Counto

MARCH 23, 2025

What Are the Different Types of Accounting Services for SMEs in Singapore? Staying financially organised and compliant with local regulations is critical, and thats where professional accounting services can make all the difference. Its a core component of professional accounting services. Your competitors aren’t.

Bank Reconciliation 52

Bank Reconciliation Financial Reporting Accounting Accounting 52

Billah and Associates

AUGUST 15, 2022

To record business income, self-employed people must complete the T-2125 form and their regular T1 individual income tax return. You can get assistance from the small business tax preparation service for filing your tax. Numerous apps from tax preparation services in Toronto can be of great help.

Corporation Tax 52

Corporation Tax Tax Financial Statements Small Business Accounting 52

Counto

JANUARY 11, 2024

Guide to Filing Financial Statements for Business Owners in Singapore Filing financial statements is a crucial annual requirement for businesses in Singapore. What Do Company Financial Statements Comprise? What Types of Businesses Are Exempt from Filing Financial Statements?

Financial Statements 52

Financial Statements AR Corporation Tax Financial Reporting 52

Counto

MARCH 6, 2025

b) Meeting Due Diligence Requirements Investors will scrutinise your financial records, legal compliance, and operations. Maintaining organised financial statements and a sound company structure can streamline the fundraising process. Tax Compliance Adhering to corporate tax regulations is crucial for securing funding.

Financial Statements 52

Financial Statements Corporation Tax Bookkeeping Financial Records 52

Counto

MAY 29, 2023

Corporate Taxes: Key Dates and Exemptions to Be Aware Of Navigating tax season can be daunting for many business owners, but understanding the ins and outs of filing taxes is essential for operating a successful business in Singapore.

Corporation Tax 52

Corporation Tax Tax Bookkeeping Services Financial Statements 52

Counto

JANUARY 9, 2025

GST Registration for Small Businesses As a small business owner in Singapore, understanding when and how to register for GST is key to managing your tax obligations and staying compliant with the law. Let Counto’s tax specialists handle Singapore’s tax complexities for you. Explore our plans here.

Collections 52

Collections Tax Corporation Tax Financial Statements 52

SMB Accounting and Consulting

MARCH 8, 2023

One type of accounting that is well-known is tax accounting. According to Investopedia, tax accounting is “a structure of accounting methods focused on taxes rather than the appearance of public financial statements”. Tax accounting applies to individuals, businesses, and corporations.

Tax 52

Tax Accounting Accounting Corporation Tax 52

Counto

SEPTEMBER 12, 2024

How Business Support Services Can Improve Your Accounting Operations in Singapore? Managing accounting operations can be challenging for small business owners in Singapore. Here’s how leveraging these services can enhance your accounting operations: 1. Streamlined Processes 1.1 Streamlined Processes 1.1

Budgeting 52

Budgeting Corporation Tax Financial Analysis Budgeting Manager 52

Counto

NOVEMBER 12, 2024

Accounting Software Simplifies budgeting, expense tracking, and financial reporting. Ensures compliance with Singapore’s tax regulations and provides insights into financial performance. Navigate tax season with confidence: Our tailored, all-in-one accounting plans optimise your finances year-round.

Budgeting 40

Budgeting Tax Corporation Tax Financial Statements 40

Counto

DECEMBER 13, 2024

Opening a Corporate Bank Account Once your company is registered in Singapore , youll need a corporate bank account for business transactions. This ensures financial transparency and separates personal and business finances. Filing Requirements: Financial statements must be submitted annually to IRAS and ACRA.

Financial Statements 52

Financial Statements Corporation Tax Tax Auditing 52

Counto

FEBRUARY 8, 2024

Private companies can skip AGMs if they send financial statements to shareholders within five months after FYE, unless shareholders request an AGM within 14 days before the end of the sixth month after FYE. Try Counto accounting service Counto exists to help small businesses like you save time and money throughout the year.

Tax 52

Tax Financial Statements Corporation Tax Financial Reporting 52

Counto

MARCH 19, 2024

During the AGM, financial statements, which should be no more than 6 months old, are presented to shareholders. Private companies may be exempt from AGMs if financial statements are sent to shareholders within 5 months after the financial year-end, unless requested otherwise by shareholders.

Corporation Tax 52

Corporation Tax Financial Statements Tax Accounts Payable 52

Counto

SEPTEMBER 7, 2024

An audit is an independent examination of a company’s financial statements by a licensed auditor. The purpose is to ensure that the financial statements accurately reflect the company’s financial position and comply with the Singapore Financial Reporting Standards (SFRS) and the Companies Act.

Auditing 52

Auditing Financial Statements Tax Budgeting 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

MARCH 23, 2024

At Counto, we’re committed to simplifying complex concepts like the Singapore Financial Reporting Standards (SFRS) to empower your business. Evolution of Global Accounting Standards Globalisation spurred the need for uniform accounting standards. Nature of Business: Complexity of transactions and business model.

Financial Reporting 52

Financial Reporting Accruals Financial Statements 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.

Tax 52

Tax Financial Statements Reconciling Record Keeping 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. See options here.

Tax 52

Tax Corporation Tax Financial Statements Financial Records 52

Accounting Tools

OCTOBER 4, 2023

Related Courses C Corporation Tax Guide Types of Business Entities What is a Parent Company? Parent Company Financial Statements The general purpose financial statements of the parent company are considered to be those that include the consolidated results and financial positions of its subsidiaries.

