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Cryptocurrency Accounting for Small Businesses in Singapore

Counto

Cryptocurrency Accounting for Small Businesses in Singapore As cryptocurrency continues to gain popularity worldwide, many small businesses in Singapore are exploring its potential as an alternative form of payment or an investment option. Understanding how to account for cryptocurrency is critical.

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Navigating ACRA’s Compliance Requirements for 2025

Counto

As we approach 2025, its essential to understand the latest compliance requirements set by the Accounting and Corporate Regulatory Authority (ACRA). Financial Record-Keeping and Audit Requirements ACRAs compliance requirements for financial record-keeping and audits continue to be stringent.

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Why Accrual Basis Accounting Matters for Singapore SMEs

Counto

Why Accrual Basis Accounting Matters for Singapore SMEs For SMEs, the importance of maintaining accurate, compliant financial records cannot be overstated. Here’s why we recommend accrual accounting, the risks of cash basis accounting, and how Counto’s expertise can help safeguard your business.

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10 Times to Consult with a Business Accountant

Nolan Accounting Center

It has been correctly said that accounting is one of the most crucial aspects of running a successful business. Entrepreneur and business leader Tiffany Johnson said, Accounting is the cornerstone of the business world. Because accounting is so critical for all businesses, the U.S. accounting industry is large, generating $145.7

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Warning Signs of Accounts Payable Fraud and How to Address Them

oAppsNet

Accounts payable (AP) fraud is a growing threat to businesses of all sizes. Fraudsters are becoming increasingly sophisticated, leveraging technology and exploiting vulnerabilities within AP processes to steal funds and manipulate financial records. Warning Signs of Accounts Payable Fraud 1.

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Tax Deductions and Incentives Available for F&B Businesses in Singapore

Counto

Navigate tax season with confidence: Our tailored, all-in-one accounting plans optimise your finances year-round. Discover how we can streamline your taxes and accounting today. What to track: Maintain a well-organised filing system for receipts, invoices, and other financial documents to back up your claims.

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What Are the Different Types of Accounting Services? A Guide for Small Business Owners in Singapore

Counto

What Are the Different Types of Accounting Services? Proper accounting ensures that you remain compliant with local regulations, maintain accurate financial records, and make informed decisions. This guide explains the different types of accounting services available and how they can help your business thrive.