Counto

NOVEMBER 10, 2024

Account for all expenses : Include fixed costs like rent, utilities, and wages, as well as fluctuating costs such as supplies and repairs. Prepare for contingencies : Build an emergency fund to account for unforeseen costs or periods of low demand. Explore our all-in accounting plans and keep more of what you earn.

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Budgeting Payroll Tax Corporation Tax 40

CapActix

FEBRUARY 27, 2025

Make sure the EIN or SSN you use on your business tax return online matches the one on your previous filings. Incorrect tax ID numbers can lead to a rejected return or IRS notices. Financial Records Your financial records are the backbone of your tax filing.

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Tax CPA Financial Records Auditing 52

Counto

OCTOBER 3, 2024

Accounting Principles for Online Sellers Aiming for CAB Status As a small business owner in Singapore, obtaining accreditation as a Conformity Assessment Body (CAB) can elevate your business profile and open new avenues. However, with accreditation comes the need for meticulous accounting practices.

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Record Keeping Accounting Accounting Auditing 52

Counto

OCTOBER 3, 2024

Here are some strategies for leveraging working loans effectively while considering corporate tax implications. Invoice Financing: This enables businesses to borrow against unpaid invoices, improving immediate cash flow without waiting for customer payments, thus avoiding potential tax liabilities from delayed cash inflows.

Corporation Tax 52

Corporation Tax Tax Financial Statements Financial Records 52

Counto

SEPTEMBER 12, 2024

Managing Finances and Accounting in Singapore’s Beauty and Spa Industry Effectively managing finances and accounting is crucial for the success of beauty salons and spas in Singapore. Proper financial management not only ensures compliance with regulations but also supports business growth and profitability.

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Deposits Budgeting Accounting Accounting 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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Record Keeping Financial Records Accruals Corporation Tax 52

Counto

MARCH 23, 2025

One Platform for All: Simplifying Accounting, Tax & Secretarial Tasks for SMEs in Singapore Running an SME in Singapore means constantly balancing multiple rolesfrom managing daily operations to navigating regulatory requirements. Simplified Tax Compliance Tax compliance is essential for every Singapore SME, but it can be complex.

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Tax Accounting Accounting Data Entry 40

Counto

SEPTEMBER 17, 2024

Handling Returns and Refunds: Accounting Best Practices for Singapore’s Online Sellers Handling returns and refunds is a crucial aspect of running an e-commerce business, especially for Singapore’s online sellers. Ensure Accuracy: Proper documentation supports accurate accounting and inventory management.

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Accounting Accounting Record Keeping Corporation Tax 52

Counto

JANUARY 21, 2025

Filing Corporate Income Tax Returns (Form C-S/C) e-Filing Deadline: 30 November 2025 All companies, even those that are dormant, are required to submit their corporate tax returns. To streamline the process, ensure your financial statements and any supporting documents are organised early. Tax season approaching?

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Tax Corporation Tax Financial Statements Financial Records 52

Counto

JANUARY 7, 2025

2025 Regulatory Changes: What SMEs in Singapore Need to Know As we approach 2025, small businesses in Singapore are facing a dynamic regulatory landscape that will impact various aspects of their operations, including accounting services. What to Expect: Possible changes to existing tax incentives.

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Corporation Tax Payroll Financial Reporting Collections 52

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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Bookkeeping Accounting Software Corporation Tax Tax 52

Counto

NOVEMBER 7, 2024

Example : A café upgrading its kitchen equipment can benefit from accelerated depreciation, lowering its taxable income and reducing its corporate tax liability. Navigate tax season with confidence: Our tailored, all-in-one accounting plans optimise your finances year-round. Click here to learn more.

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Tax Financial Statements Financial Reporting Record Keeping 40

Counto

OCTOBER 8, 2024

Fast, AI-Driven Financial Insights Timely Access to Data: Traditional accounting methods can be slow, leaving business owners waiting for crucial financial information. AI-Powered Processing: Counto’s platform processes your financial data quickly, providing timely insights and reports.

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Financial Reporting Tax Payroll Corporation Tax 52

Counto

JUNE 13, 2023

In this article, let us examine potential reasons why your business tax return may attract attention and provide valuable insights on avoiding them, ensuring a smooth and trouble-free corporate tax filing experience. Supercharge your business with Counto, a trusted provider of tax and accounting services for SMEs in Singapore.

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Tax Financial Statements Reconciling Record Keeping 52

AvidXchange

MARCH 22, 2024

During the course of a year, certain periods can be stressful within accounting and finance departments, as teams are asked to keep up with their day-to-day responsibilities while taking on extra work. Currently, he’s an account executive for the real estate vertical at AvidXchange, helping AP teams streamline processes with automation.

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Accounting Accounting AP Budgeting 52

Counto

NOVEMBER 27, 2024

In this guide, we’ll walk through the key legal steps and considerations you need to take into account when establishing an F&B franchise in Singapore. Company Name: Your company name should be unique and comply with the rules set by the Accounting and Corporate Regulatory Authority (ACRA).

Corporation Tax 40

Corporation Tax Tax Financial Records Bookkeeping 40

Counto

JANUARY 8, 2024

Pte Ltd: Private Limited Companies face more stringent compliance requirements, such as maintaining proper financial records, filing annual returns, and holding annual general meetings. Taxation Sole Proprietorship: Sole proprietors are taxed at their personal income tax rates, based on the business’s profits.

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Corporation Tax Tax Financial Records Accounting 52

Counto

SEPTEMBER 7, 2024

Our expert accountants deliver comprehensive services—from bookkeeping to tax filing—at transparent rates. Explore our all-in accounting plans and keep more of what you earn. Engage an Auditor: Select a qualified auditor who is a Public Accountant registered with the Accounting and Corporate Regulatory Authority (ACRA).

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Auditing Financial Statements Tax Budgeting 52

Counto

FEBRUARY 13, 2024

Appointment of company secretary Engagement of an auditor Maintenance of a registered office Maintenance of company registers and financial records. When the company resumes activities, it must begin submitting financial statements and adhere to filing Annual Returns and Corporate Tax Returns as an active entity.

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Financial Statements Corporation Tax Financial Records Tax 52

LedgerDocs

FEBRUARY 25, 2025

Tax season 2025 is fast approaching, and for bookkeepers and accountants, staying on top of the important corporate tax deadlines is the key to completing smooth filings for their clients. Canadian-Controlled Private Corporations (CCPCs) that meet specific criteria may have three months to pay taxes owing for the year.

Corporation Tax 52

Corporation Tax Tax Payroll Collections 52

Billah and Associates

JANUARY 8, 2019

Tax audit for businesses A corporate tax audit is an efficient and effective mode of scrutiny, especially when done by a primary corporate tax accountant. The process of Corporate Tax Audit – an Overview The process of preparation for corporate tax audit begins when you prepare the T2 or other returns.

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Corporation Tax Auditing Tax Financial Statements 52

Counto

MARCH 9, 2025

Failing to Register with ACRA In Singapore, businesses must be registered with the Accounting and Corporate Regulatory Authority (ACRA). Overlooking Tax Obligations and Financial Management Another common mistake is failing to prioritise tax obligations and sound financial management.

Corporation Tax 52

Corporation Tax Financial Records Tax Budgeting 52

Counto

JANUARY 13, 2025

To fully benefit from these incentives and ensure your financial records remain accurate, it is crucial to record charity donations in your bookkeeping system properly. Here’s how you can ensure compliance with tax regulations and maximise your charitable giving: 1. Tired of surprise fees from accounting services?

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Bookkeeping Financial Statements Tax Record Keeping 52