Counto

FEBRUARY 22, 2025

Automation helps businesses streamline compliance, improve efficiency, and make smarter financial decisions. Compliance with Singapore Financial Reporting Standards (International) Effective from January 1, 2025, businesses in Singapore are required to adhere to the updated SFRS(I). Break free here.

Accounting 52

Accounting Accounting Financial Statements Financial Reporting 52

Counto

MAY 13, 2025

This structure simplifies compliance but also places full responsibility on you to maintain organised financial records and report earnings accurately. Staying compliant requires that your records are already clean and ready not reconstructed in a rush. Every claim must be backed by proper documentation.

Tax 52

Tax Computation Financial Records Bookkeeping 52

Counto

FEBRUARY 22, 2025

Maintain Detailed Financial Records Keeping meticulous records of all business transactions is essential for tax filing and compliance with Singapore’s Inland Revenue Authority (IRAS) regulations. Ready to upgrade your accounting? Chat with us now, email hello@mycounto.com or use our contact form.

Budgeting 52

Budgeting Bookkeeping Record Keeping Tax 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. With a clear grasp of the important tax deadlines in 2025 and some forward planning, you can navigate the year with ease. Corporate Income Tax a. Other Key Deadlines a.

Tax 52

Tax Corporation Tax Financial Statements Financial Records 52

Counto

JANUARY 7, 2025

2025 Regulatory Changes: What SMEs in Singapore Need to Know As we approach 2025, small businesses in Singapore are facing a dynamic regulatory landscape that will impact various aspects of their operations, including accounting services. Key Regulatory Changes for 2025 1. Higher accountability for financial reporting.

Corporation Tax 52

Corporation Tax Payroll Financial Reporting Collections 52

Outsourced Bookeeping

OCTOBER 28, 2024

Staying relevant and making smarter financial decisions requires more than resilience; it requires smarter financial strategies. This article discusses how outsourced bookkeeping can be a game changer for your business despite 2025 small business financial trends. Eventually, these contribute to landfill waste.

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Gaviti

APRIL 22, 2025

In the rapidly evolving financial landscape of 2025, businesses are increasingly focusing on refining their accounts receivable (A/R) processes. Establishing clear, strategic goals and leveraging cutting-edge technologies are paramount for enhancing cash flow and ensuring financial stability.

Accounts Receivable 52

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Counto

FEBRUARY 23, 2025

MAS regulates payment systems and promotes transparency in financial transactions, which helps maintain trust in the industry. The Accounting and Corporate Regulatory Authority (ACRA), which oversees business entities in Singapore, requires businesses to maintain accurate and up-to-date financial records.

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Billing Customer Service Bookkeeping Services Bookkeeping 52

Outsourced Bookeeping

FEBRUARY 14, 2025

Bookkeeping is important in every business to ensure that financial records remain accurate, transparent, and compliant. Some new trends and technologies are set to change and improve the industry as 2025 progresses. By using AI, business owners can maintain accurate financial records while still focusing on strategic growth.

Bookkeeping Services 52

Bookkeeping Services Bookkeeping Outsourced Bookkeeping Payroll 52

Counto

FEBRUARY 22, 2025

Poor record-keeping, lack of budgeting, and financial missteps can jeopardise business operations. Many small businesses in Singapore fail due to underestimating tax obligations and financial planning. How to Address It Maintain Accurate Records: Keep detailed financial records and review them regularly.

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Counto

FEBRUARY 10, 2025

Its important to have a clear picture of your financial health to avoid overextending your business. A comprehensive understanding of your financial records will help you determine how much debt your business can handle without risking its financial stability.

Bookkeeping 52

Bookkeeping Financial Statements Financial Records Financial Operations 52

Nanonets

MARCH 4, 2025

When accuracy is non-negotiable whether in financial records, legal contracts, or regulatory compliance, OCR remains the most dependable solution. To assess the state of OCR in 2025, we benchmarked nine of the most popular OCR APIs, covering  commercial solutions, open-source OCR engines, and document processing frameworks.  Our

Computation 52

Computation Financial Statements Financial Records Accounting 52

Invoicera

MAY 20, 2024

billion by 2025.” Accounting firms play a significant role in the financial market as they provide service for various entities, as well as guidance for various individuals. These firms provide overall financial services for the better financial health of their clients.

