Counto

NOVEMBER 2, 2024

Invoice Management with E-commerce Platforms for Singapore SMEs For small business owners in Singapore, effective invoice management is crucial for maintaining a healthy cash flow and ensuring smooth operations. Instant Invoicing : Invoices are created and sent to customers immediately after an order is placed, eliminating delays.

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Counto

NOVEMBER 7, 2024

Improve Invoicing : Use invoicing software to streamline billing and ensure payments are collected promptly. Engage Professional Advice : Seek advice from tax professionals familiar with Singapore’s tax landscape to optimise your tax efficiency and ensure full compliance with corporate tax regulations.

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CapActix

FEBRUARY 27, 2025

Businesses using accounting software like QuickBooks, Xero, or FreshBooks can easily pull these reports. Having accurate records simplifies tax filing and minimizes errors. The IRS wont accept estimates or verbal explanations, you need receipts, invoices, and records to support every claim.

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Tax CPA Financial Records Auditing 52

Counto

MARCH 19, 2024

Tax Deadlines Resident sole proprietors generally need to file their personal income tax returns by April 15th each year. Non-residents have varying deadlines based on their tax residency status. Record Keeping Maintain meticulous financial records, including income statements, receipts, invoices, and expense records.

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Counto

OCTOBER 3, 2024

Example: A medical equipment seller should keep receipts and invoices organised to facilitate GST filings. Ensure GST Compliance Accurately reflect GST on invoices and file returns promptly to avoid penalties. Leverage Cloud-based Accounting Software Embracing technology can streamline your accounting processes.

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Counto

OCTOBER 7, 2024

Example: A tech startup predicting sales of S$800,000 may choose voluntary GST registration if it plans to spend S$100,000 on vital software, allowing it to recover the GST paid. Maintain Detailed Records Keeping organised records is crucial for claiming ITCs: Retain all pertinent documents, such as invoices and receipts.

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Tax Record Keeping Invoicing Corporation Tax 52

Counto

DECEMBER 13, 2024

Explore our all-in accounting plans and keep more of what you earn. Understanding Common Cash Flow Mistakes Small business owners should be aware of common mistakes that can worsen cash flow issues: Inefficient Invoicing Systems: Delayed or inaccurate invoicing can slow down the cash inflow process.

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