Billah and Associates

FEBRUARY 18, 2025

Even minor missteps can lead to penalties, audits, or missed opportunities for savings. Lets explore common corporate tax issues, and actionable strategies to avoid them, along with the benefits of working with a corporate tax accountant. Use online accounting software to categorize expenses accurately.

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Corporation Tax Tax Auditing Accounting Software 52

Counto

JANUARY 13, 2025

For example, a small business owner based in Singapore with clients in different countries can easily transfer funds internationally without the delays typically experienced with traditional business accounts. Traditional business accounts may have more limited integration options.

Accounting 52

Accounting Accounting Accounting Software Tax 52

CapActix

FEBRUARY 27, 2025

Also Read: A Comprehensive Guide for IRS Business Tax Extension Step 1: Gather Essential Business Documents Filing a business tax return online starts with preparation. Rushing into the process without the necessary documents is a guaranteed way to cause delays, errors, or even trigger an IRS audit.

Tax 52

Tax CPA Financial Records Auditing 52

Counto

OCTOBER 3, 2024

Prioritise Compliance and Record-Keeping Proper record-keeping is fundamental for meeting regulatory requirements and preparing for audits. Comprehensive records not only aid in financial management but also prepare you for potential audits. Look for features that facilitate expense tracking and automate tax filings.

Record Keeping 52

Record Keeping Accounting Accounting Auditing 52

Counto

MARCH 19, 2024

Proper record-keeping is crucial for accurate tax reporting and to navigate audits or inquiries by the Inland Revenue Authority of Singapore (IRAS). Record Keeping Guidelines Separate Business and Personal Finances: Keep business and personal finances separate with dedicated bank accounts.

Record Keeping 52

Record Keeping Financial Records Accruals Corporation Tax 52

Counto

SEPTEMBER 20, 2024

Automate with Accounting Software Efficiency through Automation: Utilising accounting software designed for SMEs can automate GST calculations and invoicing, reducing human error. Example: An SME uses cloud-based accounting software to track expenses, which helps avoid costly errors in GST reporting.

Bookkeeping 52

Bookkeeping Accounting Software Corporation Tax Tax 52

Counto

OCTOBER 7, 2024

Example: A tech startup predicting sales of S$800,000 may choose voluntary GST registration if it plans to spend S$100,000 on vital software, allowing it to recover the GST paid. Maintain records for a minimum of five years, as they may be needed for audits. Easily generate tax invoices.

Tax 52

Tax Record Keeping Invoicing Corporation Tax 52

Accounting Today

JUNE 6, 2025

Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legis

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