Articles

An Anti-Money Laundering Act is a law that prohibits Money Laundering. Money Laundering is the act of concealing the transformation of profits from illegal activities and corruption into ostensibly "legitimate" assets. (Wikipedia) An example of an Anti-Money...

What Is Authorised Share Capital? Authorised share capital can be defined as the largest amount of share capital that a company can issue. This amount will be agreed on when the company is being incorporated. This amount can be increased at a later date if the...

Q1: When will the small company audit exemption take effect? The audit exemption will be applicable for financial years beginning on or after the change in the law (1 Jul 2015). Transitional provisions have been provided for the first two years after the change in...

The Manpower Ministry is adopting a stick-and-carrot approach in dealing with the issue of hiring foreign professionals. Employers who persist in hiring them for no good reason and fail to have concrete plans to nurture their Singaporean staff will find it harder to...

Here is a checklist to save you from headache. Please save it or share it to avoid losing any documents. 1. Purchase Invoices Please keep all business related receipts because you can only claim it as expenses. 2. Payment Voucher  Payment voucher showing if purchase...

THE PROBLEMS WITH TRADITIONAL ACCOUNTING SOFTWARE Only one person can access the software at a time. Simple Accounting software can be cheap but it is not expendable. You need to manage backups yourself. It’s a pain and time consuming and you may forget to do it. Lots...