Counto

JANUARY 7, 2025

Our expert accountants deliver comprehensive servicesfrom bookkeeping to tax filingat transparent rates. Automation : Automate routine tasks like invoicing and payroll to free up time for strategic growth. Get accounting plans that combine bookkeeping with corporate tax filing to help you stay compliant at an affordable price.

Corporation Tax 52

Corporation Tax Bookkeeping Tax Payroll 52

Counto

MARCH 23, 2025

From daily bookkeeping to tax filings and financial reporting, these services help SMEs like yours maintain control, make smarter decisions, and grow with confidence. Bookkeeping Services Staying Organised from Day One Bookkeeping is the foundation of all accounting services. Ready to upgrade your accounting?

Bank Reconciliation 52

Bank Reconciliation Financial Reporting Accounting Accounting 52

Counto

MARCH 24, 2025

Why Accounting Services Matter for SMEs Even at early stages, businesses must handle: Bookkeeping and expense tracking GST submissions (if registered) Corporate tax filings with IRAS Payroll and CPF contributions ACRA annual returns Getting these right helps avoid penalties, cash flow issues, and compliance risks and sets the foundation for growth.

Accounting 52

Accounting Accounting Payroll Bookkeeping 52

Counto

NOVEMBER 10, 2024

Documentation and Record-Keeping Proper documentation and record-keeping are essential for GST compliance: Invoices and Receipts : Keep all invoices, receipts, and records of taxable transactions. Audit Trail : Accurate records are required for input tax claims and to ensure smooth filing during any tax audits.

Record Keeping 52

Record Keeping Billing Invoicing Tax 52

Counto

NOVEMBER 7, 2024

Importance of Accurate Bookkeeping and Financial Reporting Accurate bookkeeping forms the foundation of any successful business. Our expert accountants deliver comprehensive services—from bookkeeping to tax filing—at transparent rates. Adjusting your budget helps prepare for these spikes.

Financial Statements 40

Financial Statements Accounting Accounting Payroll 40

Counto

JANUARY 9, 2025

You must also notify your customers that you are now a GST -registered business and include the GST on invoices. These returns provide the IRAS with details of the GST you have collected and paid, and they ensure that you remain compliant with Singapores tax laws.

Collections 52

Collections Tax Corporation Tax Financial Statements 52

Counto

DECEMBER 7, 2024

Our expert accountants deliver comprehensive servicesfrom bookkeeping to tax filingat transparent rates. Example: Bens construction company in Singapore didnt track overdue invoices, leading to cash shortages just before payroll. Regularly monitor profit margins to maintain profitability while scaling your business.

Financial Statements 52

Financial Statements Reconciling Accounts Payable Accounts Payable 52

Counto

JANUARY 9, 2025

Input Tax Credits : When you’re GST -registered, you can recover the GST you pay on imported digital services by offsetting it against the GST you collect from your customers. This ensures that the tax doesnt unnecessarily eat into your profits. Compliance : To avoid penalties, make sure you comply with all GST regulations.

Tax 52

Tax Collections Budgeting Record Keeping 52

Counto

NOVEMBER 10, 2024

Supporting Your Claims Why it’s important: Detailed documentation of purchases, employee wages, and other expenses allows you to substantiate your tax claims, reducing the risk of disputes with the tax authorities. Get accounting plans that combine bookkeeping with corporate tax filing to help you stay compliant at an affordable price.

Tax 40

Tax Financial Records Auditing Invoicing 40

Counto

JANUARY 9, 2025

Be mindful of this requirement to avoid incorrect invoicing. Experience the Counto advantage Counto is the trusted outsourced provider of accounting, tax preparation and CFO services for startups and SMEs. Get accounting plans that combine bookkeeping with corporate tax filing to help you stay compliant at an affordable price.

Corporation Tax 52

Corporation Tax Tax Bookkeeping Invoicing 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

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 Budgeting Manager 52

Counto

OCTOBER 3, 2024

Here are some strategies for leveraging working loans effectively while considering corporate tax implications. Invoice Financing: This enables businesses to borrow against unpaid invoices, improving immediate cash flow without waiting for customer payments, thus avoiding potential tax liabilities from delayed cash inflows.

Corporation Tax 52

Corporation Tax Tax Financial Statements Financial Records 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

MARCH 19, 2024

Tax Deadlines Resident sole proprietors generally need to file their personal income tax returns by April 15th each year. Non-residents have varying deadlines based on their tax residency status. Record Keeping Maintain meticulous financial records, including income statements, receipts, invoices, and expense records.

Record Keeping 52

Record Keeping Financial Records Accruals Corporation Tax 52

Counto

OCTOBER 3, 2024

Example: A medical equipment seller should keep receipts and invoices organised to facilitate GST filings. Ensure GST Compliance Accurately reflect GST on invoices and file returns promptly to avoid penalties. Benefit from a dedicated team of experts, including a bookkeeper, Chartered Accountant, and tax specialist.

Record Keeping 52

Record Keeping Accounting Accounting Auditing 52

Counto

SEPTEMBER 20, 2024

Bookkeeping Practices for Accurate GST Reporting 1. Automate with Accounting Software Efficiency through Automation: Utilising accounting software designed for SMEs can automate GST calculations and invoicing, reducing human error. Summary Accurate bookkeeping and adherence to GST regulations are vital for SMEs in Singapore.

