2024, Corporation Tax and Tax - Financial Ops World

States cut taxes in 2024

Accounting Today

JANUARY 3, 2024

Fifteen states are reducing either individual or corporate income taxes this year, with some states trimming both individual and corporate taxes, among 34 states starting the year with significant tax changes.

Tax

Tax Corporation Tax

Tax leaders worried about election results

Accounting Today

JUNE 10, 2024

Strategic tax leaders worry the election will lead to changes to Inflation Reduction Act renewable energy credits, while tax tacticians worry about changes to federal corporate tax rates.

Tax

Tax Corporation Tax

Corporate Tax Filing in Singapore: A 2024 Guide for Businesses

Counto

FEBRUARY 7, 2024

Corporate Tax Filing in Singapore: A 2024 Guide for Businesses If you’re a business operating in Singapore, understanding the intricacies of corporate tax filing is essential to maintain legal compliance and financial stability. Corporate income in Singapore is taxed at a flat rate of 17 percent.

Corporation Tax

Corporation Tax Tax Data Entry Accounting Software

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Get set up for the new tax year with Xero Payroll

Xero

MARCH 13, 2024

These include changes to National Insurance (NI) contributions effective from 6 January (followed by a second change effective 6 April), a new Scottish tax band and holiday pay reform. Investment Zone NI categories From 6 April 2024, HMRC are introducing new NI categories for employees that work in the specified Investment Zones.

Payroll

Payroll XERO Tax Corporation Tax

Corporate Taxes: The Benefit of Tax-Deductible Donations

Counto

APRIL 4, 2024

Corporate Taxes: The Benefit of Tax-Deductible Donations In the realm of business, giving back to the community isn’t just about altruism—it’s also about strategic financial planning. Tax-deductible donations offer a unique opportunity for businesses to support worthy causes while also benefiting their bottom line.

Corporation Tax

Corporation Tax Tax Computation Bookkeeping

Mark Your Calendar: 2024 Tax Deadlines for Singapore Businesses

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. Goods and Services Tax (GST) Returns: For GST-registered companies, filing and payment are due within one month after the end of each accounting period.

Tax

Tax Corporation Tax Financial Statements Financial Reporting

A Guide to New FWA Guidelines for Singapore SMEs from Dec 2024

Counto

APRIL 17, 2024

A Guide to New FWA Guidelines for Singapore SMEs from Dec 2024 Starting December 1, 2024, Singapore will see a significant shift towards supporting flexible work arrangements (FWAs), as mandated by the newly established Tripartite Guidelines. These are set to be available from May 2024 and can be accessed through the Tafep website.

Corporation Tax

Corporation Tax Payroll Tax Bookkeeping

Making Tax Digital for Income Tax Self Assessment: Our guide to Unique Taxpayer Reference numbers

Xero

AUGUST 11, 2022

Frankly, you already have enough to remember, thanks to Making Tax Digital (MTD) for VAT and Income Tax Self Assessment (ITSA). The government legislation with the goal of digitising the tax process has been underway for some time, and the next step is looming large on the horizon.

Tax

Tax Corporation Tax Billing XERO

Budget 2024: Insights into the SkillsFuture Level-Up Programme

Counto

FEBRUARY 17, 2024

Budget 2024: Insights into the SkillsFuture Level-Up Programme In line with the Budget 2024 announcement, Deputy Prime Minister Lawrence Wong introduced comprehensive measures to bolster the national SkillsFuture movement and provide substantial support to mid-career workers aged 40 and above. Here’s what you need to know: 1.

Budgeting

Budgeting Corporation Tax Collections Tax

Singapore Budget 2024: Insights into the SkillsFuture Level-Up Programme

Counto

FEBRUARY 17, 2024

Singapore Budget 2024: Insights into the SkillsFuture Level-Up Programme In line with the Budget 2024 announcement, Deputy Prime Minister Lawrence Wong introduced comprehensive measures to bolster the national SkillsFuture movement and provide substantial support to mid-career workers aged 40 and above.

Budgeting

Budgeting Corporation Tax Collections Tax

Budget Singapore 2024: 7 Key Takeaways for SMEs and Business Owners

Counto

FEBRUARY 17, 2024

Budget Singapore 2024: 7 Key Takeaways for SMEs and Business Owners Singapore Budget 2024 contains several financial measures to support businesses, households, and individuals. Corporate Tax: Under the Base Erosion and Profit Shifting (BEPS) 2.0 billion to assist companies in managing rising costs.

Budgeting

Budgeting Corporation Tax Computation Tax

Canada to stick with planned tax on big tech the U.S. opposes

Accounting Today

JULY 18, 2023

Ottawa has pledged to implement a new digital services tax in early 2024, unless a global tax agreement is ratified by OECD countries.

Tax

Tax Corporation Tax

6 states with corporate income tax changes for 2024

Accounting Today

FEBRUARY 12, 2024

Corporations will be the beneficiaries of a reduction in the top marginal rate in all six states.

Tax

Tax Corporation Tax

A Comprehensive Guide to Registering Your Company in Singapore in 2024

Counto

JANUARY 2, 2024

A Quick Guide to Registering Your Company in Singapore in 2024 Singapore continues to be a thriving hub for businesses globally, and with good reason. If you’re considering starting your own company in the Lion City, this 2024 guide provides a comprehensive roadmap that surpasses the information provided in existing resources.

Corporation Tax

Corporation Tax Tax Accounting Accounting

Filing Requirements for Private Limited Companies: All You Need to Know

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. The process includes declaring chargeable income after deducting tax-allowable expenses, capital allowances, and reliefs.

Corporation Tax

Corporation Tax Financial Statements Tax Accounts Payable

Will Your Tax Bracket Change in 2023?

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

Tax Corporation Tax Bookkeeping Small Business Accounting

What is ECI and When to File ECI? Best Guide for Singapore SMEs

Counto

MARCH 26, 2024

Companies disagreeing with the assessed tax figure can submit a Notice of Objection, underscoring the importance of accurate and punctual ECI submissions. Revenue figures disclosed in the company’s tax return (Form C) serve as the basis for ECI calculations. Cases specifically granted the waiver to furnish ECI by IRAS.

Tax

Tax Corporation Tax Computation Budgeting

The global tax revolution for tech giants is delayed to 2024

Accounting Today

JULY 11, 2022

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Tax

Tax Corporation Tax

Applying for a Dormant Company

Counto

FEBRUARY 13, 2024

For instance, if your company remained inactive and generated no income in 2023, IRAS will classify it classified as a dormant company for the Year of Assessment (YA) 2024. Annual Filings : Fulfilling corporate secretary requirements and providing management reports, such as balance sheets and profit and loss statements.

Financial Statements

Financial Statements Corporation Tax Tax Financial Records

A short guide to Making Tax Digital for landlords

Xero

MAY 13, 2022

Making Tax Digital for Income Tax Self Assessment ( MTD for ITSA ) requires that landlords earning more than £10,000 use MTD-compatible software to keep records and make submissions to HMRC. The legislation will come into effect from April 2024. The deadline for EOPS is January 31st, after the tax year. . Claim expenses.

Tax

Tax XERO Corporation Tax Record Keeping

Trump tells CEOs he would cut corporate tax rate to 20%

Accounting Today

JUNE 14, 2024

Donald Trump promised to lower the corporate tax rate to 20%, further reducing the income levy on the largest U.S. companies that he already slashed while president.

Corporation Tax

Corporation Tax Tax