Accounting Tools

MAY 2, 2024

Examples of Sole Practitioners Examples of professions in which sole practitioners are common are architecture, auditing, law, and medicine. Given the specialized nature of many of these jobs, state governments frequently require that sole practitioners obtain a certification and insurance before going into business.

Corporation Tax 40

Corporation Tax Auditing Tax Accounting 40

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

Accounting Today

DECEMBER 13, 2023

Italy's finance police had claimed that the company failed to pay taxes on about €3.7 billion of rental revenue and claimed that the company owed about €779 million after an audit of the tax years from 2017 to 2021.

Tax 177

Tax Auditing Corporation Tax 177

SMB Accounting and Consulting

MARCH 8, 2023

Tax accounting applies to individuals, businesses, and corporations. Tax accountants must use the Internal Revenue Code (IRC) to provide accurate tax returns.

Tax 52

Tax Corporation Tax Accounting Accounting 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

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). Experience the Counto advantage Counto is the trusted provider of accounting, tax preparation and CFO services for startups and SMEs.

Record Keeping 52

Record Keeping Financial Records Accruals Corporation Tax 52

Counto

FEBRUARY 7, 2024

GST Audit: Understand the implications of potential GST audits and ensure compliance with IRAS regulations. Here are some articles you might find helpful: GST registration guide Corporate tax filing Record keeping requirements The post Do I Need to Register for GST in Singapore?

Corporation Tax 52

Corporation Tax Record Keeping Tax Auditing 52

Accounting Tools

JULY 14, 2023

Supervises None Related Articles Accounting Career Advice (podcast) Performance Targets for Accountants (podcast) Technical Accounting (podcast) The Tax and Audit Career Tracks (podcast) The Different Types of Accountants Must be detail oriented.

Tax 40

Tax Accounting Accounting Corporation Tax 40

Accounting Tools

OCTOBER 19, 2023

Related Courses C Corporation Tax Guide Types of Business Entities What is a Board of Directors? A board of directors governs a corporation. For example, there may be an audit committee , compensation committee, governance committee, and risk management committee.

Corporation Tax 40

Corporation Tax Auditing Tax 40

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. However, if you’re operating as a corporation, you will have to file a separate corporate tax return (Form T2) and pay corporate taxes on the business income.

Tax 52

Tax Corporation Tax Record Keeping Bookkeeping 52

Accounting Tools

AUGUST 7, 2023

Related Courses Fixed Asset Accounting How to Audit Fixed Assets What is Depreciation? In the firm’s Year 1 tax return, it claimed the $30,000 of depreciation as a tax deduction. Micron is subject to a 21% flat corporate tax rate, so it saves $6,300 (calculated as $30,000 x 21%) by claiming the expense.

Corporation Tax 40

Corporation Tax Tax Auditing Accounting 40

Counto

JANUARY 19, 2023

Aside from this, the institution also assists the Singapore government in matters related to tax legislation, tax treaties, and economic research with respect to the impact of new and existing taxes on the economy of the country. With our services, we can help guarantee your business’ long-term financial success.

Tax 52

Tax Corporation Tax Financial Reporting Collections 52

Counto

JANUARY 19, 2023

Aside from this, the institution also assists the Singapore government in matters related to tax legislation, tax treaties, and economic research with respect to the impact of new and existing taxes on the economy of the country. With our services, we can help guarantee your business’ long-term financial success.

Tax 52

Tax Corporation Tax Financial Reporting Collections 52

Counto

APRIL 14, 2023

Keeping accurate records is not just important for your peace of mind, but it can also help you in case of an audit. The Inland Revenue Authority of Singapore (IRAS) may request documentation to support deductions or other claims made on your tax return. This is where Counto’s tax filing services in Singapore come into play.

Tax 52

Tax Corporation Tax Record Keeping Auditing 52

Counto

APRIL 14, 2023

Keeping accurate records is not just important for your peace of mind, but it can also help you in case of an audit. The Inland Revenue Authority of Singapore (IRAS) may request documentation to support deductions or other claims made on your tax return. This is where Counto’s tax filing services in Singapore come into play.

Tax 52

Tax Corporation Tax Record Keeping Auditing 52

Billah and Associates

SEPTEMBER 10, 2018

Moreover, as your business grows, tasks such as managing business transactions, financial audits, and tax payments can get increasingly complex and can lead to legal penalties for poor compliance. Identifying tax deductions and credits which are specific to your business, thus enabling you to save corporate tax.

Small Business Accounting 52

Small Business Accounting Accounting Accounting Corporation Tax 52

Accounting Today

MARCH 28, 2024

The campaign is part of a larger effort by the IRS to increase its scrutiny of high-income taxpayers and large businesses to help close the tax gap.

Tax 226

Tax Corporation Tax Auditing 226

Accounting Today

AUGUST 23, 2022

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Tax 253

Tax Corporation Tax Auditing 253

IMA's Count Me

MARCH 10, 2021

They helped with their personal taxes and their corporate taxes. Where do you currently have a skill gap and do that self audit. So, when I speak of this previous accountant that I'm thinking of, I actually think of my parents' accountant in my head. He didn't expand.

Accounting 40

Accounting Accounting Corporation Tax Auditing 40

AvidXchange

MARCH 22, 2024

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. For most companies, audit season coincides with this period.

Accounting 52

Accounting Accounting AP Budgeting 52