Bookkeeping 52

Bookkeeping Accounting Software Corporation Tax Tax 52

Counto

OCTOBER 3, 2024

Documentation: Export permits, travel records, and invoices must be maintained. Maintaining Compliance with GST Regulations Record keeping: Ensure export permits and invoices are in place. Example: A chocolate business exports its products with proper permits and invoices, passing IRAS audits without GST liabilities.

Record Keeping 52

Record Keeping Corporation Tax Auditing Invoicing 52

Counto

OCTOBER 7, 2024

Maintain Detailed Records Keeping organised records is crucial for claiming ITCs: Retain all pertinent documents, such as invoices and receipts. Example: A startup might adopt a digital filing system for its invoices and receipts, ensuring they are readily accessible during an audit. Easily generate tax invoices.

Tax 52

Tax Record Keeping Invoicing Corporation Tax 52

Counto

DECEMBER 13, 2024

Our expert accountants deliver comprehensive servicesfrom bookkeeping to tax filingat transparent rates. Understanding Common Cash Flow Mistakes Small business owners should be aware of common mistakes that can worsen cash flow issues: Inefficient Invoicing Systems: Delayed or inaccurate invoicing can slow down the cash inflow process.

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Invoicing Billing Financial Reporting Accounting Software 52

Counto

SEPTEMBER 12, 2024

Establish a Robust Bookkeeping System 1.1 Adopt Effective Accounting Software Simplify Financial Management: Implement accounting software like QuickBooks or Xero to streamline your bookkeeping. These tools automate tasks such as recording transactions, generating invoices, and creating financial reports.

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Deposits Budgeting Accounting Accounting 52

Counto

SEPTEMBER 12, 2024

Keeping Accurate Records Documentation Requirements: To claim input tax, agencies must maintain detailed records such as invoices and receipts that clearly show the GST amount charged. Example: An invoice for SGD 2,000 worth of office equipment with clear GST details allows you to claim the input tax credit.

Tax 52

Tax Collections Corporation Tax Invoicing 52

Counto

SEPTEMBER 12, 2024

Automated Services: Tools for invoice processing and financial management. Our expert accountants deliver comprehensive services—from bookkeeping to tax filing—at transparent rates. Experience the Counto advantage Counto is the trusted outsourced provider of accounting, tax preparation and CFO services for startups and SMEs.

Corporation Tax 52

Corporation Tax Invoice Processing Bookkeeping Financial Operations 52

Counto

SEPTEMBER 28, 2024

Example: A company that deferred a claim on a low-value asset last year can still write it off in the current year if it meets the eligibility criteria, ensuring they don’t miss out on potential tax benefits. Record-Keeping Maintain comprehensive records, including: Invoices: Clearly document all asset purchases.

Computation 52

Computation Tax Record Keeping Corporation Tax 52

Counto

JUNE 13, 2023

In this article, let us examine potential reasons why your business tax return may attract attention and provide valuable insights on avoiding them, ensuring a smooth and trouble-free corporate tax filing experience. Supercharge your business with Counto, a trusted provider of tax and accounting services for SMEs in Singapore.

Tax 52

Tax Financial Statements Reconciling Record Keeping 52

Counto

OCTOBER 16, 2024

Comprehensive Data Collection Centralised Data Management : Gather all financial information, including invoices, receipts, and purchase orders, into a single system for easy access. Experience the Counto advantage Counto is the trusted outsourced provider of accounting, tax preparation and CFO services for startups and SMEs.

Purchase Order 52

Purchase Order Corporation Tax Tax Auditing 52

Counto

OCTOBER 8, 2024

Key Features of Counto’s Virtual CFO Services Comprehensive Financial Management: We cover pitch assessments, tax optimisation, payroll management, and more, allowing you to focus on core activities. Experience the Counto advantage Counto is the trusted outsourced provider of accounting, tax preparation and CFO services for startups and SMEs.

Financial Reporting 52

Financial Reporting Tax Payroll Corporation Tax 52

Counto

SEPTEMBER 7, 2024

Our expert accountants deliver comprehensive services—from bookkeeping to tax filing—at transparent rates. Fieldwork: The auditor reviews your financial records, such as invoices and bank statements, and interviews key personnel. Changing auditors can bring fresh perspectives and enhance audit quality. Why is an Audit Important?

Auditing 52

Auditing Financial Statements Tax Budgeting 52

Counto

JANUARY 13, 2025

Recording Charity Donations in Bookkeeping for Small Businesses in Singapore Contributing to charitable causes is a powerful way for a small business owner in Singapore to give back to the community. Under Singapore’s tax laws, businesses can claim a tax deduction of up to 2.5

Bookkeeping 52

Bookkeeping Financial Statements Tax Record Keeping 52

Counto

MARCH 24, 2025

Faster Reconciliation Bank feed integration allows real-time reconciliation, where your accounting system automatically matches bank transactions to invoices, bills, and expenses. Our AI learns your specific patterns and transactions, then handles your daily bookkeeping automatically. Ready to upgrade your accounting?

Accounting 52

Accounting Accounting Reconciling Data Entry 52