Financial Statements 40

Financial Statements Corporation Tax Tax Accounting 40

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.

Deposits 52

Deposits Budgeting Accounting Accounting 52

Counto

FEBRUARY 7, 2024

With these foundational elements in place, you may proceed to register your business with the Accounting and Corporate Regulatory Authority (ACRA) on BizFile , obtaining a Unique Entity Number (UEN), and setting up a Corppass account for government services access.

Corporation Tax 52

Corporation Tax Payroll Financial Statements Accounts Payable 52

Counto

FEBRUARY 13, 2024

Annual Filings : Fulfilling corporate secretary requirements and providing management reports, such as balance sheets and profit and loss statements. 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.

Financial Statements 52

Financial Statements Corporation Tax Financial Records Tax 52

Remote Quality Bookkeeping

APRIL 3, 2023

IRS Announced Tax Bracket Changes In October, the IRS announced Revenue Procedure 2022-38, which adjusted inflation to over 60 tax provisions [1]. The most notable changes involve the income thresholds for individual and married couple tax brackets as well as some changes to corporate tax payments.

Tax 52

Tax Corporation Tax Bookkeeping Financial Statements 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.

Accounting 52

Accounting Accounting AP Budgeting 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.

Tax 40

Tax Financial Statements Financial Reporting Record Keeping 40

Counto

SEPTEMBER 28, 2024

Depreciation vs. Capital Allowances: Depreciation: Recorded in financial statements but is not tax-deductible in Singapore. Capital Allowances: Essential for achieving tax deductions. Navigate tax season with confidence: Our tailored, all-in-one accounting plans optimise your finances year-round.

Tax 52

Tax Corporation Tax Financial Statements Computation 52

Accounting Tools

OCTOBER 6, 2023

Related Courses Business Strategy C Corporation Tax Guide Types of Business Entities What is a Conglomerate? The financial results of the subsidiaries are consolidated into a single set of financial statements for the entire entity.

Corporation Tax 40

Corporation Tax Financial Statements Tax 40

Counto

MARCH 13, 2024

Tax Benefits and Incentives Singapore offers attractive tax incentives for local companies, and private limited companies are no exception. With a flat corporate tax rate of 17% on chargeable income, Pte Ltd businesses enjoy a favourable tax environment.

Corporation Tax 52

Corporation Tax Financial Statements Tax Accounting 52

Counto

DECEMBER 13, 2024

One of the most powerful tools in understanding and improving cash flow is the cash flow statement. 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.

Invoicing 52

Invoicing Billing Financial Reporting Accounting Software 52

Accounting Tools

OCTOBER 14, 2023

Related Courses C Corporation Tax Guide Types of Business Entities What is a Shareholder? A shareholder is an individual or entity that owns the shares of a corporation.

Corporation Tax 40

Corporation Tax Financial Statements Tax 40

Counto

OCTOBER 4, 2024

Tired of surprise fees from accounting services? From multicurrency accounting to tax filing, Counto handles it all—with unlimited transactions. Prepare Your Pitch: Tailor your pitch to resonate with the interests of your target investors, presenting clear financial statements and forecasts.

Corporation Tax 52

Corporation Tax Tax Financial Statements Bookkeeping 52

Counto

NOVEMBER 13, 2024

Ensure Your Company Is Incorporated : You must be a legally registered business with the correct financial standing to apply for grants. Prepare Required Documents : Have your business registration, financial statements, and relevant operational plans ready. Discover how we can streamline your taxes and accounting today.

Payroll 40

Payroll Corporation Tax Financial Statements Tax 40

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.

Corporation Tax 52

Corporation Tax Auditing Tax Financial Statements 52

Billah and Associates

MARCH 22, 2018

For corporate income tax returns the filing requires the production of financial statements based on information that you will be required to provide to us so we will start by providing a detailed checklist outlining all of the documents that you will need to submit to us.

Corporation Tax 40

Corporation Tax Tax Financial Statements Payroll 40

Billah and Associates

JANUARY 27, 2021

Corporate tax deadlines are a little different than personal tax deadlines. For tax purposes, corporations can have year-ends that are not December 31st. Corporate tax return filings are due 6 months after the year-end For eg, a December 31, 2022 year-end would have a June 30, 2023, due date.

Tax 52

Tax Corporation Tax Financial Statements Bookkeeping 52

Billah and Associates

MARCH 18, 2018

Accounting services like tax planning, bookkeeping, payroll, and others can steal most of your productive time. Here’s how a professional accounting service firm can help. Let’s look at 5 top benefits your business gets when you hire an accounting service provider in Mississauga.

Payroll 52

Payroll Accounting Accounting Bookkeeping 52

Billah and Associates

SEPTEMBER 10, 2018

As a first-time entrepreneur, starting a small business enterprise in Canada has its fair share of financial challenges which include controlling business costs, hiring employees, and generating sales invoices. For a small business owner in Canada, employing an accountant or a professional accounting service firm may seem to be a luxury.

Small Business Accounting 52

Small Business Accounting Accounting Accounting Corporation Tax 52

Counto

JANUARY 13, 2025

Here’s how you can ensure compliance with tax regulations and maximise your charitable giving: 1. Establish a Dedicated Account for Charity Donations Create a specific account or category for charity donations in your accounting system, such as “Charitable Contributions” or “CSR Expenses.”

Bookkeeping 52

Bookkeeping Financial Statements Tax Record Keeping 52