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How Cloud Technology Is Transforming Accounting Services for SMEs in Singapore

Counto

This shift is transforming how businesses handle their financial operations offering greater flexibility, real-time access, and improved accuracy. Real-Time Access to Financial Data Traditional accounting often involves manual data entry and delayed access to financial information. Cloud systems help ensure compliance.

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Understanding Singapore’s Tax Requirements for F&B Businesses

Counto

Example : A café upgrading its kitchen equipment can benefit from accelerated depreciation, lowering its taxable income and reducing its corporate tax liability. Financial Statements : F&B businesses are required to prepare financial statements in accordance with Singapore Financial Reporting Standards (SFRS).

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