Counto

DECEMBER 16, 2024

Understanding Internal vs. External Audits: A Guide for SME Owners in Singapore Audits are critical tools for evaluating a companys financial health and operational efficiency. While both audits provide valuable insights, they differ in their objectives, scope, and who performs them. What is an Internal Audit?

Auditing 52

Auditing Financial Statements Financial Reporting Financial Records 52

Counto

MARCH 23, 2025

Bookkeeping Typically charged monthly or quarterly, bookkeeping services involve recording daily transactions, reconciling bank statements, and maintaining ledgers. Regulatory Requirements Some businesses, especially those near audit thresholds, need additional financial statements or management reports, which can also affect pricing.

Bookkeeping 52

Bookkeeping Accounting Accounting Payroll 52

Counto

SEPTEMBER 7, 2024

Understanding Audit Requirements for Private Limited Companies in Singapore As a private limited company in Singapore, understanding audit requirements is crucial for maintaining financial transparency and compliance. What is an Audit? Purpose: Verify that the financial statements present a true and fair view.

Auditing 52

Auditing Financial Statements Tax Budgeting 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

Keep Accurate Records : Its essential to maintain accurate records of all GST -related transactions, including receipts, invoices, and financial statements. These records are necessary for your GST returns and will be required in case of an audit.

Collections 52

Collections Tax Corporation Tax Financial Statements 52

Counto

DECEMBER 13, 2024

Preparing Financial Statements Financial statements provide a clear picture of your companys financial health. These must comply with the Singapore Financial Reporting Standards (SFRS) and are a critical part of tax and compliance filings. Larger companies may require audits.

Corporation Tax 52

Corporation Tax Financial Statements Tax Auditing 52

SMB Accounting and Consulting

MARCH 8, 2023

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