Accounting 52

Accounting Accounting Auditing Tax 52

Outsourced Bookeeping

MAY 12, 2025

For a property management company, it might be difficult to oversee the financial operations while focusing on the core activities. When the company grows, maintaining financial records, handling compliances, risk mitigation, and other such tasks becomes challenging. Why outsource accounting services?

Accounting 59

Accounting Accounting Bookkeeping Services Outsourced Bookkeeping 59

Counto

MARCH 30, 2025

Over 60% of Businesses Used Government Support in 2025: Heres Whats Available for You If youre running a small business in Singapore, youre likely no stranger to rising costs, tighter margins, and the push to digitise. Why Tapping into Government Support Makes Business Sense Government assistance in 2025 is designed to reward good planning.

Bookkeeping Services 52

Bookkeeping Services Bookkeeping Financial Records Tax 52

Counto

MAY 6, 2025

Missed the Budget 2025 Announcements? Heres What Singapore SMEs Need to Know Now Didnt follow the Singapore Budget 2025 announcements? Summary Even if you missed the live updates, the Budget 2025 is still active and the support measures are within reach. Youre not alone and youre not too late.

Budgeting 52

Budgeting Bookkeeping Financial Records Tax 52

Counto

APRIL 13, 2025

Digital Banking in Singapore: What Small Business Owners Need to Know in 2025 Digitalisation has transformed how small businesses operate and now, its changing where they bank. This 2025 guide explains what digital banks offer, how they differ from traditional banks, and what business owners should consider before making the switch.

Bank Reconciliation 52

Bank Reconciliation Accounts Payable Accounts Payable Billing 52

Counto

MARCH 30, 2025

Singapore Extends GST Charging Grace Period to 60 Days: What SMEs Must Know About Registration in 2025 For many small businesses in Singapore, keeping up with statutory obligations is just part of running a business and one of the most significant is GST registration. Missing this deadline can result in penalties and backdated tax.

Financial Records 52

Financial Records Invoicing Tax Accounting 52

Counto

MARCH 30, 2025

Here are practical, sustainable strategies designed for SMEs operating in Singapore in 2025. Many SMEs miss out on these simply because theyre not tracking eligible costs properly which is where clean financial records and advisory support come in. So how can business owners cut manpower costs without cutting corners?

Payroll 52

Payroll Financial Reporting Bookkeeping Bookkeeping Services 52

Counto

MAY 13, 2025

At the Start of a Financial Year (If Youre Ready) Many Singapore businesses align their financial year with the calendar year (ending 31 December). Here are some articles you might find helpful: How to Handle Income Tax as a Sole Proprietor in Singapore Is Singapore a Good Place to Start a Business?

Record Keeping 52

Record Keeping Bookkeeping Services Bookkeeping Financial Records 52

Counto

MARCH 6, 2025

Financial Health Clear financial records and future projections. Preparing for Negotiations Before entering negotiations, SMEs should: Ensure Financial Transparency Maintain accurate financial statements and forecasts. Investors at this stage seek: Strong Business Model A scalable and sustainable revenue model.

Bookkeeping Services 52

Bookkeeping Services Financial Statements Bookkeeping Financial Records 52

Counto

APRIL 9, 2025

With the latest banking practices and financial regulations in Singapore in mind, heres how SMEs can confidently negotiate better loan terms. Financial Health: Updated profit and loss statements, balance sheets, and cash flow statements for at least the past two years.

Bookkeeping 52

Bookkeeping Financial Records Financial Reporting Tax 52

Counto

JANUARY 13, 2025

To fully benefit from these incentives and ensure your financial records remain accurate, it is crucial to record charity donations in your bookkeeping system properly. Furthermore, from 2025, the Overseas Humanitarian Assistance Tax Deduction Scheme (OHAS) will offer a 100% tax deduction for qualifying overseas cash donations.

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