Xero

MARCH 25, 2025

With another tax year almost wrapped up, are you ready to tackle year-end payroll? Finalising your 2024/2025 tax year Wrap up outstanding items Before processing your last pay run for the 2024/25 tax year, approve any outstanding leave requests, timesheets and overtime to ensure your employees’ final pay is accurate.

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Xero

MARCH 16, 2023

That’s why we have prepared some resources to guide you through a frictionless payroll year end, and be ready for the start of the 2023/24 tax year. Preparing your final pay run Before you reach your final pay run for this tax year, there are a few important tasks needed to get you there.

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Counto

MARCH 24, 2025

Filing your ECI accurately and on time is a key compliance requirement set by IRAS and getting it wrong can lead to unnecessary penalties or tax issues. Why ECI Filing Matters Filing ECI allows IRAS to assess your corporate tax early and may result in early instalment plans for tax payments.

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Counto

DECEMBER 7, 2024

Only Checking Financial Statements Annually Why This Happens: Many SMEs in Singapore only review financial statements once a year, often because they feel its only necessary during tax season or after a year has passed. Example: John, a bakery owner in Singapore, only looks at his financials when his accountant sends them for tax season.

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Counto

MARCH 23, 2025

Bookkeeping Typically charged monthly or quarterly, bookkeeping services involve recording daily transactions, reconciling bank statements, and maintaining ledgers. Per-Service Pricing For businesses with specific needs, such as annual tax filing or occasional payroll support, providers may charge per task.

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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.

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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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