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Lanturn SG Blog - Accounting Category - Page 3

  Reading time 5 minutesPublic curiosity about mutual fund investing has gained steam over the past year. This happens as some are predicting hyperinflation because of the pandemic.  In reality, investing is nothing new, but most people, those with limited funds, in particular, are perhaps wary of investing; they lack the financial literacy to do so.  For the […]

 

  Reading time 4 minutesThere has been a lot of buzz around Singapore Budget 2020, especially in a time where many businesses are reeling from the economic impacts of COVID-19. Here’s what’s on the table! Singapore Budget 2020 – Short term relief Jobs: Retention and Progression Preparing for better days: Up-skilling and Refurbishments Enhanced Corporate Tax Treatments  […]

 

  Reading time 5 minutes Outsourcing Bookkeeping has grown rapidly in the last few years, mainly due to improving technology and small businesses focusing more on cost control. We’ll discuss the risks and benefits of outsourcing your accounting. Not everybody agrees on the benefits of outsourcing bookkeeping or is comfortable with the potential risks. The occasional nightmare […]

 

  Reading time 4 minutesBookkeeping is one of the world’s oldest professions. You can trace its origins to Ancient Egypt and Babylonia, and it has survived for more than 2,000 years for a very simple reason: bookkeepers help businesses understand their results. But do I need a bookkeeper for my small business? Is it a necessity since […]

 

  Reading time 6 minutesIn today’s rapidly evolving business landscape, virtual CFOs (Chief Financial Officers) are gaining popularity. But what exactly makes virtual CFOs attractive and how can it benefit businesses? When should startups outsource CFO? A Chief Financial Officer (CFO) is responsible for everything related to your company’s finances. Their roles are equally critical in influencing […]

 

  Reading time 11 minutesDid you know that Freelancers and Self-employed individuals are taxed differently (Singapore tax)? During the Singapore tax season (that is coming), it can get increasingly frustrating for both freelancers and the self-employed if they need clarification about their tax obligations. This article will share the difference between freelancers and self-employed and the methods […]

 

  Reading time 3 minutesRunning a business is no easy feat, involving day-to-day operations, marketing to accounting. While accounting for businesses may not be the most exciting area, it is a crucial part of the business. Accurate accounting and finance for your business are beneficial for your business’s long-term growth. Being able to identify profits and cash flow is […]

 

  Reading time 8 minutesYou may have heard that bookkeeping services for small business are an efficient way to keep your accounting records updated. Business owners have to consider taxes, compliance, and other legal requirements. Neat, well-organized bookkeeping and accounting records can increase your company’s chances of survival, this applies to small businesses and established corporations. If […]

 

  Reading time 8 minutesEfficiently manage your small business accounting tasks with the right accounting software or system. Accurate and time-saving, these tools help avoid costly errors like the one that cost TransAlta US$24 million. Showing that despite being routine, accounting tasks are usually time-consuming and dependent on accuracy, which means that human error can lead to disastrous […]

 

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