Sat.Feb 24, 2024

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Beyond Bonus Depreciation: Can I Use Section 179 for Fixed Asset Expensing?

CSI Accounting & Payroll

With tax time approaching, most small business owners want to legally minimize what they might owe on their taxes. There are lots of tax strategies that can help with this, but purchasing much-needed new equipment is one of our favorites! If you do this, what is the best method to deduct the equipment? Many people seek out the Section 179 deduction, but does it apply to you?

Payroll 52
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Understanding IRAS: A Guide for SMEs and Business Owners

Counto

Understanding IRAS: A Guide for SMEs and Business Owners The Inland Revenue Authority of Singapore (IRAS) stands as the country’s foremost agency responsible for tax administration. Its origins trace back to the establishment of the Singapore Income Tax Department in 1947, with the actual assessment of taxes commencing in November 1948. Over time, it evolved into the Inland Revenue Department (IRD) in 1960, culminating in the formation of IRAS in 1992.

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Counto’s Participation in the “Seamless Filing From Software’ Fair” by IRAS

Counto

Counto’s Participation in the “Seamless Filing From Software” Fair by IRAS Counto is thrilled to announce our participation in the highly anticipated “Seamless Filing From Software” fair, organised by the Inland Revenue Authority of Singapore (IRAS). Taking place on February 29th, 2024, at Revenue House. This event is a prime opportunity for practices and businesses to explore innovative solutions for tax compliance and financial management.

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In-House Payroll vs. Outsourcing: Finding the Best Fit for Your Business

Counto

In-House Payroll vs. Outsourcing: Finding the Best Fit for Your Business Whether you’re a startup, SME, or established company, the decision to handle payroll in-house or outsource it requires careful consideration. Each approach comes with its own set of advantages and considerations tailored to your specific needs. Let’s dive into the world of payroll management and explore the pros and cons of in-house payroll versus outsourcing to a professional payroll service.

Payroll 52
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Breaking Ground on Better Payment Processes: Strategies for Construction Pros

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

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Appointing a Corporate Secretary: What are Their Roles & Responsibilities?

Counto

Appointing a Corporate Secretary: What are Their Roles & Responsibilities? In the realm of corporate governance, the role of a company secretary is pivotal. As a Singapore-based business owner, comprehending the intricacies of this position is essential for ensuring statutory compliance and efficient administrative operations. Appointing a Company Secretary in Singapore When establishing a company in Singapore, it’s essential to appoint a corporate secretary within six months of incorp