Counto

MARCH 13, 2024

Why Choose a Private Limited Company (Pte Ltd) for Your Singapore Business Venture Are you considering starting a business in Singapore? Among the various options, the private limited company, or Pte Ltd, stands out as the preferred choice for many SMEs, entrepreneurs, and foreign investors. Let’s explore why.

Corporation Tax 52

Corporation Tax Tax Financial Statements Accounting 52

Counto

APRIL 7, 2024

Easy Guide to Converting Your Sole Proprietorship to a Private Limited Company Are you a sole proprietor and eyeing the transition to a Private Limited (Pte Ltd) company? Access to Capital: Expand your funding options and attract investors by issuing shares, facilitating business growth and expansion.

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Tax Accounting Accounting 52

Counto

APRIL 6, 2024

Converting your Limited Liability Partnership (LLP) to a Private Limited (Pte Ltd) company in Singapore offers numerous benefits: Limited Liability: Pte Ltd companies provide owners with limited liability protection, separating personal assets from business liabilities.

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Counto

JANUARY 9, 2024

How to Issue Shares in a Singapore Private Limited Company Issuing shares in a Singapore Pte Ltd company can be a strategic move to raise capital, reward employees, and grow your business. Shareholder Limits: Private limited companies must have at least one shareholder and can have a maximum of 50 shareholders.

Accounting 52

Accounting Accounting 52

Counto

MAY 9, 2024

The most common form for retail businesses in Singapore is a private limited company due to its limited liability protection, credibility, and tax benefits. Initial Capital: While the minimum paid-up capital is as low as S$1, having sufficient funding to cover at least 6-12 months of operations is advisable.

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Budgeting Manager Tax Budgeting Accounting 52

Counto

JANUARY 27, 2024

Explore these avenues to secure the necessary capital: Business Loans: Consider traditional business loans, but be aware of the associated risks and costs. Investors: Attract investors who can provide capital in exchange for a share of your business. Limited Liability Partnership (LLP): Also available to eligible individuals.

Bookkeeping 52

Bookkeeping Tax Financial Reporting Accounting 52

Accounting Tools

FEBRUARY 5, 2024

What is a Capital Asset? A capital asset is property that is expected to generate value over a long period of time. Capital assets form the productive base of an organization. In asset -intensive industries, companies tend to invest a large part of their funds in capital assets.

Computation 40

Computation Accounts Receivable Accounts Receivable Account Receivables 40

Counto

JANUARY 8, 2024

Converting Your Singapore Sole Proprietorship into a Pte Ltd Company Starting a business as a sole proprietorship can be a straightforward and cost-effective option, but as your business grows, you might consider converting it into a private limited company, also known as a Pte Ltd in Singapore.

Corporation Tax 52

Corporation Tax Tax Accounting Accounting 52

Accounting Tools

NOVEMBER 3, 2023

Related Courses Capital Budgeting What is Capital Rationing? Capital rationing is the decision process used to select capital projects when there is a limited amount of funding available. A variation is to apply a higher cost of capital to net present value calculations to strip away lower-return projects.

Budgeting 40

Budgeting 40

Accounting Tools

OCTOBER 28, 2023

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is Capital Turnover? Capital turnover compares the annual sales of a business to the total amount of its stockholders' equity. Problems with Capital Turnover There are a number of problems with the capital turnover concept that limit its use.

Financial Statements 40

Financial Statements 40

Accounting Tools

DECEMBER 23, 2023

The purchase of an asset may be recorded as an expense if the amount paid is less than the capitalization limit used by a company. If the amount paid had been higher than the capitalization limit, then it instead would have been recorded as an asset and charged to expense at a later date, when the asset was consumed.

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Accruals Bookkeeping Accounts Payable Accounts Payable 75

Accounting Tools

AUGUST 4, 2023

Related Courses Accounting for Intangible Assets Fixed Asset Accounting How to Audit Fixed Assets How to Account for Fixed Assets A fixed asset is an item having a useful life that spans multiple reporting periods, and whose cost exceeds a certain minimum limit (called the capitalization limit ).

