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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Financial Statements Accounting Accounting Payroll 40

Counto

JANUARY 7, 2025

Revisions to the Personal Data Protection Act (PDPA) in Singapore are expected in 2025, including stricter guidelines on the collection, storage, and use of customer data. Increased transparency requirements for data collection and processing. What to Expect: Possible changes to existing tax incentives.

Corporation Tax 52

Corporation Tax Payroll Financial Reporting Collections 52

Counto

SEPTEMBER 12, 2024

Gain Insight: Choose software that provides detailed tracking of income, expenses, and overall financial performance to maintain a clear view of your business’s financial health. This practice simplifies financial management and prevents confusion. Analyse Financial Reports Regularly 4.1

Deposits 52

Deposits Budgeting Accounting Accounting 52

Counto

NOVEMBER 7, 2024

Your business collects GST on sales and can claim back input tax on business-related purchases, reducing the GST payable. Example : A café upgrading its kitchen equipment can benefit from accelerated depreciation, lowering its taxable income and reducing its corporate tax liability.

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Tax Financial Statements Financial Reporting Record Keeping 40

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