Counto

NOVEMBER 10, 2024

What Every Singapore Restaurant Owner Should Know About GST Understanding Goods and Services Tax (GST) is crucial for restaurant owners in Singapore, as it directly impacts pricing, compliance, and overall financial management. Filing GST Returns Filing GST returns is an important part of complying with Singapore’s tax system.

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Record Keeping Billing Invoicing Tax 52

CapActix

FEBRUARY 27, 2025

Filling business tax return online isnt just another boring admin task, its the key to keeping your hard-earned cash where it belongs: in your business. Plus, you get access to every deduction and tax credit availableso you keep more money in your pocket instead of funding government overspending. Lets cut to the chase.

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Tax CPA Financial Records Auditing 52

Counto

MAY 18, 2025

If you’re looking to build smarter systems, adopt new technology, or improve operations, this scheme could significantly reduce your corporate tax burden or offer immediate cash support. But like any tax incentive, the benefits depend on how well you understand the rules and structure your claims. Whos Eligible?

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Corporation Tax Tax Invoicing Accounting 52

Counto

MARCH 23, 2025

Anytime, Anywhere Access Business owners and finance teams can log in from any device to monitor cash flow, track expenses, and manage invoices. Automated Data Entry Transactions from bank feeds, invoices, and receipts are captured and recorded automatically. Cloud-based accounting services automate many of these tasks, reducing risk.

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Data Entry Accounting Accounting Bookkeeping 52

Counto

JANUARY 9, 2025

GST Registration for Small Businesses As a small business owner in Singapore, understanding when and how to register for GST is key to managing your tax obligations and staying compliant with the law. For small businesses, understanding GST registration is vital for managing your financial obligations and potentially gaining tax advantages.

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Collections Tax Corporation Tax Financial Statements 52

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

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Counto

JANUARY 9, 2025

However, recent changes in tax regulations have introduced GST on imported digital services , which may impact your businesss bottom line. This helps ensure that both local and international service providers are taxed equally. Let Counto’s tax specialists handle Singapore’s tax complexities for you.

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Counto

MARCH 23, 2025

AI-Powered Data Capture Financial data from invoices, receipts, and bank statements is automatically extracted and entered into the system, reducing human error and saving time. Automated Tax Calculations AI ensures your corporate tax and GST filings are accurate and up to date, helping you avoid penalties.

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Data Entry Bank Reconciliation Accounting Accounting 52

Counto

NOVEMBER 7, 2024

Streamline tax filings and avoid penalties. Our expert accountants deliver comprehensive services—from bookkeeping to tax filing—at transparent rates. Improve Invoicing : Use invoicing software to streamline billing and ensure payments are collected promptly. Adjusting your budget helps prepare for these spikes.

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Financial Statements Accounting Accounting Payroll 40

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.

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Accounting Accounting Payroll Bookkeeping 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. Tax Accounting Staying Compliant, Avoiding Surprises Singapores tax system is efficient, but compliance still requires attention. Your competitors aren’t.

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Bank Reconciliation Financial Reporting Accounting Accounting 52

Counto

DECEMBER 7, 2024

Only Checking Financial Statements Annually Why This Happens: Many SMEs in Singapore only review financial statements once a year, often because they feel its only necessary during tax season or after a year has passed. Example: John, a bakery owner in Singapore, only looks at his financials when his accountant sends them for tax season.

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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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Tax Corporation Tax Financial Statements Bookkeeping 52

Counto

JANUARY 9, 2025

How to Manage GST for E-commerce and Online Businesses If you’re running an online business or providing digital services in Singapore, its essential to understand how Goods and Services Tax ( GST ) applies to your business. Let Counto’s tax specialists handle Singapore’s tax complexities for you.

Corporation Tax 52

Corporation Tax Tax Bookkeeping Invoicing 52

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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Tax Record Keeping Corporation Tax Bookkeeping 52

Counto

OCTOBER 7, 2024

Maximising Input Tax Credits: A Guide for Startups Funded by Startup SG Tech For small businesses in Singapore, particularly those backed by Startup SG Tech, grasping the strategies to maximise Input Tax Credits (ITCs) is vital for achieving financial success. Discover how we can streamline your taxes and accounting today.

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Tax Record Keeping Invoicing Corporation Tax 52

Counto

OCTOBER 3, 2024

Working loans can provide essential financial support to navigate operational challenges and optimize tax obligations. Here are some strategies for leveraging working loans effectively while considering corporate tax implications. Discover how we can streamline your taxes and accounting today. Click here to learn more.

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Corporation Tax Tax Financial Statements Financial Records 52

Counto

JUNE 13, 2023

5 Potential Reasons Your Tax Return May Be Flagged By IRAS Filing your business tax return requires careful attention to the tax laws and regulations established by IRAS. Inaccurate Income Reporting One of the primary reasons for a business tax return to be flagged by IRAS is inaccurate income reporting.

