Counto

MARCH 6, 2025

b) Meeting Due Diligence Requirements Investors will scrutinise your financial records, legal compliance, and operations. Maintaining organised financial statements and a sound company structure can streamline the fundraising process. Tax Compliance Adhering to corporate tax regulations is crucial for securing funding.

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Counto

NOVEMBER 10, 2024

Our expert accountants deliver comprehensive services—from bookkeeping to tax filing—at transparent rates. Ensure tax compliance : A financial professional can help you navigate Singapore’s GST regulations and other tax obligations. At Counto, we prioritise your bottom line.

Budgeting 40

Budgeting Payroll Tax Corporation Tax 40

Counto

JANUARY 21, 2025

Tax Deadlines in Singapore for 2025: Every Small Business Should Know As a small business owner in Singapore, managing your taxes may feel like a challenge. However, keeping up with tax deadlines doesnt need to be stressful. Lets break down the key tax deadlines for 2025 and share practical tips to help you stay on track.

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Tax Corporation Tax Financial Statements Financial Records 52

Counto

OCTOBER 3, 2024

Working loans can provide essential financial support to navigate operational challenges and optimize tax obligations. Here are some strategies for leveraging working loans effectively while considering corporate tax implications. Discover how we can streamline your taxes and accounting today.

Corporation Tax 52

Corporation Tax Tax Financial Statements Financial Records 52

Counto

MARCH 19, 2024

Here’s a comprehensive guide to annual return filing and record-keeping for sole proprietors: Personal Income Tax Filing In Singapore, a sole proprietorship isn’t a separate legal entity. Tax Deadlines Resident sole proprietors generally need to file their personal income tax returns by April 15th each year.

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Record Keeping Financial Records Accruals Corporation Tax 52

Counto

MARCH 23, 2025

One Platform for All: Simplifying Accounting, Tax & Secretarial Tasks for SMEs in Singapore Running an SME in Singapore means constantly balancing multiple rolesfrom managing daily operations to navigating regulatory requirements. Simplified Tax Compliance Tax compliance is essential for every Singapore SME, but it can be complex.

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Counto

NOVEMBER 7, 2024

Understanding Singapore’s Tax Requirements for F&B Businesses Running a food and beverage (F&B) business in Singapore presents unique opportunities and challenges, especially when it comes to understanding Singapore’s tax requirements. Example : A restaurant with annual turnover of S$1.5

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Counto

JUNE 13, 2023

5 Potential Reasons Your Tax Return May Be Flagged By IRAS Filing your business tax return requires careful attention to the tax laws and regulations established by IRAS. Inaccurate Income Reporting One of the primary reasons for a business tax return to be flagged by IRAS is inaccurate income reporting.

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Counto

JANUARY 7, 2025

Changes to Corporate Tax Rates Adjustments to corporate tax rates may be introduced in 2025 as part of government measures to promote economic growth and address fiscal needs. What to Expect: Possible changes to existing tax incentives. New guidelines for tax credits and rebates.

Corporation Tax 52

Corporation Tax Payroll Financial Reporting Collections 52

Counto

OCTOBER 3, 2024

Prioritise Compliance and Record-Keeping Proper record-keeping is fundamental for meeting regulatory requirements and preparing for audits. Maintain Detailed Financial Records Every transaction, whether a sale or an expense, should be accurately documented. Optimise your e-commerce finances today.

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Record Keeping Accounting Accounting Auditing 52

Counto

SEPTEMBER 20, 2024

Even smaller businesses can opt for voluntary registration to benefit from input tax credits. 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. Explore our plans here.

Bookkeeping 52

Bookkeeping Accounting Software Corporation Tax Tax 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. Tired of surprise fees from accounting services?

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Deposits Budgeting Accounting Accounting 52

Counto

OCTOBER 8, 2024

The insights gained from financial analysis allowed them to allocate resources effectively, leading to a successful launch. From multicurrency accounting to tax filing, Counto handles it all—with unlimited transactions. Automated Processes: We simplify compliance by automating tax management and ensuring timely submissions.

Financial Reporting 52

Financial Reporting Tax Payroll Corporation Tax 52

Counto

SEPTEMBER 17, 2024

Each refund is recorded with details about the original purchase and the reason for return, ensuring accurate financial records and inventory updates. Counto’s all-inclusive accounting plans for online sellers feature multicurrency support, unlimited transactions, GST submissions, and tax filing—with no hidden fees.

Accounting 52

Accounting Accounting Record Keeping Corporation Tax 52

Counto

JANUARY 8, 2024

Pte Ltd: Private Limited Companies face more stringent compliance requirements, such as maintaining proper financial records, filing annual returns, and holding annual general meetings. Taxation Sole Proprietorship: Sole proprietors are taxed at their personal income tax rates, based on the business’s profits.

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Corporation Tax Tax Financial Records Accounting 52

Counto

NOVEMBER 27, 2024

Our expert team streamlines your business journey, from company incorporation to tax filing. This includes registering for Goods and Services Tax (GST) if your business turnover exceeds a certain threshold. Key tax considerations: GST Registration: Required if your business turnover exceeds S$1 million annually.

Corporation Tax 40

Corporation Tax Tax Financial Records Bookkeeping 40

Counto

SEPTEMBER 7, 2024

Our expert accountants deliver comprehensive services—from bookkeeping to tax filing—at transparent rates. Fieldwork: The auditor reviews your financial records, such as invoices and bank statements, and interviews key personnel. Review and Testing: The auditor tests your financial data for inconsistencies or errors.

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Auditing Financial Statements Tax Budgeting 52

Counto

FEBRUARY 13, 2024

Appointment of company secretary Engagement of an auditor Maintenance of a registered office Maintenance of company registers and financial records. Annual Filings : Fulfilling corporate secretary requirements and providing management reports, such as balance sheets and profit and loss statements.

Financial Statements 52

Financial Statements Corporation Tax Financial Records Tax 52

AvidXchange

MARCH 22, 2024

These include: • Month- and year-end closes • Audit and tax season • Budgeting season • Holidays and personal time off (PTO) During these periods, time management tips for accounting and finance professionals are especially important. And topic number two is tax and audit season. These asks can be disruptive to the daily workflow.

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Accounting Accounting AP Budgeting 52

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

Billah and Associates

JANUARY 8, 2019

Tax audit for businesses A corporate tax audit is an efficient and effective mode of scrutiny, especially when done by a primary corporate tax accountant. The process of Corporate Tax Audit – an Overview The process of preparation for corporate tax audit begins when you prepare the T2 or other returns.

Corporation Tax 52

Corporation Tax Auditing Tax Financial Statements 52

Counto

MARCH 9, 2025

Choosing the Wrong Business Structure Your choice of business structure impacts your personal liability, tax obligations, and operational flexibility. Overlooking Tax Obligations and Financial Management Another common mistake is failing to prioritise tax obligations and sound financial management.

Corporation Tax 52

Corporation Tax Financial Records Tax Budgeting 52

Counto

JANUARY 13, 2025

Beyond the social good, charitable donations can also provide significant financial benefits. Under Singapore’s tax laws, businesses can claim a tax deduction of up to 2.5 Here’s how you can ensure compliance with tax regulations and maximise your charitable giving: 1.

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Bookkeeping Financial Statements Tax Record Keeping 52