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. Service Charge Considerations Many restaurants add a service charge (typically 10% ) to their bills.

Record Keeping 52

Record Keeping Billing Invoicing Tax 52

Counto

NOVEMBER 2, 2024

Categorise Your Invoices : Use folders or tags to organise invoices by client, date, or payment status (paid/unpaid) to facilitate easier tracking and retrieval during audits. Understanding compliance is crucial to avoid penalties during audits.

Invoicing 52

Invoicing Invoice Processing Accounts Receivable Account Receivables 52

Counto

JANUARY 13, 2025

Transactions, from fund transfers to bill payments, can be completed online without visiting a branch. Additionally, many digital platforms undergo regular audits to ensure compliance with industry standards, which can help businesses feel confident in their digital banking solutions.

Accounting 52

Accounting Accounting Accounting Software Tax 52

Counto

SEPTEMBER 27, 2024

Effective strategies can help you lower your utility bills and enhance overall financial sustainability. Conduct an Energy Audit 2.1 Example: A manufacturing SME in Singapore utilised energy audit data to shift its operations to off-peak hours, achieving a 10% reduction in overall energy consumption.

Billing 52

Billing Auditing Corporation Tax Bookkeeping 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. Zero-Rated Supplies: Transactions such as exports are zero-rated at 0%.

Bookkeeping 52

Bookkeeping Accounting Software Corporation Tax Tax 52

IMA's Count Me

MARCH 10, 2021

They're no longer paying for what you slide across the desk at them every year on an annual basis, coupled with their bill that you slide across, that's just different, it's changed now. They helped with their personal taxes and their corporate taxes. Where do you currently have a skill gap and do that self audit.

Accounting 40

Accounting Accounting Auditing Corporation Tax 40