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.

Financial Statements 52

Financial Statements Corporation Tax Bookkeeping Financial Records 52

Counto

JANUARY 11, 2024

Guide to Filing Financial Statements for Business Owners in Singapore Filing financial statements is a crucial annual requirement for businesses in Singapore. What Do Company Financial Statements Comprise? What Types of Businesses Are Exempt from Filing Financial Statements?

Financial Statements 52

Financial Statements AR Corporation Tax Financial Reporting 52

Counto

MARCH 24, 2025

Why Accounting Services Matter for SMEs Even at early stages, businesses must handle: Bookkeeping and expense tracking GST submissions (if registered) Corporate tax filings with IRAS Payroll and CPF contributions ACRA annual returns Getting these right helps avoid penalties, cash flow issues, and compliance risks and sets the foundation for growth.

Accounting 52

Accounting Accounting Payroll Bookkeeping 52

Counto

MARCH 23, 2025

Staying financially organised and compliant with local regulations is critical, and thats where professional accounting services can make all the difference. From daily bookkeeping to tax filings and financial reporting, these services help SMEs like yours maintain control, make smarter decisions, and grow with confidence.

Bank Reconciliation 52

Bank Reconciliation Financial Reporting Accounting Accounting 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

JANUARY 9, 2025

GST Registration for Small Businesses As a small business owner in Singapore, understanding when and how to register for GST is key to managing your tax obligations and staying compliant with the law. For small businesses, understanding GST registration is vital for managing your financial obligations and potentially gaining tax advantages.

Collections 52

Collections Tax Corporation Tax Financial Statements 52

SMB Accounting and Consulting

MARCH 8, 2023

One type of accounting that is well-known is tax accounting. 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

Counto

NOVEMBER 12, 2024

Accounting Software Simplifies budgeting, expense tracking, and financial reporting. Ensures compliance with Singapore’s tax regulations and provides insights into financial performance. Tax Efficiency Understand the tax implications of scaling. Discover how we can streamline your taxes and accounting today.

Budgeting 40

Budgeting Tax Corporation Tax Financial Statements 40

Counto

FEBRUARY 8, 2024

Mark Your Calendar: 2024 Tax Deadlines for Singapore Businesses As we step into 2024, it’s good practice to mark your calendar for the year’s compliance deadlines. Preparing Financial Statements: All companies must compile financial statements within 6 months after FYE, adhering to Singapore Financial Reporting Standards (SFRS).

Tax 52

Tax Financial Statements Corporation Tax Financial Reporting 52

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.

Tax 52

Tax Financial Statements Reconciling Record Keeping 52

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.

Tax 52

Tax Corporation Tax Financial Statements Financial Records 52

Counto

DECEMBER 13, 2024

Example : A newly registered private limited company opens a corporate bank account by submitting the required documents, such as its business profile and shareholder details. Registering for Goods and Services Tax (GST) If your companys annual revenue exceeds S$1 million , registering for GST is a mandatory post-incorporation requirement.

Financial Statements 52

Financial Statements Corporation Tax Tax Auditing 52

Remote Quality Bookkeeping

APRIL 3, 2023

Although many of the tax breaks that the government established at the beginning of the COVID-19 pandemic have expired by now, the IRS has been looking for ways they can help relieve some of the financial stress Americans face. Are you aware of these recent IRS changes and how they may affect the amount of taxes you pay in 2023?

Tax 52

Tax Corporation Tax Bookkeeping Financial Statements 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

Filing Requirements for Private Limited Companies: All You Need to Know As a Singapore business owner, it is important to understand filing requirements for private limited companies to ensure tax compliance. During the AGM, financial statements, which should be no more than 6 months old, are presented to shareholders.

Corporation Tax 52

Corporation Tax Financial Statements Tax Accounts Payable 52

Counto

SEPTEMBER 28, 2024

Tax Implications for Fixed Assets in SMEs in Singapore: Preparation Strategies As a small business owner in Singapore, understanding the tax implications for fixed assets is crucial for efficient financial management. Capital Allowances: Depreciation: Recorded in financial statements but is not tax-deductible in Singapore.

Tax 52

Tax Corporation Tax Financial Statements Computation 52

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

Tax 40

Tax Financial Statements Financial Reporting Record Keeping 40

Counto

SEPTEMBER 12, 2024

Financial Reporting: Experts prepare accurate financial reports, providing you with the insights needed for informed decision-making. Tax Compliance: Specialists handle tax filings and compliance, reducing the risk of errors and ensuring adherence to regulations. Expert Financial Insights 3.1

Budgeting 52

Budgeting Corporation Tax Financial Analysis Budgeting Manager 52

Counto

SEPTEMBER 7, 2024

An audit is an independent examination of a company’s financial statements by a licensed auditor. The purpose is to ensure that the financial statements accurately reflect the company’s financial position and comply with the Singapore Financial Reporting Standards (SFRS) and the Companies Act.

Auditing 52

Auditing Financial Statements Tax Budgeting 52

Counto

MARCH 23, 2024

Comparability: By standardising accounting language and practices, SFRS ensures that financial statements from different companies can be easily compared. This allows stakeholders to better understand and analyse financial data for decision-making.

