costs in Singapore in 2025 As a small business owner in Singapore, keeping costs down is always a priority. This blog will guide you through how the OEM works and how it can help your business save money in 2025. What is the Open Electricity Market (OEM)? Learn more here.

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Counto

MARCH 24, 2025

Current ID Numbers Used in Singapore NRIC (National Registration Identity Card) For citizens and permanent residents Used for official identification, banking, tax, employment FIN (Foreign Identification Number) Issued to foreigners with long-term passes (e.g., Let AI handle your books while tax pros manage your filing.

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Counto

JANUARY 13, 2025

Here’s how you can ensure compliance with tax regulations and maximise your charitable giving: 1. Establish a Dedicated Account for Charity Donations Create a specific account or category for charity donations in your accounting system, such as “Charitable Contributions” or “CSR Expenses.”

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