Xero

MAY 13, 2022

However, if you’re a landlord and you’re registered as a limited company, you’ll need to continue sending limited company accounts and corporation tax to Companies House and HMRC. First, the quarterly updates containing details of your income and expenditure (to be sent from your accounting software to HMRC every quarter). .

Tax 178

Tax XERO Record Keeping Corporation Tax 178

Counto

MARCH 24, 2025

Provisional Tax Planning: How Small Business Owners Can Avoid Year-End Surprises Running a small business in Singapore means wearing many hats from managing daily operations to planning for growth. Provisional tax planning. Dont forget to account for tax exemptions that may lower your liability. The key to avoiding this?

Tax 52

Tax Corporation Tax Accounting Software Budgeting 52

Counto

JANUARY 13, 2025

Speed and Convenience Opening a digital business account is typically faster, with many platforms allowing setup within hours or even minutes. Transactions, from fund transfers to bill payments, can be completed online without visiting a branch. Traditional business accounts may have more limited integration options.

Accounting 52

Accounting Accounting Accounting Software Tax 52

Counto

NOVEMBER 7, 2024

Improve Invoicing : Use invoicing software to streamline billing and ensure payments are collected promptly. Here’s how you can keep your tax planning on track: Understand GST Requirements : If your revenue exceeds the threshold, ensure you’re registered for Goods and Services Tax (GST) and comply with filing deadlines.

Financial Statements 40

Financial Statements Accounting Accounting Payroll 40

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. Ensure your billing and accounting reflect these changes accurately. Zero-Rated Supplies: Transactions such as exports are zero-rated at 0%.

Bookkeeping 52

Bookkeeping Accounting Software Corporation Tax Tax 52

Counto

DECEMBER 13, 2024

Its not just about your profits; its about ensuring your business can pay its bills, invest in growth, and weather unexpected challenges. They could also offer a 5% discount for early payments, encouraging quicker settlement of bills and improving cash flow to pay suppliers and cover operational costs.

Invoicing 52

Invoicing Billing Financial Reporting Accounting Software 52

Counto

MARCH 24, 2025

Faster Reconciliation Bank feed integration allows real-time reconciliation, where your accounting system automatically matches bank transactions to invoices, bills, and expenses. What to Consider when Setting Up Bank Feeds Ensure your accounting software supports secure integration with your bank.

Accounting 52

Accounting Accounting Reconciling Data Entry 52