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Showing posts with the label Singaporetaxfiling

Mistakes in Singapore tax filing can harm your business branding

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  The experts advise business owners not to make any mistakes in their Singapore tax filing. However, the fact is they do happen. Singapore tax filing is a sensitive issue, and even genuine errors in it can get you hauled in front of authorities and tarnish your business's brand image, customer relationship, revenue, and growth potential. The due dates and tasks related to statutory compliance give small business owners sleepless nights. It stresses them no end. It is the reason why many of them enlist reliable providers of taxation services in Singapore. Let us see a few commonly occurring mistakes in Singapore tax filing that you, as a business owner, must avoid. Not Separating Your Business and Personal Expenses It is a good practice to separate your personal and business expenses. Because you are required to pay taxes on their revenue received from the sale of services and products. However, you need to deduct profit, business costs, and allowable business expenses from the rev...

Filing Your Corporate Tax for Singapore in 2021 - What You Need to Know

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  The tax season is upon us. You need to be aware that the deadline for filing a corporate income tax return for your company is 30 Nov 2021. You need to submit your Form C-S/ C for the YA 2021 by it. Well, will you file it on your own or, like many other companies, choose to hire a reliable provider of taxation services Singapore? Yes, you can choose to file Singapore company tax by yourself, provided you know what you are doing. Since it is a time-consuming and complex task, many directors outsource it to expert tax consultants. Doing so frees them of worry about the accuracy of the tax return filed. Appoint Taxation Services Singapore The taxation services Singapore know their business and have the latest updates regarding the tax laws. It means they are in a position to advise you and optimize your taxes to a minimum tax amount without compromising your compliance. The tax consultants have updated knowledge about the tax incentives, reliefs, rebates, and treaties. They leverage...