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Making Tax Digital for ITSA has been delayed, but we’re ready to support you

Xero

From optimising onerous, time-consuming tasks, to improving the efficiency and accuracy of the tax process, small businesses, accountants and bookkeepers should be able to look to the future with optimism. For example, a huge number of small businesses are facing cash flow crunch – when expenses in a given month exceed revenue.

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Provisional Tax Planning: How Small Business Owners Can Avoid Year-End Surprises

Counto

Calculate Estimated Taxes After deducting allowable expenses, calculate your chargeable income and apply the standard 17% corporate tax rate. Dont forget to account for tax exemptions that may lower your liability. Seek Expert Guidance Tax regulations can be complex.

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Corporate Tax Filing in Singapore: A 2024 Guide for Businesses

Counto

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.

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A short guide to Making Tax Digital for landlords

Xero

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). .

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Digital Business Accounts vs. Traditional Business Accounts: Which is Right for Your Small Business?

Counto

For example, a small business owner based in Singapore with clients in different countries can easily transfer funds internationally without the delays typically experienced with traditional business accounts. Traditional business accounts may have more limited integration options.

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Essential Accounting Tips for Singapore’s F&B Industry

Counto

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. Summary Effective accounting is key to running a successful F&B business in Singapore.

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Invoice Management with E-commerce Platforms for Singapore SMEs

Counto

Integration with Accounting Software E-commerce platforms often allow for seamless integration with accounting systems, which can greatly benefit small business owners in Singapore. Get accounting plans that combine bookkeeping with corporate tax filing to help you stay compliant at an affordable price.