Financial Reporting 52

Financial Reporting Accruals Financial Statements Corporation Tax 52

Counto

FEBRUARY 7, 2024

From incorporating your entity to managing taxes and annual returns, this comprehensive guide sheds light on the essential steps to ensure compliance and success in your inaugural year. Months 7-12: Taxes and Annual Returns Towards the end of the first year, focus shifts to corporate tax considerations and annual return filings.

Corporation Tax 52

Corporation Tax Payroll Financial Statements Accounts Payable 52

Accounting Tools

OCTOBER 4, 2023

Related Courses C Corporation Tax Guide Types of Business Entities What is a Parent Company? Parent Company Financial Statements The general purpose financial statements of the parent company are considered to be those that include the consolidated results and financial positions of its subsidiaries.

Financial Statements 40

Financial Statements Corporation Tax Tax Accounting 40

Counto

FEBRUARY 13, 2024

Filing Obligations for Dormant Companies Despite dormancy, companies are required to fulfil certain reporting obligations , including: Tax Return : Even in the absence of income, a dormant company is required to submit its Corporate Income Tax Return (Form C-S/ Form C-S (Lite)/ Form C) to IRAS by November 30 each year, unless exempted.

Financial Statements 52

Financial Statements Corporation Tax Financial Records Tax 52

Counto

MARCH 13, 2024

Tax Benefits and Incentives Singapore offers attractive tax incentives for local companies, and private limited companies are no exception. With a flat corporate tax rate of 17% on chargeable income, Pte Ltd businesses enjoy a favourable tax environment.

Corporation Tax 52

Corporation Tax Financial Statements Tax Accounting 52

Accounting Tools

OCTOBER 6, 2023

Related Courses Business Strategy C Corporation Tax Guide Types of Business Entities What is a Conglomerate? The financial results of the subsidiaries are consolidated into a single set of financial statements for the entire entity.

Corporation Tax 40

Corporation Tax Financial Statements Tax 40

Counto

SEPTEMBER 12, 2024

Manage No-Shows: Deposits help reduce financial losses from cancellations or no-shows. From multicurrency accounting to tax filing, Counto handles it all—with unlimited transactions. Analyse Financial Reports Regularly 4.1 Robust financial management will help your salon or spa thrive and achieve its business goals.

Deposits 52

Deposits Budgeting Accounting Accounting 52

Accounting Tools

OCTOBER 14, 2023

Related Courses C Corporation Tax Guide Types of Business Entities What is a Shareholder? A shareholder is an individual or entity that owns the shares of a corporation.

Corporation Tax 40

Corporation Tax Financial Statements Tax 40

Counto

DECEMBER 13, 2024

Mastering Cash Flow Statements: What Every SME in Singapore Needs to Know For small and medium-sized enterprises (SMEs) in Singapore, mastering cash flow statements is crucial for sustaining growth, ensuring operational efficiency, and navigating the complexities of a competitive market. At Counto, we prioritise your bottom line.

Invoicing 52

Invoicing Billing Financial Reporting Accounting Software 52

Counto

OCTOBER 4, 2024

From multicurrency accounting to tax filing, Counto handles it all—with unlimited transactions. Prepare Your Pitch: Tailor your pitch to resonate with the interests of your target investors, presenting clear financial statements and forecasts. Tired of surprise fees from accounting services?

Corporation Tax 52

Corporation Tax Tax Financial Statements Bookkeeping 52

Counto

NOVEMBER 13, 2024

Ensure Your Company Is Incorporated : You must be a legally registered business with the correct financial standing to apply for grants. Prepare Required Documents : Have your business registration, financial statements, and relevant operational plans ready. Discover how we can streamline your taxes and accounting today.

Payroll 40

Payroll Corporation Tax Financial Statements Tax 40

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. Invoices were coming in manually. They were circulated for approval either by e-mail or paper folders.

Accounting 52

Accounting Accounting AP Budgeting 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

Billah and Associates

JANUARY 27, 2021

Corporate tax deadlines are a little different than personal tax deadlines. For tax purposes, corporations can have year-ends that are not December 31st. Corporate tax return filings are due 6 months after the year-end For eg, a December 31, 2022 year-end would have a June 30, 2023, due date.

Tax 52

Tax Corporation Tax Financial Statements Bookkeeping 52

Billah and Associates

MARCH 22, 2018

For corporate income tax returns the filing requires the production of financial statements based on information that you will be required to provide to us so we will start by providing a detailed checklist outlining all of the documents that you will need to submit to us. Please contact accountingmississauga.ca

Corporation Tax 40

Corporation Tax Tax Financial Statements Payroll 40

Billah and Associates

MARCH 18, 2018

Accounting services like tax planning, bookkeeping, payroll, and others can steal most of your productive time. Saves Tax Planning Headaches Tax planning is an exhaustive process that needs a sound financial plan, knowledge of stocks, dividends, interest, bonds, capital gains, mutual funds, investments, life insurance, and more.

Payroll 52

Payroll Accounting Accounting Bookkeeping 52

Billah and Associates

SEPTEMBER 10, 2018

Moreover, as your business grows, tasks such as managing business transactions, financial audits, and tax payments can get increasingly complex and can lead to legal penalties for poor compliance. Generating financial statements on a regular basis for you to understand and keep track of your company finances.

Small Business Accounting 52

Small Business Accounting Accounting Accounting Corporation Tax 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.

Bookkeeping 52

Bookkeeping Financial Statements Tax Record Keeping 52