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Get set up for the new tax year with Xero Payroll

Xero

These include changes to National Insurance (NI) contributions effective from 6 January (followed by a second change effective 6 April), a new Scottish tax band and holiday pay reform. weeks of paid statutory holiday entitlement per year, calculated according to actual hours worked using the 12.07% accrual method.

Payroll 204
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Tax election definition

Accounting Tools

What is a Tax Election? A tax election is a choice made by a taxpayer among several possible options for how to deal with a situation from a tax reporting perspective. A tax election may have consequences related to the timing and amount of taxes paid.

Tax 40
professionals

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Understanding Singapore Financial Reporting Standards (SFRS) for SMEs

Counto

Its principles, including accrual accounting and comparability, foster informed decision-making. Key Principles of SFRS Accrual Accounting: SFRS mandates the use of accrual accounting, recording transactions when they occur rather than when cash is exchanged.

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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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Quick Ratio: A Liquidity Metric for Small Businesses

Counto

Experience the Counto advantage Counto is the trusted provider of accounting, tax preparation and CFO services for startups and SMEs. Get accounting plans that combine bookkeeping with corporate tax filing to help you stay compliant at an affordable price.

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Time Management Tips for Accounting and Finance Professionals  

AvidXchange

These include: • Month- and year-end closes • Audit and tax season • Budgeting season • Holidays and personal time off (PTO) During these periods, time management tips for accounting and finance professionals are especially important. It creates a lot of bottlenecks.” For most companies, audit season coincides with this period.