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Xero Simple is here for small businesses

Xero

From April 2026, small businesses, sole traders and landlords will need to change how they report income tax to HMRC. New legislation, known as Making Tax Digital for Income Tax (MTD for IT ), is set to be introduced, sparking a shift in financial reporting requirements.

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Navigating ACRA’s Compliance Requirements for 2025

Counto

The return must include up-to-date details such as the companys financial statements, directors, and shareholders. Financial Statements : Companies are also required to submit their financial statements, which must comply with the Singapore Financial Reporting Standards (SFRS) or SFRS for Small Entities , depending on the businesss size.

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Top 10 Invoicing Software for Travel Business

Invoicera

Send a one-click reminder to keep those payments coming. Payments are auto-recorded, keeping your records always up to date. Bank Reconciliation & Financial Reporting: Sync your bank accounts to track payments and withdrawals easily.

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Why Accrual Basis Accounting Matters for Singapore SMEs

Counto

Why Accrual Basis Accounting Matters for Singapore SMEs For SMEs, the importance of maintaining accurate, compliant financial records cannot be overstated. Summary While cash basis accounting may appear easier, it poses significant risks that can impact your business’s financial health and compliance status.

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Top 10 Automated Invoicing Software to Simplify Your Business Finances

Invoicera

Credit Notes: Release credit notes for returns or for offering discounts, making adjustments, and record-keeping convenient. You can easily create invoices in different foreign currencies and translate them into different languages.

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What Are the Different Types of Accounting Services? A Guide for Small Business Owners in Singapore

Counto

Heres a quick overview of the primary accounting services: Bookkeeping : Recording daily financial transactions, such as sales and expenses. Financial Statement Preparation : Creating essential financial reports like income statements, balance sheets, and cash flow statements.

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Top 9 Rossum alternatives for data extraction

Nanonets

Known for its speed and accuracy, Veryfi uses deep learning models to extract data and caters to businesses looking to automate their accounting workflows and improve the accuracy of financial record-keeping. Why choose Veryfi over others? How does Veryfi compare to Rossum?