Counto

NOVEMBER 3, 2024

Why Accrual Basis Accounting Matters for Singapore SMEs For SMEs, the importance of maintaining accurate, compliant financial records cannot be overstated. Legal Compliance In Singapore, maintaining financial records on an accrual basis is mandatory. Why Accrual Basis Accounting is the Only Compliant Method 1.

Accruals 52

Accruals Accounting Accounting Auditing 52

Counto

NOVEMBER 7, 2024

Essential Accounting Tips for Singapore’s F&B Industry The food and beverage (F&B) industry in Singapore faces unique challenges, especially in terms of financial management. In this post, we’ll cover some essential accounting practices and tips that can help streamline financial management for F&B businesses in Singapore.

Financial Statements 40

Financial Statements Accounting Accounting Payroll 40

Counto

DECEMBER 16, 2024

Heres how SMEs in Singapore can use ChatGPT to improve efficiency, particularly in managing financial and operational tasks. Streamlining Financial Reporting and Documentation For many SMEs in Singapore, managing financial records and preparing reports is a time-consuming task.

Financial Reporting 52

Financial Reporting Financial Statements Bookkeeping Tax 52

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

NOVEMBER 2, 2024

Tax Compliance : Proper categorisation ensures all transactions are accurately recorded, essential for seamless tax reporting. Smooth Integration with Accounting Systems Real-Time Updates : Instant synchronisation ensures financial records reflect the latest expense submissions, promoting accurate financial statements.

Financial Reporting 52

Financial Reporting Data Entry Budgeting Financial Analysis 52

Intuit

AUGUST 30, 2023

Its tax preparation and bookkeeping jobs provide many benefits. In addition to hourly wages and bonus opportunities, Intuit offers flexible work-from-home schedules, training and educational content to improve your skills, and an enthusiastic community of tax and bookkeeping experts. You can make a difference at Intuit.

Bookkeeping 130

Bookkeeping Tax QuickBooks CPA 130

Counto

MARCH 6, 2025

Putting off tasks isnt about lazinessits usually linked to deeper challenges, such as: Fear of making mistakes Hesitating to tackle complex tasks due to uncertainty, especially in areas like tax filing, financial reporting, or compliance obligations. Break them into smaller, specific actions that are easier to start.

Financial Records 52

Financial Records Payroll Bookkeeping Financial Reporting 52

Counto

MARCH 23, 2025

Tax Filing and GST Compliance Accurate tax submissions and, where applicable, GST filings are mandatory. Statutory Filings Startups are required to file annual returns and maintain proper financial records in accordance with the Companies Act. Non-compliance can lead to fines and legal issues.

Bank Reconciliation 52

Bank Reconciliation Accounting Accounting Record Keeping 52

Counto

JANUARY 10, 2025

We’ll cover everything you need to know about classification, valuation, tax implications, and best practices so you can confidently manage cryptocurrency in your business operations. Since it behaves differently from traditional assets or cash, cryptocurrency should be treated as an intangible asset in your financial statements.

Accounting 52

Accounting Accounting Record Keeping Tax 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

MARCH 23, 2025

Timely Tax Filings and GST Compliance Professional services ensure accuracy in tax submissions and help avoid penalties that could impact cash flow. Statutory Financial Statements Accurate preparation and submission of annual returns keep your business in good standing and open to growth opportunities, such as financing.

Accounting 52

Accounting Accounting Financial Reporting Financial Statements 52

Intuit

JANUARY 19, 2024

CPA jobs could range from tax preparer and bookkeeper to financial adviser and accounting professor. Explore the benefits of remote and freelance CPA jobs, as well as how Intuit can help you kick-start your career as a TurboTax Live Tax Expert or QuickBooks Live Expert Bookkeeper. What Is a CPA? Are CPA Jobs in Demand?

CPA 130

CPA Bookkeeping QuickBooks Financial Statements 130

Intuit

SEPTEMBER 18, 2024

You must have at least one year of work experience in accounting, attestation, compilation, management advisory, financial advisory, tax, and consulting skills. Here are just a few: Accountant: Accountants help organizations maintain their record-keeping, which may inform their financial decisions.

CPA 130

CPA QuickBooks Customer Service Bookkeeping 130

Billah and Associates

MAY 24, 2023

Know How Bookkeeping Helps with Tax Planning and Preparation Bookkeeping also plays a important role in tax planning and preparation. It includes keeping systematic recording, organizing, and tracking of financial transactions and activities of a business.

Bookkeeping 52

Bookkeeping Tax Financial Records Financial Statements 52

Accounting Tools

JULY 24, 2023

Review Subsidiary Financial Statements Print and review the financial statements for each subsidiary, and investigate any items that appear to be unusual or incorrect. Record Income Tax Liability If the company earned a profit, record an income tax liability. Make adjustments as necessary.

Financial Statements 75

Financial Statements Accounting Accounting Payroll 75

Accounting Tools

AUGUST 19, 2024

If the resulting financial statements of a client meet the CPA's evaluation criteria, the CPA will issue an auditor's opinion concerning the financial statements that accompany the statements when they are issued to third parties. The main activities of a CPA are as follows: Audits and reviews. Forensic accounting.

CPA 75

CPA Financial Statements Auditing Financial Records 75

Accounting Tools

JUNE 20, 2023

There are several types of accounting that range from auditing to the preparation of tax returns. Financial Accounting Those in the financial accounting field are concerned with the aggregation of financial information into external reports. There are multiple tax specialties, tracking toward the tax manager position.

Accounting 75

Accounting Accounting Financial Statements Auditing 75

CapActix

MARCH 11, 2023

Compliance Requirements: Small businesses may be subject to complex accounting regulations and tax laws that they are not equipped to handle. Outsourcing accounting services can ensure that their financial records are accurate and compliant with legal requirements. They provide a host of accounting services.

