Counto

NOVEMBER 12, 2024

Effective tax planning and staying on top of compliance is vital for sustainable growth. Tax and Compliance Tips: Proactive Tax Planning Forecast your tax obligations based on projected revenue. Regularly review your financial statements to avoid surprises when tax season arrives.

Budgeting

Counto

MARCH 23, 2025

Seamless Compliance with IRAS and ACRA Singapores regulatory environment requires SMEs to stay on top of IRAS tax filings and ACRA statutory requirements. Automated Tax Calculations GST and corporate tax are calculated automatically, with reminders for upcoming deadlines. Cloud systems help ensure compliance.

Data Entry

Counto

MARCH 18, 2025

Small businesses with minimal transactions can expect fees starting from S$90 per month , while businesses with high transaction volumes or complex financial reporting may require more comprehensive services costing S$300 to S$800 per month. Transformative. Join the businesses who expect more from their accounting relationship.

Financial Statements

Counto

MARCH 24, 2025

Why Accounting Services Matter for SMEs Even at early stages, businesses must handle: Bookkeeping and expense tracking GST submissions (if registered) Corporate tax filings with IRAS Payroll and CPF contributions ACRA annual returns Getting these right helps avoid penalties, cash flow issues, and compliance risks and sets the foundation for growth.

Accounting

Counto

MARCH 23, 2025

Bookkeeping Typically charged monthly or quarterly, bookkeeping services involve recording daily transactions, reconciling bank statements, and maintaining ledgers. Regulatory Requirements Some businesses, especially those near audit thresholds, need additional financial statements or management reports, which can also affect pricing.

Accounting

Counto

MARCH 6, 2025

b) Meeting Due Diligence Requirements Investors will scrutinise your financial records, legal compliance, and operations. Maintaining organised financial statements and a sound company structure can streamline the fundraising process. Tax Compliance Adhering to corporate tax regulations is crucial for securing funding.

Financial Statements

Counto

MARCH 23, 2025

Tax Accounting Staying Compliant, Avoiding Surprises Singapores tax system is efficient, but compliance still requires attention. Corporate Tax Filing Timely and accurate submission of Form C-S or Form C ensures compliance with IRAS regulations. Professional accounting services take the burden off your shoulders.

Bank Reconciliation

Accounting Today

JULY 24, 2025

Disclaimer: The author receives no compensation or promotional consideration from the products and services mentioned in this article.) Personality is a differentiator, not a liability Clients dont just hire CPA firms for tax prep or financial statements. All rights reserved. It got me thinking. Id love to hear from you.

Corporation Tax

Accounting Today

JULY 7, 2025

Poorly built or inadequately supervised AI agents could cause severe disruption, from misclassifying transactions to fabricating data — not only wreaking havoc on financial statements but fundamentally destroying trust. Aaron Harris Chief technology officer, Sage For reprint and licensing requests for this article, click here.

Accounting

Accounting Today

JUNE 23, 2025

In late 2023, GASB issued Statement 102 , "Certain Risk Disclosures," requiring state and local governments to provide financial statement users with information about specific risks when circumstances make a government vulnerable to a heightened possibility of loss or harm. That is effective for 2025 financial statements."

Financial Reporting

Accounting Today

AUGUST 6, 2025

Issuers with more than $50 billion in stablecoins outstanding would be required to submit audited annual financial statements. Its a pretty big deal," said Deloitte tax leader Rob Massey. The GENIUS Act encompasses a lot of the regulatory questions, but it doesnt address tax. All rights reserved.

Corporation Tax

Accounting Today

JULY 30, 2025

Michael Cohn Editor-in-chief, AccountingToday.com twitter mailto linkedin For reprint and licensing requests for this article, click here. All rights reserved.

Corporation Tax

Accounting Today

JULY 30, 2025

Michael Cohn Editor-in-chief, AccountingToday.com twitter mailto linkedin For reprint and licensing requests for this article, click here. All rights reserved.

Corporation Tax

Counto

JANUARY 11, 2024

Guide to Filing Financial Statements for Business Owners in Singapore Filing financial statements is a crucial annual requirement for businesses in Singapore. What Do Company Financial Statements Comprise? What Types of Businesses Are Exempt from Filing Financial Statements?

Financial Statements

Counto

MAY 29, 2023

Corporate Taxes: Key Dates and Exemptions to Be Aware Of Navigating tax season can be daunting for many business owners, but understanding the ins and outs of filing taxes is essential for operating a successful business in Singapore.

Corporation Tax

Counto

DECEMBER 13, 2024

Preparing Financial Statements Financial statements provide a clear picture of your companys financial health. These must comply with the Singapore Financial Reporting Standards (SFRS) and are a critical part of tax and compliance filings. Corporate tax returns must be submitted annually.

Financial Statements

Counto

FEBRUARY 8, 2024

Private companies can skip AGMs if they send financial statements to shareholders within five months after FYE, unless shareholders request an AGM within 14 days before the end of the sixth month after FYE. Listed companies must hold AGMs within four months after FYE. Discover a smarter way to outsource your accounting with confidence.

Tax

Counto

MARCH 19, 2024

During the AGM, financial statements, which should be no more than 6 months old, are presented to shareholders. Private companies may be exempt from AGMs if financial statements are sent to shareholders within 5 months after the financial year-end, unless requested otherwise by shareholders.

