Articles
Filing Mistakes To Avoid For Self-Employed Persons – By IRAS
As more and more Singaporeans are becoming self-employed individuals in the workforce, There are many benefits to reap, from being your own boss to flexible work timings. However, Self-employment comes at a cost as they usually have to face more book keeping and have...
read more
Lower your Tax by Donation
The tax system in Singapore is quite straightforward with taxable income and non-taxable income clearly stated in IRAS. However, there are many ways to lower tax legally which are often neglected by business owners who did not engage a TRUE ACCOUNTANT. To...
read more
Singapore Budget Talk 2019, Overview by Luther LLP
On the talk of Singapore Budget 2019 by legal and tax experts David Martiny and Sebastian Blasius from Luther LLP, presented an overview of the much anticipated Singapore...
read more
7 Guidelines to Effective Cash Flow
Embarking on your dream business venture requires a steady cash flow and that goes for ALL types of businesses. “Cash Is King” is an adage popularized in the 1900s that holds true to its name till this day, often used to underline the importance of solid cash flow...
read more
What is Anti Money Laundering act and Laundering Act affect you?
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...
read more
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...
read more
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...
read more
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...
read more
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...
read more
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...
read more
Why know your customer “KYC” is important to business growth
KYC in business stands for ‘Know your Customer’. A business should not only be concerned with making profits; it should also attempt to know who it has business dealings with. This means identifying and verifying the identity of customers; according to Wikipedia. KYC...
read more
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...
read more