Outsourced Bookkeeping 72

Outsourced Bookkeeping Bookkeeping Services Accounting Accounting 72

Nanonets

APRIL 3, 2024

Picture this: a team of expert bookkeepers diligently managing your financial records and transactions without setting foot in your office. Traditional bookkeepers are professionals responsible for recording financial transactions, maintaining ledgers, and preparing financial statements manually or using basic accounting software.

Virtual Bookkeeping 74

Virtual Bookkeeping Bookkeeping Data Entry Bookkeeping Services 74

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

Outsourced Bookeeping

MAY 16, 2023

Financial management must include tax planning because it may minimize tax bills and increase savings. Both individuals and companies must start arranging their taxes now for the tax planning strategies for 2023.

Outsourced Bookkeeping 59

Outsourced Bookkeeping Tax Bookkeeping Services Bookkeeping 59

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. It is important to take note that the larger and more complex the audit is, the higher would be the delays or misunderstandings during the filing of corporate tax returns.

Corporation Tax 52

Corporation Tax Auditing Tax Financial Statements 52

Less Accounting

MAY 9, 2023

Once you’ve cleaned your bookkeeping, your business will be better prepared for growth, tax season, and investment opportunities. Take a look at this bookkeeping cleanup checklist to get all your financial ducks in a row. This step is crucial to getting accurate information for your financial reports.

Bookkeeping 98

Bookkeeping Accruals Reconciling Accounting Software 98

Bookkeeping Express

DECEMBER 12, 2023

As we approach the end of the year, it’s essential for small business owners to review their financial records and ensure everything is in order. Review Financial Statements Begin by reviewing your balance sheet, income statement, and cash flow statement.

Bookkeeping 52

Bookkeeping Financial Records Reconciling Financial Statements 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

Bookkeeping Express

JULY 26, 2023

Organized Financial Management Accurate and organized record-keeping empowers small business owners to track all financial transactions efficiently. This includes sales, expenses, payroll, taxes, and more. It demonstrates that your business is well-managed, financially stable, and worth the investment.

Record Keeping 52

Record Keeping Financial Records Financial Statements Accounts Payable 52

Billah and Associates

JULY 19, 2023

Proper bookkeeping basics practices ensure accurate financial recording, allowing you to make informed decisions and comply with legal and tax requirements. Double-entry bookkeeping : This principle states that every financial transaction should be recorded in at least two accounts, with equal debits and credits.

Bookkeeping 52

Bookkeeping Financial Statements Accruals Bank Reconciliation 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 Record Keeping Financial Reporting 40

Billah and Associates

APRIL 16, 2018

There are several reasons why a business might consider hiring a professional bookkeeper for your business: Professional Bookkeeper for Your Business Time management : Maintaining financial records can be time-consuming and may not be the most effective use of a business owner’s time.

Bookkeeping 52

Bookkeeping Bookkeeping Services Financial Records Financial Statements 52

Less Accounting

MAY 20, 2024

Bookkeeping is a critical function for any small business aiming for financial stability and sustainable growth. Accurate financial records provide essential insights into cash flow, profitability, and overall business health. Here’s a deeper look at when to handle bookkeeping on your own and when to bring in a professional.

Bookkeeping 59

Bookkeeping Financial Records Data Entry Payroll 59

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

Outsourced Bookeeping

JANUARY 7, 2025

Managing finances effectively is critical for the success of any business, especially when preparing for tax season. From 1099 preparation services to year-end bookkeeping and full-year QuickBooks write-ups , ensuring your financial records are accurate and compliant can be daunting. Identify and resolve discrepancies promptly.

1099 Preparation 52

1099 Preparation QuickBooks Bookkeeping Bookkeeping Services 52

Outsourced Bookeeping

FEBRUARY 27, 2025

Major aspects like financial management prove to be a decisive hurdle for new entrepreneurs. A startup ( bookkeeping services for startups ) needs accurate bookkeeping to maintain financial stability by tracking expenses and handling tax filing requirements. It plays a vital role in keeping financial records clear and organised.

Bookkeeping Services 52

Bookkeeping Services Bookkeeping Outsourced Bookkeeping Financial Records 52

Billah and Associates

APRIL 21, 2023

To know more about Accounting Technicians vs Accountants, develop financial statements, and prepare reports for tax purposes, Contact Billah & Associates. They may be accountable for updating, verifying, and analyzing financial records while working under the direction of an accountant.

Accounting 52

Accounting Accounting Financial Statements Financial Records 52

Future Firm

SEPTEMBER 27, 2023

Besides bookkeeping, they can handle other accounting tasks, with potential tax law training needed. TOA Global can provide experts for financial statements, offering cost savings compared to onshore hires, though not the cheapest option on the list. Paro Paro is a bit different than the other options listed here.

Outsourced Bookkeeping 98

Outsourced Bookkeeping Bookkeeping QuickBooks Bookkeeping Services 98

Billah and Associates

DECEMBER 26, 2021

Performance Evaluation The financial records give an unmistakable image of operations and the monetary account of independent companies or partnerships. It helps in better understanding the financial status of your business.

Financial Statements 52

Financial Statements Bookkeeping Accounting Accounting 52

Outsourced Bookeeping

JANUARY 22, 2025

As a small business owner, running a business can be an exciting and challenging task as the struggle to juggle customer satisfaction, growth and product development with expense tracking, tax preparation and invoicing can be an overwhelming and daunting endeavour, but fret not that’s where professional bookkeeping services come into play.

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Bookkeeping Services Bookkeeping Outsourced Bookkeeping Financial Records 52