Xero

AUGUST 11, 2022

It would be no surprise to learn that many accounting practices and their small business, landlord and sole trader clients are currently suffering from confusion from overuse of acronyms (CFOA). Frankly, you already have enough to remember, thanks to Making Tax Digital (MTD) for VAT and Income Tax Self Assessment (ITSA).

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Xero

JUNE 18, 2023

Here are our latest updates and what they mean for accountants and bookkeepers in the UK. If that’s you — it’s a great time to try Xero Practice Manager (XPM) and easily manage jobs, time tracking and billing in your practice, with the same client data that you’ve been using in Xero HQ.

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XERO Corporation Tax Tax Billing 279

Accounting Today

JULY 20, 2022

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Accounting Today

MARCH 4, 2024

There's a growing sense of unease among asset managers that companies with conspicuously small tax bills pose a financial liability too big to ignore.

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Accounting Today

JULY 2, 2024

The IRS agreed to reduce one of its tax claims from about $649 million to $43 million related to resolution of a dispute over SVB's use of a "mark-to-market" accounting method to value certain financial products.

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Counto

JANUARY 13, 2025

Digital Business Accounts vs. Traditional Business Accounts: Which is Right for Your Small Business? Whether youre a new entrepreneur or a seasoned business owner, choosing the right type of business account can significantly impact your operations. Heres why digital business accounts are gaining popularity: 1.

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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). .

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Tax XERO Record Keeping Corporation Tax 174

Accounting Today

NOVEMBER 9, 2023

The iPhone maker risks having to pay billions to Ireland after an advisor to the European Union's top court said its victory in an earlier challenge should be thrown out.

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Accounting Today

MARCH 12, 2025

A bipartisan group of lawmakers has reintroduced legislation to allow immediate expensing of research and development costs, all the way back to 2022 when the tax break expired.

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Billing Tax Corporation Tax 130

Counto

NOVEMBER 7, 2024

Essential Accounting Tips for Singapore’s F&B Industry The food and beverage (F&B) industry in Singapore faces unique challenges, especially in terms of financial management. In this post, we’ll cover some essential accounting practices and tips that can help streamline financial management for F&B businesses in Singapore.

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Counto

NOVEMBER 10, 2024

Example : If a restaurant charges S$25 for a meal and the GST is 7%, the total bill would be S$26.75. The total bill will show the price of the dish (S$30) plus 7% GST (S$2.10) , making the total S$32.10. Filing Deadlines : The GST return must be filed within one month after the end of the accounting period.

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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. Combine accounting and tax filing in a single plan. The key to avoiding this? One fixed price.

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Counto

JANUARY 11, 2025

Whether youre looking to embrace digital transformation, adopt sustainable practices, or streamline your accounting services , this years Budget offers targeted support to help small businesses thrive. From digital tools to tax relief and workforce development, heres how you can leverage these initiatives to achieve your goals.

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Counto

JANUARY 26, 2025

Healthcare and Insurance While Singapore offers excellent healthcare facilities, foreign entrepreneurs need to account for the costs of healthcare and health insurance, which can differ from what is available in their home countries. Understanding the tax obligations is crucial for managing your finances. Learn more here.

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Accounting Today

SEPTEMBER 10, 2024

billion Irish tax bill and Google lost its challenge over a €2.4 Apple lost its court fight over a ($14.4 billion fine for abusing its market power.

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Accounting Today

JANUARY 4, 2023

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Counto

JANUARY 9, 2025

Some common examples include: Cloud-based software : Such as accounting tools, project management platforms, and CRM systems. For example, if your business is paying S$100 a month for cloud-based software, the additional GST will add S$7 to your monthly bill. Online training platforms : E-learning subscriptions for staff development.

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Counto

NOVEMBER 2, 2024

Tired of surprise fees from accounting services? From multicurrency accounting to tax filing, Counto handles it all—with unlimited transactions. Monitor Cash Flow Regularly Identify Payment Trends : Keep a close eye on your accounts receivable to spot trends in payment delays or issues with specific clients.

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Accounting Fun

OCTOBER 7, 2022

Profit – A chief executive who gives the accountant the bottom-line. Corporation Tax – A levy on people with large stomachs. Book-keeping – Those books not given to the accountant. Cost Accounting – Size of accountants' bill. Debtor – A high society fillies’ coming out trip.

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Acton Accounting & Bookkeeping

MAY 29, 2016

Bill 20 has introduced a $20 per tonne carbon levy commencing January 1st, 2017. Shannon Phillips’ views on Bill 20 - Miss Phillips’ claims that every penny raised through the carbon tax will be reinvested into carbon related initiatives. Acton Accounting and Bookkeeping Inc.

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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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Counto

SEPTEMBER 27, 2024

Effective strategies can help you lower your utility bills and enhance overall financial sustainability. Long-Term Savings: Investing in energy-efficient equipment may involve a higher initial cost but results in significant savings on energy bills over time. Explore our all-in accounting plans and keep more of what you earn.

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Counto

MAY 23, 2024

From bookkeeping and accounting to taxes, payroll, and corporate secretarial tasks, our goal is to embed AI into every aspect of our stack. Experience the Counto advantage Counto is the trusted provider of accounting, tax preparation and CFO services for startups and SMEs.

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Counto

SEPTEMBER 20, 2024

Key Payroll Functions With CorpPass, you can efficiently handle several critical payroll tasks: Corporate Tax Filings: Easily submit your company’s tax documents to the Inland Revenue Authority of Singapore (IRAS). This eliminates the hassle of managing multiple logins and navigating various portals.

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Counto

DECEMBER 13, 2024

While it may seem like just another accounting report, this financial statement provides a clear picture of how money moves in and out of your business, helping you make informed decisions. Proper accounting services can help SMEs stay on top of their financial situation and provide valuable insights to keep operations running smoothly.

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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. Let Counto’s tax specialists handle Singapore’s tax complexities for you.

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Counto

SEPTEMBER 10, 2024

Ensure that your chosen name is both unique and compliant with the regulations set by the Accounting and Corporate Regulatory Authority (ACRA). Proof of Address: Utility bills or tenancy agreements. Company Registration Number: Necessary for opening bank accounts and conducting business operations.

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Corporation Tax Tax Payroll Billing 52

Counto

OCTOBER 2, 2024

Navigate tax season with confidence: Our tailored, all-in-one accounting plans optimise your finances year-round. Discover how we can streamline your taxes and accounting today. Experience the Counto advantage Counto is the trusted outsourced provider of accounting, tax preparation and CFO services for startups and SMEs.

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Corporation Tax Tax Payroll Budgeting 52

Counto

NOVEMBER 7, 2024

Example : A newly opened café earning S$120,000 in its first year can have the first S$100,000 of its income exempt from taxes, reducing its overall tax bill during its early phase. Navigate tax season with confidence: Our tailored, all-in-one accounting plans optimise your finances year-round.

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Accounting Today

AUGUST 7, 2022

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Accounting Today

AUGUST 8, 2022

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Accounting Today

AUGUST 3, 2022

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Billing Tax Corporation Tax 246

Accounting Today

AUGUST 1, 2022

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Accounting Today

AUGUST 8, 2022

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Billing Tax Corporation Tax 246

Accounting Today

AUGUST 11, 2022

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Billing Tax Corporation Tax 246

Accounting Today

AUGUST 3, 2022

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Billing Tax Corporation Tax 245

Accounting Today

JULY 29, 2022

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