Corporate tax training for business owners/accountants/auditors
1. Imparting basic tax knowledge to your book-keeper/accountant
Benefits of maintaining quality accounting records from a tax perspective
- Cuts down on non-value adding accounting work required by tax agent
- Better identify expenses qualifying for deductions
- Less/no queries from IRAS
- Cuts down on non-value adding accounting work required by tax agent
- Better identify expenses qualifying for deductions
- Less/no queries from IRAS
2. Getting detailed quotations from your suppliers for renovation works
With proper descriptions stated in the quotations/invoices for your renovation works, you can claim capital allowances / Section 14Q deductions against your chargeable income!
During our training session, we will provide you with examples of good and bad invoices to aid in your understanding and future tax filing.
During our training session, we will provide you with examples of good and bad invoices to aid in your understanding and future tax filing.
3. Being informed about tax "goodies"
The Productivity and Innovation Credit scheme (introduced in 2010) gives you 400% enhanced deductions/capital allowances (up to a maximum of S$4.8million!). In addition, there is a cash bonus with effect from YA 2013 onwards. This means that the computer or iPad that you recently purchased for your office can be fully claimable from the government!
4. No need for a tax agent, you can be an expert in tax today!
Once you are equipped with the basic tax knowledge, you are in the best position to do your own tax filing! Cut out the middleman and reap the cost savings for a long time to come!
