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Corporate Tax Relief and Cash Grant Good news for your bottom line – you’ll receive a 50% corporate income tax rebate for YA 2025. The government will now co-fund 40% of wage increases in 2025 (up from 30%) and 20% in 2026 (up from 15%) for lower-wage workers. Tired of surprise fees from accounting services?
Maintaining accurate and organised records is crucial to ensure compliance with tax obligations, manage finances effectively, and provide transparency in your company’s financial affairs. Refer to this Record Keeping Checklist for a list of the different types of records required. How Long Should Company Records Be Kept For?
This advanced software offers a comprehensive range of features, including payroll management, report generation, expense tracking, and even tools for auditing and tax preparation support. Investing in the best accounting software for CPAs and accounting firms designed to facilitate the operations of accounting business is a prudent decision.
This could explain the high growth of the accounting software industry, estimated to reach $12 billion by 2026. Keeping financial data on basic computer applications without proper security measures can expose sensitive information to unauthorized access and cyberattacks. These can be easily misplaced, stolen, or damaged.
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