SMB Accounting and Consulting

MARCH 8, 2023

One type of accounting that is well-known is tax accounting. According to Investopedia, tax accounting is “a structure of accounting methods focused on taxes rather than the appearance of public financial statements”. Tax accounting applies to individuals, businesses, and corporations.

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Accounting Tools

JULY 14, 2023

The tax accountant position is accountable for the collection of tax-related information, reporting to taxation authorities at the federal, state, county, and local levels in a timely manner, and advising management on the tax impact of various corporate strategies. Must be detail oriented.

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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.

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LedgerDocs

APRIL 6, 2023

Tax planning can sometimes feel like an overwhelming task, especially for small business owners, who have their hands full as is. However, effective tax planning is critical. It can save you a significant amount of money, help you avoid tax penalties, and keep you compliant with the law.

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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.

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Counto

APRIL 7, 2024

In this guide, we’ll explore various methods and strategies for paying yourself as a sole director, ensuring both financial stability and tax efficiency. Ensuring Tax Efficiency and Legal Compliance Optimising salary payments requires careful consideration of tax implications and legal obligations.

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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.

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Counto

MARCH 19, 2024

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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Counto

FEBRUARY 7, 2024

As a business owner in Singapore, understanding the ins and outs of Goods and Services Tax (GST) registration is crucial. Here’s a quick rundown: Output Tax: Registered businesses must charge GST on goods and services sold locally, known as Output Tax. Do I Need to Register for GST in Singapore? What is GST Registration?

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Counto

APRIL 14, 2023

Avoiding Common Tax Pitfalls: 5 Tips for Business Owners As a business owner, you understand the value of every dollar and work tirelessly to build and grow your business. However, navigating the complex world of taxes can be overwhelming and time-consuming. Keep reading to learn more.

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Tax Corporation Tax Record Keeping Auditing 52

Counto

APRIL 14, 2023

Avoiding Common Tax Pitfalls: 5 Tips for Business Owners As a business owner, you understand the value of every dollar and work tirelessly to build and grow your business. However, navigating the complex world of taxes can be overwhelming and time-consuming. Keep reading to learn more.

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Tax Corporation Tax Record Keeping Auditing 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.

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Accounting Tools

AUGUST 7, 2023

Related Courses Fixed Asset Accounting How to Audit Fixed Assets What is Depreciation? However, the expense does reduce the amount of taxable income that a business reports, which shrinks the amount of income tax that it must pay. In the firm’s Year 1 tax return, it claimed the $30,000 of depreciation as a tax deduction.

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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.

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Counto

JANUARY 19, 2023

Singapore has gained a reputation as a premier destination for business due to its strong economy and generous tax incentives. IRAS is the government agency in Singapore that is responsible for the regulation of enterprise disbursement schemes and the administration of taxes. ACRA vs IRAS: What Is the Difference Between Them?

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Counto

JANUARY 19, 2023

Singapore has gained a reputation as a premier destination for business due to its strong economy and generous tax incentives. IRAS is the government agency in Singapore that is responsible for the regulation of enterprise disbursement schemes and the administration of taxes. ACRA vs IRAS: What Is the Difference Between Them?

Tax 52

Tax Corporation Tax Financial Reporting Collections 52

Accounting Today

AUGUST 23, 2022

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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.

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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.

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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.

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