Are Retained Earnings Taxed for Small Businesses?

On the other hand, when a company generates surplus income, a portion of the long-term shareholders may expect some regular income in the form of dividends as a reward for putting their money into the company. Traders who look for short-term gains may also prefer dividend payments that offer instant gains. Profits give a lot … Leer más

How to make Journal Entries for Retained Earnings

When a company pays out dividends, it decreases its retained earnings account, which is a debit. Cash payment of dividends leads to cash outflow and is recorded in the books and accounts as net reductions. As the company loses ownership of its liquid assets in the form of cash dividends, it reduces the company’s asset … Leer más

Bookkeeping Services Singapore Bookkeeping Price & Fees

Talk to your accountant via live chat, ask questions and get answers within one business day. Counto’s tax experts are backed by in-house proprietary AI tax software, which has achieved  IRAS ASR+ Tier 3 qualification, the highest possible accreditation in Singapore. Quick incorporation, quick communication, committed to help with business issues. Optimising your Business Operations … Leer más

How to short stocks

The trader is now “short” 100 shares since they sold something they did not own but had borrowed. One strategy to capitalize on a downward-trending stock is selling short. This is the process of selling “borrowed” stock at the current price, then closing the deal by purchasing the stock at a future time. What this … Leer más

What Is the FIFO Method? A Complete Guide to First-In, First-Out Inventory

In environments where inflation or rising costs are a factor, FIFO can show higher profits by selling older, less expensive inventory first. FIFO’s ability to impact the bottom line in the short term offers a more attractive financial position to investors and stakeholders. First in, First out inventory method is compliant with IFRS and GAAP, … Leer más