Counto

NOVEMBER 7, 2024

Streamline tax filings and avoid penalties. Key Financial Statements You Should Know: There are three primary financial statements you should focus on: Income Statement : Shows your business’s profitability over a specific period.

Financial Statements 40

Financial Statements Accounting Accounting Payroll 40

Counto

JANUARY 9, 2025

These returns provide the IRAS with details of the GST you have collected and paid, and they ensure that you remain compliant with Singapores tax laws. Keep Accurate Records : Its essential to maintain accurate records of all GST -related transactions, including receipts, invoices, and financial statements.

Collections 52

Collections Tax Corporation Tax Financial Statements 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

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.

Tax 40

Tax Financial Statements Financial Reporting Record Keeping 40

Counto

SEPTEMBER 12, 2024

Efficient Collections: Implement procedures for managing collections to expedite payments and reduce outstanding debts. Example: If clients delay payments, consider offering flexible payment options or sending reminders to accelerate collections and improve cash flow. Analyse Financial Reports Regularly 4.1

Deposits 52

Deposits Budgeting Accounting Accounting 52

Billah and Associates

MARCH 18, 2018

Professional help for corporate tax services can streamline your payroll process, manage payroll taxes, and ensure your business compliance needs are met, and taxes are paid consistently. Hiring independent staff is not the best solution always because maintaining separate resources can require a lot of investment.

Payroll 52

Payroll Accounting Accounting Bookkeeping 52