Corporation Tax

Counto

OCTOBER 3, 2024

Here are some strategies for leveraging working loans effectively while considering corporate tax implications. Invoice Financing: This enables businesses to borrow against unpaid invoices, improving immediate cash flow without waiting for customer payments, thus avoiding potential tax liabilities from delayed cash inflows.

Corporation Tax

Counto

SEPTEMBER 7, 2024

An audit is an independent examination of a company’s financial statements by a licensed auditor. The purpose is to ensure that the financial statements accurately reflect the company’s financial position and comply with the Singapore Financial Reporting Standards (SFRS) and the Companies Act.

Auditing

Counto

SEPTEMBER 12, 2024

The system enabled real-time access to financial data, automated invoicing, and efficient reconciliation, improving their overall financial management. Tax Compliance Effective tax management is essential: Corporate Tax Filing: Handles corporate tax returns, ensuring compliance with Singapore’s tax laws.

Budgeting

Accounting Tools

OCTOBER 4, 2023

Related Courses C Corporation Tax Guide Types of Business Entities What is a Parent Company? Parent Company Financial Statements The general purpose financial statements of the parent company are considered to be those that include the consolidated results and financial positions of its subsidiaries.

Financial Statements

Counto

JUNE 13, 2023

While many businesses are able to successfully file their returns, whether on their own or with the assistance of a tax preparation company in Singapore , certain circumstances can increase the likelihood of your tax return being flagged by IRAS. To stay ahead and prevent potential issues, accurate record-keeping is crucial.

Financial Statements

Counto

MARCH 23, 2024

Comparability: By standardising accounting language and practices, SFRS ensures that financial statements from different companies can be easily compared. This allows stakeholders to better understand and analyse financial data for decision-making.

Financial Reporting

Counto

JANUARY 21, 2025

Filing Corporate Income Tax Returns (Form C-S/C) e-Filing Deadline: 30 November 2025 All companies, even those that are dormant, are required to submit their corporate tax returns. To streamline the process, ensure your financial statements and any supporting documents are organised early.

Tax

Counto

FEBRUARY 7, 2024

Months 7-12: Taxes and Annual Returns Towards the end of the first year, focus shifts to corporate tax considerations and annual return filings. While new businesses may not be required to file corporate taxes in their inaugural year, understanding these obligations sets the stage for future compliance.

Corporation Tax

Counto

FEBRUARY 13, 2024

Annual Filings : Fulfilling corporate secretary requirements and providing management reports, such as balance sheets and profit and loss statements. When the company resumes activities, it must begin submitting financial statements and adhere to filing Annual Returns and Corporate Tax Returns as an active entity.

Financial Statements

Billah and Associates

SEPTEMBER 10, 2018

Generating financial statements on a regular basis for you to understand and keep track of your company finances. Identifying tax deductions and credits which are specific to your business, thus enabling you to save corporate tax. Advising you on how to make your tax payments on time throughout the year.

Small Business Accounting

Accounting Tools

OCTOBER 6, 2023

Related Courses Business Strategy C Corporation Tax Guide Types of Business Entities What is a Conglomerate? The financial results of the subsidiaries are consolidated into a single set of financial statements for the entire entity.

Corporation Tax

Counto

NOVEMBER 7, 2024

Example : A café upgrading its kitchen equipment can benefit from accelerated depreciation, lowering its taxable income and reducing its corporate tax liability. Financial Statements : F&B businesses are required to prepare financial statements in accordance with Singapore Financial Reporting Standards (SFRS).

Tax

Accounting Tools

OCTOBER 14, 2023

Related Courses C Corporation Tax Guide Types of Business Entities What is a Shareholder? A shareholder is an individual or entity that owns the shares of a corporation. Related Articles Stockholder of Record The Difference Between a Shareholder and a Stakeholder The Difference Between a Stockholder and a Shareholder

Corporation Tax

Counto

MARCH 13, 2024

Tax Benefits and Incentives Singapore offers attractive tax incentives for local companies, and private limited companies are no exception. With a flat corporate tax rate of 17% on chargeable income, Pte Ltd businesses enjoy a favourable tax environment.

Corporation Tax

Counto

SEPTEMBER 28, 2024

Depreciation vs. Capital Allowances: Depreciation: Recorded in financial statements but is not tax-deductible in Singapore. Capital Allowances: Essential for achieving tax deductions. Get accounting plans that combine bookkeeping with corporate tax filing to help you stay compliant at an affordable price.

Tax

Counto

DECEMBER 13, 2024

Mastering Cash Flow Statements: What Every SME in Singapore Needs to Know For small and medium-sized enterprises (SMEs) in Singapore, mastering cash flow statements is crucial for sustaining growth, ensuring operational efficiency, and navigating the complexities of a competitive market.

Invoicing

Counto

OCTOBER 4, 2024

Prepare Your Pitch: Tailor your pitch to resonate with the interests of your target investors, presenting clear financial statements and forecasts. Experience the Counto advantage Counto is the trusted outsourced provider of accounting, tax preparation and CFO services for startups and SMEs.

Corporation Tax

Counto

SEPTEMBER 12, 2024

Analyse Financial Reports Regularly 4.1 Review Key Financial Statements Monthly Analysis: Regularly review income statements, balance sheets, and cash flow statements to understand your financial performance.

Deposits

Counto

NOVEMBER 13, 2024

Ensure Your Company Is Incorporated : You must be a legally registered business with the correct financial standing to apply for grants. Prepare Required Documents : Have your business registration, financial statements, and relevant operational plans ready.

Payroll