Counto

FEBRUARY 22, 2025

For small businesses in Singapore, maintaining accurate financial records is not just about complianceits a crucial driver of growth. Proper bookkeeping enables businesses to track financial health, make informed decisions, and ensure regulatory compliance. Chat with us now, email hello@mycounto.com , or use our contact form.

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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). Paperwork eating your time? Break free here.

Accounting 52

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Counto

FEBRUARY 22, 2025

This practice simplifies accounting, streamlines tax filing, and enhances financial decision-making. Here are five smart strategies to help you achieve financial clarity. A dedicated business account facilitates organised tracking of income and expenses, making accounting and tax preparation more straightforward.

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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. Corporate Income Tax a. Goods and Services Tax (GST) a. Tax season approaching?

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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

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. New guidelines for tax credits and rebates.

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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. Time-Consuming: Small business owners value time.

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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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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.

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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

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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. No other accounting firm has this record.

Accounting 52

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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

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Counto

MAY 6, 2025

Missed the Budget 2025 Announcements? Heres What Singapore SMEs Need to Know Now Didnt follow the Singapore Budget 2025 announcements? This years budget introduces key updates that directly impact SMEs, from tax reliefs and wage support to innovation grants and compliance expectations. Youre not alone and youre not too late.

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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.

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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. Your sales tax, expertly managed. Learn about our service here.

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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. How This Fits into Business Finance Digital banking can improve your day-to-day efficiency, but its not a replacement for financial discipline.

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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). The best moment is when youre clear on your model, prepared for compliance, and financially ready to operate with confidence. Your accounting shouldn’t add to that burden.

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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?

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Counto

JANUARY 13, 2025

Beyond the social good, charitable donations can also provide significant financial benefits. Under Singapore’s tax laws, businesses can claim a tax deduction of up to 2.5 Here’s how you can ensure compliance with tax regulations and maximise your charitable giving: 1.

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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. Our small business clients cut bookkeeping time by hours and never miss a tax deadline.

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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.

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