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Best Strategies to Handle a Corporate Tax Audit

Billah and Associates

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. The process of Corporate Tax Audit – an Overview The process of preparation for corporate tax audit begins when you prepare the T2 or other returns.

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Filing Requirements for Sole Proprietors: All You Need to Know

Counto

Here’s a comprehensive guide to annual return filing and record-keeping for sole proprietors: Personal Income Tax Filing In Singapore, a sole proprietorship isn’t a separate legal entity. Tax Deadlines Resident sole proprietors generally need to file their personal income tax returns by April 15th each year.

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5 Potential Reasons Your Tax Return May Be Flagged By IRAS

Counto

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.

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Sole Proprietorship vs Pte Ltd: Pros and Cons in Singapore

Counto

Pte Ltd: Private Limited Companies face more stringent compliance requirements, such as maintaining proper financial records, filing annual returns, and holding annual general meetings. Taxation Sole Proprietorship: Sole proprietors are taxed at their personal income tax rates, based on the business’s profits.

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Applying for a Dormant Company

Counto

Appointment of company secretary Engagement of an auditor Maintenance of a registered office Maintenance of company registers and financial records. Annual Filings : Fulfilling corporate secretary requirements and providing management reports, such as balance sheets and profit and loss statements.

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Time Management Tips for Accounting and Finance Professionals  

AvidXchange

During the course of a year, certain periods can be stressful within accounting and finance departments, as teams are asked to keep up with their day-to-day responsibilities while taking on extra work. Currently, he’s an account executive for the real estate vertical at AvidXchange, helping AP teams streamline processes with automation.