Accounting 76

Accounting Accounting Accounts Payable Accounts Payable 76

Counto

MAY 4, 2024

Here’s how you can get started: Incorporate Your Business: Register your restaurant as a private limited company or sole proprietorship with the Accounting and Corporate Regulatory Authority (ACRA). Should I start a restaurant as a sole proprietorship or a private limited company (Pte Ltd) in Singapore?

Tax 52

Tax Accounting Accounting 52

Accounting Tools

JULY 31, 2023

Accounting for Leasehold Improvements When you pay for leasehold improvements, capitalize them if they exceed the corporate capitalization limit. If you capitalize these expenditures , then amortize them over the shorter of their useful life or the remaining term of the lease.

Accounting 75

Accounting Accounting 75

Accounting Tools

JANUARY 18, 2024

This situation arises when there are strong barriers to entry , such as government regulation or a large capital expenditure requirement. Examples of an Oligopoly An example of an oligopoly is the airline industry, for which the main restriction on entry to the market is a limited number of gates at airports.

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Auditing 40

Counto

JANUARY 6, 2024

In this article, we’ll guide you through the essential documents needed to establish your business presence in Singapore. Company Constitution For private limited companies, a company constitution (formerly known as the Memorandum and Articles of Association) is required.

Accounting 52

Accounting Accounting 52

Counto

JANUARY 8, 2024

Two common options are a Sole Proprietorship and a Private Limited Company (Pte Ltd). In this article, we’ll compare Sole Proprietorship and Pte Ltd in Singapore across various aspects to help you decide which structure suits your business best. The primary requirement is renewing the business registration upon expiry.

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Corporation Tax Tax Financial Records Accounting 52

Counto

JANUARY 7, 2024

This legal separation allows parent companies to limit their liabilities and risks to the subsidiary’s assets, shielding them from potential financial implications. In this article, we’ll guide you through the essential documents needed to establish a subsidiary in Singapore successfully.

Record Keeping 52

Record Keeping Financial Records Accounting Accounting 52

Accounting Tools

SEPTEMBER 6, 2023

The advantages of the corporation structure are as follows: Limited liability. Source of capital. There is no limit to the life of a corporation, since ownership of it can pass through many generations of investors. The shareholders of a corporation are only liable up to the amount of their investments. Perpetual life.

Corporation Tax 75

Corporation Tax Tax 75

Accounting Tools

OCTOBER 28, 2023

Related Courses Budgeting Capital Budgeting Formulating a budget is essential for many organizations. Cash Allocation There is only a limited amount of cash available to invest in fixed assets and working capital , and the budgeting process forces management to decide which assets are most worth investing in.

Budgeting 75

Budgeting Accounting Accounting 75

Counto

JANUARY 8, 2024

Each entry option comes with distinct advantages and limitations. Subsidiary Provides strong limited liability protection and access to tax incentives, suitable for long-term ventures. A subsidiary is a Singapore-registered private limited company, with its shareholders primarily composed of either local or foreign corporate entities.

Auditing 52

Auditing Financial Statements Financial Records Tax 52

Accounting Tools

JULY 15, 2023

Capitalization limit. A company can charge expenditures to expense that would normally be capitalized and depreciated over time, because the expenditures are too small to be worth the tracking effort, and capitalization would have an immaterial impact on the financial statements.

Financial Statements 40

Financial Statements Accounting Accounting Computation 40

Accounting Tools

MAY 15, 2023

There may also be limited partners in the business who do not engage in day-to-day decision making, and whose losses are limited to the amount of their investments in it; in this case, a general partner runs the business on a day-to-day basis. A capital account records the balance of the investments from and distributions to a partner.

Accounting 40

Accounting Accounting Tax 40

Counto

FEBRUARY 15, 2024

Provides a Short-term Cash Boost: A working capital loan can provide the necessary funds, offering a lifeline for short-term financial needs.Whether it’s paying off liabilities, covering seasonal spikes in sales, or bolstering cash flow, you have the freedom to allocate the funds as necessary. Advantages of Business Loans 1.

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Invoicing Financial Statements Payroll Financial Reporting 52

Accounting Tools

OCTOBER 24, 2023

A high turnover rate can be achieved by being selective about only dealing with high-grade customers, as well as by limiting the amount of credit granted and engaging in aggressive collection activities. Changes to this ratio are limited by the underlying payment terms agreed to with suppliers.

