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5 Work-from-Home Tax Deductions

Nolan Accounting Center

For remote workers, taking advantage of work-from-home tax deductions is important to have more money left over after taxes that can be saved, invested , or spent. There are the benefits of work-from-home tax deductions. However, remote employees can request tax-free reimbursements for work equipment and supplies.

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Invoices in Audits: What Every SMEs in Singapore Should Understand

Counto

Invoices in Audits: What Every SMEs in Singapore Should Understand As a small business owner in Singapore, navigating the complexities of financial management can be daunting. Among these complexities, understanding the role of invoices in audits is paramount. Discover how we can streamline your taxes and accounting today.

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Record-keeping Best Practices: Organizing Financial Records for Tax Purposes

Outsourced Bookeeping

Effective tax planning and compliance rely heavily on maintaining accurate records. In this piece, we delve into the significance of proper record-keeping for tax-related reasons and discuss the optimal techniques to achieve it. This encompasses documentation relating to sales, receipts, invoices, and expenses.

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The Importance of Accurate Bookkeeping for Tax Season

Less Accounting

As tax season approaches, many small business owners find themselves scrambling to organize their financial records and ensure they comply with the intricate web of tax regulations. Why Accurate Bookkeeping Matters Compliance with Tax Laws One of the primary reasons accurate bookkeeping is essential is compliance with tax laws.

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Can You File Federal Taxes Without Filing State? 

Nolan Accounting Center

Its tax time, and yet for small business owners, tax time is essentially all the time because owners must stay on top of taxes to stay in the good graces of the law as well as to avoid problems and penalties. It is especially important to file federal taxes correctly and on time.

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Navigating ACRA’s Compliance Requirements for 2025

Counto

Financial Record-Keeping and Audit Requirements ACRAs compliance requirements for financial record-keeping and audits continue to be stringent. For example, if your business generates over SGD 10 million annually, you must undergo an audit by a certified public accountant to ensure compliance.

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Record Keeping Requirements for New Businesses in Singapore

Counto

Record Keeping Requirements for New Businesses in Singapore For new businesses in Singapore, proper record-keeping is not just a good practice—it’s a legal requirement. What Records Must Be Kept? Refer to this Record Keeping Checklist for a list of the different types of records required.