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Get set up for the new tax year with Xero Payroll

Xero

Double-check payroll reportings Review key reports like the P32, P11s, Gross to Net, and Account Transactions to ensure your posted pay runs are reconciled. If you’re in the construction industry, don’t forget to review and reconcile your Construction Industry Scheme (CIS) Suffered report for the tax year.

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Get set up for the new tax year with Xero Payroll

Xero

Continue your regular routine of reconciling your posted pay runs by scanning through Account Transactions, Gross to Net, P32 and P11 reports. By taking some time to reconcile these reports, you’ll pick up on any irregularities in accounts or employee final payment amounts, saving you rework later in this process.

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How Accounting Services Simplify Estimated Chargeable Income (ECI) Filing

Counto

Why ECI Filing Matters Filing ECI allows IRAS to assess your corporate tax early and may result in early instalment plans for tax payments. Cash Flow Planning for Tax Payments Filing ECI early can unlock instalment payment plans for corporate tax, easing cash flow pressures.

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Common Mistakes SMEs Make When Analysing Financial Statements and How to Fix Them

Counto

Not Reconciling Accounts Payable and Receivable Why This Happens: In the rush of running a business, SMEs in Singapore often overlook regular reconciliation, leading to discrepancies that can affect cash flow. Solution: Regularly reconcile your accounts payable and receivable to avoid surprises and maintain accurate financial reports.

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How Much Do Accounting Services Cost in Singapore? A Guide for SMEs

Counto

Bookkeeping Typically charged monthly or quarterly, bookkeeping services involve recording daily transactions, reconciling bank statements, and maintaining ledgers. Costs vary based on transaction volume and complexity.

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Filing Corporate Income Tax

Billah and Associates

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.

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Filing Requirements for Sole Proprietors: All You Need to Know

Counto

Organised Records: Use accounting software, maintain a filing system for physical documents, and regularly reconcile bank statements. Experience the Counto advantage Counto is the trusted provider of accounting, tax preparation and CFO services for startups and SMEs.