Knowledge & articles | Prompt Plus Accounting

• My company only has daily-wage staff — do I still need to register them for social security? — Many people mistakenly believe daily-wage employees don't need social security. In reality it depends on whether the work is regular or occasional — here's how to tell the difference, with examples.
• Signboard tax: what size triggers it, where to file, and which sign design costs least — Almost every storefront sign is taxable — even a sign that's pure image with no text at all. Here's how to calculate signboard tax, where to file, and which sign design saves the most money.
• What is depreciation, and why doesn't book profit match the cash in your account? — Depreciation is the key to understanding why your profit and loss statement and your bank balance don't line up. Here's how to calculate it, the methods allowed under accounting standards, and a clear worked example.
• Private Limited Company vs. Limited Partnership: What's the Difference? — Compare registered capital, fees, and liability for debts between the two business structures, with a clear worked example to help you decide before registering.