Accounting

Read the most recent articles on accounting to stay informed about the latest events, developers and reveals with our accounting section.

A collection of 18 posts

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XBRL and Tax Filing in Singapore: An Introduction

XBRL is a language used to standardise the way that companies in Singapore file their tax statements online. Take a read to get to know a bit more about XBRL tax filing requirements.

4 min read
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How to legitimately reduce your corporation tax

You can take advantage of the legitimate ways to reduce your corporation tax, such as claiming expenses, paying yourself a salary, and spending profits. We explain each step with examples and show how you could reduce the tax you owe more than by half.

4 min read
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DIN It: IRAS Document Identification Number Explained

A Document Identification Number (DIN) is what you come across when you file your income tax to IRAS. We cover what it is and how to get one.

3 min read
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When Do Companies Pay Capital Gains Tax in Singapore?

Capital Gains Tax (CGT) is the money you are to pay to the state when selling something valuable with profit. Singapore does not tax capital gains — in most cases. If you suspect that your situation might be an exception, read on.

4 min read
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What You Need to Know About Singapore Accounting Standards

We explain what the international framework for financial reporting is all about and help you understand which of the standards apply to your particular company.

5 min read
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Capital Gains Tax for Individuals in the UK

Capital Gains Tax is imposed when an asset that increased in value is sold. Let us look at cases when you do and do pay this tax, the rates and how they apply to you.

4 min read
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Taxes for UK Business Owners: 2019/20 Tax Rates, Thresholds & Allowances

Small business owners face double responsibility when paying taxes: they account both for themselves and for their companies. It is tiresome to keep up with the shifting tax rates, tax bands and allowances, so here is a guide for a private limited company owner to survive the 2019/2020 tax year.

7 min read
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Tax & PAYE Reference Numbers: Don’t Let These Codes Confuse You

Your company has several numbers and codes that go on official documents. Different HMRC departments issue them to identify your company. Let’s figure out which one means what.

3 min read
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P60 Form: What Is It and How to Deal with It?

The P60 form is a part of the UK payroll system that features tax payments and National Insurance contributions of a certain employee. We look deeper into the nature of the document.

4 min read
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How to use Companies House Services, aka Companies House beta

Companies House is an online service to check all data about businesses registered in the UK. So, let’s find out how many companies Richard Branson directs and what is the P&L of Tiffany & Co.

5 min read
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How Does GST Work in Singapore?

GST rate is 7% in Singapore, but you only have to register after your company generates more than S$1 million in taxable revenue.

2 min read
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What Taxes Do Australian Entrepreneurs Pay in Singapore?

Singapore corporate tax rate is 17% flat for foreigners and locals. The government supports startups with exemptions. And Singapore and Australia have a Double Taxation Agreement to avoid being taxed twice on the same income.

4 min read
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What Taxes Do Indonesian Entrepreneurs Pay in Singapore?

Singapore corporate tax rate is 17% flat for foreigners and locals. The government supports startups with exemptions. And Singapore and Indonesia have a Double Taxation Agreement to avoid being taxed twice on the same income.

4 min read
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What Taxes Do Malaysian Entrepreneurs Pay in Singapore?

Singapore corporate tax rate is 17% flat for foreigners and locals. The government supports startups with exemptions. And Singapore and Malaysia have a Double Taxation Agreement to avoid being taxed twice on the same income.

4 min read
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What Taxes Do UK Entrepreneurs Pay in Singapore?

Singapore corporate tax rate is 17% flat for foreigners and locals. The government supports startups with exemptions for the first three years. And Singapore and the UK have a Double Taxation Agreement to avoid being taxed twice on the same income.

4 min read
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3 Minute Guide to Singapore Tax

Singapore is famous for its attractive corporate tax rates. We explain how it works in a snapshot.

2 min read
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How Tax Exemptions Work in Singapore?

Singapore tax system is one of the best in the world for entrepreneurs. Learn how to benefit from opening your company and paying its taxes in Singapore.

3 min read
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What Taxes Do Indian Entrepreneurs Pay in Singapore?

A guide to Singapore corporate taxes and exemptions for foreign business owners

4 min read