Accounts Payable 75

Accounts Payable Accounts Payable Accounts Receivable Accounts Receivable 75

Accounting Tools

OCTOBER 21, 2023

For example, managers could lower the capitalization limit , so that lower-cost expenditures are capitalized as fixed assets , rather than being charged to expense as incurred. Related Articles Accounting Cushion Controller’s Cushion Creative Accounting Managed Earnings Secret Reserve

Financial Statements 40

Financial Statements Accounting Accounting 40

Counto

JANUARY 7, 2024

Understanding the Company Constitution A company constitution, sometimes referred to as the articles of association, is a written document that governs the internal affairs of a company. Liability Clause: For companies limited by shares, it articulates the limited liability of members.

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Accounting Tools

SEPTEMBER 21, 2023

Related Courses Budgeting Capital Budgeting A budget is used by a business to set expectations for revenues and expenses in future periods. Step 2: Note Available Funding Determine the most likely amount of funding that will be available during the budget period, which may limit growth plans.

Budgeting 40

Budgeting Payroll Data Entry Financial Software 40

Accounting Tools

JANUARY 12, 2024

Non-participating preferred stock is preferred stock that specifically limits the amount of dividends paid to its holders. What is Non-Participating Preferred Stock? This usually means that there is a specifically-mandated dividend percentage stated on the face of the stock certificate.

Corporate Finance 40

Corporate Finance 40

Counto

MARCH 19, 2024

Filing Requirements for Private Limited Companies: All You Need to Know As a Singapore business owner, it is important to understand filing requirements for private limited companies to ensure tax compliance. The process includes declaring chargeable income after deducting tax-allowable expenses, capital allowances, and reliefs.

Corporation Tax 52

Corporation Tax Financial Statements Tax Accounts Payable 52

Accounting Tools

SEPTEMBER 8, 2023

With the exception of the interest earned on municipal securities, there is no limit on the types of income that fall within this rule. Related Articles Earned Income Income Splitting Taxable Income This means that excluded income is not reported on a taxpayer’s Form 1040. This rule is promulgated by the Internal Revenue Service.

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Tax 40

Accounting Tools

OCTOBER 5, 2023

Membership in the cooperative is limited to patrons. There is a limited return paid out on capital investment. Related Articles Agricultural Producer At least half of the cooperative’s business is performed on a patronage basis.

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Tax Accounting Accounting 40

Counto

JANUARY 6, 2024

Singapore has emerged as a preferred destination for setting up holding companies, thanks to several compelling advantages: Tax Efficiency : Singapore boasts a favourable tax environment, with attractive tax rates on capital gains and foreign-sourced dividends. Your company must possess a minimum of SGD 1 in issued share capital.

Corporation Tax 52

Corporation Tax Tax Financial Reporting Accounting 52

Accounting Tools

AUGUST 5, 2023

Those running a non-profit need enough information to make decisions about how to use limited resources, as well as to report to third parties about how well they are preserving and using those resources. The governmental fund category includes the following funds: Capital projects funds. Debt service funds. Special revenue funds.

Accounting 74

Accounting Accounting Budgeting Auditing 74

Accounting Tools

JUNE 14, 2023

However, if there are future alternative uses for the software, capitalize its cost and depreciate the software over its useful life. These arrangements are frequently constructed as limited partnerships, where a related party fulfills the role of general partner. Related Articles R&D Funding Decisions Contracted services.

Accounting 75

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Accounting Tools

JULY 27, 2023

The policy is an essential element of the finances of a business, since it impacts the amount of working capital required to support accounts receivable , and also influences the amount of bad debt losses. Credit Limits The credit limits section states the amount of credit that will be allowed to customers, given certain criteria.

Collections 40

Collections Financial Statements Accounts Receivable Accounts Receivable 40

Accounting Tools

OCTOBER 6, 2023

Capitalization Limit It is time-consuming to accounting for depreciation, so accountants reduce the work load by only capitalizing assets if the amount paid exceeds a certain threshold level, such as $5,000. Related Articles Depreciation Methods How to Calculate Depreciation Is Depreciation a Source of Funds?

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Auditing Accounting Accounting 40