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

NOVEMBER 12, 2024

Accounting Software Simplifies budgeting, expense tracking, and financial reporting. Ensures compliance with Singapore’s tax regulations and provides insights into financial performance. Effective tax planning and staying on top of compliance is vital for sustainable growth.

Budgeting 40

Budgeting Tax Corporation Tax Financial Statements 40

Counto

SEPTEMBER 12, 2024

Financial Reporting: Experts prepare accurate financial reports, providing you with the insights needed for informed decision-making. Tax Compliance: Specialists handle tax filings and compliance, reducing the risk of errors and ensuring adherence to regulations. Expert Financial Insights 3.1

Budgeting 52

Budgeting Corporation Tax Financial Analysis Budgeting Manager 52

Counto

DECEMBER 13, 2024

Preparing Financial Statements Financial statements provide a clear picture of your companys financial health. These must comply with the Singapore Financial Reporting Standards (SFRS) and are a critical part of tax and compliance filings. Corporate tax returns must be submitted annually.

Financial Statements 52

Financial Statements Corporation Tax Tax Auditing 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

FEBRUARY 8, 2024

Private companies can skip AGMs if they send financial statements to shareholders within five months after FYE, unless shareholders request an AGM within 14 days before the end of the sixth month after FYE. Listed companies must hold AGMs within four months after FYE.

Tax 52

Tax Financial Statements Corporation Tax Financial Reporting 52

Counto

MARCH 19, 2024

During the AGM, financial statements, which should be no more than 6 months old, are presented to shareholders. Private companies may be exempt from AGMs if financial statements are sent to shareholders within 5 months after the financial year-end, unless requested otherwise by shareholders.

Corporation Tax 52

Corporation Tax Financial Statements Tax Accounts Payable 52

Counto

SEPTEMBER 7, 2024

An audit is an independent examination of a company’s financial statements by a licensed auditor. The purpose is to ensure that the financial statements accurately reflect the company’s financial position and comply with the Singapore Financial Reporting Standards (SFRS) and the Companies Act.

Auditing 52

Auditing Financial Statements Tax Budgeting 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

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

DECEMBER 13, 2024

Mastering Cash Flow Statements: What Every SME in Singapore Needs to Know For small and medium-sized enterprises (SMEs) in Singapore, mastering cash flow statements is crucial for sustaining growth, ensuring operational efficiency, and navigating the complexities of a competitive market.

Invoicing 52

Invoicing Billing Financial Reporting Accounting Software 52

AvidXchange

MARCH 22, 2024

As a result, he experienced time savings, more accurate financial statements and centralized data. "Before, we were pushing a lot of paper. Audits are intended to review processes and guarantee financial statements are accurate. In a previous role, his team implemented AvidXchange to automate AP functions.

Accounting 52

Accounting Accounting AP Budgeting 52

Counto

JANUARY 13, 2025

This ensures your bookkeeping is aligned with the financial period, and your charitable giving is accurately reflected in your financial statements. Track Donations for Tax Deductions Singapore offers a tax deduction of 2.5 times the value of donations made to approved IPCs.

Bookkeeping 52

Bookkeeping Financial Statements Tax Record Keeping 52

Counto

NOVEMBER 4, 2024

How to Understand Business Performance: From a Profit and Loss Perspective This Standard Operating Procedure (SOP) covers how small business owners in Singapore can understand their business performance through a financial statement known as the Profit and Loss Statement (P&L) or Income Statement.

Corporation Tax 52

Corporation Tax Tax Bookkeeping Financial Statements 52