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Lanturn SG Blog - Accounting Category - Page 2

  Reading time 4 minutesIn the past year or so, the term ‘equity and social justice’ has become mainstream due in part to the Black Lives Matter protests. What started because of the death of George Floyd under police custody, had a ripple effect on all aspects of life, including equity in the workplace. Companies and institutions are responding […]

 

  Reading time 7 minutesSingapore has a flat corporate income tax rate of 17% for all businesses, regardless of size or industry. This is one of the lowest corporate income tax rates in the world. There are also a number of tax exemptions and tax deductions in Singapore available to businesses. Singapore’s favourable tax policy and friendly […]

 

  Reading time 14 minutes Preparing financial statements is integral to running a successful business, providing a snapshot of a company’s financial performance and position. Understanding these documents can be overwhelming for those just starting, but with the right guide, you can gain the necessary knowledge to make informed decisions. We’ve written a comprehensive guide to walk […]

 

  Reading time 18 minutesSmall business owners face a daunting task as tax season approaches, juggling the complexities of small business tax preparation while striving to maximise their returns and minimise their tax liabilities. With the complexities of the tax code and the unique considerations for small businesses, it can be overwhelming for a lot of small […]

 

  Reading time 7 minutes If you’ve decided to avail of an outsourced payroll service, you must pick the right provider that can truly enable you to improve your company’s productivity without downgrading quality in your internal procedures. With many different options in the market nowadays, how can one know which service provider is good? Singapore is […]

 

  Reading time 11 minutesStartup owners, founders, and C-suite from around the globe who want to set up their business in Singapore must know the country’s taxation system basics. One important taxation law is the Goods and Services Tax (GST). Implemented in 1994 under the Inland Revenue Authority of Singapore (IRAS), the Singapore Goods and Services Tax […]

 

  Reading time 4 minutes With the existence of technology and mobile devices, it’s easier than ever to work from anywhere. Singapore’s Tax Policy simplifies tax filing for a diverse workforce and businesses embracing remote work. After all, these modernisation changes were sped up by the 2020 pandemic, making the notion of a truly mobile and remote […]

 

  Reading time 6 minutes With the rapid advancements in the application of Artificial Intelligence (AI) in business, the impact of AI is undeniable. From virtual personal assistants to revolutionising industries, AI is transforming the way we conduct business. Explore the latest artificial intelligence applications in various industries below: Finance and Banking Applications of Artificial Intelligence in […]

 

  Reading time 4 minutes Good accounting practices are essential for every business, and accounting software can help streamline and optimise those practices. With Xero and Dext, companies can ensure clean financial health, stay compliant with tax laws, and gain complete visibility of their income and expenses. Accurate financial information also empowers stakeholders to make informed business […]

 

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