Counto

DECEMBER 16, 2024

External auditors are typically certified professionals who are not affiliated with the company and provide an unbiased opinion on the financial records. Compliance with Standards: Verifying that the company is following required legal and regulatory financial reporting practices.

Auditing 52

Auditing Financial Statements Financial Reporting Financial Records 52

Counto

NOVEMBER 7, 2024

With tight margins and fluctuating demand, it’s essential for F&B business owners to maintain accurate financial records and make informed decisions to sustain and grow their business. Importance of Accurate Bookkeeping and Financial Reporting Accurate bookkeeping forms the foundation of any successful business.

Financial Statements 40

Financial Statements Accounting Accounting Payroll 40

Counto

MARCH 6, 2025

b) Meeting Due Diligence Requirements Investors will scrutinise your financial records, legal compliance, and operations. Maintaining organised financial statements and a sound company structure can streamline the fundraising process. Tax Compliance Adhering to corporate tax regulations is crucial for securing funding.

Financial Statements 52

Financial Statements Corporation Tax Bookkeeping Financial Records 52

Counto

JANUARY 7, 2025

Changes to Corporate Tax Rates Adjustments to corporate tax rates may be introduced in 2025 as part of government measures to promote economic growth and address fiscal needs. What to Expect: Possible changes to existing tax incentives. Higher accountability for financial reporting.

Corporation Tax 52

Corporation Tax Payroll Financial Reporting Collections 52

Counto

SEPTEMBER 12, 2024

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. Analyse Financial Reports Regularly 4.1

Deposits 52

Deposits Budgeting Accounting Accounting 52

Counto

NOVEMBER 7, 2024

Example : A café upgrading its kitchen equipment can benefit from accelerated depreciation, lowering its taxable income and reducing its corporate tax liability. Financial Statements : F&B businesses are required to prepare financial statements in accordance with Singapore Financial Reporting Standards (SFRS).

Tax 40

Tax Financial Statements Financial Reporting Record Keeping 40

Counto

OCTOBER 8, 2024

AI-Powered Processing: Counto’s platform processes your financial data quickly, providing timely insights and reports. Example: A tech startup needed financial clarity before an investor meeting. Tailored Solutions: Whether you need basic financial reporting or detailed forecasting for expansion, Counto has you covered.

Financial Reporting 52

Financial Reporting Tax Payroll Corporation Tax 52