Tax 52

Tax Financial Statements Reconciling Record Keeping 52

Counto

SEPTEMBER 12, 2024

Tax Compliance: Specialists handle tax filings and compliance, reducing the risk of errors and ensuring adherence to regulations. Example: A local retail business, “TrendyWear,” outsourced its bookkeeping and tax compliance functions. Income Tax: Manages income tax filings to minimise errors and maximise efficiency.

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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. New guidelines for tax credits and rebates.

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Corporation Tax Payroll Financial Reporting Collections 52

Counto

OCTOBER 3, 2024

This scheme offers benefits like cost savings and smoother cash flow, but it’s important to understand the GST implications to ensure you comply with Singapore’s tax regulations. Documentation: Export permits, travel records, and invoices must be maintained.

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Record Keeping Corporation Tax Auditing Invoicing 52

Counto

SEPTEMBER 12, 2024

Essential GST Guidelines for Employment Agencies in Singapore Employment agencies in Singapore must navigate specific Goods and Services Tax (GST) regulations to ensure compliance and operational efficiency. Zero-Rated GST International Services: Services provided to clients outside Singapore may be zero-rated, meaning they are taxed at 0%.

Tax 52

Tax Collections Corporation Tax Invoicing 52

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

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. Look for features that facilitate expense tracking and automate tax filings. Optimise your e-commerce finances today.

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Record Keeping Accounting Accounting Auditing 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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Counto

SEPTEMBER 28, 2024

Conditions for Claiming a 100% Write-Off for Low-Value Assets in Singapore SMEs As a small business owner in Singapore, it’s crucial to be aware of the tax deductions available to you, particularly the opportunity to claim a 100% write-off for low-value assets. Discover how we can streamline your taxes and accounting today.

Computation 52

Computation Tax Record Keeping Corporation Tax 52

Billah and Associates

SEPTEMBER 10, 2018

As a first-time entrepreneur, starting a small business enterprise in Canada has its fair share of financial challenges which include controlling business costs, hiring employees, and generating sales invoices. Identifying tax deductions and credits which are specific to your business, thus enabling you to save corporate tax.

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Small Business Accounting Accounting Accounting Corporation Tax 52

Counto

OCTOBER 16, 2024

By harnessing the power of spend analytics, businesses can enhance their cash flow, ensure precise GST reporting, and uncover potential tax savings. Comprehensive Data Collection Centralised Data Management : Gather all financial information, including invoices, receipts, and purchase orders, into a single system for easy access.

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Purchase Order Corporation Tax Tax Auditing 52

Counto

SEPTEMBER 20, 2024

Even smaller businesses can opt for voluntary registration to benefit from input tax credits. Example: A small IT consultancy firm with a turnover of SGD 500,000 opts for voluntary GST registration to reclaim tax on its equipment purchases, thereby improving cash flow. Explore our plans here.

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Bookkeeping Accounting Software Corporation Tax Tax 52

AvidXchange

NOVEMBER 3, 2021

In a PYMNTS survey of AP pros, 25 percent said duplicate invoices or payments “create noticeable pain points in manual AP operations. Contractors who work for businesses, such as freelancers, typically use this form to verify their tax identification numbers (TINs), and your business will need those TINs when filing corporate tax forms.

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Counto

OCTOBER 8, 2024

From multicurrency accounting to tax filing, Counto handles it all—with unlimited transactions. Compliance and Tax Management Simplified Navigating Regulatory Requirements: Staying compliant with Singapore’s regulations can be challenging. We also simplify tax management and compliance, allowing you to focus on business growth.

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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?

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Auditing Financial Statements Tax Budgeting 52

Counto

SEPTEMBER 12, 2024

These tools automate tasks such as recording transactions, generating invoices, and creating financial reports. From multicurrency accounting to tax filing, Counto handles it all—with unlimited transactions. Tax Preparation: They ensure accurate and timely tax preparation, helping you avoid penalties and stay compliant.

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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

NextProcess

FEBRUARY 12, 2025

The specific issues these CFOs believed could have the biggest impacts on their businesses were tariffs and changes to corporate tax policies. quantities on purchase orders, dollar amounts on invoices) and metadata related to the process (e.g. who approved invoice payment, when a purchase order entered the system).

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Budgeting Purchase Order Corporation Tax Computation 52

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. Invoices were coming in manually. Before, we were pushing a lot of paper.

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Accounting Accounting AP Budgeting 52

Counto

JANUARY 13, 2025

Under Singapore’s tax laws, businesses can claim a tax deduction of up to 2.5 Here’s how you can ensure compliance with tax regulations and maximise your charitable giving: 1. ” This helps keep your donations separate from other business expenses, making it easier to track and report them during tax season.

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Bookkeeping Financial Statements Tax Record Keeping 52