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Articles

When do I need to pay GST for imported goods?

When Do I Need To Pay GST For Imported Goods? CONSUMER IMPORTING GOODS Goods that are imported into Singapore by parcel post through ordinary mail or Speedpost. Subject to GST for goods that are purchased online. This applies to all new articles. Personal Articles...

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How to Start a Cleaning Company in Singapore?

How To Open A Cleaning Company In Singapore www.ebos-sg.com 8366 3660  INCORPORATION 1 DAY NEA LICENSE 1 YEAR RENEWABLE  TRACK RECORDS 2 YEARS PRATICAL EXPERIENCE IN SUPERVISING CLEANING NEW EMPLOYEE TRAINING ON EC WSQ FRAMEWORK  INVOICING CLOUD ACCOUNTANTS MARKETING...

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How to Start a Business in Singapore?

Starting a business in Singapore is a great idea! Singapore is a vibrant & exciting cosmopolitan city. It has a strategic location & is one of the 4 Asian Tiger economies. In the very beginning of your startup venture, you need some milestones that would guide you in...

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Foreign Sourced Income

What Foreign-Sourced Income is considered taxable? What Foreign-Sourced Income is considered taxable? The Inland Revenue Authority of Singapore (IRAS) generally defines foreign-source income as profits that arise from a trade or business carried on outside of...

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SSIC CODE – Principal Activities

A company is permitted to have two principal activities which are based on the Singapore Standard Industrial Classification (SSIC) 2015 report. Use our free SSIC Search to find the Singapore Standard Industrial Classification (SSIC) 2015 code corresponding to your...

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Share Capital For Pte. Ltd.

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...

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Do you need an Audit?

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...

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Stringent rules on employment passes since 2016

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...

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What kind of documents to prepare for accounting?

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...

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Why Cloud Accounting is Good for Business Owner?

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...

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