Counto

NOVEMBER 10, 2024

Audit Trail : Accurate records are required for input tax claims and to ensure smooth filing during any tax audits. Experience the Counto advantage Counto is the trusted outsourced provider of accounting, tax preparation and CFO services for startups and SMEs.

Record Keeping 52

Record Keeping Billing Invoicing Tax 52

Counto

MAY 4, 2024

Explore Counto’s all-inclusive accounting plans—designed to cover everything from multi-currency bookkeeping to unlimited transactions and corporate tax filing, all without hidden fees. Upon passing this audit and settling the balance of the certification fees, your Halal certificate will be issued.

Corporation Tax 97

Corporation Tax Auditing Bookkeeping Computation 97

Counto

SEPTEMBER 7, 2024

Understanding Audit Requirements for Private Limited Companies in Singapore As a private limited company in Singapore, understanding audit requirements is crucial for maintaining financial transparency and compliance. What is an Audit? Changing auditors can bring fresh perspectives and enhance audit quality.

Auditing 52

Auditing Financial Statements Budgeting Tax 52

Counto

NOVEMBER 10, 2024

Preparation for Audits Why it’s important: Well-maintained records ensure that your business is prepared for audits and can quickly provide the necessary documentation when required. Example: During an audit, having organised records of your expenses, including wages and capital purchases, will ensure the process runs smoothly.

Tax 40

Tax Financial Records Auditing Invoicing 40

Counto

JANUARY 9, 2025

These records are necessary for your GST returns and will be required in case of an audit. Experience the Counto advantage Counto is the trusted outsourced provider of accounting, tax preparation and CFO services for startups and SMEs.

Collections 52

Collections Tax Corporation Tax Financial Statements 52

Billah and Associates

JANUARY 27, 2021

Corporate tax deadlines are a little different than personal tax deadlines. For tax purposes, corporations can have year-ends that are not December 31st. Corporate tax return filings are due 6 months after the year-end For eg, a December 31, 2022 year-end would have a June 30, 2023, due date.

Tax 52

Tax Corporation Tax Financial Statements Bookkeeping 52

Counto

JANUARY 13, 2025

Additionally, many digital platforms undergo regular audits to ensure compliance with industry standards, which can help businesses feel confident in their digital banking solutions. Experience the Counto advantage Counto is the trusted outsourced provider of accounting, tax preparation and CFO services for startups and SMEs.

Accounting 52

Accounting Accounting Accounting Software Tax 52

Counto

OCTOBER 3, 2024

Prioritise Compliance and Record-Keeping Proper record-keeping is fundamental for meeting regulatory requirements and preparing for audits. Comprehensive records not only aid in financial management but also prepare you for potential audits. Conduct Regular Financial Audits Regular audits can enhance transparency and ensure compliance.

Record Keeping 52

Record Keeping Accounting Accounting Auditing 52

Counto

SEPTEMBER 12, 2024

Consider these key benefits: Bookkeeping: Professional bookkeepers manage daily transactions, freeing up your team to focus on core activities. Tax Compliance: Specialists handle tax filings and compliance, reducing the risk of errors and ensuring adherence to regulations. Streamlined Processes 1.1

Budgeting 52

Budgeting Corporation Tax Financial Analysis Accounting 52

LedgerDocs

APRIL 6, 2023

By tracking all your income and expenses, you’ll be able to claim deductions, file your tax returns accurately, and avoid audits. You can use bookkeeping document management software, such as LedgerDocs , to help you organize, and keep track of your income, invoices and expenses.

Tax 52

Tax Record Keeping Corporation Tax Bookkeeping 52

Counto

SEPTEMBER 27, 2024

Conduct an Energy Audit 2.1 Example: A manufacturing SME in Singapore utilised energy audit data to shift its operations to off-peak hours, achieving a 10% reduction in overall energy consumption. Our expert accountants deliver comprehensive services—from bookkeeping to tax filing—at transparent rates.

Billing 52

Billing Auditing Corporation Tax Bookkeeping 52

Counto

MARCH 19, 2024

Proper record-keeping is crucial for accurate tax reporting and to navigate audits or inquiries by the Inland Revenue Authority of Singapore (IRAS). Tax Reporting Methods Adopt the accrual method of bookkeeping for accurate reporting. Tax Rates and Carry Over Losses Sole proprietors are taxed at personal income tax rates.

Record Keeping 52

Record Keeping Financial Records Accruals Corporation Tax 52

Counto

APRIL 7, 2024

Not paying a salary or fee may increase company profits, leading to higher corporate taxes. Dividends issued after tax are tax-free for shareholders, as taxes have already been paid by the company. Ensure compliance with tax laws and regulations to avoid penalties or audits.

Corporation Tax 52

Corporation Tax Tax Payroll Bookkeeping 52

Counto

OCTOBER 3, 2024

GST audits: IRAS may audit businesses using HCES; accurate documentation is essential. Example: A chocolate business exports its products with proper permits and invoices, passing IRAS audits without GST liabilities. Let Counto’s tax specialists handle Singapore’s tax complexities for you.

Record Keeping 52

Record Keeping Corporation Tax Auditing Invoicing 52

Counto

SEPTEMBER 20, 2024

Let Counto’s tax specialists handle Singapore’s tax complexities for you. Bookkeeping Practices for Accurate GST Reporting 1. Accurate Transaction Records: Maintain meticulous records of all transactions to ensure precise GST returns and avoid audit discrepancies. Explore our plans here.

Bookkeeping 52

Bookkeeping Accounting Software Corporation Tax Tax 52

Counto

FEBRUARY 7, 2024

Considerations of Voluntary Registration Several considerations can influence your decision to opt for voluntary GST registration: Bookkeeping Process: Ensure your business maintains proper accounting practices to meet GST filing requirements promptly. appeared first on Welcome to Counto Singapore.

Record Keeping 52

Record Keeping Corporation Tax Auditing Tax 52

Counto

NOVEMBER 27, 2024

Our expert accountants deliver comprehensive services—from bookkeeping to tax filing—at transparent rates. ACRA Compliance : Ensure the system supports accurate financial reporting and is ready for audits as per Accounting and Corporate Regulatory Authority (ACRA) standards. At Counto, we prioritise your bottom line.

Accounting 52

Accounting Accounting Financial Reporting Payroll 52

Counto

OCTOBER 16, 2024

Maximising Input Tax Claims Tracking Eligible Expenses : Keep thorough records of expenses that qualify for input tax deductions. Maintaining Audit Trails : Ensure detailed documentation of transactions to support claims during audits.

Purchase Order 52

Purchase Order Corporation Tax Tax Auditing 52

Counto

OCTOBER 7, 2024

Maintain records for a minimum of five years, as they may be needed for audits. Example: A startup might adopt a digital filing system for its invoices and receipts, ensuring they are readily accessible during an audit.

Tax 52

Tax Record Keeping Invoicing Corporation Tax 52